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Oman Ministry of Energy and Minerals launches Taqa digital investment platform
Written by Global Gypsum staff
31 May 2024
Oman: The Ministry of Energy and Minerals has launched its Taqa digital investment platform. The Taqa platform will help to leverage digital technologies in the energy and minerals sectors. It includes investor packages for bidding, inspections and licence management. Gypsum quarries will be among sites included in an initial set of studies available on the platform.
Acting Director of the Petroleum Concessions Department Raya Al Abri said “This will allow investors and companies to bid transparently and within a fair competitive environment, based on technical expertise, financial solvency and value-added priorities.”
CGC breaks ground on Wheatland gypsum wallboard plant
Written by Global Gypsum staff
28 May 2024
Canada: USG subsidiary CGC has begun construction of its upcoming Wheatland gypsum wallboard plant in Alberta. The plant will be equipped with a captive solar power plant, and designed for maximum energy and water efficiency.
USG CEO Chris Griffin said "Today's groundbreaking marks a significant win for CGC operations in Western Canada and for our ambitious growth plans in Canada more broadly. This project underscores our commitment to being the best wallboard manufacturer to do business with, particularly as builders, governments and communities across Alberta and the West work to expand housing starts, accessibility and affordability."
GMS to buy Yvon Building Supply for US$144m
Written by Global Gypsum staff
17 May 2024
Canada: US-based GMS has agreed to acquire Yvon Building Supply and associated companies for US$144m. The deal includes Yvon Insulation, Yvon Insulation Windsor, Laminated Glass Technologies and Right Fit Foam Insulation. The transaction is expected to close in July 2024 and is subject to regulatory approvals and other closing conditions.
GMS expects to fund the purchase with cash and its established revolving credit facility. Once completed, the Yvon companies are expected to continue to operate under their existing brand names and under the leadership of current president, Tom Scott. In addition, Yvon will partner with GMS Canada’s Watson and Blair brands in the local market.
John C Turner, Jr, the president and CEO of GMS said, “We look forward to this transaction expanding our product and service offerings, including further expanding our Complementary Products category, in the fast-growing Greater Toronto Area and throughout southern Ontario.”
Chiyoda Ute to decrease price of recycled gypsum wallboard product
Written by Global Gypsum staff
17 May 2024
Japan: Chiyoda Ute plans to decrease the price of its recycled gypsum wallboard product in June 2024. It follows increased production and equipment improvements. The company launched the recycled product in 2023 and it said that it was the first product of its kind in the world to use 100% waste gypsum board collected from construction sites.
EuroChem launches latest phase of chemical complex project in Kazakhstan that will produce synthetic gypsum as a byproduct
Written by Global Gypsum staff
17 May 2024
Kazakhstan: Switzerland-based EuroChem has signed an agreement with China National Chemical Engineering for the design, construction and commissioning of a chemical complex in Janatas, Jambyl Region. The third phase of the ongoing project will see the building of a site that will produce synthetic gypsum and calcium chloride as byproducts of the main processes. These byproducts will then be used used in construction materials and as reagents for the road construction, coal and hydrocarbon industries.
During Phase I, a phosphate mining complex was built and commissioned. As part of Phase II, a contract has been signed and the company has started construction of a sulphuric acid facility to be commissioned in 2026. Following the realization of Phase III, in 2027, the group will launch a chemical complex. The combined total investment to date and planned capital expenditure will exceed US$1bn and the project is included in the Integrated Kazakhstan Industrialization Roadmap.
Oleg Shiryaev, the Group President of EuroChem, said “The total annual output will exceed 1Mt/yr of mineral fertilisers and associated industrial products. The products from the new complex will be in high demand in Kazakhstan, other Central Asian countries, as well as in China, Russia and European countries.”
EuroChem is a global fertiliser company that manufactures and supplies nitrogen, phosphate and potash products. It employs 32,000 people worldwide.