Metals & Minerals
United States Gypsum Company Investing $132 Million in Virginia
For over 100 years, United States Gypsum Company (USG) has been a leading manufacturer of building materials for the construction and remodeling industries.
Released Monday, February 28, 2005
Researched by Industrialinfo.com (Industrial Information Resources, Houston, Texas). United States Gypsum Company (NYSE:USG) (Chicago, Illinois) is investing $132 million to modernize its gypsum wallboard manufacturing plant in Norfolk, Virginia. The company plans to construct a new manufacturing building and replace an existing production line to increase production from 270 million to 750 million square feet per year. In addition, the company will increase current workforce from 150 to nearly 300 employees.
For over 100 years, United States Gypsum Company (USG) has been a leading manufacturer of building materials for the construction and remodeling industries. USG is a fortune 500 company with annual revenue exceeding $3 billion in revenue per year. The company employs 14,000 workers in 30 countries. USG plants, mines, quarries, transport ships and other facilities are located in North America, Europe and Asia-Pacific. The company has eight different brands, including Sheetrock Brand, USG Ceilings, Durock Brand, Fiberock Brand, Donn Brand, Imperial Brand, Diamond Brand, and Red Top Brand.
USG's plan to modernize its Norfolk, Virginia, plant is one of several recently announced gypsum wallboard plant expansion or new plants in the U.S. For details see related December 14, 2004, news article - Gypsum Wallboard Manufacturers Gear Up for Next Round of Expansions as Coal-Fired Power Generators Grapple with Gypsum Disposal Concerns.
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