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Housing crunch hurting wallboard businessGypsum wallboard producer USG Corp. of East Chicago, Ill, has cut production by 75 percent in the wake of a construction slowdown, the company said. Since 2006, USG Corp., which uses synthetic gypsum, has laid off 1,750 workers, the Chicago Sun Times reported Thursday. This year, the company raised prices by 20 percent, as it faces production cutbacks amounting to 3.5 billion square feet of wallboard over the past seven quarters, the report said.
USG has been trying to expand its ceiling tile production, upgrade plants and open new ones. The company is building new wallboard plants in Washingtonville, Pa., and Stockton, Calif., and has plans to produce ceiling tiles in Beijing, China and open a joint-treatment compound plant in St. Petersburg, Russia, the report said. Copyright 2008 by United Press InternationalPublication date: 15 May 2008 Source: UPI-1-20080515-14551400-bc-us-usg.xml Archive ADsLatest news
20.07.2008 - Economy strained by crises
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- Ford to move European models to U.S.
- School-clothes shopping budgets crunched - Push for more Wisconsin cranberries - Economy strained by crises |
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