USG Corporation & Boral Limited announce joint venture

News /
3 March 2014

USG Corporation and Boral Limited announce 50/50 strategic joint venture: USG Boral Building Products – a world-leading building products business with sales and operations across Asia, Australasia and the Middle East.

In connection with the joint venture, Boral has contributed its Gypsum division including plasterboard operations in Australia and Asia, and USG has contributed its Asian and Middle Eastern businesses, as well as exclusive access in the joint venture's territory to its world-leading ceilings, cement board, fibre board, lightweight plasterboard and joint compound building product technologies.

USG's Chairman, President & CEO Jim Metcalf stated, "The joint venture gives USG an immediate, significant presence across some of the fastest growing construction markets in the world, and positions both USG and Boral to win over the long-term in Asia, Australasia, and the Middle East. Our teams will work quickly to deploy USG's technologies to the facilities in the region and we expect that our combined efforts will enable the joint venture and its customers to achieve greater productivity and profitability."

USG Boral Building Products has 633 million m² (6.8 BSF) of plasterboard manufacturing capacity across 25 plasterboard lines and 12 countries. Synergy realisation will ramp up over time and is expected to exceed US$50 million per annum within three years of the new technologies being rolled out.

“Our teams have come together effectively and productively and have great momentum and determination to deliver on the strategic imperatives of the joint venture. We are focused on maximising value for our customers and our shareholders,” said Boral’s CEO and Managing Director, Mike Kane. “The joint venture aligns with Boral’s goal to grow earnings from Asia and to transform the business over the longer term through innovative product and manufacturing solutions. Boral’s balance sheet will also strengthen considerably as a result of the transaction.”
USG Boral

USG Boral Building Products Pty Limited is a world-leading plasterboard & ceilings joint venture with plasterboard sales and operations across 12 countries in Asia, Australasia and the Middle East.

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Boral Plasterboard NSW

3 Thackeray Street

Camellia, NSW, 2142

Phone: 02 9638 0...

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251 Salmon Street

Port Melbourne, Vic, 3207

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Bassett Road

Middle Swan, WA, 6056

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39 Burleigh Avenue

Woodville North, SA, 5012

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147 Coonawarra Road

Winnelli, 0820, NT

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