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Saint-Gobain Placo launches Glasroc X 13 gypsum wallboard
Written by Global Gypsum staff
02 April 2024
France: Saint-Gobain Placo has launched Glasroc X 13, a ‘three-in-one’ gypsum wallboard for use in façades and exterior shells for wood-frame structures. The producer says that the board embodies three key benefits for wooden construction applications: fire protection, weather resistance and stability. It can be left uncovered for up to six months before cladding, and is available in 1200mm or 1250mm widths.
BNBM grows revenue and profit in 2023
Written by Global Gypsum staff
28 March 2024
China: Beijing New Building Materials’ (BNBM) operating revenue increased by 11% year-on-year to US$3.10bn in 2023 from US$2.79bn in 2022. Its net profit rose by 32% to US$483m from US$367m. Its sales volumes of gypsum wallboard rose by 4% to 2.17Bnm2 from 2.09Bnm2. This compares to total national sales of 3.21Bnm2. The company is the largest seller of wallboard in China.
The subsidiary of CNBM reported that the country has a wallboard production capacity of 4.95Bnm2/yr, using data from Gypsum Building Materials Branch of the China Building Materials Federation, although 280Mm2/yr of this is classified as ‘backward and uncompetitive.’ It also added that the National Development and Reform Commission proposed in February 2024 that China phase out wallboard production lines with a capacity below 10Mm2/yr as part of the country’s plans to become net zero by 2060.
Siam-Indo Gypsum Industry exports gypsum products to Brunei Darussalam
Written by Global Gypsum staff
11 March 2024
Brunei Darussalam/Indonesia: Siam-Indo Gypsum Industry delivered a shipment of gypsum products to Brunei Darussalam earlier in March 2024. The Borneo Bulletin newspaper has reported that the shipment will contribute materials for a 1000-unit housing development in country.
Importer VSL Systems reported that Indonesia's exports to Brunei Darussalam increased consistently year-on-year every year between 2018 and 2022.
IMARC Group forecasts 2.6% composite annual growth rate in North American gypsum market up to 2023
Written by Global Gypsum staff
11 March 2024
North America: Market research company IMARC Group has quantified the North American gypsum wallboard market at 2.9Bnm2 in 2023. In a report detailing the outlook for the nine years up to 2032, IMARC Group forecast a composite annual growth rate (CAGR) of 2.6%, resulting in sales volumes of 3.6Bnm2 in 2032.
Etex records sales and earnings growth in 2023
Written by Global Gypsum staff
07 March 2024
Belgium: Etex reported sales of €3.81bn in 2023, up by 2.5% from 2022 levels. The company's recurring earnings before interest, taxation, depreciation and amortisation (REBITDA) rose by 10% to €712m. It also raised its capital expenditure for the year, to €371m. Etex says that it was Europe’s leading gypsum recycling performer, with a recycling rate of 8.6% of all gypsum used. The group is ‘actively preparing’ to help rebuild Ukraine as soon as conditions permit.
CEO Bernard Delvaux said “Even more so than 2022, 2023 was a challenging year marked by volatility, uncertainty and severe drops in demand across the world, as we observed the continued impacts of increased energy prices and interest rates. Combined with tougher financing possibilities by banks, all these circumstances meant that both renovation and new construction levels dropped globally. Devaluation of some foreign currencies and hyperinflation accounting also had significant effects on our results. Despite all these challenges, I am extremely proud to share that Etex navigated these difficult waters very well and delivered yet again another record year. This includes our highest ever revenue and REBITDA, among others. This strong performance stems from our anticipation in making strategic decisions and changes at global, regional and local levels, ensuring continued proximity with our customers. This is also a result of even tighter cost monitoring in 2023, without ever losing sight of our long-term ambitions and continuing to improve our strong industrial footprint.”