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News Displaying items by tag: investment

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Dahab Sinai commences plaster production at Suez plant

19 November 2021

Egypt: Dahab Sinai says that it has commenced pilot production at its 0.18t/yr plaster plant in the Suez region. The company invested around US$18m in building the unit. In early 2019 it was reported that Dahab Sinai ordered a gypsum production plant from Germany-based Claudius Peters. Rowad Tourism holds the 64% majority stake in Dahab Sinai.

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Saint-Gobain plans US$400m investment in US expansions

11 November 2021

US: Saint-Gobain plans to invest a total of US$400m in expansions to its operations including gypsum operations at four US sites. The group says that the sites are located in California and the Southeastern US. It said that the new capacities will apply the most advanced available technologies for industrial performance, safety and sustainability. This will reduce waste by 50% and CO2 emissions by 20% from current levels, according to the company.

Saint-Gobain said it hopes that the investments will strengthen its leadership in North America and accelerate its growth in the region by enriching its comprehensive range of solutions for light and sustainable construction.

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Cohiba Minerals secures Pyramid Lake mine lease extension and recommences expansion application

28 October 2021

Australia: Cohiba Minerals has received notification that it has successfully secured a 5-year extension of its exploration licence for its Pyramid Lake gypsum mine in south-western Western Australia. The new lease will expire on 4 July 2026.

The company says that it has recommenced its application for a mining lease for the high-grade area of the Pyramid Lake mine, which is not covered by its present lease. It says that it had previously delayed the process due to a change in its application conditions.

Cohiba Minerals previously announced the planned expansion in December 2020 as part of a countrywide expansion of its extraction activities, towards which it was raising US$1.5m through a share purchase plan.

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Kobots to open investment campaign

29 September 2021

Denmark: Gypsum wallboard cutting robot producer Kobots is preparing to seek external investment via UK-based equity crowdfunding platform Seedrs. The supplier is seeking to raise Euro1.4m to fund international expansion. The company launched its Amigo robot in 2020. It was developed by Danish carpenter Peter Hartvigsen to automatically cut drywall using measurements entered in a phone app.

Amigo robots are currently delivering on a 40,000m2 gypsum wallboard cutting contract for the Lighthouse housing development in Copenhagen. The supplier says that its equipment eliminates the dustiest task in gypsum wallboard preparation for construction work. It has already secured a partnership with Australia-based James Hardie.

Developer Peter Hartvigsen added “Any company that has had a demo of Amigo has either purchased or leased the robot.”

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Knauf to invest Euro80m in Tunisia

16 April 2018

Tunisia: Prime minister Youssef Chahed has met with Alexander Knauf, the chairman of Germany’s Knauf. Knauf plans to invest Euro80m and create over 300 jobs in gypsum projects based in the governates of Tataouine and Sidi Bouzid, according to African Manager. Knauf has operated a plaster business in the country since 2004.

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Local government approves incentives package for National Gypsum’s Wilmington plant to reopen

06 April 2018

US: The commissioners of New Hanover country in North Carolina have approved a US$0.35m incentive package for National Gypsum to open its Wilmington wallboard plant. The package will be offered over five years if the wallboard producer meets benchmarks that include investing US$25m in the plant and hiring at least 51 people at the site, according to the Star News newspaper. The city of Wilmington is also considering offering a package of US$0.23m. However, pollution concerns have been aired at public hearings about re-starting the plant.

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Grupo Etex to invest US$77m in production activities

12 October 2017

Colombia: Grupo Etex is projected to invest US$77m in its production activities. 50% of the funds will be used to increase productivity, with 25% allocated to innovation and further 25% invested in safety and maintenance. According to the manager of Grupo Etex, Mauricio Lopez, the company will focus on rural housing in Colombia, the demand for which continues to grow thanks to the recent peace agreement and development of the agricultural industry.

Furthermore, Lopez anticipates a growth in exports to Venezuela and Ecuador, as well as the Caribbean and Central American regions in 2018, motivated by the recent devastation caused by a series of hurricanes. Currently, Grupo Etex is experiencing a strong demand from Puerto Rico, especially for Superboard cement panels and gypsum wallboard.

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Knauf to invest extra US$5m in Tanzania

28 June 2017

Tanzania: Knauf plans to invest an additional US$5m in a production site in Mkuranga district. The German company has already invested US$10m into the unit, according to the Citizen newspaper. The company started operations in the country in 2014 and it employs over 150 people. It is its first unit in Sub-Saharan Africa.

Zachopoulos Georgios, the managing director for East Africa, said that the subsidiary sources most of its raw materials locally and that it mines gypsum in the south of the country. He added that the company is focusing on promoting regular gypsum boards of 9mm and 12mm and boards of 12.5mm for moisture-resistance and fire resistance for the East African region. It will also offer other products from its portfolio, including related powder, steel sections, screws and tape offerings. The company exports 8% of its production at present and it hopes to increase this to 20 – 30% in the coming years.

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Eternit Perú to invest US$7.8m by 2020

17 May 2017

Peru: Eternit Perú plans to spend around US$8.7m towards security, technology and plant productivity by 2020. Over half of this investment, US$4.4m, will be spent in 2017, according to the El Comercio newspaper. The building materials producer intends to double its gypsum wallboard business by 2020 and it has started a new marketing campaign to support this aim. It has recently won a government tender to build 2600 temporary homes using its wallboard system and it also plans to start exporting products to New Zealand in the short term.

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Alier approves debt-restructuring plan

12 August 2016

Spain: Alier has announced an agreement with creditors to restructure its debts. The agreement, to be officially settled in court, will make it possible for the plasterboard liner producer to continue the investment plan on industrial modernisation and quality improvements. The deal, supported by the major creditor banks, was made with the majority of the creditors on 28 June 2016.

Alier has forecast that its production of plasterboard liner for the gypsum wallboard industry will be 155,000t in 2016. Following its expansion plan this could reach 200,000t.

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