Gypsum industry news
Search Gypsum News
US: USG Corporation has reported fourth quarter 2014 net sales of US$954m, up by 4% from the fourth quarter of 2013, when net sales were US$915m. Its fourth quarter 2014 operating loss was US$24m compared to US$60m of operating profit in the fourth quarter of 2013, primarily due to US$75m of charges for impairments and other related costs associated with its non-core shipping business and US$13m of charges to permanently settle a pension plan in the UK. During the fourth quarter of 2014, net loss attributable to USG was US$53m compared to US$3m in the fourth quarter of 2013.
"I'm pleased with the progress we made towards our 'Plan to Win' during the quarter, delivering strong adjusted operating profit from our operations," said James S. Metcalf, chairman, president, and CEO. "All of our businesses are heading in the right direction and we are well positioned for profitable growth in all of our improving end markets."
USG's adjusted operating profit was US$79m in the fourth quarter of 2014, which includes, among other items, adjusted equity method investment income of US$14m from USG Boral Building Products, compared to an adjusted operating profit of US$75m in the fourth quarter of 2013. Adjusted net income was US$35m in the fourth quarter of 2014 compared to US$22m in the fourth quarter of 2013. Adjusted net income and adjusted operating profit in the fourth quarter of 2014 excluded long-lived asset impairment charges of US$60m and contract termination and loss on receivable charges of US$15m related to the corporation's non-core shipping business, as well as a pension settlement charge of US$13m related to the wind-up of its pension plan in the UK.
USG recorded full year 2014 net sales of US$3.7bn and an operating profit of US$162m, with a net income of US$37m. On an adjusted basis for the full year of 2014, adjusted operating profit was US$353m and adjusted net income was US$168m. For the full year of 2013, net sales were US$3.6bn, operating profit was US$258m and net income was US$47m. On an adjusted basis for the full year of 2013, adjusted operating profit was US$278m and adjusted net income of US$73m.
"In 2014 our adjusted net income of US$168m more than doubled relative to what we generated in 2013, with our USG Boral joint venture contributing significantly to our success," said Metcalf. "While the pace of the recovery is clearly more shallow than what we were anticipating, our trajectory continues to be positive and we are confident that 2015 will outperform 2014."
Written by Global Gypsum staff
02 February 2015
Australia: Knauf Plasterboard is expected to announce that it will begin the construction phase of a new plant at the Bundaberg Port in south-east Queensland. Knauf Plasterboard currently manufactures and distributes plasterboard and accessories out of its Melbourne and Sydney plants.
In 2014, the company bought land from Gladstone Ports Corporation at the Bundaberg Port and is expected to start building a new plant in March 2015. Company spokesman Brian Tisher said that the new plant would create 200 jobs in the construction phase and 55 new positions when the project was complete in 2016. Tisher said that most of the products made would be sold in Queensland, but some would be exported. He added that building the facility in Bundaberg was an obvious choice, as a 26km gas pipeline was recently installed. The plant should be operational by September 2016.
Written by Global Gypsum staff
29 January 2015
UK: Saint-Gobain's British Gypsum is making it easier for specifiers and architects to identify environmental performance with the launch of seven new Environmental Product Declarations (EPD) that cover nine products.
As part of its aim to give environmental transparency and make it easier for specifiers to gather evidence for building certification schemes, such as BREEAM, LEED and SKA, British Gypsum has introduced additional EPD to its Thistle plaster range. These include declarations for Thistle BoardFinish, MultiFinish, BondingCoat, Browning, Universal OneCoat, DuraFinish, SprayFinish, ToughCoat and HardWall.
The EPDs were externally verified for the Thistle plaster products following a robust Life Cycle Assessment (LCA), which calculated the environmental impact of each product throughout its lifecycle. The LCA considers a range of factors, including the effect of raw materials, manufacturing process, installation, performance in use and recycling capabilities.
"As our EPDs are based on clearly-defined EU-wide rules and regulations, our customers can be confident in the knowledge that they are receiving reliable indicators, allowing them to make an informed decision when planning or delivering a project," said Heidi Barnard, sustainability leader at British Gypsum. "We're currently the only UK plaster manufacturer to offer EPDs, but we recognise the importance of giving our customers greater transparency, especially in our industry, where sustainable practices are becoming more rigorous on an almost daily basis."
Hungary: Saint-Gobain's revenue in Hungary rose by 6.2% to Euro35.2m in 2014 from Euro33.1m in 2013. In 2015, it expects revenue growth to be about the same. The business employs 500 people and exports more than 25% of its production. Saint-Gobain's biggest investment in Hungary is a Euro32.2m wallboard plant.
Written by Global Gypsum staff
26 January 2015
Vietnam: DAP Joint Stock Company has found a solution to deal with gypsum created during production processes. The public has criticised the company for many years because of the 'acid leaking from its gypsum dumping ground.' However, the problem will be solved as DAP has found a way to recycle gypsum, turning it into artificial plaster to be used as a cement additive.
Since 2009 DAP has produced some 2Mt of gypsum, which is being kept at its temporary dumping ground. The ground is surrounded by clay and stone embankments with high-density polyethylene (HDPE) stratum to ensure that the water does not leak. There is a reservoir to collect acid from the waste and pump it back to the plant for use. When the pH content falls below the allowed level, the gypsum will be relocated to a major gypsum gathering ground, covering an area of 0.4km2, where it will be recycled into cement additives. A monitoring report from 30 September 2014 showed that the waste water was within the safety limits in accordance with the Ministry of Natural Resources and the Environment (MONRE) QCVN 09:2008/BTNMT standard on underground water quality.
Dinh Vu Gypsum JSC was established in 2010 following initial success in gypsum recycling tests. The company has finished the construction of a gypsum recycling plant and has installed 25% of the processing lines, with a capacity of 150,000t/yr per line. The plant, now in its trial run, has provided 10,000t of artificial plaster to the But Son Cement Plant in Ha Nam Province.
DAP has also joined forces with the Vietnam Cement Corporation (Vicem) to develop a project on processing gypsum. The two sides have signed a cooperation agreement, under which Vicem would be responsible for the consumption of the resulting cement additive.