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Boral provides first half of financial 2014 trading update
Written by Global Gypsum staff
28 January 2014
Australia: Boral has announced that it expects net profit after tax (NPAT) before significant items for the first half of financial 2014 to be US$90m, subject to finalisation of an audit review.
The result is underpinned by favourable weather conditions in Australia, strong volumes from major projects, a significant turnaround in the performance of the Building Products division and benefits from prior year restructuring activities. For 2014, the company expects a significant skew of earnings to the first half of the year compared to the second half of the year, due to lower contributions from major projects and reduced contributions from Boral Gypsum. The latter is expected following the move from a 100% owned division to a 50% joint venture, upon completion of the transaction with USG during the second half of 2014.
Siniat opens new laboratory in UK
Written by Global Gypsum staff
21 January 2014
UK: Siniat has invested more than Euro300,000 in the construction of a new laboratory facility at its manufacturing plant in Portbury, Somerset.
The lab provides a high-specification environment for Siniat's production, maintenance and quality assurance teams and has enabled it to consolidate all three functions, which were previously based in different parts of the site, in one central, integrated location at the heart of the plant. Construction work began in May 2013 and is now complete, with the lab fully operational.
The facility will also act as an area where Siniat can welcome customers and other visitors to discuss its latest innovations and demonstrate key product performance capabilities such as fire and water resistance.
The project is just one step in a long-term vision for improving the site, says Stephane Mettavant, Plant Manager. "We've embarked on an ambitious programme of change for our Bristol plant since becoming Siniat (in October 2012). It's focused on improving facilities for our customers and our employees and creating an environment in which we can share our expertise."
"The programme has already delivered tangible results and helped us to streamline our processes throughout the plant," said Mettavant. "We have been successful in reducing the number of customer complaints we receive to industry-leading levels and the new lab represents the next stage of reinforcing that quality assurance.
Siniat was formerly known as Lafarge Plasterboard. It was acquired from Lafarge by Belgium's Etex group at the end of 2011 and began trading as Siniat in October 2012.
Belgips sold to Russia’s Volma
Written by Global Gypsum staff
21 January 2014
Belarus / Russia: Belarus-based Belgips was sold to Russia's Volma Corporation in accordance with Belarus President's Decree No 34 'Concerning public joint stock venture Belgips.' The decree was passed on 16 January 2014.
The decree provides for selling 1.98m Belarus-owned shares of Belgips, 99.5% of the authorised capital of the company, to Volma at a market price that was in effect on 1 April 2012, without holding an auction or a contest.
The deal was conditioned on Volma Corporation signing an investment agreement with Belarus. The investment agreement provides for the upgrade of Belgips' production facilities and construction of a plant to produce gypsum-based building materials in the village of Gatovo, Minsk District. In line with the document, the new facilities are to be constructed on a step-by-step basis simultaneously with the development, evaluation and approval of the necessary project documentation at every phase of the works.
The investment agreement provides that at least Euro43m will be invested by 1 July 2018. Euro24.7m of that amount is to be transferred to the Belarusian company by 30 June 2016. The investment will be used to upgrade the existing production facilities and to construct the new plant.
The gypsum wallboard production line is to be modernised within two years and its capacity increased to 10Mm2/yr. Apart from that, the plant to produce gypsum-based building materials in the village of Gatovo is to be built and commissioned by 1 July 2018. The plant will manufacture up to 500,000m2/yr of gypsum partition blocks, 100,000t/yr of dry mixes and 30Mm2/yr of gypsum wallboard. No jobs will be cut before 1 July 2018.
The Minsk City Council will earmark a land plot for Belgips to build and maintain the facilities stipulated by the investment project. The land plot will be provided without an auction and a 99-year lease agreement will be signed. The lease agreement on the land plot at Kozlova Street will be extended utill 1 July 2019.
The investors will not be able to use the shares of the Belarusian company at their discretion until they fulfill the obligations stipulated by the investment agreement. If the investors fail to fulfill the obligations, Belarus reserves the right to take back the shares on a non-repayable basis.
CertainTeed invites building professionals to enter international gypsum competition
Written by Global Gypsum staff
17 January 2014
US: CertainTeed has invited North American building professionals enter the ninth Saint-Gobain Gypsum International Trophy Awards, which are held every two years.
"We are always excited to review projects and recognise those that show creative and exceptional uses of CertainTeed gypsum products," said Dave Engelhardt, president of CertainTeed Gypsum. "The Saint-Gobain Gypsum International Trophy is a great way to show our appreciation and respect for the top talent among our building professional partners. Balancing the complexity of material performance specifications, meeting client needs and staying on time and on budget is a challenging feat. To further contribute to a project with an outstanding, notable design is worthy of recognition."
The competition promotes gypsum-related skills in the categories of innovation, residential, mixed use, sector specific, finishing applications and gypsum board craftsmanship and design.
CertainTeed will select the top projects completed or projected to be complete between April 2012 and February 2014 and work with principals on project presentations for the international competition. A representative from each of the chosen projects will be awarded an all-expense paid trip to Berlin, Germany to compete in the finals, meet counterparts from other countries and view projects submitted from around the world. The winning projects will also receive national and worldwide publicity, including press release and social media promotion.
National Gypsum halts plans for tyre-burning power plant
Written by Global Gypsum staff
13 January 2014
US: National Gypsum has halted its plans for a West Milton power generation plant fuelled by burning tyres due to the plummeting price of natural gas and protests from local residents.
National Gypsum planned to buy steam and electricity produced from the plant, but with the price of natural gas considerably lower, using the tyre-burning power generator no longer offered cost savings. The company stated that it still firmly believes the En-Tire project is environmentally sound and would have provided much-needed jobs, but that it must also consider the objections of the White Deer community, with which it has a good working relationship.
"I'm glad to hear that," White Deer township supervisor Don Wilver said. "That speaks well of them as a partner in the community."
The Tyre Burner Team, a group that vocally and persistently protested the plant, plans to share its steps with other organisations and remains ready to re-commit to stopping the project should any such plans emerge again.
En-Tire Logistics LLC of Bedford, Texas, which would have operated the facility, plans to pursue a tyre-derived fuel plant elsewhere in Pennsylvania. The company is disappointed over the demise of the White Deer Energy Project, said CEO Willess Vincent. "We will be looking for another site for the facility and will absolutely look in Pennsylvania," he said, but would not disclose where. Vincent signed the written request sent to the state Department of Environmental Protection to shelve the air-quality permit approval the agency had granted the project in September 2013.