Saint-Gobain and Central Glass Co. Ltd. have just signed an agreement to create a joint venture in Indonesia that will specialize in automotive glass. Each group will have a 50-percent stake in the new company.
A plant will be built east of Jakarta to meet the Indonesian automotive market’s rapid growth, according to officials. The new facility is scheduled to come on stream in 2016 and will have an annual production capacity of 500,000 windshields.
The agreement is subject to the approval of the anti-trust authorities.
Saint-Gobain and Central Glass have been working jointly in the field of automotive glass since 2002 in Japan and 2012 in China.