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USG reduces loss by US$86m in Q3
Written by Global Gypsum staff
22 October 2012
US: USG Corporation has reduced its net loss in the third quarter of 2012 by US$86m, to US$29m from US$115 in the same quarter in 2011.
In August 2012 USG announced it had entered into an agreement to sell its European operations to Knauf. Results from European operations have been reported as discontinued operations for the 2012 and 2011 periods.
The corporation reported a year-on-year rise in its net sales from continuous operations of 9% in the third quarter of 2012, to US$828m from US$763m. Its operating profit from continuing operations for the third quarter of 2012 was US$29m compared to a US$79m operating loss in 2011.
Discontinued or European operations reported net sales of US$27m in the third quarter of 2012 compared to US$29m in 2011. Discontinued operating profit was US$1m in 2012 compared to US$3m.
"The announced sale of our European operations is another great example of USG's Plan to Win. Completion of this sale will allow us to reallocate assets from a lower-growth market to joint ventures supporting higher-growth markets in India, which will allow us to diversify the company's earnings and offset some of the cyclicality in our core businesses," said, president and CEO, James S Metcalf, Chairman. Metcalf added that wallboard demand remains 'significantly' below previous levels.
USG wallboard shipments rose by 14% year-on-year in the third quarter of 2012, to 366Mm2 from 320Mm2 in 2011. Sheetrock brand UltraLight panels accounted for 47% of all USG wallboard shipments in the United States.
Winners of the Global Gypsum Awards 2012 announced
Written by Global Gypsum staff
17 October 2012
Turkey: The winners of the Global Gypsum Awards 2012 have been announced at the Global Gypsum Conference and Exhibition 2012, taking place on 16-17 October 2012 in Istanbul, Turkey. Over 300 delegates and 50 exhibitors attended the conference.
Global Gypsum Plant of the Year was awarded to SaintGobain Rigips' Brieselang plant in Germany. Global Gypsum Personality of the Year was awarded to Jörg Bold of Bold-Technoconsult. Global Gypsum Supplier of the Year was awarded to WTW Americas. Global Gypsum Company of the Year was awarded to Knauf Gips KG. Isabel Knauf accepted the award on behalf of Knauf, while Knauf also won the Global Gypsum Product of the Year for its Safeboard X-ray resistant product. The ceremony took place at the Binbirdirek Cistern, a 1500 year old structure dating back to the Byzantine Empire.
The organisers also announced that the Global Gypsum Conference and Ceremony 2013 will take place in Toronto, Canada.
Image 1: Isabel Knauf accepting Global Gypsum Company of the Year for Knauf Gips KG at the Global Gypsum Awards 2012
Image 2: Global Gypsum Supplier of the Year was awarded to WTW Americas
Image 3: Bob Bruce, Innogyps, presenting at the Global Gypsum Conference & Exhibition 2012
Gips launches Euro8m factory in Bulgaria
Written by Global Gypsum staff
08 October 2012
Bulgaria: Bulgarian building materials maker Gips has launched a Euro8m factory for the calcination of natural gypsum in the north-western province of Vidin. Company officials announced that the new factory has a capacity of 80,000t/yr and has improved energy efficiency by 38% compared to the old factory.
Bulgarian construction company Montagengineering built the plant and the equipment was supplied by Germany's Claudius Peters Projects. The project was co-financed with Euro1.8m from the European Union funded operational program 'Competitiveness' while Gips provided the remainder from own funds.
Gips, Bulgaria's sole producer of natural gypsum, was set up in 1965. It intends to boost its exports, as it currently sells some 90% of its output on the domestic market according to its executive director Plamen Vassilev. The company currently exports to Serbia and is considering entering the Romanian market. The new factory and the company's nearby gypsum mine employ a total of 224 people.
Gyproc launches volatile organic compounds scrubbing wallboard
Written by Global Gypsum staff
04 October 2012
UAE: Gyproc Middle East has launched a new wallboard that actively removes volatile organic compounds (VOC) from the air in indoor environments. Activ'Air board incorporates a mineral-based additive into its gypsum core that captures VOCs such as toxic formaldehyde and converts them into harmless inert aldehydes.
"Initial discussions with building owners and developers have shown there is already significant interest for these products in the education and healthcare sectors," said technical development manager Jason Hird. Gyproc Middle East is marketing the product as a sustainable and cost-effective alternative to traditional powered air filters. The new technology is available across a range of existing Gyproc products.
Progress Energy Florida to contract all synthetic gypsum to USG
Written by Global Gypsum staff
01 October 2012
US: From the start of 2013 Progress Energy Florida has contracted to sell its entire output of synthetic gypsum produced at its Crystal River Energy Complex in Florida to United States Gypsum (USG).
Crystal River 4 and Crystal River 5, the two newest coat burners at the energy complex, produce 450,000t/yr of synthetic gypsum. Scrubbers were added to Crystal River plants 4 and 5 in 2009 and early 2010. Currently the byproduct is sold for use in making wallboard, cement and fertiliser.
A conveyor belt will be constructed to move the material from the Crystal River power complex to USG's adjacent property. USG purchased the 72ha site in 2011. It announced at the time it would be a storage facility to warehouse synthetic gypsum from the power plants.
Spokesman Scott Sutton from Duke Energy, owner of Progress Energy, emphasised that contract is for USG to take the synthetic gypsum to their property and store it until they ship it or use it. "One customer will remove it all; if we produce more they will have to take it and we have to produce a certain amount. It is a good deal for both of us."
"It is still pretty early in the process yet," said USG spokesman Bob Williams, referring to the plans for the Crystal River property. "It has gone beyond the design stage but construction has not started yet. It is not expected to be complete until sometime in 2013." He added that Crystal River will only be a transfer site and USG has no near-term plans to build a manufacturing plant at the site.