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Etex becomes sole shareholder of Pladur
Written by Global Gypsum staff
16 January 2018
Spain: Etex has become the sole shareholder of Pladur following the completion of a deal to buy all the remaining shares from Coemac. The deal was first announced in July 2017 and following customary closing conditions it closed on 22 December 2017. Pladur operates one gypsum wallboard plant near Madrid and it has been building a second plant at Gelsa that was due to open in mid-2017.
Gyproc launches wallboard recycling service in Ireland
Written by Global Gypsum staff
11 January 2018
Ireland: Gyproc has launched what it says is the country’s first wallboard recycling service at its Kingscourt plant in County Cavan. The subsidiary of Saint-Gobain hopes to recycle 0.5Mt of wallboard by 2028. It has spent Euro1.5m on the upgrade to the plant and it has increased the number of employees to 220.
“We’re very proud to be the first and only plasterboard manufacturer in the country to offer recycling of our products on the island,” said Brian Dolan, Managing Director of Gyproc. “As a market leader in this sector we are determined to be at the forefront of innovation in new products and services, and in the sustainability and environmental benefits of those services.” The manufacturer sources gypsum from its Drummond mine in County Monaghan.
Sika’s sales rise by 8.9% to Euro5.3bn in 2017
Written by Global Gypsum staff
09 January 2018
Switzerland: Sika’s sales rose by 8.9% year-on-year to Euro5.3bn in 2017 in local currencies. The chemical production company attributed this to a strong fourth quarter with positive development of business in all regions, investments in new factories, the creation of new national subsidiaries and the launch of new products. A record net profit figure is expected for the 2017 financial year. Particular growth in the fourth quarter was noted in the US, Mexico, Argentina, China, Southeast Asia, the Pacific, the Middle East, Eastern Europe and Africa.
“We expect to break new records for both the operating result and net profit. With nine new factories, three further national subsidiaries, and seven company takeovers, we have made significant investment in growth markets as well as in growth platforms in the form of product technologies and distribution channels. These 19 strategic investments, our pipeline with innovative quality products and our global presence – we now have 100 national subsidiaries and more than 200 factories – allow us to look toward the future with optimism,” said chief executive officer Paul Schuler.
National Gypsum, Eagle Materials and PABCO Building Products agree to US$125m settlement in competition claim
Written by Global Gypsum staff
04 January 2018
US: National Gypsum, Eagle Materials and PABCO Building Products have agreed to pay US$125m to settle claims that they fixed the price of gypsum wallboard. A preliminary motion to approve the settlement is scheduled to be filed in January 2018, said David Young, a partner at Cohen Milstein Sellers & Toll, a lead plaintiffs’ firm in the litigation, according to the Legal Intelligencer newspaper. The legal firm and others are representing wallboard customers, including distributors and installers.
The three wallboard producers are the last of seven defendants of a lawsuit that started in 2013. Previous deals with Lafarge North America, Temple Inland and USG bring the total amount of settlements for direct purchasers in the case to over US$190m. A seventh company, CertainTeed, was granted summary judgment in 2016.
Oman exports 6.76Mt of gypsum in first 11 months of 2017
Written by David Perilli
03 January 2018
Oman: Oman exported 6.76Mt of gypsum from January to November 2017. This compared to 4.86Mt from Thailand, according to Ramachandran, Director of USG Boral Zawawi Gypsum, an Oman-based producer and exporter of gypsum. This potentially marks a change to the gypsum export market in 2016 when Thailand exported 6.29Mt and Oman exported 5.6Mt. Other leading exporters in 2016 included Spain, Iran and Mexico.