A Chinese drywall maker announced that it settled a case brought against it by U.S. homebuilder, Beazer Homes, for an undisclosed dollar amount. Knauf Plasterboard Tianjin (KPT), through its legal representative, Don Hayden, said the settlement was reached in an attempt to put the issue behind them while assisting with Chinese drywall repair efforts. The company said its drywall was imported into the United States within a 10-month period in 2006 and that KPT drywall accounts for 20 percent of all drywall imported from China during that period.

May 26, 2010