Gypsum industry news

Iran: Ammar Bashare, the director of the Middle East trade development section of Saint-Gobain, has expressed his company's desire to invest in the gypsum plaster industry in Semnan province. He made the comments in a meeting with Ali Asghar Joma'ei, the head of the province's Chamber of Commerce, Industry, Mine and Agriculture, as reported by the Islamic Republic News Agency.

Bashare said that Saint-Gobain is ready to invest in the local plaster industry and he hoped that his company could have more cooperation with local Iranian companies when the economic sanctions are lifted.

Joma'ei said that around 40 plaster producer companies are active in Semnan province and that foreign investors should bring modern technology into Iran. He also noted the readiness of a number of investors from Turkey and Germany in the industry. He added that the province is ready for 100% foreign investment or joint venture partnerships.

Semnan produces 40,000t/day of plaster. It exports plaster to Iraq, Turkmenistan and India.

Canada: Continental Building Products has announced that Chantal D Veevaete and Michael J Keough will join its Board of Directors as independent directors, effective from 14 March 2016. Veevaete will join the Compensation Committee and Keough will join the Nominating and Governance Committee. They will replace Chad Suss and Kevin Barner, who were affiliated with the Company's private equity sponsor, Lone Star Funds. Suss and Barner will resign effective from 11 March 2016.

Veevaete has experience in senior leadership positions in several industries, with a particular expertise in human resources. Most recently, from May 2012 through December 2014 Veevaete served as Senior Vice President, Human Resources of Phillips 66, a diversified energy and logistics company. Prior to that she helped implement the separation of Phillips 66 from ConocoPhillips. From April 2009 through January 2012 Veevaete served as Vice President, Human Resources of Chevron Phillips Chemical, and before that served in human resources roles for companies in the health care industry.

Keough has experience in senior leadership and operating roles, including serving as Chief Executive Officer of several manufacturing companies. Most recently, Keough served as President and Chief Executive Officer of Stronghaven, which has been a subsidiary of Hood Container Corporation since December 2013. From January 2005 through May 2010 Keough was President and Chief Executive Officer of Caraustar Industries, a manufacturer of paperboard and paperboard products.

US: Headwaters Resources has announced it has entered into a definitive agreement to purchase 100% of the membership interests of Synthetic Materials based in Louisville, Kentucky. The acquisition, which is subject to the satisfaction of certain closing conditions, is expected to close in Headwaters current fiscal year. It is intended to complement the coal combustion product management operations of Headwaters.

Synthetic Materials handles synthetic gypsum processing and management. It has 21 years of experience providing services to the flue gas desulfurisation industry, including the design and construction of gypsum dewatering systems, gypsum marketing, landfill and pond management. At present it provides operations and maintenance services at 10 different utility sites and manages over 4Mt/yr of bulk synthetic gypsum, generating approximately US$25m in annual revenue. The expected purchase price will range between US$38 – 45m, depending upon certain conditions.

UK: British Gypsum has revealed the winners of its National Trophy Awards, which aim to celebrate craftsmanship and skills in using traditional plaster and modern plasterboard systems.

Now in its 10th year, the awards recognise the contribution that contractors make to the UK construction industry on a daily basis, with accolades presented to the following developments across six categories:

• Norwich Enterprise Centre (Innovation and Sustainability)
• Five Pancras Square, London (Plasterboard)
• Resort World, Birmingham (Commercial)
• Michael Sobell Sports Centre and School, Aberdare (Education, Hospitality & Healthcare)
• Great Minster House, London (Residential)
• Whitworth Art Gallery, Manchester (Plaster)

"The winning projects were selected due to their commitment to addressing common issues in the construction sector such as reducing carbon, overcoming poor acoustic performance and extending maintenance cycles," commented Alastair Bell, Managing Director of British Gypsum.

The winners will to join more than 33 different countries as UK representatives in the Saint-Gobain Gypsum International Trophy Awards in Prague later in 2016.

France: Saint-Gobain's net income has risen by 36% year-on-year to Euro1.3bn in 2015 from Euro953m in 2014. Its sales revenue rose by 3.3% to 39.6bn from 3.4bn. However, its overall sales volumes remained static with only 0.1% growth. Growth in the company's Flat Glass and Interior Solutions divisions, including wallboard and insulation, held up sales despite sharp declines in sales in France.

"Saint-Gobain delivered improved earnings in 2015 in a sharply contrasted economic climate. The improvement was dampened by continued weak trading in France, hurt in particular by the sharp contraction in our Pipe division in the second half of the year, despite the first signs of an upturn in construction indicators. The group completed a key stage in the reorganisation of its business portfolio, with the sale of Verallia on very favourable terms, and continues to pursue its plan to acquire a controlling interest in Sika after obtaining all antitrust approvals prior to closing the deal," said Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain.

The group's Interior Solutions division reported a 7.1% rise in sales revenue to Euro6.49bn from Euro6.06bn. Reduced volumes and prices in the French market slowed growth in Western Europe, although this impact eased in the fourth quarter of 2015. Trading in North America was dented by a slight dip in prices in the second half and by the decline in the Canadian market. Asia and emerging countries continued to deliver growth.