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Gypsum Association elects Timothy Power as chair of its board
Written by Global Gypsum staff
02 May 2017
US: The Gypsum Association has elected Timothy Power as the chair of its board of directors. Power is the Senior Vice President and General Counsel of Continental Building Products. Other appointments that have been elected include Georgia Pacific's Charles R Harrison as the vice-chair of the board, USG's Albert R Zucco as the treasurer and the Gypsum Association's Stephen H Meima as the secretary. American Gypsum Company's Peter Bauser is the past chair of the board. Officers were elected at the recent meeting of the Association's board of directors in Albuquerque, New Mexico. All terms are for one year and are effective from 1 May 2017.
Thomas Kinisky appointed president and chief executive officer of Saint-Gobain in North America
Written by Global Gypsum staff
02 May 2017
US: Thomas Kinisky has been appointed as the president and chief executive officer (CEO) of Saint-Gobain Corporation, Saint-Gobain's holding company in North America. He has also been appointed as the Senior Vice President for Saint-Gobain and is a member of the company's Global Management Committee. Kinisky assumed the position earlier in 2017 when he succeeded John Crowe. Crowe was also the president and CEO of Saint-Gobain's subsidiary CertainTeed. He has been succeeded in these roles by Benoit Bazin, who will also continue to serve as the global President of the Construction Products Sector and Senior Vice President for Saint-Gobain.
Kinisky joined Norton Company in 1989 before its acquisition by Saint-Gobain in 1990. He spent over a decade working in research and development in various roles, including Vice President of Technology and New Business Development for the company's Abrasives Division, before assuming the role as president for Saint-Gobain Crystals in 2002 and Saint-Gobain Performance Plastics in 2008.
He holds a Bachelor of Science in chemistry from Pace University and a Master of Science in materials science from New York University (Polytechnic University). He has authored technical publications and holds five US patents.
USG profits hit by rising costs in first quarter of 2017
Written by Global Gypsum staff
28 April 2017
US: USG's profit has been reduced due to rising commodity costs in both its gypsum and ceiling businesses. Its operating profit fell by 22% year-on-year to US$91m in the first quarter of 2017 from US$116m in the same period in 2016. Its net sales rose by 2.7% to US$767m from US$747m, roughly in line with its sales revenue growth in 2016 as a whole. The group reported that US gypsum wallboard volumes decreased by 4% in the quarter. Domestic wallboard manufacturing costs increased by US$16m due to rising waste paper and synthetic gypsum input costs.
"We had sound operational performance in the first quarter and we are seeing solid demand for our products," said Jennifer F Scanlon, president and chief executive officer. "I am encouraged about our prospects for the balance of the year, despite the uptick we are seeing in commodity costs."
Asia and emerging markets lead growth for Saint-Gobain in first quarter of 2017
Written by Global Gypsum staff
27 April 2017
France: Saint-Gobain has reported sales growth in all main territories in the first quarter of 2017, led by Asia and its emerging markets. Net sales for its Interior Solutions division rose by 6.2% year-on-year to Euro1.71bn in the first quarter of 2017 from Euro1.61bn in the same period of 2016. This was supported by rising prices in a 'strong cost inflation environment.' Overall the group's net sales rose by 7.6% to Euro9.14bn. Notable geographical trends included a recovery in France and a continued poor market in Brazil.
"The first quarter saw robust trading. The good momentum in sales volumes observed in 2016 continued at the start of the year in all business sectors and regions. France benefited from the recovery in new-build activity, while other Western European countries delivered further growth. North America and emerging markets had a good start to the year. The group continued to pursue its priorities, focusing particularly on sales prices amid a more inflationary backdrop," said Pierre-André de Chalendar, chairman and chief executive officer of Saint-Gobain.
Production at Eternit’s Peruvian plant hit by El Niño
Written by Global Gypsum staff
19 April 2017
Peru: Production at Eternit's gypsum wallboard plant in Lima has been disrupted by extreme weather related to the El Niño cycle. Production of the Gyplac drywall brand was affected when the district the factory is in flooded in late March 2017, according to the El Comercio, newspaper. The flooding also hit the company's logistic network.