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News BNBM’s income grows by 25% to US$3.33bn in 2021

BNBM’s income grows by 25% to US$3.33bn in 2021

Written by Global Gypsum staff
31 March 2022
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China: BNBM’s operating income grew by 25% to US$3.33bn in 2021 from US$2.66bn in 2020. Its net profit rose by 23% to US$554m from US$451m. Its production and sales volumes of gypsum wallboard increased by 19% to 2.43Bnm2 and 18% to 2.38Bnm2 respectively. It reported a gypsum wallboard production capacity utilisation rate of 78%. The group added that data from the Gypsum Building Materials Branch of China Building Materials Federation showed that national wallboard production capacity was 4.90Bnm2/yr and that production and sales were 3.51Bnm2 in 2021.

Parent company CNBM separately reported that the group raised its average wallboard selling prices by 7%. It said it put up its prices in the reporting period due to high prices of coal, gypsum, paper and other raw materials. Internationally, the group said that a new wallboard plant in Tanzania had started operation in 2021 and that a new plant in Uzbekistan is still being built.

Published in Global Gypsum News
Tagged under
  • China
  • BNBM
  • CNBM
  • Results
  • China Building Materials Federation
  • price
  • raw materials
  • coal
  • energy
  • paper
  • Tanzania
  • Plant
  • Uzbekistan

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