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Egyptian government to expand Golden Triangle Economic Zone
Written by Global Gypsum staff
05 April 2024
Egypt: The Egyptian government plans to expand the country’s Golden Triangle Economic Zone (GTEZ), a development region centred on mineral extraction. Gypsum is among the key products of the GTEZ, alongside phosphate, iron and gold. Zawya Projects News has reported that the government aims to establish a ‘comprehensive economic hub’ in the zone, including the development of residential, commercial and leisure facilities.
National Gypsum Company turns a profit in 2023
Written by Global Gypsum staff
02 April 2024
Saudi Arabia: National Gypsum Company’s sales amounted to US$13.8m in 2023, down by 5.5% year-on-year from US$14.6m in 2022. Reuters has reported that the company’s cost of sales dropped by 8% year-on-year. Nonetheless, it recorded a net profit of US$1.36m, against a US$1.71m loss in 2022.
Ak Bulut commences gypsum wallboard shipments to Georgia
Written by Global Gypsum staff
02 April 2024
Turkmenistan: Ak Bulut despatched its first shipment of gypsum wallboard to Georgia on 2 April 2024. Trend News has reported that Ak Bulut says that the market entry signals the innovation of the Turkmen building materials sector. The producer commissioned its 4Mm2/yr Dostluk gypsum wallboard plant in December 2023.
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.