Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours 
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
Spirit Airlines Shuts Down Flights, Issues Refunds After Financial Collapse 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook 
GameStop Proposes $56 Billion eBay Acquisition in Bold Strategic Move 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
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]
