Romania: A Romanian investment fund, SIF Muntenia, has sold its 10.3% stake in Lafarge Agregate Betoane to its majority owner, Lafarge, for Euro1.3m. Lafarge bought 619,148 shares of Lafarge Agregate Betoane from SIF Muntenia at a price of Euro2.07/share. Lafarge Agregate Betoane quarries ornamental and building stone, limestone, gypsum, chalk and slate.
EBRD increases participation in Saint-Gobain Construction Products Rus LLC
France: Saint-Gobain and EBRD (European Bank for Reconstruction and Development) have signed an agreement whereby EBRD will increase its participation in Saint-Gobain Construction Products Rus LLC from its current stake of 11% to 33%.
The EBRD equity injection will contribute to financing Saint-Gobain Construction Products' planned investments in Russia for the next three years, including projects in the gypsum, industrial mortars and insulation activities in several regions.
The investments will reflect the Environmental and Social Action Plan that was agreed with EBRD, thereby reaffirming the commitment of Saint-Gobain Group to the highest standards in environmental performance, corporate governance and business conduct.
This operation will contribute to the acceleration of Saint-Gobain's development in Russia, in alignment with the Group's strategy of strengthening its position in fast growing markets.
CGC introduces industry's first lightweight water- and mould-resistant gypsum panel
Canada: USG's Canadian subsidiary, CGC Inc, has introduced CGC Sheetrock® Brand UltraLight Mold Tough® Panel to the Canadian market. It is the lightest 1/2" mould-resistant gypsum panel available in the industry. This innovative gypsum panel is 20% lighter than traditional water and mould-resistant panels, making it easier to lift, carry and install.
CGC Sheetrock® Brand UltraLight Mold Tough Panels have a non-combustible, water and mould-resistant core encased in 100% recycled water and mould-resistant green face and brown back papers. The green face paper is folded around the long edges to reinforce and protect the core and the ends are cut square and even. The long edges of the panels are tapered, allowing joints to be reinforced and concealed.
Officials close down 30 unsafe gypsum plaster plants
Saudi Arabia: The Khamis Mushayt Municipality has closed down 30 gypsum plants in Umm Srar neighbourhood for violating health and safety regulations. Mesfer Al-Wadai, mayor of the city, said that several plants were permanently closed, while others were closed temporarily until they correct their shortcomings.
"The municipality will be monitoring their activities to ensure they abide by the regulations," said Al-Wadai. "Some of the plants were found operating in old houses inside the neighbourhoods."
Al-Wadai said that the municipality's inspectors have also been conducting regular checks downtown in the Al-Darb area, where illegal workers sell goods from vehicles, pavements and on the streets. The inspectors confiscated more than 30 vehicles and fined their owners for selling goods without licenses.
"Members of the administrative control department in Khamis Mushayt conducted the inspections aided by the traffic department and other security bodies," said Al-Wadai. He added that the teams also removed two shacks on the Military City Road that were built without permits.
