Saint-Gobain, Sarawakian Flinken form JV to serve East Malaysia construction chemicals market

KUALA LUMPUR (March 26): Saint-Gobain has signed a definitive agreement with Sarawak-based Flinken Group to establish a joint venture in Malaysia to strengthen its presence in the region’s construction chemicals segment.

Under the agreement, Saint-Gobain will hold a 70 per cent majority stake in the proposed joint venture, while Flinken Group will retain the remaining 30 per cent, subject to customary closing conditions and regulatory approvals.

A joint statement on Wednesday said the partnership reflects Saint-Gobain’s strategic ambition to expand its footprint in high-growth markets across Southeast Asia and strengthen its presence in construction chemicals.

“By combining Saint-Gobain’s global expertise in light and sustainable construction with Flinken Group’s strong local manufacturing capabilities and market knowledge, the partnership aims to accelerate innovation and enhance service to customers in East Malaysia.

“The collaboration will leverage the full breadth of Saint-Gobain’s portfolio and know-how to meet the evolving needs of the market,” it said.

East Malaysia remains a key area of development under Malaysia’s Budget 2026, with Sabah and Sarawak allocated RM6.9 billion and RM6 billion respectively for development projects.

The joint venture is expected to support the East Malaysia’s push towards a more resilient and sustainable construction industry, while strengthening Saint-Gobain’s ability to serve market needs.

Saint-Gobain Malaysia and Singapore chief executive officer Lynette Siow said the agreement strengthens the group’s footprint in Malaysia, particularly in East Malaysia where long-term growth prospects remain strong.

“This agreement marks an important step in strengthening our presence in Malaysia, particularly in East Malaysia where we see strong long-term growth potential.

“Partnering with Flinken allows us to combine global expertise with deep local knowledge to deliver innovative and sustainable solutions to the market,” she said.

Flinken Group managing director Marcus Chai added that the collaboration will enhance the company’s capabilities and position it to capture future growth opportunities in Sarawak and beyond.

The transaction is expected to be completed in the coming months, subject to regulatory approvals and other customary conditions.