French construction company enters plaster market in Kenya


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French construction company enters plaster market in Kenya


Saint-Gobain Riverside Showroom. PHOTO | DIANA NGILA | NMG

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Summary

  • The Paris-based company, which produces building materials such as wall and ceiling plasters, tiles and plumbing materials, said its expansion into Kenya was part of a plan to expand its presence in Africa. .
  • Saint-Gobain did not disclose the financial details of the transaction, however, nor the identity of the seller of the gypsum plant.
  • Saint-Gobain has also established itself in Mauritius, after taking a majority stake in abe, one of the main producers of technical mortars, additives and sealants in the Indian Ocean country.

French building materials maker Saint-Gobain has acquired a gypsum plant in Nairobi as it plans part of the construction sector.

The Paris-based company, which produces building materials such as wall and ceiling plasters, tiles and plumbing materials, said its expansion into Kenya was part of a plan to expand its presence in Africa. .

“The acquisition of a gypsum plaster plant in Nairobi, Kenya, will meet the growing demand in this region and will also enable complementary innovative and energy efficient solutions in the building sector, including additional investments in a technical mortar plant, ”the company said. said in a statement.

The acquisition will be Saint Gobain’s first production site in Kenya, where it will also invest in a construction chemicals production line at the same site, he said.

Saint-Gobain did not disclose the financial details of the transaction, however, nor the identity of the seller of the gypsum plant.

The construction sector in Kenya posted an 11.8% growth in value last year, supported by an increase in public spending on infrastructure.

Kenya’s National Bureau of Statistics economic study 2021 shows that the gross domestic product of the sector stood at 518.5 billion shillings in 2020, up from 463.63 billion shillings the previous year.

Saint-Gobain has also established itself in Mauritius, after taking a majority stake in abe, one of the main producers of technical mortars, additives and sealants in the Indian Ocean country.

“These acquisitions … will strengthen the group’s presence in Africa and accelerate its growth in the region by enriching its range of solutions for lightweight and sustainable construction,” said the firm.

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