Gypsum industry news

Canada: France-based Saint-Gobain has entered into an agreement to acquire Bailey Metal Products for US$649m. The group says that the structural framework producer will help to strengthen its lightweight construction offering. It said that Bailey Metal Products is a ‘long-standing partner’ that has previously supplied ceiling grids, frames and fasteners for its own lightweight construction products.

Egypt: The Egyptian government plans to expand the country’s Golden Triangle Economic Zone (GTEZ), a development region centred on mineral extraction. Gypsum is among the key products of the GTEZ, alongside phosphate, iron and gold. Zawya Projects News has reported that the government aims to establish a ‘comprehensive economic hub’ in the zone, including the development of residential, commercial and leisure facilities.