Saint-Gobain completed the acquisition of 50% stake in the company LODHIA Gypsum Industries based in Arusha, Tanzania, on the border with Kenya.
LODHIA Gypsum Industries manufactures and markets plasterboard to markets of Tanzania, Kenya and neighboring countries. The company employs 90 people and has a factory in Arusha.
It allows Saint-Gobain to assert its role as leader in the market for plasterboard in East Africa.
This operation is part of the strategy of Saint-Gobain Group to expand its presence in sub-Saharan Africa where it is already present in South Africa.
In 2015, Saint-Gobain celebrates 350 years, 350 reasons to believe in the future. With his experience and his ability to always innovate, Saint-Gobain, world leader in habitat, designs, manufactures and distributes construction and high performance materials, providing innovative solutions to the challenges of growth, the energy and protecting the environment. With a turnover of 41 billion euros in 2014, Saint-Gobain operates in 64 countries with over 180 000 employees. Source: PR Newswire