Gypsum industry news
France/Switzerland: Saint-Gobain has extended its agreements with the Burkard family relating to the sale of the shares of Schenker-Winkler Holding (SWH), which holds the majority of Sika voting rights, to 31 December 2017. Saint-Gobain will then have the right to extend the agreement up until 31 December 2018. The building products manufacturer said that that the further extension reflected its determination to eventually buy Sika.
Saint-Gobain has attempted to buy Sika since at least 2014. An attempt to transfer shares of Sika from the Burkard family was blocked by a Swiss court in late 2016.
Habesha Cement to produce gypsum wallboard 06 April 2017
Ethiopia: Habesha Cement plans to produce gypsum wallboard. In an interview with the Capitol Ethiopia newspaper Mesfin Abi, the chief executive of the company, announced plans to target the imported market locally and export wallboard also. Habesha Cement operates a 1.4Mt/yr cement plant near to Addis Ababa that is expected to start selling products locally in the coming weeks.