India: Saint-Gobain India plans to grow its gypsum business as part of a new investment phase, targeting revenues of US$4.3bn across its businesses by 2032. The Hindu newspaper has reported that this represents growth by a factor of three from 2023 levels. The investment phase will include total capex of US$719 – 959m from 2021 to 2025, with ‘significant’ allocations to gypsum activities. The company had invested US$1.58bn up to the end of 2023, including acquisitions in the gypsum wallboard segment.
Asia-Pacific and India regional CEO B Santhanam said "We have made huge investments in India, and quite a lot of them were in new plants."
