Gypsum industry news

US: Steve Rowley will retire as president and CEO of Eagle Materials on 31 March 2016. Dave Powers, Executive Vice President for Gypsum Wallboard at Eagle since 2005, will succeed Rowley as President and CEO. He will also be appointed to the Board of Directors.

"Steve has positioned Eagle for an exciting future. He has led the doubling of the scale of our cement business and has guided the growth of our gypsum wallboard business in achieving its nation-wide scope. He also has successfully led the company through the longest and most challenging construction market down-cycle in US history," said Larry Hirsch, Chairman of the Board. Health reasons were cited for Rowley's retirement.

Dave Powers, aged 65, holds over 35 years of experience in the building materials industry. He joined Eagle Materials (formerly Centex Construction Products) in 2002 as Executive Vice President, Sales and Marketing. In January 2005, he was promoted to his role as Eagle's Executive Vice President for Gypsum (and President, American Gypsum Company LLC).

China: A 190m borehole is being drilled to rescue four trapped miners from a Gypsum mine in Shandong. It is the fifth hole that has been drilled by the rescuers since the accident happened on 25 December 2015. The hole will be used as an escape passage for the four miners, according to China Radio International.

"Now the drill work has reached the layer of red sandstone, nearing the mine roadway. Everything went well on overall. We overcame the difficulties when drilling previous layers, and now it's the final sprint. The layer of red sandstone is as thick as 30m," said rescue worker Sang Jingqiu.

When the drilling is finished, rescuers will send down a rescue capsule to the miners in the underground tunnel. Rescuers have been able to pass food and other vital supplies through an emergency hole.

When the mine collapsed 29 miners were working underground. Apart from the four trapped miners that have been located, 11 have escaped or were rescued, one is confirmed dead and 13 remain missing.

Saudi Arabia: National Gypsum has reported that net profit for the fourth quarter of 2015 fell by 66% to US$282,000 from US$828,000in the same period in 2014. Operational profit fell to US$773,000 from US$1.27m.

Net profit for the year in 2015 remained static at US$5.78m compared to US$5.79m in 2014. Operational profit fell by 36% year-on-year to US$3.47m from US$5.41m.

Canada: The Canadian Gypsum Company, a subsidiary of USG, has laid off 14 winter maintenance workers at its Little Narrows quarry in Cape Breton, according to the Canadian Press. Mine manager Byron MacMillan said that company officials have yet to make a decision on the future of the quarry. The company is looking at market conditions and is reducing spending until a decision is made. The layoffs follow winter closing since 2008.

The quarry has operated since 1935 producing gypsum and natural rock. Traditionally it has shipped its products down the eastern seaboard.

India: With glass reinforced gypsum panels manufactured by FACT-RCF Building Products Limited (FRBL) growing popular, the joint venture company's turnover is expected to surpass US$2.95m during its current financial year.

The growth is significant given that the company's turnover was less than US$73,950 two years ago. During the previous financial year, turnover touched US$369,754, according to C P Dinesh, Managing Director of FRBL.

The sale of gypsum panels during the first nine months of its current fiscal year brought in US$665,233. About 100,000ft²/yr of panels is expected to be sold during the year. Dinesh said that gypsum panels had become acceptable in the country as an alternative to conventional building materials due to their environment friendliness and cost-efficiency.