Vietnam: Saint-Gobain has increased its holding in Vinh Tuong Industrial Corp (VTI) from 14.8% to over 57% to consolidate its presence in the country. The deal will reinforce Saint-Gobain's presence in Vietnam, where it already operates a wallboard plant.
VTI is a major player in the Vietnamese construction materials market with expected sales of US$109m in 2015 from wallboard and wall solution sales. Financial details of the transaction were not disclosed.
