Australia: Senex Energy has agreed a deal with CSR Gyprock to supply natural gas to its gypsum wallboard plant at Coopers Plains in Queensland. The agreement also covers gas supplies to CSR’s brick and insulation plants in the state. Under the initial three-year agreement, Senex will supply CSR Building Products, a subsidiary of CSR, with 0.65PJ/yr of gas, starting on 1 January 2020. CSR can extend the agreement by up to a further two years, taking the total contract quantity to 3.25PJ. Gas will be supplied at the Wallumbilla Gas Hub in Queensland at a fixed price in line with current market levels, indexed annually.

Serbia: Elektroprivreda Srbije, a government-owned power company, has completed a Euro14m terminal on the River Danube for its Kostolac B coal-fired power plant. The unit will be use to transport 105,000t/yr of synthetic gypsum and 157,000/yr of fly ash. It will also process limestone. The terminal was built as part of the first phase of a credit arrangement between Serbia and China.

Mexico: Saint-Gobain has completed the acquisition of Knauf Mexico for an undisclosed sum. Knauf operates a 26Mm2 gypsum wallboard plant at Queretaro that it purchased from PPG in 2017.

Belgium: Etex’s Building Performance division’s sales rose by 6.9% year-on-year to Euro1.65bn in 2018. It attributed this growth to the good performance of gypsum wallboard sales in most territories and especially in France, the UK and Central & Eastern Europe. However, challenging market conditions and competition were reported in Germany. Overall, the group’s revenue rose by 4.1% to Euro2.9bn from Euro2.78bn. Its earnings before interest, taxation, depreciation and amortisation (EBTIDA) fell by 9.5% to Euro391m from Euro432m. Issues with negative exchange rate effects and hyperinflation in Argentina were reported.

More Articles ...

Subcategories