Gypsum industry news
Chiyoda Ute’s revenue remains stable to third quarter 09 February 2022
Japan: 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%.
Gypsum Association releases revised guidance on levels of finish for gypsum panel products 09 February 2022
US: The Gypsum Association (GA) has released its revised guidance on levels of finish for gypsum panel products (GA-214-2021). This document is intended to assist design professionals, contractors and building owners to more precisely describe in project documents the finishing requirements for walls and ceilings prior to the application of paints and other decorative finishes. It was last revised in 2015.
