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Eagle Materials reports continued strong growth in sales volumes and earnings
Written by Global Gypsum staff
31 October 2013
US: Eagle Materials has reported financial results for the second quarter of fiscal 2014, which ended 30 September 2013. Total revenues were up by 53% to US$252.6m. Earnings before interest and income taxes (EBIT) were US$63.5m, an increase of 114% compared to the same quarter of the prior fiscal year.
Sales volumes were improved across all lines, with gypsum wallboard sales volumes of 51.5Mm2, an 11% increase from Q2 of fiscal 2013. This provided earnings of US$36.8m, a 52% increase from the same quarter of fiscal 2013. The earnings increase resulted primarily from the increased average net gypsum board sales prices, which were 21% higher.
Knauf Plasterboard opens distribution centre in New Zealand
Written by Global Gypsum staff
25 October 2013
New Zealand: Canterbury Earthquake Recovery Minister Gerry Brownlee has officially opened a distribution centre for Knauf Plasterboard in Christchurch. Kanuf's distribution centres in Christchurch and Auckland consists of a 5000m2 warehouse, showrooms and offices.
"Knauf Plasterboard is a competitive supplier to be reckoned with having significant scale and resource to enter a dominated market. An impressive worldwide operation, with two manufacturing facilities on Australia's eastern seaboard and superior technical expertise, puts Knauf Plasterboard in a strong position to service the growing needs of New Zealand's housing and commercial market," said Mark Norris, Managing Director, Knauf Plasterboard, Australia & New Zealand.
Norris also revealed that Knauf's rollout plans will include a network of independently-owned PlastaLink Trade Centres to sell Knauf products across New Zealand. The company was selected as a partner for the New Zealand government to rebuild Christchurch in January 2013 following the earthquake in 2011.
Boral and USG to form US$1.6bn joint venture
Written by Global Gypsum staff
17 October 2013
US/Australia: Boral and USG Corporation have entered into agreements to form a US$1.6bn joint venture producing wallboard in 12 countries across Asia, Australasia and the Middle East. Boral will contribute its Gypsum division to the joint venture, which includes its plasterboard operations in Australia and Asia. USG will contribute its Asian and Middle Eastern businesses, as well as exclusive access to its ceilings, cement board, fibre board, lightweight plasterboard and joint compound building products technologies in the joint venture's territory.
"The transaction is a major step forward for Boral and our vision is to create a world-leading interior linings business in Asia, Australasia and the Middle East," said Boral's CEO & Managing Director, Mike Kane.
The joint venture will be owned 50% by Boral and 50% by USG. In order to achieve an interest of 50% in the joint venture, USG will pay Boral up to US$575m in tranches. It will have a wallboard production capacity of 633Mm2/yr. The joint venture is expected to be completed by January 2014.
Management of the joint venture will be shared between Boral and USG with Frederic de Rougemont from Boral Gypsum who is appointed as CEO and Paul Monzella from USG Corporation who is appointed as CFO. USG will appoint the Chairman, Jennifer Scanlon, with the right to appoint chairman alternating between USG and Boral every two years.
Gebr.Pfeiffer to supply gypsum calcining mills to Abkhazia and Saudi Arabia
Written by Global Gypsum staff
17 October 2013
Abkhazia/Saudi Arabia: Grenzebach BSH GmbH has ordered two Gebr. Pfeiffer vertical roller mills, one MPS 140 GC and one MPS 180 GC, for gypsum grinding-calcining for its new works in the breakaway Georgian region of Abkhazia and in Saudi Arabia.
The two vertical roller mills are designed to attain throughput rates of 16t/hr and 35t/hr, respectively. They are slated for delivery in the first and second quarters of 2014.
Gyptech to open new corporate office on 17 October 2013
Written by Global Gypsum staff
11 October 2013
Canada: Gypsum Technologies Inc (Gyptech) will officially open its new corporate headquarters in Burlington, Ontario on 17 October 2013. The global supplier of wallboard process equipment and engineering services has built a new 2040m2 headquarters to meet corporate growth objectives and long-term goals. The company's manufacturing facility will remain in Mississauga, Ontario.
"We look forward to getting into the new building where we have a modern facility and the improved quality of life that Burlington offers," said Gary Murray, President and CEO of Gyptech.