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National Gypsum Donates US$1m for education in North America
Written by Global Gypsum staff
04 December 2024
US: National Gypsum has donated US$1m to 42 schools and non-profit organisations in the US and Canada. Employees from subsidiaries including Gold Bond Building Products, Gold Bond Canada, PermaBASE Building Products, ProForm Finishing Products and Unifix nominated the beneficiaries.
Chair Thomas Nelson said that initiatives of this kind are “crucial in equipping the next generation with the skills and knowledge to become innovative leaders.”
Fortress buys Gyptech
Written by Global Gypsum staff
29 November 2024
Canada: Fortress Investment Group has acquired a majority stake in Gyptech, using funds managed by its affiliates, for an undisclosed sum. The company’s management team hold a minority stake in the business. Moelis & Company is acting as exclusive financial advisor to Fortress and Evercore is acting as placement agent to Fortress on the financing. Fortress said that the purchase will provide strategic support for Gyptech's global growth, with an emphasis on the scaling of technologies and the expansion of client services.
Jeremy McKellar, the CEO of Gyptech, commented “With Fortress' backing, we will continue to grow our aftermarket services and bring to market energy-efficient technologies that are crucial for the future of sustainable construction.”
Ben Green, Director at Fortress, added “Gyptech is a great company with a market-leading position supplying equipment that's foundational to the building construction industry across the globe. With strong demand tailwinds and a great leadership team, we're excited about the company's growth opportunities.”
Gyptech designs, engineers and builds new and replacement production lines for gypsum wallboard and asphalt-shingle facilities. It was established in 1993 and holds offices in North America and Europe.
Fortress Investment Group is a global investment manager. Founded in 1998, it manages US$49bn of assets under management as of 30 September 2024, on behalf of approximately 2000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.
Saint-Gobain Placo installs heat and water recovery system at Val-de-Cognac plant
Written by Global Gypsum staff
29 November 2024
France: Saint-Gobain Placo has installed a heat and water recovery system in its Val-de-Cognac gypsum wallboard plant. In a post to LinkedIn, the company said that the new system has reduced the plant’s CO₂ emissions by 14%, its energy consumption by 11% and its water consumption by 10% compared to 2019 levels.
CertainTeed Canada gains approval for Antrim gypsum mine in Nova Scotia
Written by Global Gypsum staff
26 November 2024
Canada: CertainTeed Canada has received environmental assessment approval from the Nova Scotia Department of Environment and Climate Change for its Antrim Gypsum Project in Halifax County, Nova Scotia. It can now move to the project’s permitting phase and toward construction beginning in 2026.
The subsidiary of France-based Saint-Gobain intends to establish operations in Nova Scotia, where eastern North America’s only known major source of gypsum is located. The company will then strengthen its ability to supply its wallboard plants in eastern Canada and the US with locally mined gypsum.
CertainTeed Canada also recently completed construction on its Kootenay West Mine in British Columbia, which is now operational at full capacity with plans to develop a new railway to connect better to other units in western Canada. The company is also reopening its Amaranth Mine in Manitoba to serve central Canada. These efforts are in addition to a partnership with New West Gypsum to recycle and reuse wallboard in production in Alberta, British Columbia, Manitoba, Ontario and Quebec, which has led to over 1Mt of wallboard being recycled and reused at the Vancouver plant alone.
Shera targets 40% Philippines building materials market share
Written by Global Gypsum staff
22 November 2024
Philippines: Thailand-based Shera aims to increase its market share in the Philippines building materials sector to over 40% by the end of 2025, BusinessWorld News has reported. Shera Philippines head Thunnop Jumpasri said that this will involve an expansion of its operations in Mindanao and Visayas.
This coincides with Shera’s launch of two gypsum wallboard products, the Gypsum Standard Board and Gypsum Moisture Resistant Board, on 21 November 2025.