After months of intensive talks between Boral and Knauf, whom the later took control of USG Corporation in April, Boral is poised to buy back full control of its Australian plasterboard business as part of deal with joint venture partner USG. Boral is expected to say it is finally closing in on a deal that
BORAL'S $US1.6 billion plasterboard joint venture with US-based giant USG was embraced by investors in October, as chief executive Mike Kane flagged more changes to the business and described the deal as one that would offer the company a "leg-up" on its global rivals. The two will hold an equal share in the venture, called
Industry news is that Sibelco (old unimin) have bought the Galong lime operations from Boral. History: The Galong deposit was first mined in 1885 with significant mining activity in the 1920s producing quicklime, which is used in the production of cement. The mine re-opened in the 1960s and again in 1994. In 2001, the
Lafarge Plasterboard Australia, apparently one of the few plasterboard divisions in Lafarge making money, is up for sale. Industry rumours suggest that Uk company Knauf has a hand shake deal to purchase the Altona VIC and Matraville NSW plasterboard plants, subject to due diligence. Lafarge is also exiting the joint venture between Boral and Lafarge
The Group has also announced an investment of circa $80 million in its Melbourne plasterboard plant. Once commissioned, the plant will have sufficient installed capacity to service growth in the southern states of Australia. This investment is expected to return in excess of the cost of capital. To support the future growth of its core
