Gypsum industry news
US: USG Corporation has reported results for the second quarter of 2015. On a consolidated basis, net sales grew by 2% year-on-year to US$970m. Operating profit improved by 7% to US$105m. Adjusted operating profit was US$118m in the second quarter of 2015, compared to an adjusted operating profit of US$87m in the second quarter of 2014. USG generated US$79m or, on an adjusted basis, US$78m during the quarter. Adjusted results exclude results from Gypsum Transportation Limited (GTL), a shipping operation that the company has exited, included in the gypsum segment.
"All of our businesses expanded their margins and contributed to our strong second quarter," said James S Metcalf, chairman, president and CEO of USG. "We generated the highest level of net income since the fourth quarter of 2006, when demand was 50% higher."
USG's gypsum segment generated US$98m of operating profit in the second quarter of 2015. On an adjusted basis, operating profit in the gypsum segment improved by US$20m, led by the US gypsum business. Wallboard provided US$14m of improved operating profit and the surfaces and substrates businesses contributed US$9m in total incremental profit. Favourable pricing and improved volumes coupled with lower natural gas costs and operational efficiencies drove the margin expansion in the US gypsum business.
"In the second quarter, our gypsum segment realised its strongest operating margin in over eight years," said Metcalf. "We are focused on expanding our margins and growing our non-wallboard portfolio of products in this business."
Commenting on the future of USG, Metcalf said that, "We made strides in all three phases of our 'Plan to Win' in the second quarter by strengthening our core operations, diversifying our earnings base and differentiating USG through innovation. The outlook for all of our businesses is bright."
US: The Gypsum Association (GA) has announced the release of the 21st edition of the Fire Resistance Design Manual (FDRM) GA-600-2015.
Revised on a three-year basis, GA-600 has been referenced by the model building codes as a source of fire resistive designs for more than 40 years. The 2015 edition contains nearly 100 new systems that supplement existing assemblies for walls and partitions, floor-ceiling systems, area separation walls and others. Among these are 20 new head-of-wall and base-of-wall systems that expand the options for perimeter relief.
The FRDM is currently referenced by the International Building Code and The National Fire Codes, as well as many state and local jurisdictions in the US and Canada as a source document for fire-resistance and sound-control rated designs that incorporate gypsum board in a variety of building systems. A recently revised ICC-ES Evaluation Report (ESR 1338) incorporates a reference to the 2015 edition of the Fire Resistance Design Manual as an acceptable source of generic fire-resistance and sound-control systems. Over the years, the FRDM has broadened to address sound and other factors of concern for designers, builders, code officials and the public, featuring more than 700 systems.
JSC Zhambylgips to modernise gypsum plant in Zhambyl 23 July 2015
Kazakhstan: A new gypsum building mixtures plant will be launched in Zhambyl by the end of 2015, according to the Kazinform International News Agency. The project has been initiated under the state programme, 'Industrialisation Map of Kazakhstan.'
JSC Zhambylgips is modernising the existing plant for US$9.09m. Once complete, the plant will have 270,000t/yr dry compounds and gypsum products capacity and will employ 50 people. It is assumed that the plant will produce about 600t/day of gypsum. The products will be delivered to local and foreign markets, mainly in Russia and central Asia.