Gypsum industry news

Australia: Boral’s chief executive officer, Mike Kane, expects that its USG Boral joint venture’s earnings will grow by 10% in its financial year to the end of June 2019. He told shareholders at the company’s annual general meeting that improvements in markets in China, Indonesia, Thailand and India would counteract slowing residential construction in Australia and South Korea, according to the Australian newspaper. He also said that Boral is conducting two valuations of USG Boral following the merger of USG and Knauf. The company is considering whether to buy the other half of the joint venture or whether to find another partner.