Türkiye: Murat Savcı has stepped into the role of CEO at Saint-Gobain Türkiye. Savcı will manage local subsidiaries operating under 12 brands and serve on the boards of Saint-Gobain Weber Türkiye, Chryso Türkiye, Saint-Gobain Abrasives Türkiye and joint ventures İzocam and Dalsan. He will aim to strengthen the company's integrated solutions leadership in line with the group’s Lead & Grow strategy. Savcı takes over from Aykut Aydoğan, who will leave the company after serving in the role since September 2021.

Murat Savcı brings over 25 years’ building materials industry experience to the position. He has sat on the boards of İzocam, İzoder and the Association of Turkish Construction Material Producers, and was İzocam managing director from February 2020. Before that, he served as general manager of Baumit Türkiye, managing partner at AzeYapı Construction and project manager at Meuter Architekturbüro and Robert Perthel Bauunternehmung in Germany.

Savcı said "Türkiye has significant potential in the field of construction and infrastructure solutions. In the coming period we will take steps to make the best use of this potential with our strong teams. We will further develop our reduced-CO₂ and high value-added solutions, and further strengthen our business approach that creates value for society, the environment and our stakeholders by offering more integrated services to our customers."

US: Eagle Materials recorded sales of US$1.83bn in the first nine months of the 2026 financial year (FY2026), up by 2% year-on-year. A 5% year-on-year rise in costs, to US$1.28bn, offset sales growth to precipitate an 8% decline in net earnings, to US$364m. Gypsum wallboard sales fell by 10% in value, to US$581m, and by 8% in volume. The group reported ‘good progress’ on an on-going upgrade to its Duke gypsum wallboard plant in Oklahoma.

Eagle Materials issued US$750m of 10-year senior notes with an interest rate of 5% during the quarter, which extended its total debt maturity schedule and increased committed liquidity. A portion of the proceeds repaid its bank credit facility. It ended 2025 with debt of US$1.8bn, net debt of US$1.4bn and a net leverage ratio of 1.8 times.

President and CEO Michael Haack said "Despite a mixed construction environment, Eagle's portfolio of businesses continued to perform well during the third quarter of FY2026. While the residential construction market was challenged, federal, state and local spending on public infrastructure projects and private non-residential construction remained elevated. Our low-cost operations continue to generate strong cashflow that we are investing to advance our operational efficiency and our low-cost position."

Nigeria: BUA Cement subsidiary BUA Gypsum Plaster has commenced commercial production of gypsum wallboard at its Port Harcourt plant in Rivers State. The Premium Times newspaper has reported the plant also has capacity to produce 2400t/day of plaster, production of which began in 2025. Cement producer BUA Cement says that it is diversifying to capitalise on Nigeria’s gypsum wallboard supply gap. In addition to Nigeria, the Port Harcourt plant will also supply other West African countries.

Saudi Arabia: Germany-based Knauf has announced the planned acquisition of a majority stake in United Mining Industries Company (UMI), followed by all other outstanding shares in the company. UMI is a market-leading producer of gypsum products and other building materials domestically and across Gulf Cooperation Council (GCC) and other Middle Eastern markets. A planned initial investment would give Knauf a 63% majority stake in UMI. After completion of this, Knauf intends to submit an offer to acquire up to 100% of shares in UMI.

Knauf has been active in the Middle East for 30 years. It established its first gypsum wallboard plant regionally at Ras Al Khaimah, UAE, in 2008. Saudi Arabia is a key growth market for the group and a ‘central pillar’ of its regional strategy.

More Articles ...

Subcategories