Difference between revisions of "USG.com"
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==Title== | ==Title== | ||
| − | USG | + | |
| + | ===USG: Leading North America's Building Materials Industry === | ||
==Description== | ==Description== | ||
| − | A leading | + | |
| + | |||
| + | January 1, 1985, USG Corporation or otherwise known as the United States Gypsum Corporation was organized to be the holding company of its six subsidiaries. It is a Fortune 500 company which ranked 396 in 2007. USG Corporation manufactures building materials for remodeling as well as for construction. Its six subsidiaries are the United States Gypsum Company, USG Interiors, Inc., L&W Supply Corporation, CGC Inc., USG International, and USG Mexico S.A. de C.V. | ||
| + | |||
| + | ===The Merger === | ||
| + | |||
| + | It was during the 1900s when thirty independent gypsum rock and plaster manufacturing companies decided to merge into one huge company, the United States Gypsum Company. The merger allowed the companies to combine all their resources across North America. | ||
| + | |||
| + | A year after the merger, the United States Gypsum Company developed their first innovative building product. They called it Pyrobar. This was the world's first fireproof tile made from gypsum. Soon after, they invented the revolutionary wallboard called Sackett Board, which is made out of multiple layers of paper and plaster. | ||
| + | |||
| + | ===The Company === | ||
| + | |||
| + | This Chicago-based company is the leading building materials industry in North America. They are the world's leading and major producer of gypsum-based products such as wallboards, joint compounds which are used for the finishing of wallboard joints, cement boards and its accessories, poured gypsum under-layments, gypsum fiber panels, and a wide range of other related products used for remodeling and construction industries. Their gypsum products are used for different kinds of building applications such as finishing interior walls, floors, and ceilings for commercial and residential construction. They are also the world's leader in manufacturing ceiling suspension systems. They are recognized around the world as the foremost innovator of specialty ceiling systems as well as acoustical panel systems. Their gypsum-based products are also used for fireproofing, ceramics with their CERAMI-CAL® Gypsum Cement, road repair with their DURACAL® Cement, and soil conditioning with their various types of Ben Franklin® Agricultural Gypsum. They also market these products in the United States, Europe, Canada, Latin America, Mexico, and in Asia-Pacific. | ||
| + | |||
| + | ===The Products === | ||
| + | |||
| + | Their most popular products are the '''SHEETROCK®''' gypsum wallboard which is a non-burning, non-warping wall covering and the DUROCK® Brand cement board. These products are widely-used for simple home improvements, residential housing, and commercial developments. | ||
| + | |||
| + | One of their subsidiaries is the L&W Supply. This is America's largest distributor of drywall and other related building materials. L&W Corporation is the professional contractor with as much as 200 locations. | ||
| + | |||
| + | The company has over 21 gypsum board plants which they operate in the United States. They also have 14 gypsum quarries and mines in the United States, Mexico, and Canada. | ||
| + | USG Corporation owns and operates a flotilla of self-unloading cargo ships which are based in Bermuda to transport gypsum from their various quarries. | ||
| + | |||
| + | They distribute their gypsum-based products through their own various locations, distributors of specialized wallboards, dealers of building materials, home improvement centers, contractors, and other retailers. | ||
| + | |||
| + | One of the major contributions of USG, like in other major construction companies, is the 544-page Gypsum Construction Handbook. The book contains clear and concise illustrated directions and techniques to help a journeyperson apply the various gypsum-based products from framing to finish. There is also full information on all the various aspects of the gypsum-based products, tools, equipment, accessories, and applications. The handbook also has information to provide assistance in estimating and planning. | ||
| + | |||
| + | ===Going Bankrupt . . . and Bouncing Right Back === | ||
| + | |||
| + | USG had encountered major problems throughout its 100 years in service to the building materials industry. None of them was as problematic as the hostile takeover in October 1987. Two oilmen from Texas, Cyril Wagner, Jr. and Jack Brown attempted this feat. They bought several outstanding stocks of USG. USG was able to fight them off with a huge offer which the two Texans were not able to match but at a price. To pay for the offer, the company had to take a poison pill which they borrowed from several banks. To help pay this off, the company sold off several plants, their headquarters building at 101 South Waker Driver in Chicago, the corporate jets, and reduced most of their work force. They filed a pre-package bankruptcy petition in March 17, 1993. They managed to emerge from this, but after several asbestos litigations, they went bankrupt again. They announced in June 20, 2006, their Plan of Reorganization to help them complete the bankruptcy case. In the end, the plan worked for all parties and the company re-emerged as one of the leading and highly profitable corporation in the building materials industry in North America. | ||
| + | |||
==Languages== | ==Languages== | ||
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==Contact== | ==Contact== | ||
: USG Corporation | : USG Corporation | ||
| − | : < | + | : <email>ce0e636fd4e9bbd16f5d5ce9e0b7d3d3</email> |
: +1 630 717 2400, Fax: +1 630 717 2400 | : +1 630 717 2400, Fax: +1 630 717 2400 | ||
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Usgaction.com | Usgaction.com | ||
MusicCityMotorPlex.com | MusicCityMotorPlex.com | ||
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GypsumSolutions.com | GypsumSolutions.com | ||
UniversalTradingSolutions.com | UniversalTradingSolutions.com | ||
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Revision as of 14:14, 3 July 2007
Title
USG: Leading North America's Building Materials Industry
Description
January 1, 1985, USG Corporation or otherwise known as the United States Gypsum Corporation was organized to be the holding company of its six subsidiaries. It is a Fortune 500 company which ranked 396 in 2007. USG Corporation manufactures building materials for remodeling as well as for construction. Its six subsidiaries are the United States Gypsum Company, USG Interiors, Inc., L&W Supply Corporation, CGC Inc., USG International, and USG Mexico S.A. de C.V.
