Gypsum industry news
Knauf Colombia acquires Paneltec 25 February 2016
Colombia: Knauf Colombia has acquired Paneltec, a local gypsum wallboard producer. The acquisition enlarges the wallboard manufactures footprint to a second plant in the country.
"We at Knauf are happy to welcome into our family Paneltec, a company that has earned recognition in our country and the region," said Miguel Rangel Galvis, Knauf Colombia General Manager. "With two industrial plants, the education and service that this operation will bring about in the next months and years, many more customers will be able to enjoy all the benefits of technology that Knauf develops for drywall construction in Colombia."
Knauf Colombia has a wallbaord plant in Cartagena. Paneltec began to produce plasterboard in its Barranquilla plant in 2008. Wallboard sales grew by 10% in 2015 in Colombia.
Continental Building Products sales drop slightly in 2015 25 February 2016
US: Continental Building Products sales fell slightly to US$422m in 2015 from US$425m in 2014. Despite this its net income rose by 5% to US$16.7m from US$15.9m. Wallboard volumes sales rose by 0.9% to 204Mm2 from 203Mm2.