- Saint-Gobain, a company in design, production and distribution of construction materials, is strengthening its presence in Indonesia.

It is doing so by increasing its interest from 51% to 100% in PT Cipta Mortar Utama, which specialises in plastering mortars, masonry mortars, tile fixing and facade renders. The company is Indonesia's leading manufacturer of industrial mortars which it is estimated will achieve sales of over €50m this year.

Saint-Gobain also has interests in Indonesia in abrasives, plastics and plasterboard.

At 11:34am: [LON:COD] Compagnie De Stgobain share price was +0.68p at 41.83p

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