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Fletcher Building Materials increases sales and earnings in 2022 financial year

Written by Global Gypsum staff
17 August 2022

New Zealand: Fletcher Building Materials recorded consolidated sales of US$5.37bn during its 2022 financial year, up by 4.7% year-on-year from US$5.13bn in the previous year. Its net earnings also rose by 42%, to US$273m from US$193m.

The group's building materials division, which includes Winstone Wallboards, contributed US$1.02bn-worth (17%) of group sales. The business delivered 'strong' volumes, with pricing initiatives effectively offsetting cost inflation. The latter particularly impacted imports of raw materials. The business made capital expenditure investments of US$129m, of which US$98.4m went towards the construction of Winstone Wallboards' upcoming Tauriko gypsum wallboard plant in the Bay of Plenty region. The plant's commissioning in 2023 will increase the company's production capacity by 30% and reduce its CO2 emissions and waste generation.

Fletcher Building Materials chief executive officer Ross Taylor said "The 2022 financial year has not been without its challenges. Global and national supply chain disruptions have continued into the third year of the Covid-19 pandemic. In New Zealand, surging plasterboard orders following the first quarter lockdown outstripped our ability to supply, despite our manufacturing facilities running at record levels. In recognition of our key role as a local manufacturer in keeping the market supplied, we carried out a range of measures to address the shortage including operating production lines 24/7, running down inventory, importing additional product, and establishing an emergency supply pool." Taylor added "The New Zealand Commerce Commission recently published its interim market study report into residential building supplies. The final report and recommendations will be published in December 2022 and in the meantime we will continue to work collaboratively with both the commission and the government."

Published in Global Gypsum News
Tagged under
  • New Zealand
  • Fletcher Building
  • Winstone Wallboard
  • Results
  • Plant
  • Production
  • costs
  • raw materials
  • Imports
  • shortage
  • supply
  • CO2
  • sustainability
  • investment
  • government
  • Commerce Commission
  • coronavirus
  • market
  • capacity

Siniat to achieve 30% gypsum recycling by 2025

Written by Global Gypsum staff
16 August 2022

UK: Etex subsidiary Siniat says that its upcoming second gypsum wallboard plant at its Bristol site will help it to achieve 30% post-consumer gypsum recycling in its UK wallboard production by 2025. The new plant is scheduled for commissioning in 2023. The producer secured its supply of recycled gypsum from local waste management subsidiary Crucible Gypsum Recycling in 2020. The plant will also supply some of its water consumption from rainwater harvesting on-site. Electric charging stations will eventually support a 100% electric forklift fleet at the site.

Siniat will also invest Euro11,900 towards cycle and pedestrian paths to improve access to the Bristol site.

Published in Global Gypsum News
Tagged under
  • UK
  • Siniat
  • Etex
  • Plant
  • sustainability
  • Crucible Gypsum Recycling
  • water
  • rainwater harvesting
  • vehicles
  • investment
  • Recycling
  • cycling
  • Delay
  • energy

Commerce Commission reports back on New Zealand wallboard market

Written by Global Cement staff
10 August 2022

New Zealand: The Commerce Commission has said that builders have found it difficult to substitute alternative brands of gypsum wallboard because the building material is commonly specified by brand in building plans. Differences in consenting decisions by local government authorities and quantity-forcing rebates for wallboard have also been identified as making it harder for builders to source supplies. The regulator has been investigating general residential building supplies since November 2021 and made the comments as part of a draft report.
Commission chair Anna Rawlings said “Our preliminary view is that competition for the supply of key building supplies is not working as well as it could, and would be improved if it was easier for building products to be introduced and for competing suppliers to expand their business.”

The draft report has found certain brands of product have become ‘embedded’ in home-building practice in New Zealand and has recommended that the building regulatory system should include competition as a deliberate objective. It added that, in some circumstances, some types of rebates paid by established suppliers to merchants appeared to be reinforcing difficulties faced by competing products. The commission will now take comment on its draft report until September 2022. The final report will be published in December 2022.

Winstone Wallboards’ GIB product range is the main brand of wallboard used in the country. The company is reported to hold around a 95% share of the local market. Wallboard shortages have been reported since mid-2021.

Published in Global Gypsum News
Tagged under
  • New Zealand
  • supply
  • market
  • Report
  • retail
  • Product
  • brand
  • shortage

GIPS welcomes government stock take of German gypsum supplies

Written by Global Gypsum staff
10 August 2022

Germany: The German Gypsum Association (GIPS) has welcomed the publication of a government report that took an inventory of natural gypsum deposits. It supports the work as it allows its members to make qualified decisions about future planning. The Federal/state committee for soil research (BLA-GEO) has created a register of gypsum supplies in the country. The association added that it believes there will be no large-scale alternatives to natural gypsum supplies in the foreseeable future. This is due to low volumes of gypsum recycling and falling production of flue gas desulfurisation (FGD) Gypsum as coal power plants are shut down.

Published in Global Gypsum News
Tagged under
  • Germany
  • Gips
  • Recycling
  • FGD Gypsum
  • Research
  • Report
  • natural gypsum
  • Mining
  • supply
  • strategy

Saint-Gobain launches sustainability-linked bond

Written by Global Gypsum staff
09 August 2022

France: Saint-Gobain has launched a Euro1.5bn bond issue. The issue consists of three Euro500m tranches, with maturities of three, six and 10 years. It is linked to two indicators of Saint-Gobain sustainability targets, namely its progress towards a 33% reduction in Scope 1 and 2 CO2 emissions and an 80% reduction in production waste between 2017 and 2030. The company said that the transaction will enable it to extend the average maturity of its debt with mid to long-term funding.

CFO Sreedhar Natarajan said “Sustainable growth is at the heart of Saint-Gobain’s business model. The issuance of a sustainability-linked bond demonstrates the strength of Saint-Gobain’s commitments set out in its environmental and social governance roadmap. The group aims in particular to tackle the big energy and environmental challenges faced by the world with its contribution to reduce CO2 emissions in its operations, and also decarbonise construction and industrial activities through its sustainable solutions”

Published in Global Gypsum News
Tagged under
  • France
  • bond
  • SaintGobain
  • finance
  • CO2
  • emissions
  • target
  • Waste
  • Recycling
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