Indocement Forms Joint Venture for Mortar Business

Strategic Partnership with Saint-Gobain Affiliate

PT Indocement Tunggal Prakarsa Tbk (INTP), through its subsidiary PT Pionirbeton Industri (PBI), has entered into a joint venture with PT Cipta Mortar Utama (CMU), a company affiliated with Saint-Gobain, a French multinational corporation specializing in building materials and solutions. The joint venture, established on December 30, 2025, focuses on the production and marketing of mortar products.

Business Implications

The partnership was formalized through a capital injection by the involved parties, strengthening Indocement's position in the construction materials market. CMU's affiliation with Saint-Gobain brings in international expertise and technology, potentially enhancing the quality and competitiveness of the mortar products in the Indonesian market.

Market Context

This strategic move comes as the construction sector continues to grow, driven by infrastructure development and housing projects. The demand for specialized construction materials like mortar is expected to rise, making this joint venture a timely and potentially lucrative investment for Indocement.