USG Corporation Announces a Joint Venture in China to Manufacture and Market Ceiling Tiles and Grid Systems

September 18, 2007

CHICAGO--(BUSINESS WIRE)--USG Corporation (NYSE:USG), today announced that it has entered into a joint venture agreement with a leading Chinese building materials company to manufacture a complete line of acoustical ceiling tiles and grid systems in China. USG’s partner in this venture is BBMG Corporation, formerly known as Beijing Building Materials Group, the sole parent of Beijing Star Building Materials Company, a leading mineral fiber tile producer in China, with net sales of $1.3 billion, employing 20,000 in China.

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