The Company's segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). 1920 Company is reincorporated as the United States Gypsum Company. Originally called Adamant Panel Board, the product became known as Sheetrock in 1917. It is also a major consumer of synthetic gypsum, a byproduct of flue-gas desulfurization. Ceilings segment manufactures and markets interior systems products in the United States, Canada, Mexico and Latin America. It produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes. Gypsum”) was incorporated in 1901. USG operates under Building Materials classification in USA and is traded on New York Stock Exchange. About USG. It includes United States Gypsum Company, or U.S. Gypsum, in the United States, CGC Inc., or CGC, in Canada, USG Mexico, S.A. de C.V., or USG Mexico, and subsidiaries in Latin America. Through research and development and acquisition, USG continued to expand into and lead new markets. Recession and its effect on the bottom line dominated the 1980s and led to a restructuring of the company. Metcalf implemented the company's "Plan to Win" which involved strengthening its core manufacturing operations and L&W Supply distribution business, diversifying sources of revenues and profitability, and differentiating the company from competitors through innovative products and services. By a vote of stockholders on December 19, 1984, U.S. Gypsum became a wholly owned subsidiary of the Corporation, and the stockholders of U.S. USG received more than 22,000 new claims since the beginning of 2001. It produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes. 1 . The company was founded in 1902 and is headquartered in Chicago, Illinois. Brian J. Cook is executive vice president and chief administrative officer of USG Corporation, a manufacturer and distributor of high-performance building systems through its subsidiaries, United States Gypsum Company, USG Interiors, Inc., and USG International. The UBBP segment manufactures, distributes and sells certain building products, mines raw gypsum and sells natural and synthetic gypsum throughout Asia, Australasia and the Middle East. About USG Corporation: USG Corporation is a manufacturer and distributor of innovative, high-performance building systems through its United States Gypsum Company, USG Interiors, LLC, and L&W Supply Corporation subsidiaries and its USG Boral Building Products joint venture. Existing USG stock owners would be issued rights to buy new USG stock at a set price of $40 per share. To pay for the trust USG would use cash it had accumulated during the bankruptcy, new long-term debt, a tax rebate from the federal government, and an innovative rights offering. USG immediately instituted a plan to buy back 20 percent of its common stock in an effort to fend off the takeover. as project developer, authorization for execution of redevelopment agreement and agreement and issuance of tax increment allocation revenue note for the property at 550 West Adams Street", "US Geological Survey Bulletin 1711: Mineral Resources of the Fish Creek Mountains Wilderness Study Area, Imperial County, California", "SP Bulletin 1964 — They call it Plaster City", United States District Court for the Northern District of Illinois, "USG Accused in Lawsuit of Fixing Drywall Prices", "USG CORP, Form 8-K, Current Report, Filing Date Jun 21, 2006", Companies in the Chicago metropolitan area, https://en.wikipedia.org/w/index.php?title=USG_Corporation&oldid=998564262, Building materials companies of the United States, Industrial railroads in the United States, Manufacturing companies established in 1901, Companies formerly listed on the New York Stock Exchange, Companies that filed for Chapter 11 bankruptcy in 1993, Companies that filed for Chapter 11 bankruptcy in 2001, American subsidiaries of foreign companies, Creative Commons Attribution-ShareAlike License, Sheetrock Brand All Purpose Joint Compound, The trial judge's instruction to the jury was improper, as it emphasized a presumption of wrongful intent, rather than concentrating on verifying the defendant's state of mind through evidence and inferences drawn therefrom. USG's stock dipped to 28 cents per share and the corporation emerged from bankruptcy 38 days later on May 6, 1993. Read Wikipedia in Modernized UI. USG purchased the line from the Pacific Portland Cement Company in 1946. Its corporate offices are located at 550 West Adams Street in Chicago, Illinois. Desert Partners was unable to match the offer and lost the proxy fight at a shareholder's meeting. The vast majority of the products our manufacturing subsidiaries sell in the United States are made by those subsidiaries in our plants located in North America. 3 1971 L&W Supply Corporation is created as a building materials distribution subsidiary. The corporation's debt was reduced by $1.4 billion and interest costs dropped from $320 million per year to $170 million per year. When the bankruptcy was completed in 2006, all creditors were repaid in full and USG shareholders retained equity in the company. These rights could be exercised or sold. USG Corporation is an industry-leading manufacturer of building products and innovative solutions. Login with Gmail. By 1917, a new manufacturing process produced boards with a single layer of plaster and paper that could be joined flush along a wall with a relatively smooth surface. Commercial operation commenced on October 14, 1922. In 1909, USG purchased the Sackett Plaster Board Company, inventor of Sackett Board, which was a panel made of multiple layers of plaster and paper. The railroad built from the San Diego & Arizona Railway at Plaster City to the quarry. as of CY 2017. Funding The Plan is funded by the USG Corporation Reti … The upgrade is based on continued improvement in USG's capital structure and financial flexibility resulting from strong operating performance and a successful debt reduction program. July 1975, after the jury returned guilty verdicts against each of the building in early 2007 makes Brand... 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