Gypsum industry news

Oman: The Omani government has granted a mandate to Minerals Development Oman subsidiary Oman Minerals Trading Company to manage marketing and export of the country’s gypsum and chrome ore. The mandate imposes new rules that require the Omani gypsum trade to prioritise the local market over exports. A new supplier and buyer registration programme will launch in mid-late 2025, in advance of full implementation of the new system in May 2026.

Minerals Development Oman CEO Mattar Salim Al Badi said "We deeply value the Ministry of Energy and Minerals' trust in tasking the Oman Minerals Trading Company with organising and exporting gypsum and chrome ores. This authorisation marks a strategic milestone, poised to boost supply chain efficiency, unify marketing efforts and ensure transparent, fair pricing."

Oman produced 14Mt of gypsum across 15 licensed mines in 2024.

Brazil: Trevo Drywall has won a contract to supply 50,000m² of gypsum wallboard to the Gênesis Condominium residential development in Fortaleza, Ceará. Additionally, the company will supply joint compounds, steel profiles and screws. The building will be the first of its kind in the state to feature light steel frame (LSF) construction, halving build times. Construction commenced in late June 2025, with the first 40 units due to be ready for occupation in June 2026.

Canada: CGC has entered into a definitive agreement to acquire steel framing components and gypsum wallboard trims producer Imperial Building Products (IBP). IBP operates five plants in Alberta, British Columbia, New Brunswick, Ontario and Quebec.

Kazakhstan: Germany-based Knauf will build a US$30.5m, 225,000t/yr dry plaster mix plant in Zhambyl, creating 100 new jobs in the region. When operational, 80% of the plant’s production will supply the domestic market and 20% will supply other Central Asian countries. Business World Magazine News has reported that Knauf has secured a licence for gypsum extraction at the Ulken-Burultau deposit in the Zhambyl region with verified reserves of 84Mt.

Knauf regional representative Alexander Blumhardt said "We consider Kazakhstan as a priority direction for the development of our business in the region. The country has a powerful raw material base, a growing market and high openness to investors."

US: Roofing products distributor QXO has offered to acquire GMS for US$5bn and said it will proceed with a hostile takeover if GMS rejects or does not engage with the offer by 24 June 2025. In a letter submitting the offer, QXO said that the proffered sum is 27% above GMS's current 60-day volume-weighted average value. GMS distributes gypsum wallboard, other gypsum products and steel framing from 300 distribution centres.

If the acquisition proceeds, it will bring QXO into the interior building materials production business for the first time. In the roofing distribution segment, it acquired Beacon Roofing Supply for US$11bn earlier in 2025.