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GMS benefits from Titan acquisition and rising prices
Written by Global Gypsum staff
05 December 2018
US: GMS’s half-year wallboard sales have risen due to its acquisition of Canada’s Titan on 1 June 2018 and rising prices. Its wallboard sales rose by 14% year-on-year to US$652m in the half year to 31 October 2018, from US$573m in the same period in 2017. Overall, the wallboard distributor’s net sales increased by 25% to US$1.61bn.
Saint-Gobain appoints Benoit Bazin as chief operating officer in organisational and portfolio review
Written by Global Gypsum staff
28 November 2018
France: Saint-Gobain has appointed Benoit Bazin as its chief operating officer in an organisational and portfolio review process. The ‘Transform & Grow’ program intends to create a new organisational structure with five reporting units to improve growth and allow for a more ‘agile’ group structure.
"Saint-Gobain is evolving in a fast changing market environment, which can be a source of substantial growth opportunities, provided we are sufficiently close to our markets and sufficiently agile. We are launching an ambitious transformation plan, 'Transform and Grow' based on two pillars, an in-depth transformation of the Group's organisational structure and an accelerated portfolio rotation program,” said chairman and chief executive officer (CEO) Pierre-André de Chalendar.
The new structure will consist of five reporting units, with four regional businesses and a global High Performance Solutions unit. The new regional groups will be Northern Europe, Southern Europe, Americas and Asia-Pacific. The High Performance Solutions unit will include High-Performance Materials (HPM) and the Sekurit (automotive glass) business.
The program also plans to accelerate the group’s portfolio rotation. It is preparing to divest businesses worth around Euro1bn by the end of 2019. More than 10 companies of various sizes across all sectors are being actively prepared for divestment and three significant processes have already been launched.
Continental Building Products’ sales rise on demand
Written by Global Gypsum staff
12 November 2018
US: Continental Building Products’ net sales increased by 8% year-on-year to US$387m in the first nine months of 2018 from US$358m in the same period in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 13% to US$111m from US$98.8m. Its wallboard sales volumes grew by 7% to 67Mm2 from 62.6Mm2. it attributed the growth in sales volumes to ‘strong’ demand in its markets.
Gypsum Association revises GA-216 Application and Finishing of Gypsum Panel Products from 2019
Written by Global Gypsum staff
12 November 2018
US: The Gypsum Association has revised its GA-216 Application and Finishing of Gypsum Panel Products technical document. It has been revised in 2018 to fit a three year cycle to coincide with the 2021 code revision cycle and to better align with the Association’s other code-referenced documents, namely GA-600 Fire Resistance and Sound Control Design Manual and GA-253 Application of Gypsum Sheathing. GA-216 is referenced in the International Building Code (and other I-Codes) as well as NFPA 5000 as a standard for the application and installation of gypsum panels.
The 2018 specification provides appropriate installation methods for the various types of gypsum panels. New to the 2018 specification is clarification of language on steel studs and abuse-resistant and impact resistance panel products and updated criteria for panel installation over concrete. Direct adhesion to concrete is no longer acceptable; panels must be installed on framing. Also, GA-223 Gypsum Panel Products, Types, Uses, Sizes, and Standards has been added to the appendix as a reference to ASTM standards and Gypsum Association publications that provide additional information and specifications.
NTPC orders flue-gas desulfurisation systems from Mitsubishi Hitachi Power Systems
Written by Global Gypsum staff
07 November 2018
India: NTPC has ordered flue-gas desulfurisation (FGD) systems from Japan’s Mitsubishi Hitachi Power Systems for its Mouda-II and Rihand-II & III coal-fired power plants. This is the first order of a limestone-gypsum FGD system for the Indian market, according to JCN Newswire. The installations are scheduled for completion in 2021 and 2022 respectively. No value for the order has been disclosed.
These projects are ordered through MHPS' Indian subsidiary and included engineering, procurement, and construction (EPC) arrangements. The order comprises two 660MW units for the Mouda-II plant, and four 500MW units for the Rihand-II & III plant, for a combined output of 3320MW. The FGD systems will be additional installations to the existing power generating facilities, supporting the design of a spray-type desulfurisation system handled by MHPS' Indian subsidiary.