Gypsum industry news

Belgium: Revenue from Etex's Building Performance division rose slightly to Euro1.44bn in 2016 from Euro1.43bn in 2015. The division produces gypsum wallboard as well as fibre cement boards and other dry construction materials. The group said that it had posted sound results in 2016, particularly in Europe, its largest market, where it performed within expectations.

However, the company's overall revenue fell by 5.6% year-on-year to Euro2.88bn from Euro3.05bn. It blamed this on the sale of its ceramics floor and wall tiles business in Latin America and unfavourable exchange rates. On a like-for-like basis it said that its revenue rose by 1.5% in the period. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 10.4% to Euro404m from Euro366m.

Belgium: Etex's sales revenue has fallen by 2.8% year-on-year to Euro1.48bn in the first half of 2016 from Euro1.52bn in the same period in 2015. However, on a like-for-like basis the group said that its revenue rose by 2.6% when exchange rates and scope were taken into account. Its profit fell by 12% to Euro55m from Euro63m.

The group reported that markets in Germany and France remain weak due to manufacturing capacity being downsized. In Latin American countries growth was realised with the exception of Brazil. The profitability of this growth was under pressure from exchange rates and increased competition.

Belgium: Etex's cladding and building board sales revenue rose by 5% year-on-year to Euro1.44bn in 2015 from Euro1.38bn in 2014. It attributed the growth to a strong market in the UK, stabilised performance in construction markets in Germany and the Benelux region and recovery in most of South America.

Overall the company reported that its revenue rose by 2.3% to Euro3.05bn from Euro2.99bn. However, its profit fell by 60% to Euro37m from Euro95m. This was attributed to restructuring in Argentina, France and Germany and impairment charges. The cladding and building board business represents 47% of Etex's building products portfolio. It built three gypsum wallboard plants, in Peru, Brazil and Romania, in 2015.

Etex expects to achieve modest growth in revenue and profit in 2016.

Belgium: Etex has announced the addition of Caroline Thijssen, Guillaume Voortman and its CEO Paul Van Oyen to its Board of Directors. In addition, Marc Nolet de Brauwere, Amaury Pelgrims de Bigard and Philium bvba, represented by Philippe Coens, have left the board.

Caroline Thijssen is Head of Talent Banking and Management Dynamics at BNP Paribas Fortis. She gained a Master's degree in Economics and Management at the UCL, Université catholique de Louvain. She started her career in the financial world at BNP Paribas Fortis, with a two-year international management traineeship. Then, she fulfilled the roles of Deputy Branch Manager, Branch Manager and Group Branch Manager, before joining the HR department. She became a member of Etex's Board of Directors on 27 May 2015.

Guillaume Voortman is Head of Finance and Administration at Tropicore — a trading company for tropical commodities, such as rubber. He holds a Master's degree in Applied Economics and Management, which he obtained at the Facultés Universitaires Saint-Louis in Brussels and the UCL. He also gained an Advanced Master's degree in Financial Economics at the KU Leuven University. He began his career as equity trader at ING Bank Belgium. Afterwards, he moved to ING Bank Netherlands as Associate Relationship Manager, before joining Tropicore. He entered Etex's Board of Directors on 27 May 2015.

Paul Van Oyen has been attending the Board meetings since he was appointed CEO of Etex on 1 January 2015. On 27 May, he became a member of the Board in the role of Managing Director.

Romania: According to News website ZF English, Siniat Romania, part of Belgium's Etex Group, has completed the construction of its Euro50m, greenfield wallboard plant in the southern city of Turceni.

Belgium: Etex Group has reported a 1.9% year-on-year drop in sales revenue to Euro3bn in 2014. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by 11.6% to Euro226m from Euro234m. It attributed the decline to a poor second half, which was hit by a slowdown in public and private investments, poor exchange rates in South America, slowing growth in emerging markets and recession-like conditions elsewhere.

In its outlook Etex anticipates that cyclic fluctuations will continue to appear in all of its markets throughout 2015. Emerging markets are expected to show minor growth, while the fundamental situation in Europe, and particularly in France, needs to improve further. "Overall results are expected to be stable", says Paul Van Oyen, CEO of Etex.

