China/Tanzania: China National Building Material (CNBM) has started work on a gypsum wallboard plant in Tanzania. The project is part of its participation in the government’s ‘One bet, one road’ industrial strategy.
Revenue from the group’s new materials division that produces gypsum wallboard rose by 25% year-on-year in 2017 to US$2.03bn from US$1.62bn in 2016. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBTIDA) rose by 40% to US$577m from US$413m. Its production volumes of gypsum boards rose by 12% to 1826Mm2 from 1632Mm2.
