US: Taishan Gypsum and its owner China National Building Material Company (CNBM) have reached a US$1.38m settlement with Meritage Homes of Florida. According to the terms of the agreement Taishan and its fellow subsidiary Beijing New Building Material (BNBM) have agreed to pay Meritage in instalments by the end of March 2018. In return Meritage has agreed to withdraw all claims and allegations against Taishan Gypsum and BNBM following full receipt of the payment.
