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Saint-Gobain and Burkard deal for acquisition of Sika shares further extended to June 2017
Written by Global Gypsum staff
15 March 2016
France/Switzerland: Saint-Gobain and the Burkard family have extended their agreement relating to the sale of shares of Schenker-Winkler Holding (SWH) and to extend the validity of the agreement until 30 June 2017. Saint-Gobain will then have an option to extend the agreement until 31 December 2018. SWH holds the majority of voting rights of Sika.
"Together, we are fully committed to this transaction. It makes sense from a strategic, industrial and financial standpoint for Saint-Gobain and for Sika, for their employees, for their customers and for all of their shareholders. The amendment to the agreement covers the longest of timelines to resolve related disputes, allowing SWH to regain its property rights," said Pierre-André de Chalendar, Chairman and CEO of Saint-Gobain.
In December 2014, Saint-Gobain announced its intention to buy a 16.1% stake in Sika for Euro2.6bn, thus acquiring control over the building materials producer. However, Sika's management and minority shareholders opposed the deal. At the end of January 2016, Saint-Gobain's finance chief Laurent Guillot told Reuters that the group still believed in a successful outcome despite the resistance it faced. In February 2016 Sika reiterated its opposition to the takeover in a financial statement saying that, "There is still no evidence to suggest there is any industrial logic behind the transaction."
Knauf Vietnam signs wallboard distribution deal with Zinca
Written by Global Gypsum staff
15 March 2016
Vietnam: Knauf Vietnam has signed a strategic cooperation agreement for the distribution of gypsum wallboard with Zinca Vietnam. A ceremony marking the signing was held on 12 March 2016 and attended by about 300 guests, including gypsum wallboard distributors, dealers, contractors, developers, and architects, according to local press.
"I believe this remarkable milestone will help us strengthen our nationwide coverage and promote brand awareness," said David Thomas, General Director of Knauf Vietnam. He added that the company's 20Mm2 wallboard plant in Hai Phong has started commissioning and is due to started selling commercial products by May 2016.
Knauf Vietnam was licensed in 2013 to build a gypsum wallboard plant. It has since established offices in Hai Phong, Hanoi, and Ho Chi Minh City and has been developing a distribution network throughout the country. In the meantime it has been selling products locally including StandardShield, MoistShield, FireShield, Knauf Danoline and Cleaneo.
Zinca Vietnam is a Vietnamese building materials manufacturer and distributor that was founded in 1995. It previously signed a cooperation deal with Saint-Gobain in 2007 to distribute Gyproc branded products in the country.
Minotaur Exploration looking for buyer for Lake Purdilla gypsum deposit
Written by Global Gypsum staff
14 March 2016
Australia: Minotaur Exploration is looking to sell its gypsum deposit at Lake Purdilla, Eyre Peninsula in South Australia. The mineral exploration company reports that the 87Mt deposit has an estimated purity of 91% gypsum consisting of gypsarenite and selenite. The site has been classified as an Inferred Resource based on previous drilling programmes.
Lake Purdilla is believed to be the largest known undeveloped gypsum resource in South Australia. Minotaur Exploration estimates that the site could be mined at a rate of 1Mt/yr for over 50 years. Gypsum from the site would be suitable for domestic use for wallboard production, cement manufacture and agricultural use. It could also be eligible for export to Southeast Asia.
Previously Minotaur Exploration agreed a sale worth US$4.8m for the Lake Purdilla gypsum deposit in late October 2014. The buyer was unnamed.
British Gypsum collaborates with Willmott Dixon to deliver industry training
Written by Global Gypsum staff
10 March 2016
UK: British Gypsum has partnered with contractor Willmott Dixon to enhance its existing site quality course with a bespoke training programme. As part of a new approach to industry training, British Gypsum built a custom made, full-scale construction site known as the 'Recapping Zone', in which Willmott Dixon employees were tasked with locating over 40 staged faults that could occur in real life scenarios on projects.
British Gypsum took a similar approach to that of a real-life build when constructing the zone, consulting with architects, designers and course facilitators. At present, 436 Willmott Dixon employees have completed the course, and a refresher programme will be run to recap and update the training.
"We worked in close collaboration with Willmott Dixon to deliver the course and also train staff to deliver the course themselves. We combined traditional training methods with hands-on activities to help Willmott Dixon employees take a more practical approach to training in a realistic scenario," said David Hall, National Technical Academy Manager for British Gypsum. "It is our aim to provide the next generation of installers in the interiors sector with information about the latest systems and techniques."
Saint-Gobain ready to invest in Iranian gypsum industry
Written by Global Cement staff
10 March 2016
Iran: Ammar Bashare, the director of the Middle East trade development section of Saint-Gobain, has expressed his company's desire to invest in the gypsum plaster industry in Semnan province. He made the comments in a meeting with Ali Asghar Joma'ei, the head of the province's Chamber of Commerce, Industry, Mine and Agriculture, as reported by the Islamic Republic News Agency.
Bashare said that Saint-Gobain is ready to invest in the local plaster industry and he hoped that his company could have more cooperation with local Iranian companies when the economic sanctions are lifted.
Joma'ei said that around 40 plaster producer companies are active in Semnan province and that foreign investors should bring modern technology into Iran. He also noted the readiness of a number of investors from Turkey and Germany in the industry. He added that the province is ready for 100% foreign investment or joint venture partnerships.
Semnan produces 40,000t/day of plaster. It exports plaster to Iraq, Turkmenistan and India.