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Knauf targets US$15m gypsum wallboard sales through new Egyptian plant
Written by Global Gypsum staff
21 May 2015
Egypt: Sales from Knauf's recently opened wallboard plant in Suez could reach US$15m in Egypt and Africa during the first year of production, according to Alexander Knauf, managing partner of the company. The company plans to sell 8Mm2 of gypsum wallboard during the first year of operation, Knauf said in a statement.
Kastamonu Entegre to begin wallboard plant construction in Kaluga in May 2015
Written by Global Gypsum staff
20 May 2015
Russia: Turkey's Kastamonu Entegre plans to start construction of a gypsum wallboard plant in Kaluga, Russia. The plant will be located in the Lyudinovo Special Economic Zone (SEZ). Kastamonu Entegre signed an agreement with the regional authorities in 2014.
Continental Building Products appoints Dennis Schemm as CFO
Written by Global Gypsum staff
19 May 2015
US: Continental Building Products has announced the appointment of Dennis Schemm as chief financial officer, effective from 11 May 2015.
"We are excited to welcome Schemm to our leadership team," said Jay Bachmann, Continental's CEO. "He has a proven history of experience, with more than 20 years in finance, including 16 years in senior management roles at publicly-traded industrial companies. His extensive and broad leadership capabilities will be instrumental to supporting our efforts as we further strengthen our low-cost position and generate additional cash flow as our end markets improve."
Schemm most recently served from 2013 to 2015 as vice president of global finance for Armstrong Flooring, a division of Armstrong Worldwide, where he oversaw the division's financial and accounting functions. From 2011 to 2013, Schemm served as director of global financial planning and analysis at Gilbarco Veeder Root, a Danaher Corporation, where he was responsible for operational and strategic planning and provided financial leadership for global operations and research and development.
Knauf starts US$53m project in Uzbekistan
Written by Global Gypsum staff
18 May 2015
Uzbekistan: Knauf has started a new US$52.5m investment project at two of its plants in Bukhara. The move follows the signing of a new agreement in 2014 by Knauf and Uzstroymateriali JSC to boost economic cooperation between Uzbekistan and Germany.
Knauf has already invested US$51m in Uzbekistan. It has two plants in Bukhara: JV JSC Bukharagips, which produces dry building mixes and Knauf Gips Bukhara, which produces gypsum wallboard. The 60,000t/yr capacity Bukharagips plant started operations in August 2009, while the 20Mm3/yr capacity Knauf Gips Bukhara plant was built in 2011.
Knauf opens US$50m gypsum wallboard plant in Suez
Written by Global Gypsum staff
18 May 2015
Egypt: The German-Arab Chamber of Industry and Commerce (GACIC) has announced the opening of a new US$50m Knauf Egypt plant. The plant has a capacity of 15Mm2/yr of gypsum wallboard, 90,000t/yr of other gypsum products and 25Mm/yr of metal cutters. Construction in the Ataqa Suez industrial zone began in 2010. Suez was selected as the plant site because of its strategic location between raw materials sites, local markets and major export markets.