Gypsum industry news

Ukraine: Saint-Gobain plans to build a gypsum wallboard plant in the Tlumach district of the Ivano-Frankivsk region. The Euro65m project includes the construction of two building materials units in the area, according to Interfax. A construction materials plant is scheduled for completion at the end of 2017 followed by a wallboard plant by early 2018. Both plants will be located near to the Khotymyr gypsum deposit. The new units are expected to create around 300 jobs.

Brazil: Saint-Gobain has finalised its purchase of the distribution network of Tumelero Materiais de Construção sales outlets in Rio Grande do Sul. The distribution company operates a portfolio of building materials and services for the construction industry including 29 sales outlets and nearly 1000 staff.

Following the acquisition Saint-Gobain says it will run the country's largest network of distribution sales outlets for home improvement products and services in Brazil with a total of 70 outlets operating under the Telhanorte, Telhanorte Conceito, Pro Telhanorte and Tumelero brands in 46 cities in São Paulo, Minas Gerais, Paraná and Rio Grande do Sul states. The transaction has been approved by the Brazilian competition regulator CADE.

Canada: Residents rebuilding their homes in Fort McMurray, Alberta will be compensated for duties liable on gypsum wallboard imported from the US. Federal Finance Minister Bill Morneau made the announcement, according to the Canadian Press. A source quoted by the agency said that it is part of the government's response to a Canadian International Trade Tribunal (CITT) ruling that lobbied it to cut duties imposed on wallboard products being imported into Western Canada from the US. The CITT ruled that gypsum wallboard imports from the US had 'hurt' the local industry in January 2017 but, in a separate ruling, it also recognised that competition had been 'substantially' reduced in Western Canada.

US: Thomas J Plath has been elected by the board of directors of International Paper to become Senior Vice President, Human Resources and Global Citizenship, from effect from 1 March 2017. Plath joined International Paper in 1991, serving most recently as Vice President, Human Resources, Global Businesses.

The company also announced the retirement of Thomas G Kadien, Senior Vice President, Human Resources, Government Relations and Global Citizenship. Kadien joined the company in 1978 and will retire effective 30 June 2017.

Switzerland: Sika's net sales rose by 4.7% year-on-year to Euro5.40bn in 2016 from Euro5.16bn in 2015. Its net profit rose by 21.8% to Euro533m from Euro437m. the company attributed this to growth in all regions.

"We continued our growth strategy with great success in the 2016 business year, once again increasing both sales and earnings. Operating profit, net profit and operating free cash flow reached new records. By opening nine new factories, establishing four more national subsidiaries and acquiring four companies, we have laid the foundations for ongoing future growth," said chief executive officer Jan Jenisch.