The Merger
It was during the 1900s when thirty independent gypsum rock and plaster manufacturing companies decided to merge into one huge company, the United States Gypsum Company. The merger allowed the companies to combine all their resources across North America.
A year after the merger, the United States Gypsum Company developed their first innovative building product. They called it Pyrobar. This was the world's first fireproof tile made from gypsum. Soon after, they invented the revolutionary wallboard called Sackett Board, which is made out of multiple layers of paper and plaster.
The Company
This Chicago-based company is the leading building materials industry in North America. They are the world's leading and major producer of gypsum-based products such as wallboards, joint compounds which are used for the finishing of wallboard joints, cement boards and its accessories, poured gypsum under-layments, gypsum fiber panels, and a wide range of other related products used for remodeling and construction industries. Their gypsum products are used for different kinds of building applications such as finishing interior walls, floors, and ceilings for commercial and residential construction. They are also the world's leader in manufacturing ceiling suspension systems. They are recognized around the world as the foremost innovator of specialty ceiling systems as well as acoustical panel systems. Their gypsum-based products are also used for fireproofing, ceramics with their CERAMI-CAL® Gypsum Cement, road repair with their DURACAL® Cement, and soil conditioning with their various types of Ben Franklin® Agricultural Gypsum. They also market these products in the United States, Europe, Canada, Latin America, Mexico, and in Asia-Pacific.
The Products
Their most popular products are the SHEETROCK® gypsum wallboard which is a non-burning, non-warping wall covering and the DUROCK® Brand cement board. These products are widely-used for simple home improvements, residential housing, and commercial developments.
One of their subsidiaries is the L&W Supply. This is America's largest distributor of drywall and other related building materials. L&W Corporation is the professional contractor with as much as 200 locations.
The company has over 21 gypsum board plants which they operate in the United States. They also have 14 gypsum quarries and mines in the United States, Mexico, and Canada. USG Corporation owns and operates a flotilla of self-unloading cargo ships which are based in Bermuda to transport gypsum from their various quarries.
They distribute their gypsum-based products through their own various locations, distributors of specialized wallboards, dealers of building materials, home improvement centers, contractors, and other retailers.
One of the major contributions of USG, like in other major construction companies, is the 544-page Gypsum Construction Handbook. The book contains clear and concise illustrated directions and techniques to help a journeyperson apply the various gypsum-based products from framing to finish. There is also full information on all the various aspects of the gypsum-based products, tools, equipment, accessories, and applications. The handbook also has information to provide assistance in estimating and planning.
Going Bankrupt . . . and Bouncing Right Back
USG had encountered major problems throughout its 100 years in service to the building materials industry. None of them was as problematic as the hostile takeover in October 1987. Two oilmen from Texas, Cyril Wagner, Jr. and Jack Brown attempted this feat. They bought several outstanding stocks of USG. USG was able to fight them off with a huge offer which the two Texans were not able to match but at a price. To pay for the offer, the company had to take a poison pill which they borrowed from several banks. To help pay this off, the company sold off several plants, their headquarters building at 101 South Waker Driver in Chicago, the corporate jets, and reduced most of their work force. They filed a pre-package bankruptcy petition in March 17, 1993. They managed to emerge from this, but after several asbestos litigations, they went bankrupt again. They announced in June 20, 2006, their Plan of Reorganization to help them complete the bankruptcy case. In the end, the plan worked for all parties and the company re-emerged as one of the leading and highly profitable corporation in the building materials industry in North America.
Languages
English
Address
- Dept. 770-001 Jostes, 125 S. Franklin
- Chicago IL 60606 US
Contact
- USG Corporation
-
- +1 630 717 2400, Fax: +1 630 717 2400
