Gypsum industry news

Vietnam: Yoshino Gypsum Vietnam has started building a US$50m gypsum plant at Phu My in Vietnam’s Ba Ria - Vung Tau Province. Sudo Eisaku, the chairman and chief executive officer (CEO) of Yoshino Gypsum Vietnam, said the project is a wholly-owned subsidiary of Japan’s Yoshino Gypsum, according to the Viet Nam News newspaper. The unit will supply gypsum products to the local construction market. The plant is scheduled to start operation in December 2020.

Spain: Knauf has launched its Knauf Fino product, a fine, high-performance for indoor use. It is classified as lightweight construction gypsum C7 / 20/2 according to the UNE-EN 13279-1 standard. It has CE Marking.

US: KPM Analytics has acquired Sensortech Systems. The purchase builds KPM Analytics’ portfolio of near infrared (NIR) technology and adds radio frequency (RF) products. Sensortech Systems’ products are used by customers around the world for real-time moisture measurement in process control across a variety of industries, including gypsum wallboard production. No value for the transaction has been disclosed.

“Sensortech is a natural extension to KPM’s Operating Companies; AMS Alliance, Unity Scientific, CHOPIN Technologies, Sightline Process Control and particularly Process Sensors Corporation” said Chris McIntire, the chief executive officer (CEO) of KPM Analytics.

Colin Hanson, the CEO of Sensortech Systems will remain in post following the acquisition, as will the management team. The company was originally incorporated in 1983. It is based in Oxnard, California.

Australia: Boral says that it may be ready to announce its plans with its USG Boral joint venture in August 2019. It is currently conducting due diligence on the joint venture’s operations in Asia following Knauf’s acquisition of USG in early 2019, according to the Australian newspaper. Forward options include established a new Asian joint-venture with Knauf or buying USG Boral’s gypsum wallboard business in Australia, New Zealand, Papua New Guinea and islands in the South West Pacific. However, Boral’s chief executive officer (CEO) Mike Kane said that there might not be enough time to arrange a deal by the publication of Boral’s full year results in August 2019.

India: GE Power India has been award a contract by Aravali Power worth US$107m for a flue gas desulphurisation (FGD) system. The contract is for design, engineering, civil work, supply, erection and commissioning of wet FGD systems along with auxiliaries like limestone and gypsum handling systems and wet stack on full turnkey basis.

Aravali Power is a joint venture company between NTPC, Haryana Power Generation Company and Indraprastha Power Generation Company. It operates a coal power station near Jharli, Jhajjar in Haryana with three 500MW units. An additional two 660MW units are planned for a future expansion project.