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News Displaying items by tag: investment

Gypsum industry news

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Trevo Drywall appoints Wilson Soares as CEO

08 May 2025

Brazil: Trevo Drywall has named Wilson Soares as its new CEO. In the role, Soares will be responsible for leading the US$25m expansion of the group’s 16Mm²/yr Juazeiro do Norte gypsum wallboard plant. The unit’s capacity will increase to 30Mm²/yr by 2026. The company subsequently plans to build a second plant.

Prior to joining Trevo Drywall, Soares served as general director of packaging producer Smurfit Westrock and industrial director of its Brazil-based subsidiary WestRock Brazil. His 29-year career also includes positions at food producer Danone and beverages producer Ambev. Soares holds a Master’s of Business Administration (MBA) from Fundação Dom Cabral and a degree in mechanical engineering from Rio de Janeiro State University.

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Saint-Gobain North America wins Silver Stevie Award at American Business Awards

07 May 2025

North America: Saint-Gobain North America has won a Silver Stevie Award in the Large Manufacturing Company of the Year category for its circularity initiatives, rapid growth and commitment to US industrial development. 3BL News has reported that the company will claim the prize at the 23rd annual American Business Awards ceremony in New York City later in 2025.

The recognition comes as Saint-Gobain celebrates its 360-year anniversary. It has invested a combined US$400m in plant expansions and upgrades scheduled to come online in 2025, including building North America’s first carbon-neutral gypsum wallboard plant at its Montreal facility in Quebec, Canada.

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Alier to build new recycled paper plant in Zaragoza

28 April 2025

Spain: Wallboard liner manufacturer Alier has won €9.6m in European Regional Development Fund funding for an upcoming recycled paper plant in the Lopez Soriano Recycling Technology Park in Zaragoza. Spanish Collection News has reported that the plant forms part of the Gypsum Board 5.0 circular wallboard project. Alier expects to invest €40m in the project altogether.

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Siniat inaugurates new line at Bristol gypsum wallboard plant

17 March 2025

UK: Etex subsidiary Siniat has inaugurated a new line at its Bristol gypsum wallboard plant in the West of England. The plant will produce 98% of Siniat’s portfolio of wallboard products for the UK and Ireland markets. It will incorporate 45% recycled content in its products, with zero waste to landfill. The company said the upgrade to the plant cost €200m.

Belgium-based Etex says that the inauguration marks its single largest production investment in its history.

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Industrial House for Building Materials announces upcoming Sinai gypsum wallboard plant

27 February 2025

Egypt: Industrial House for Building Materials has signed a contract with the General Authority of the Suez Canal Economic Zone to build a new factory in Sinai’s Technology Valley in East Ismailia. Arab Finance News has reported that the producer will invest US$12m to build the plant. When operational, it will produce 4Mm2/yr of gypsum wallboard, 900,000t/yr of plaster and 60m bags annually. Industrial House for Building Materials expects to export 80% of the plant’s total production.

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Cimpor Global to build gypsum plant in Kribi

19 December 2024

Cameroon: Cimpor and the government of Cameroon have signed an agreement to set up a gypsum plant in Kribi, South Cameroon. TCTBC News has reported the investment value of the plant as US$62.5m. The Cameroon Investment Promotion Agency and the Cameroon Türkiye Business Council facilitated the agreement.

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Saint-Gobain Building Products Ukraine inaugurates Ivano-Frankivsk plaster plant

18 November 2024

Ukraine: Saint-Gobain Building Products Ukraine, an importer and distributor of gypsum products in Ukraine, has inaugurated its new 60,000t/yr Ivano-Frankivsk plaster plant. LIGA Business News has reported that the plant cost €11m, will employ 50 people and produce plaster mixes for sale under the Rigips brand.

Saint-Gobain Poland and Ukraine president Joanna Czynsz-Piechowiak said "The opening of the first Saint-Gobain plant in Ukraine is an important step for our company. Even in difficult times, we continue to move forward and invest in the future.”

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Knauf Egypt to build new US$86m gypsum products plant

29 October 2024

Egypt: Knauf Egypt is planning to invest US$86m in the construction of its upcoming third gypsum plant. Al Mal News has reported that the unit will double Knauf Egypt’s total production capacity of products including gypsum wallboard. It will raise the company’s installed gypsum wallboard capacity to 60Mm2/yr. The upcoming plant will serve both domestic and export markets. Knauf Egypt currently sells its wallboard in 13 countries, including Greece, Morocco and South Africa.

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Trevo Drywall to expand Juazeiro do Norte plant

25 October 2024

Brazil: Trevo Drywall plans to invest US$25m in an expansion to its Juazeiro do Norte gypsum wallboard plant, scheduled for commissioning in 2025. This will initially raise the plant's capacity to 20Mm²/yr, and subsequently to 30Mm² by 2026. The expanded plant will be equipped with a new enterprise resource planning system to assist with the increased automation of its operations. Trevo Drywall also plans to build a second plant, the location of which is subject to on-going evaluations.

Chief financial officer Gabriel Rodrigues Granja de Alencar said "We will also strengthen compliance tools and soon announce the creation of a people development programme."

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Knauf’s Baltic business raises turnover in 2023

29 July 2024

Latvia, Lithuania & Estonia: Germany-based Knauf’s Baltic business generated a turnover of €108m in the Baltic region in 2023, up by 4% year-on-year. The company’s regional profit grew by 34% to €19.5m. Baltic Business Daily has reported that Knauf’s Baltic sales volumes declined, amid a contraction in the local building market, with new building permits down by 30% year-on-year in the first half of the year. Knauf raised its regional investments to €5.8m, while its personnel costs rose by 3% year-on-year. Nonetheless, the company’s energy costs fell by 19%, and its raw materials costs fell by 7%.

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