Gypsum industry news
India: Saint-Gobain India plans to invest US$759m – US$1bn between 2021 and 2025 to expand its light materials capacity. The Hindu newspaper has reported that the majority of the investments will go towards capital expenditure projects, while the remainder will fund new acquisitions and accelerate the company’s digitisation. It estimated that new acquisition will total US$144 – 150m in value.
India: The Industries and Commerce Department of the Andhra Pradesh state government has granted Saint-Gobain India an extension to the duration a package of financial incentives will be available for the construction of its new gypsum wallboard plant at Atchutapuram, Visakhapatnam. The company now has until June 2022 to commence commercial production, according to the Hindu newspaper. The producer’s total investment in the project is US$268m. When finally commissioned, the plant will employ 450 locals. It will also manufacture float glass.
Saint-Gobain India also received permission from the department to change its name to Saint-Gobain Industries.
