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USG sales rise by 3.5% to US$3.02bn in 2016
Written by Global Gypsum staff
07 February 2017
US: USG's net sales have risen by 3.5% year-on-year to US$3.02bn in 2016 from US$2.91bn in the same period in 2015. Its net income fell by nearly half to US$510m from US$991m. Net sales of gypsum rose by 4.6% to US$2.14bn from US$2.04bn.
"We are in a stronger financial position than we have been in for many years," said Jennifer F Scanlon, president and chief executive officer (CEO) of USG. "In 2016 we expanded adjusted operating margins in our Gypsum, Ceilings, and USG Boral businesses. We finished the year on a high note by paying off US$900m of debt."
Hamburger Containerboard spends Euro20m on upgrade at Gelsenkirchen plant
Written by Global Gypsum staff
31 January 2017
Germany: Hamburger Containerboard has restarted production at its Gelsenkirchen plasterboard plant following a Euro20m upgrade project. The plant can now produce 0.25Mt/yr of uncoated containerboard, an increase of 20% from previously. During a three week shutdown the production width was widened to 5m and the film press and drying section were updated. In addition, a new pope reeler for wider tambour diameters and an upgraded soft-nip-calander were installed.
"With the restart at the start of the year we are happy to be online with probably one of the most efficient machines in the market again," said Andreas Noss, general manager of Hamburger Rieger.
Hamburger Rieger, with its three German paper mills in Spremberg, Gelsenkirchen and Trostberg is part of the Hamburger Containerboard Division with a total of seven paper mills and 2Mt/yr of produced container board. The Gelsenkirchen plant produces white testliner and grey plasterboard liner.
Eagle Materials revenue up by 5% to US$933m in first nine months of 2017 financial year
Written by Global Cement staff
26 January 2017
US: Eagle Materials revenue has risen by 5% year-on-year to US$933m in the first nine months of its financial year to 31 March 2017 from US$891m in the same period in the previous year. Its net earnings rose by 43% to US$162m from US$113m. Sales from its cement division rose by 7% to US$359m from US$335m. However, sales volumes fell slightly to 3.89Mt. Sales from its gypsum wallboard and paperboard division grew by 7% to US$440m from US$411m. Sales volumes of gypsum wallboard rose by 7% to 175Mm2 from 164Mm2.
Kazupak Trade opens gypsum plant in Kazakhstan
Written by Global Gypsum staff
26 January 2017
Kazakhstan: Kazupak Trade has released information about the construction of its 500t/day gypsum plant in Taraz. Construction work at the site started in 2015 and it was commissioned in October 2016. Equipment for the plant was bought from Turkey's Erişim Makina. The plant started full operation in November 2016. The gypsum producer intends to build a second production line within the next 10 years. It sells gypsum under the brand 'Kazgyps.'
Gulf Mining Group planning to build wallboard plant in Salalah
Written by Global Gypsum staff
23 January 2017
Oman: The Gulf Mining Group is considering building a gypsum wallboard plant in Salalah. The project is part of a portfolio of planned investments scheduled for 2017 and 2018 announced by the company, according to Al-Bawaba News. Other schemes include a potash mine, a calcium carbonate project, a ferro-manganese smelter and a manganese beneficiation facility.