Gypsum industry news
PPG completes sale of Plaka Plasterboard to Knauf 08 June 2017
Mexico: PPG has completed its sales of its Plaka plasterboard and cement-board business to Knauf. No financial value for the deal has been disclosed. PPG originally purchased its Plaka business in 2014 when it acquired Consorcio. The company produces wallboard, plasterboard and cement board primarily for the Mexican market.
Russia: Knauf Petroboard and the local government of the Leningrad region have signed a Euro54m deal to upgrade a gypsum wallboard liner plant in Kommunar. Two thirds of the funds will be used to upgrade equipment at the site with the remainder targeted at treatment works, according to the Stroygaz newspaper. Start-up for the equipment is scheduled for the end of 2018. The agreement has been announced as part of the St Petersburg International Economic Forum framework.
France: Saint-Gobain has adjusted the representation of Wendel on its board of directors after a sale of the investment company's shares in the construction materials producer. Following the sale of 5.3% of Saint-Gobain's shares Wendell retains one sole director, Frédéric Lemoine, and a 6.4% stake. However, Saint-Gobain has decided to retain Wendel's other representative, Gilles Schnepp, as an independent director due to his experience of the group.