Mexico: Saint-Gobain has entered into a definitive agreement to acquire construction chemicals producer Ovniver Group for US$815m. The parties expect to conclude the deal in early 2025. Ovniver Group produces its CeMix brand adhesives, renders, surface preparations and waterproofing products across 16 sites in Mexico, Guatemala, Honduras and the US.
Ovniver Group recorded revenues of US$285m in 2023, with an average annual growth rate of 20% over the past five years.
Saudi Arabia: National Gypsum Company’s sales rose by 19% year-on-year to US$8.76m in the first half of 2024, Arab News has reported. Nonetheless, its net profit dropped by 18% to US$450,000.
Oman: The Ministry of Energy and Minerals has announced an auction of four gypsum mines in Thamrait, Dhofar Governorate. Zawya News has reported that the total area of the mines is 27km2. Preliminarily assessment of the sites has already taken place. Prospective bidders can participate in the auction through the ministry’s Taqa digital platform.
Peru: France-based Saint-Gobain has submitted a technical report for a proposed upgrade to its Huachipa facility. The project aims to optimise production and secure compliance with environmental regulations. Noticias Financieras News has reported that the work will cost US$259,000 and take up to eight weeks complete.
