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Tanzania: Saint-Gobain has finalised the acquisition of 50% of the capital of Lodhia Gypsum Industries, a leading producer of wallboard in Tanzania. The deal is expected to consolidate Saint-Gobain's leadership in the wallboard segment in east Africa and is in line with the group's strategy to expand its presence in sub-Saharan Africa. Lodhia Gypsum, which makes and distributes wallboard in Tanzania, Kenya and neighbouring countries, employs 90 and has a production plant in Arusha, close to the border with Kenya.
Russia: According to ENP Newswire, VTB Bank and Volma have signed two loan agreements worth Euro9.55m over three years. Volma will use the funds to finance the construction of a new plant in the Republic of Adygea and to increase its working capital.
"Supporing manufacturers is one of the bank's priorities, given the importance of the real economy sector to Russia. Volma is a major producer of finishing materials and a serious competitor for West European companies. I'm sure that the bank's support will help it strengthen its position both in Russia and in foreign markets," said Mikhail Oseevskiy, deputy president and chairman of VTB Bank management board.
"VTB Bank is very important for Volma's growth, especially in the current difficult economic situation. It is a strategic financial partner and its assistance has helped us increase our business in recent years,' said Volma director general Vladimir Ovchintsev.
Russia: According to Interfax, Bratskekogaz, which is controlled by Rosneft subsidiary Itera, has concluded a contract to supply Knauf Gips Baikal with compressed natural gas from the Bratskoye field in Irkutsk.
Bratskekogaz has signed agreements to supply compressed natural gas to Knauf Gips Baikal, which has a current demand of 25Mm3/yr. The implementation period is 2016 – 2017. It was reported previously that Knauf CIS was in talks with Itera to supply compressed natural gas to Knauf Gips Baikal to reduce production costs. Knauf Gips Baikal currently operates on liquefied gas delivered from Krasnoyarsk, Tyumen and Omsk, which is 260% more expensive than natural gas delivered by pipeline. This has made it difficult to compete with imported gypsum wallboard and dry construction mixes from China and South Korea.
Knauf will invest US$1.5m in the project to switch to compressed natural gas. The money will be used to build a gas acceptance facility and rebuild the burners and pipelines. The supplier is responsible for building the compressor station and supplying the compressed natural gas tankers for transportation.
Written by Global Gypsum staff
02 July 2015
Romania: According to News website ZF English, Siniat Romania, part of Belgium's Etex Group, has completed the construction of its Euro50m, greenfield wallboard plant in the southern city of Turceni.
Written by Global Gypsum staff
01 July 2015
US: USG has announced nationwide availability of what the company calls, 'The lightest Type X wallboard,' USG Sheetrock Brand UltraLight Panels Firecode X. Depending on geography, the panel is available in one of two Underwriters Laboratories Inc (UL) type designations (type ULIX and type ULX).
The panels are a lightweight type X gypsum panel designed for commercial and residential construction. Both UL type designations of USG Sheetrock Brand UltraLight Panels Firecode X are formulated to achieve the strength and performance characteristics as standard 15.9mm (5/8") USG Sheetrock Brand Firecode Gypsum Panels. "The lighter weight means transportation efficiencies, productivity gains, reduced fatigue during handling and possible safety benefits," said USG's press release.
"USG is the only manufacturer to offer a full portfolio of lightweight products," said Dan Schmidt, director of product management wallboard at USG. "The new UL type ULIX panel was developed using a proprietary formulation. The primary difference between the ULIX and ULX panels is that the ULIX board requires the use of insulation in the cavity on one-hour fire-rated steel-framed assemblies, which is an industry best practice designed to meet thermal and acoustical performance requirements."
UL Type ULIX panels are available in the West North Central, Mountain and Pacific regions.
UL Type ULX panels are available in New England, the Mid-Atlantic, South Atlantic and East Central regions.