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Saint-Gobain invests in British Indústria e Comércio

18 Apr '15

1 min read

Saint-Gobain, the world leader in the habitat and construction markets, that designs, manufactures, and distributes building and high-performance materials, has signed a joint venture agreement with British Indústria e Comércio Ltda., a manufacturer of nonwoven abrasives in Brazil.

This agreement has helped Saint-Gobain acquire 70 per cent of the British company’s equity. Created in 1996, the company is located in Indaiatuba, 100 km from Sao Paulo. It manufactures and sells non-woven abrasives for industrial applications (surface conditioning materials), professional cleaning and consumer goods, Saint-Gobain said in a statement.

In a market for nonwoven products that has high growth potential in South America, the investment will enable Saint-Gobain to strengthen its lead position in the industry and construction segments. The Group will be able to expand its range of abrasive products and add new customers to its portfolio.

With 2014 sales of €41 billion, Saint-Gobain operates in 64 countries and has over 180,000 employees. With approximately 10,600 employees, Saint-Gobain’s abrasives activity has a powerful manufacturing network of 63 plants in 27 countries. Its portfolio of products (coated, bonded, superabrasives, organic grinding wheels, construction products) offers comprehensive solutions for every step of the grinding process. (GK)

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