United States Gypsum Company was incorporated on December 27, 1901, and is a subsidiary of USG Corporation. The company was formed by consolidating 30 gypsum and plaster companies. This resulted in forming the first nationwide gypsum company in the United States.
The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America. The company produces the popular SHEETROCK gypsum wallboard as well as the FIBEROCK Brand Panels and SECUROCK Brand Roof Board. In 2008, the company had net sales of US$4.416 billion and a loss of US$462 million. The company operates 21 gypsum board plants in the United States and has 14 gypsum mines and quarries in the United States, Canada and Mexico.
To transport gypsum rock from various quarries, the company owns and operates a fleet of oceangoing cargo ships based in Bermuda.
USG is a major consumer of synthetic gypsum, a byproduct of flue-gas desulfurization. The company operates seven paper mills that produce high-grade wallboard paper from 100% recycled paper.
In 1999, a record 25 USG plants exceeded 1,000,000 safe hours, and 39 plants worked 1,000 days without a lost workday. In the 75-year history of the safety sentinel program, USG has been awarded the MSHA's "Sentinels of Safety" award 15 times - more than any other company.
In its October 2004 issue, Chicago magazine named USG as one of the 25 best companies to work for in the Chicago metropolitan area.
In 2006, Fortune magazine ranked USG #1 in the most admired companies in the building materials, glass industry with an overall score of 7.25.
In 2008, the US mortgage crisis and the sharp decline in residential construction contributed to USG's $463M net loss.
Read more about this topic: USG Corporation
Famous quotes containing the words united states, united, states and/or company:
“Prior to the meeting, there was a prayer. In general, in the United States there was always praying.”
—Friedrich Dürrenmatt (1921–1990)
“Human life in common is only made possible when a majority comes together which is stronger than any separate individual and which remains united against all separate individuals. The power of this community is then set up as “right” in opposition to the power of the individual, which is condemned as “brute force.””
—Sigmund Freud (1856–1939)
“I cannot say what poetry is; I know that our sufferings and our concentrated joy, our states of plunging far and dark and turning to come back to the world—so that the moment of intense turning seems still and universal—all are here, in a music like the music of our time, like the hero and like the anonymous forgotten; and there is an exchange here in which our lives are met, and created.”
—Muriel Rukeyser (1913–1980)
“Some fluctuating notions concerning repentance, virtue, honor, morality ... hovered around Lady Dellwyn’s thoughts but were too wavering to bring her to any fixed determination. She became a constant attendant from one public place to another, where she met with many mortifications. But yet even these were not quite so dreadful to her as to retire and be subjected to her own company alone.”
—Sarah Fielding (1710–1768)