China: Beijing New Building Materials’ (BNBM) operating revenue rose by 17% year-on-year to US$1.37bn in the first nine months of 2018. Its net profit grew by 31% to US$293m. However, both revenue and profit fell in the third quarter of 2018.

Germany: Gebr. Pfeiffer says it is planning to use its TRT Triplex dryer to partially calcine gypsum. Testing at the Gebr. Pfeiffer test station has yielded ‘positive’ results and further installations are being considered to explore the concept. The product uses the uniflow principle, where both material and hot gasses flow in the same direction and pass through the dryer tubes from the centre outwards.

The engineering company has received an order for a TRT 5000/8.0 Triplex dryer from Shree Cement in India. The dryer will be used to dry flue gas desulphurisation (FGD) gypsum from a captive coal-power plant for use in cement plants. In the planned dryer plant the moisture of the FGD gypsum will be reduced to a residual moisture of <2%. Artificial gypsum from the dryer will be used at other cement grinding plants in the country. The 50t/hr dryer will be installed at the end of 2018 and is expected to start commercial operation in mid-2019.

France: Saint-Gobain’s Interior Solutions division’s net sales grew by 4.2% year-on-year to Euro5.33bn in the first nine months of 2018 from Euro5.11bn in the same period in 2017. The group said that division performance in the third quarter of 2018 was driven by pricing. Western Europe progressed slightly despite lower volumes in the UK. In North America, the acceleration in price increases in the quarter reduced sales volumes. Asia and emerging countries reported good growth. Overall, the group’s sales rose by 1.8% to Euro31.1bn from Euro30.6bn.

“Saint-Gobain continues along its growth trajectory despite a tough comparison basis in the third quarter of 2017. Our focus on increasing prices – critical in an inflationary environment – continues to pay off. The industrial issues that had weighed on our profitability in the first half of the year are largely behind us,” said Pierre-André de Chalendar, chairman and chief executive officer (CEO) of Saint-Gobain.

US: USG shareholders have approved an agreement and plan to accept Knauf’s takeover of the company. Approximately 99% of all votes cast voted in favour of the adoption of the agreement, representing approximately 88% of all outstanding shares as of 21 August 2018. Adoption of the merger agreement by USG stockholders is a condition to the closing of the merger. The merger is subject to certain other customary closing conditions, including receipt of regulatory approvals. The company currently expects the deal to close in early 2019.