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Yau Woon Foong resigns as director of Sincap Group
Written by Global Gypsum staff
09 February 2018
China: Yau Woon Foong has resigned as an independent director of Sincap Group. His stated reason was, ‘…to pursue other interests.’ Sincap Group mines and sell gypsum in China as well as trading alumina and thermal coal.
USG profit down in 2017
Written by Global Gypsum staff
02 February 2018
US: USG’s operating profit fell by 7% year-on-year to US$367m in 2017 from US$394m in 2016. Its net sales rose by 6% to US$3.2bn from US$3.02bn. In the fourth quarter the company reported that wallboard volumes in the US increased approximately by 14% while prices declined by 4% year-on-year. It made a net loss of US$95m in the quarter, in part due to a US$138m income tax expense resulting from the Tax Cut and Reform Bill.
“We had an outstanding close to a solid year for USG. The combination of focused operational performance by our manufacturing facilities and a high level of service to our customers enabled us to profitably grow our business, with net sales increasing by 13% and adjusted operating profit by 10%,” said Jennifer F Scanlon, president and chief executive officer of USG.
Saint-Gobain inaugurates Jhagadia wallboard plant in Gujarat
Written by Global Gypsum staff
01 February 2018
India: Pierre-Andre de Chalendar, chairman and chief executive officer of Saint-Gobain, has inaugurated the company’s Jhagadia 30Mm2 gypsum wallboard plant in Gujarat. The plant is the largest wallboard plant in the country. Saint-Gobain’s local subsidiary, Gyproc, operates three other plants in Haryana, Maharashtra and Karnataka.
Canadian government grants environmental clearance for CertainTeed gypsum mine
Written by Global Gypsum staff
26 January 2018
Canada: The British Columbia government has granted an environmental assessment certificate for a 0.4Mt/yr opencast gypsum mine in West Kootenay proposed by CertainTeed Gypsum Canada. Construction of the project is expected to cost US$19m, according to the Canadian Press. Gypsum from the mine will be used to manufacture gypsum wallboard, cement and plaster products.
Knauf Gips Bukhara suspends production until March 2018
Written by Global Gypsum staff
25 January 2018
Uzbekistan: Knauf Gips Bukhara has suspended production of gypsum wallboard at its plant in Bukhara until 1 March 2018 while it builds a new production line. The upgrade is planned to increase the unit’s production capacity by 30%. It was originally scheduled for completion in 2017. Knauf has spent Euro40m on the project.
