Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Lockheed Martin, Rheinmetall Plan First ATACMS Missile Production in Germany 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Sino Biopharm Stock Rises After AstraZeneca Licensing Deal, GSK Partnership Expansion 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal 
Meta Says States Seek $1.4 Trillion in Penalties Over Teen Social Media Addiction Lawsuit 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
For Immediate Release
|
|||
National Gypsum to Reopen Wilmington Gypsum Board Plant
(Charlotte, NC – May 8, 2018) National Gypsum Company announced today it will reopen its Wilmington, NC, plant which was idled in 2009 during the historic housing industry downturn and national recession. The company plans to spend $25 million over five years to upgrade existing machinery and install new equipment. Over the next few months, National Gypsum will begin hiring and training new associates to supervise and operate the facility.
The plant will produce gypsum board used in home construction and commercial projects. It will receive gypsum rock, its primary raw material, from the company’s Halifax, NS, quarry.
“We expect to have the plant operational by the end of the year,” said CEO Tom Nelson. “Wilmington will allow us to better respond to customer demand as the construction industry continues to build momentum. This plant also will help us grow our specialty gypsum board business which includes our successful family of PURPLE® mold- and moisture-resistant products.
“We are grateful to Wilmington Business Development, New Hanover County Commission, and Wilmington City Council for their leadership and guidance in this significant endeavor. We also thank the North Carolina Railroad Company, the North Carolina Department of Transportation, and Duke Energy for their support for this project. They have welcomed us back to Wilmington. In turn, we will not only increase the community’s tax base and employ local citizens, but we also intend to be a good corporate citizen, as we were when the plant previously operated between 1979 and 2009.”
In addition to the upgrades, the company plans to build a rail spur into the plant, further expanding its ability to reach customers, many of whom prefer rail deliveries.
“It has been our great pleasure to work with the National Gypsum team,” said Scott Satterfield, Wilmington Business Development CEO. “The company’s willingness to invest significantly in its Wilmington facility says all the right things about our great area.”
In 2006, the Wilmington Plant earned IndustryWeek Magazine’s Best Manufacturing Plants Award. It was one of 10 North American plants receiving the award that year. The award was based on the plant’s efficiency, productivity, manufacturing process, quality, safety, and community service.
####
About National Gypsum
National Gypsum Company, headquartered in Charlotte, NC, is a leading supplier of gypsum board, interior finishing products and cement board to the construction industry. It has a network of 40 facilities in North America. The company’s leading brands are: Gold Bond®, ProForm®, PermaBase®, and DEXcell®.
Nancy Spurlock National Gypsum Company 704-365-7556 [email protected]
