Gypsum industry news

US: Beijing New Building Material (BNBM), Taishan Gypsum and Taian Taishan Plasterboard have reached a settlement agreement of up to US$27.7m in one of its on-going legal cases related to alleged defective gypsum wallboard. This agreement is with not more than 498 plantiffs connected to the Amorin case via the Southern District Court of Florida. Following receipt of the payment the plantiffs have agreed to waive all liabilities with respect to Taishan Gypsum.