Gypsum industry news

India: USG Boral has appointed Sumit Bidani as the chief executive officer (CEO) of its Indian operations. He will also be responsible for developing the growth strategies and expansion of USG Boral across South Asia, according to Dataquest.

Sumit is a graduate from the Indian Institute of Technology, Madras and a post-graduate from XLRI, Jamshedpur. Prior to his role at USG Boral, Sumit was the Managing Director at Formica India and has held senior positions in global companies such as Colgate Palmolive, General Mills, and Shell Lubricants.

USG Boral India operates two plants in the country: a plasterboard and metal plant in Khushkhera, New Delhi and a joint compound and putty plant in Chennai.

Tunisia: Construction work has started on a gypsum plant at Ezzahra in Tataouine. The Euro10m plant will produce 300t/day of gypsum, according to African Manager. The unit is scheduled to start production in early 2020.

Switzerland: Saint-Gobain has ended its takeover battle for Sika by reaching an agreement with the company and the Burkard family. The deal will see it retain a 10.75% share in Sika. However, it has acquired Schenker-Winkler Holding’s 6.97% share from the Burkard family and it has sold this stake to Sika for Euro1.74bn. Saint-Gobain is expected to make a profit of Euro600m on this sale. Saint-Gobain will gain additional voting rights and all legal proceedings will be dropped. Saint-Gobain and Sika have also agreed to extend their business relationship in the future.

"This is a very positive settlement for Saint-Gobain, both from a financial and a strategic perspective. We materialise a substantial positive net result in excess of Euro600m for our shareholders. We also retain a minority stake in a great company and will enhance the relationship between the two groups," said Pierre-André de Chalendar, chairman and chief executive officer of Saint-Gobain.

Saint-Gobain attempted to takeover Sika through acquiring a share of the company owned by the Burkard family in 2014. However, legal counteraction followed and an attempt to transfer shares of Sika from the Burkard family was blocked by a Swiss court in late 2016.

US: National Gypsum will reopen its Wilmington, North Carollina wallboard plant which was idled in 2009. The company plans to spend US$25m on upgrading the site. The company also plans to build a rail spur into the plant to support despatch by railway. The site will use raw gypsum from the company’s quarry in Halifax, Nova Scotia in Canada.

"We expect to have the plant operational by the end of the year," said chief executive officer Tom Nelson. The company intends to use the plant to grow its specialty gypsum wallboard board product lines, which include mould and moisture-resistant features. Nelson thanked the Wilmington Business Development, New Hanover County Commission, and Wilmington City Council for assistance with the project so far. Thanks was also given to the North Carolina Railroad Company, the North Carolina Department of Transportation, and Duke Energy for their support.

US: The Gypsum Association has elected Charles R Harrison as the chair of its board of directors. Harrison is the Vice President Technology & Product Innovation of the Gypsum Division of Georgia-Pacific. Other appointments that have been elected include USG’s Albert R Zucco as the vice-chair of the board, CertainTeed Gypsum’s Peter Mayer as treasurer and the Gypsum Association's Stephen H Meima as the secretary. Continental Building Products’ Timothy Power is the past chair of the board. Officers were elected at the meeting of the Association’s board of directors in Jacksonville, Florida. All terms are for one year and are effective from 1 May 2018.