France: Saint-Gobain says that a cyber attack that hit its operations in late June 2017 is unlikely to negatively affect its first-half financial results by more than 1%. It is still investigating the impact of the incident and will report more fully in its results on 27 July 2017.

The building materials producer added that it had restored its remaining operations still 'experiencing difficulties' back to normal. It said that since early July 2017 the 'vast majority' of its businesses had been operating normally and that no personal data was disclosed to any third party. It does not expect the event to have any future commercial impact.

Switzerland: Ivo Schädler has been appointed as Sika's regional manager for the Europe, Middle East and Africa (EMEA) region and will join Group Management. He succeeds Paul Schuler, who was appointed chief executive officer (CEO) in May. Both commence their new roles on 1 July 2017.

Schädler, aged 51 years, began his career at Sika in 1997. He held various management positions at the Swiss national subsidiary before becoming General Manager for the UK and Ireland in 2012. In this role he completed the acquisition and integration of Everbuild Building Products, a UK manufacturer of sealants and adhesives. In 2015 he was appointed Area Manager Europe South and Head EMEA Target Market Refurbishment.

Schädler is a qualified materials science engineer from the Swiss Federal Institute of Technology in Zurich (ETH Zurich) and also holds an MBA. He is a Swiss national and is married with two children.

US: National Gypsum is upgrading its paper plant in Oxford, Alabama. The work includes replacing a boiler at the site first installed in 1950s, according to the Anniston Star newspaper. The investment is intended to reduce operational costs and increase energy efficiency. Paper produced at the plant is used in the manufacture of gypsum wallboard at the company's other plants. No value for the upgrade has been disclosed.

France: Saint-Gobain has been hit by a cyberattack. The building materials producer said that it subsequently isolated its systems in order to protect its data. It added that its production lines were continuing to operate and that it was still serving its clients. It is not known whether the company has been infected with the Petya ransonware virus. However, the company operates a gypsum wallboard plant in Ukraine, where that attack was first reported on 27 June 2017.

More Articles ...

Subcategories