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Saudi Arabian Public Investment Fund acquires 23% stake in Mepco
Written by Global Gypsum staff
04 January 2024
Saudi Arabia: The Saudi Arabian Public Investment Fund (PIF) has completed its acquisition of a 23% stake in paper products company Mepco. TradeArabia News has reported that the PIF aims to enable Mepco to expand production, increase efficiency and become more sustainable.
Mepco CEO Sami Al Safran said “PIF's investment further enables the implementation of our expansion strategy and captures significant growth potential, both locally and regionally. This will help create new opportunities, as Mepco continues its journey to become a national champion in our industry. Our company strives for sustainable growth and a better future, thanks to its unique strategy which integrates paper products and waste management. MEPCO is investing in the sector through ambitious projects to support Saudi Arabia’s goals of sustainability and transition to a circular economy by recycling, reducing waste and converting waste into energy sources to meet our business needs.”
Tajik government inaugurates Khatlon gypsum wallboard plant
Written by Global Gypsum staff
02 January 2024
Tajikistan: The government has inaugurated the new 30Mm2/yr Khatlon gypsum wallboard plant at Yavan. Central Asia Economic Outlook News has reported that the plant produces four different specifications of gypsum wallboard, as well as ceiling tiles and metal profiles and supports.
India instigates anti-dumping measures against Chinese and Omani gypsum wallboard
Written by Global Gypsum staff
02 January 2024
India: The government has implemented new duties on imports of gypsum wallboard from China and Oman. Importers will pay US$23.46 – 47.62/t on Chinese gypsum wallboard and US$71.80 – 91.42/t on Omani gypsum wallboard. The Hindu newspaper has reported that precise rates will depend upon the producer of the wallboard.
Georgia-Pacific invests US$2bn in 2023
Written by Global Gypsum staff
21 December 2023
US: Georgia-Pacific made total investments worth US$2bn throughout 2023. Major capital expenditure (CAPEX) investments include its US$325m construction of its second Sweetwater gypsum wallboard plant in Texas.
Georgia-Pacific Gypsum president David Neal said "Georgia-Pacific is keenly focused on the future and committed to innovation and meeting the needs of our customers. The two [Sweetwater gypsum wallboard plant] operations combined will supply customers and distribution partners with more than 93Mm2/yr of gypsum wallboard each year and create more than 100 new jobs. This investment strengthens Georgia-Pacific's capacity to meet growing customer needs in Texas' residential, commercial and industrial construction markets."
Ak Bulut commissions 4Mm2/yr Dostluk gypsum wallboard plant
Written by Global Gypsum staff
20 December 2023
Turkmenistan: Ak Bulut has inaugurated its 4Mm2/yr Dostluk gypsum wallboard plant in the Koytendag District of Lebap Region. Trend News has reported that the plant partly runs on solar power, and also produces 50,000t/yr of dry building mixes. Ak Bulut says that it sources the plant's natural gypsum from Koytendag District, and markets its products domestically and in Azerbaijan, Kyrgyzstan, Russia and Uzbekistan.