Saint-Gobain completes Sodamco integration
Dubai, December 19, 2012
Saint-Gobain Weber, a global leader in industrial mortars, said it has fully completed the integration of Sodamco Holding and its subsidiaries in the Middle East after acquiring a majority stake in the group three years back.
Established in Lebanon in 1985, Sodamco has grown to become a major player in the field of industrial mortars and concrete admixtures over the past years.
The company offers tile fixing, façade, flooring, premixed plasters, technical mortars, and waterproofing as well as concrete admixtures solutions under the flagship of Sodamco-Weber.
With the full integration of Sodamco, Saint-Gobain said its construction products have gained a strong foothold in the Middle East region, said a statement from the company.
The company continues to experience a very dynamic growth in the construction activity, real-estate and infrastructure developments, it stated.
A worldwide leader for habitat markets, Saint-Gobain said the move comes as part of its strategy which relies on expanding in developing countries and becoming the construction markets’ prime reference in providing sustainable and innovative solutions to save energy and protect the environment.
The company, which presently has around 600 employees, boasts of an annual turnover of $120 million and is a recognized as leader in the Middle East region with industrial presence in the Near East and Gulf regions.-TradeArabia News Service
More Construction & Real Estate Stories
- Jotun colour collection tracks new trends
- RAK Properties to distribute $27.2m profit
- Top construction firms head to Bahrain
- Investors pull out of $65m Bahrain project
- Projects stalled in Bahrain due to 'mismanagement'
- Emaar rules out plans for new tall tower
- Barwa net profit surges 27.3pc
- RAK Properties adds new villas to Flamingo project
- Saudi launches housing scheme to ease shortage
- R&M wins Oman residential project contract
- Asian skyscraper prices tower over rest of the world
- Tamleek opens new office in Dubai
- $29m allocated for Bahrain drainage projects
- Indian group plans $300m Bahrain Bay investment
- Drake and Scull awards key supply contract
- FCC wins $702m Doha metro line contract
- SPF Realty sees Dubai project success
- Abu Dhabi set for big property show
- Aldar working on $1.5bn UAE housing projects
- Gulf Finance House to start $3bn Tunisia project
- Abu Dhabi to see 10pc surge in new homes
- Saudi construction sector booming on new contracts
- Emaar offers 330 apartments in MBR City
- Dubai Design District sees big demand
- HUGE DEAL: Arabtec inks $40bn Egypt housing project
- Galfar ex-CEO gets 15 years' jail over bribes
- $32m BFH car park work underway
- Bahrain awards $5.8m project tenders
- Spinneys to set up distribution centre at Kizad
- Dubai unveils $300m hitech 'green' city project