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Saint-Gobain Interior Solutions sales rise by 2.1% to Euro4.94bn in first nine months of 2016
Written by Global Gypsum staff
01 November 2016
France: Saint-Gobain's sales from its Interior Solutions division, comprising gypsum wallboard and insulation products, has risen by 2.1% year-on-year to Euro4.94bn in the first nine months of 2016 from Euro4.83bn in the same period in 2015. On a like-for-like basis the group said that its sales grew by 4.3%. It said that sales grew in all regions in the third quarter of 2016 and that despite a 'deflationary' environment prices remained under pressure in developed economies.
"The third quarter confirmed the upturn in volumes in Western Europe. France benefited from the steady improvement in new-builds; the UK showed no sign of weakness. Volumes continued to grow in US construction despite the lack of positive weather impacts for roofing in the quarter. Our businesses in Asia and emerging countries remained strong, delivering further robust growth. The price effect moved back into positive territory over the quarter, reflecting Saint-Gobain's strong positioning on its markets," said Pierre-André de Chalendar, chairman and chief executive officer of Saint-Gobain.
Overall, the group reported that its sales fell by 1.7% to Euro29.3bn from Euro29.8bn across all business lines although it said that on a like-for-like basis sales rose by 2.6%.
Sika board offers to buy stake from controlling shareholder
Written by Global Gypsum staff
01 November 2016
Switzerland: The board of directors of Sika has offered to buy out the stake of the Burkard-Schenker family in order to end a battle caused by the family's intention to sell its controlling stake to Saint-Gobain. Sika's chairman Paul Haelg announced plans to buy the family shares, in an interview with newspapers NZZ am Sonntag and Schweiz, saying that after a two-year dispute it has become obvious that no solution can be reached if all sides work against each other.
The announcement follows a ruling by the Cantonal Court of Zug on 28 October 2016 that blocked the sale of Burkard-Schenker's shares to Saint-Gobain. The family holds 16.4% of the capital and 52.6% of the voting rights of Sika. Saint-Gobain reacted to the ruling by saying that its board of directors continues to want to buy Sika and that agreement with the Burkard family is valid until June 2017 and can be extended until December 2018.
Knauf Vietnam inaugurates Hai Phong wallboard plant
Written by Global Gypsum staff
01 November 2016
Vietnam: Knauf Vietnam has officially inaugurated its 20Mm2 gypsum wallboard plant in the Dinh Vu Industrial Zone in Hai Phong. Frank-Walter Steinmeier, Federal Minister for Foreign Affairs of Germany, Le Thanh Son, Vice Chairman of Hai Phong People's Committee and Christian Berger, German Ambassador to Vietnam attended the opening ceremony amongst other dignitaries and representatives. Construction of the plant originally started in 2014.
"We have been in Vietnam for just over two years in which time we have set up an effective distribution network, with a strong customer base throughout the country. We are currently supplying the Vietnam market with our locally produced wallboard using leading German technology. All of our products have passed the strict requirements of TCVN 8256:2009 and ASTM C1396 and we have received a lot of positive feedback from our valued customers," said David Thomas, General Director of Knauf Vietnam.
Grenzebach signs plant deal with Classic Gypsum
Written by Global Gypsum staff
26 October 2016
India: Grenzebach BSH has signed a deal with Classic Gypsum of Kolhapur, Maharashtra to supply a plaster and plasterboard plant. No value for the contract has been announced. The deal was formalised at the 16th Global Gypsum Conference that took place in Bangkok, Thailand.
Canadian government to hasten review of wallboard dumping tariffs
Written by Global Gypsum staff
18 October 2016
Canada: The federal government has asked for a faster review of anti-dumping tariffs on gypsum wallboard imports. However, the new schedule isn't expected to immediately reduce the duties, according to the Canadian Press. The Finance Department says it wants to help middle-class families in Western Canada, especially those involved in the reconstruction of Fort McMurray, Alberta following wildfires earlier in 2016 that destroyed large numbers of buildings.
"I am grateful to hear the federal government is responding to our concerns and the concerns of people across Fort McMurray with the recent ruling by Canada Border Services Agency that effectively closed Western Canada from imported drywall,'' said Brian Jean, the leader of the opposition Wildrose Party in a statement. He added that his party will continue to ask the government to suspend the tariff during its review or exempt wallboard coming into Fort McMurray from the tax.
In September 2016 the Canada Border Services Agency imposed preliminary tariffs of up to 277% cent on US gypsum wallboard imported into Canada for use in British Columbia, Alberta, Saskatchewan, Manitoba and the Yukon and Northwest Territories. The agency said it was responded to a complaint by CertainTeed Gypsum Canada.