Items filtered by date: Friday, 08 December 2017
USG Boral to spend US$20m on upgrade in Vietnam 08 December 2017
Vietnam: USG Boral plans to invest US$20m towards upgrading its gypsum wallboard plant at the Hiep Phuoc Industrial Zone in Ho Chi Minh City. The project will increase the plant’s production capacity by 17Mm2 to 47Mm2 when it starts operation in September 2019.
"We have witnessed strong growth from this region so our decision to invest in the plant is a strategic one. We remain committed to building USG Boral's presence in Southeast Asia. This expansion will see USG Boral utilising our latest Sheetrock technology to provide superior building solutions for the Vietnam market," said Frederic de Rougemont, CEO of USG Boral.
USG Boral started wallboard production in Vietnam in 2006. It produces the Sheetrock, FireBloc, Durock and Firerock brands.
Wacker retains CEO Rudolf Staudigl 08 December 2017
Germany: Wacker Chemie’s Supervisory Board has re-appointed Rudolf Staudigl as the company’s president and chief executive officer (CEO) for another three-year term from October 2018. It also extended the contract of Christian Hartel, who joined the Executive Board in 2015, until 2023.
Staudigl, aged 63 years, studied chemistry at the Ludwig-Maximilians University in Munich and obtained a PhD in chemistry in 1981. After research posts at Harvard University in Cambridge, Massachusetts in the US and then Ludwig-Maximilians University, he joined Wacker Siltronic in 1983. He became vice president of operations at Wacker Siltronic Corporation in Portland, Oregon in the US in 1989, and president a year later. Staudigl joined Wacker Siltronic AG’s Executive Board in 1993. In 1995, he was appointed to Wacker-Chemie’s Executive Board. Since 2005, he has been an Executive Board member of Wacker Chemie AG and, in May 2008, he became president and CEO.
Hartel, aged 46 years, studied chemistry at the University of Constance. After earning his doctorate at the universities of Geneva and Frankfurt am Main, he began his career in 2000 at management consultants Bain & Company. In 2003, he moved to Corporate Development at Wacker. After various management positions at Wacker Biosolutions and Wacker Silicones, he became head of Raw Materials Procurement in 2010 and president of Wacker Silicones in 2012. In November 2015, Hartel was appointed to the Executive Board of Wacker Chemie.