Indocement Tunggal Prakarsa and Saint-Gobain formed a joint venture.

Indocement Tunggal Prakarsa, a publicly traded Indonesian cement company, and Saint-Gobain, a provider of materials and services for construction, formed a joint venture. Financial terms were not disclosed. The newly formed JV will leverage the strengths of Saint-Gobain's CMU, as well as those of Indocement, a leading cement manufacturer in Indonesia, to accelerate growth on the promising mortars market.