Gypsum industry news
Benoit Bazin to become CEO and chair of Saint-Gobain
07 December 2023France: Saint-Gobain’s chief executive officer (CEO) will also become the company’s chair after the next general shareholders meeting in June 2024. He will succeed Pierre-André de Chalendar in the role, who is preparing to retire. Independent director Jean-Francois Cirelli will also be appointed as vice-chair at the meeting.
The France-based company said that its board of directors have been working since 2021 to enhance the effectiveness of the group's governance and the independence of the board by restructuring the balance of power within it. A Lead Independent Director will also be appointed in June 2024 with additional powers and the proportion of independent directors on the board will be increased, subject to a vote.
Two GMS directors win US corporate board awards
21 September 2023US: Two members of GMS’ board of directors, Peter Browning and Teri McClure, have won national awards for corporate leadership. Browning won the National Association of Corporate Directors’ Lifetime Achievement Award, which recognises commitment to the improvement of corporate governance. Meanwhile, McClure won DirectWomen’s Board Excellence Award for women lawyers who have served with distinction.
GMS chair John Gavin said "On behalf of the entire board of directors of GMS, I congratulate Peter and Teri for these well-deserved honours. It is gratifying to see that organisations like these recognise the incredible talent that we on the board get to experience every day. The selections of Peter and Teri for these important distinctions speak not only to this level of talent but also underscore our commitment to the highest level of corporate governance standards and promoting diversity and corporate governance principles. We are fortunate to have directors of such high calibre serving on our Board and benefit from their extensive knowledge and experience."
USG Boral Middle East rebrands as USG ME
02 December 2022Saudi Arabia: USG Boral Middle East has rebranded as USG Middle East (USG ME) with the tagline ‘Innovative Solutions Everytime.’ The company is a joint venture between Knauf-subsidiary USG and Juman Industrial Investment Company. It was originally founded in 1985 and later become part of USG Boral. It produces gypsum wallboard, ceiling, interior finishing, substrate and metal framing products.
Saint-Gobain Interior Solutions portfolio brings together gypsum wallboard and insulation brands in the UK
15 July 2022UK: Saint-Gobain has brought its British Gypsum, Celotex and Isover gypsum wallboard and insulation brands together under the Saint-Gobain Interior Solutions portfolio. The marketing labelling is intended to allow customers to access products, solutions and services.
Dean O’Sullivan, the managing director of Saint-Gobain Interior Solutions, said “This collective three-brand approach allows customers to access the know-how and expertise of each brand in one place, through our dedicated sector and sales teams. This will bring a range of benefits to our customers, allowing us to provide even better support, with even simpler access to our market-leading systems and products.” He added, ”Each brand continues to play an important part, but by having a single point of contact and sector specific teams, we are confident our customers will realise the strength in collaboration and solutions that ultimately help them meet their needs for outstanding performance, longevity and value.”
Japan: Chiyoda Ute has issued a share sales request as part of ongoing plans to form a joint-venture with Germany-based Knauf. Knauf is expected to acquire the outstanding shares. Shares in Chiyoda Ute will then be delisted in late July 2022. The move follows a tender offer from Knauf that was issued in April 2022. The eventual plan is form a joint-venture between the companies with Knauf holding a 75% share.
Knauf has no plans to leave Russian market
04 March 2022Russia/Ukraine: Jörg Schanow, a member of the management board of Knauf, says that the company has no plans to leave the Russian market. In an interview with the Süddeutsche Zeitung newspaper he said that Russian production sites were still running as normal.
The company has set up crisis management team since the start of the war in Ukraine in late February 2022. It has been meeting daily and discussing the situation with local management in Russia. Schanow said that the biggest business problem so far was the effect of US and European economic sanctions upon Russian banks and the consequences upon moving money between banks, suppliers and customers. The Germany-based company employees 3900 staff at 14 sites in Russia. It originally purchased a gypsum plant at Krasnogorsk near Moscow in 1993.
Knauf also has operations in Ukraine. It closed its gypsum wallboard plant in Donbass in response to the current war on 24 February 2022 ‘as a precaution,’ according to the TZ newspaper. The staff were sent home and the plant will remain closed into further notice. The plant had 589 employees at the end of 2021, none of whom where German nationals.
Chiyoda Ute’s revenue remains stable to third quarter
09 February 2022Japan: Chiyoda Ute’s revenue remained stable at US$165m in the first nine months of its financial year to 31 December 2021. Its net profit grew by 53% year-on-year to US$5.37m from US$3.52m in the same period in 2020. The gypsum wallboard producer reported that domestic house building had grown from March to December 2021 in tandem with a relaxation in coronavirus health measures from September 2021. It said that national gypsum wallboard shipping volumes grew by 2.4% to 344Mm2 in the nine months to 31 December 2021. It added that due to the capital and business alliance it started with Knauf Group in January 2020 it viewed its future prospects as ‘competitive.’ In late 2019 the Germany-based construction materials company increased its shareholding in Chiyoda Ute to 45% from 26%.
TORXX Kinetic Pulverizer launches subsidiary called TORXX Kinetic
06 December 2021US: Canada-based Building materials recycling equipment supplier TORXX Kinetic Pulverizer has launched TORXX Kinetic, a new wholly owned subsidiary. The company’s headquarters are in Chattanooga, Tennessee. TORXX Kinetic Pulverizer chose the location in order to be closer to its customer base.
Vice president Terri Ward said that in 2021 “Covid-19 pandemic-related travel restrictions hindered growth, with our North American headquarters in Canada and most of our customers and new opportunities in the US.” Ward continued “We are maintaining a presence in Toronto with engineering and service resources. However, key personnel and new hires are now in the US, making it much easier to collaborate and respond to customer needs. We were attracted to the Scenic City because of its favourable manufacturing and transportation resources, proximity to our customers, and its appeal to our valued employees.”
TORXX Kinetic Pulverizer’s kinetic pulveriser is a waste processing technology which relies on aerodynamics and matter-on-matter collisions for particle size reduction. Vortices agitate feedstock, causing more brittle material to shatter while less brittle material remains larger. This size differential facilitates the liberation and mechanical separation of contaminants.
Kobots to open investment campaign
29 September 2021Denmark: Gypsum wallboard cutting robot producer Kobots is preparing to seek external investment via UK-based equity crowdfunding platform Seedrs. The supplier is seeking to raise Euro1.4m to fund international expansion. The company launched its Amigo robot in 2020. It was developed by Danish carpenter Peter Hartvigsen to automatically cut drywall using measurements entered in a phone app.
Amigo robots are currently delivering on a 40,000m2 gypsum wallboard cutting contract for the Lighthouse housing development in Copenhagen. The supplier says that its equipment eliminates the dustiest task in gypsum wallboard preparation for construction work. It has already secured a partnership with Australia-based James Hardie.
Developer Peter Hartvigsen added “Any company that has had a demo of Amigo has either purchased or leased the robot.”
Australia: Boral has rejected a proposed US$5/share takeover bid by Seven Group Holdings. The building materials producer received the bid on 10 May 2021 and then rejected it the following day, according to the Financial Review newspaper. Seven Group Holdings started buying shares in Boral in March 2020 and reached a 23% stake in the company by April 2021. Boral has continued a share buy-back programme it commenced in April 2021 as part of its response to the takeover attempt. Sources quoted by the newspaper also expect Boral to work with investment bank Jarden Australia in retaliation to Seven Group Holdings’ actions.