UK/Belgium: Siniat has boosted its sales of its premium thermal wallboard by 56% year-on-year with a marketing campaign. Taxi Studio, a creative firm in Bristol, UK, devised a campaign to extol the benefits of using the premium thermal wallboard to persuade merchants, builders and homeowners to trade up from using a standard thermal wallboard to Siniat's premium offering.

Siniat's marketing and communications manager Fiona O' Callaghan said that the decision to bring in people with more expertise has paid off: "We had no experience of executing a national marketing campaign and the benefits of the thermal plasterboard are complex ones to communicate," she said. "What's more, having recently rebranded there was very little knowledge of the Siniat brand. Taxi Studio managed to devise a campaign that dealt with all aspects as well as creating a real internal buzz around the company. We're absolutely delighted with the results and the creativity of the campaign has really opened our eyes."

Belgium: Etex has announced that from 1 January 2015, a new leader will take the helm. Fons Peeters, the current CEO of Etex, will retire at the end of 2014 after 41 years with Etex, the last four of which he was CEO. Paul Van Oyen, currently the head of the Promat Division, will take over his role.

"On behalf of the board of directors, I would like to thank Fons Peeters for his immense dedication during his long career at Etex," said chairman of the board, Jean-Louis de Cartier de Marchienne. "His exceptional guidance proved to be an important added value for our company and ought to be an inspiration to all of us, since he helped to shape Etex as we know it today."

On 1 January 2015 Paul Van Oyen will take up the position. Before joining Etex, he worked for several years as a researcher and technologist. His career at Etex spans 24 years, during which period he gained both expertise and experience in different regions and different divisions of the company. Business development manager and head of the Eastern European business are some of his past roles. He has been developing Promat, Etex's high-performance insulation and passive fire protection division, since 2011. Paul Van Oyen has been appointed until the end of 2021 with the mission of pursuing further Etex's ambitious long-term strategy, which focuses on both internal and external growth.

"In order to trigger organic growth, Etex will maintain its capital expenditure programme with yearly investments of about Euro200m," said Jean-Louis de Cartier de Marchienne. "At the same time, the group will further reduce its debt, aiming at a debt ratio below two, which should open up future growth possibilities. In light of these ambitious plans, the board of directors and Etex's 17,500 employees wish Paul Van Oyen every success in guiding Etex on a path of continuous growth."

Belgium: During its General Assembly held in Brussels, Belgium on 21 May 2014, Eurogypsum elected the president of Saint-Gobain Gypsum Claude-Alain Tardy as president of Eurogypsum for the period of 2014 - 2016. Tardy succeeds Dott Maurizio Casalini, managing director of Knauf Italy, on the expiry of his statutory term of office.

Tardy is a civil engineer graduate of the École Centrale de Paris. He also has an MS in Industrial Engineering & Engineering Management from the University of Stanford, US. Tardy joined Saint-Gobain in 1981 and between 2005 and 2009 he was chief operating officer of Saint-Gobain Insulation, before being appointed as president of Saint-Gobain Gypsum in 2009.

"I am convinced that wallboard and plaster solutions will play a growing role in the future," said Tardy. "The unique attributes of our products; recyclability, ease of installation, fire resistance, acoustics and thermal properties make our systems inescapable for the construction and renovation of buildings. During my presidency I will concentrate my efforts on the promotion of gypsum industry solutions as the best option to create safe and comfortable interior spaces."

Belgium: Jean-Pierre Hanin joined Etex as its new Chief Financial Officer (CFO) on 1 September 2013. He succeeds Frédéric Deslypere, who becomes Division Director Latin America.

Hanin, age 47, has held various executive functions in the Belgian Lhoist Group, a producer of lime and dolomite. Following several years as CFO, he became its Chief Executive Officer (CEO) in 2011. Prior to Lhoist, he worked as an attorney in different law firms. In his function as CFO of Etex, Jean-Pierre Hanin will be a member of the Executive Committee.

Frédéric Deslypere, age 51, started as working for Etex as a Legal Advisor in 1991 and built up experience as Group Tax Advisor, as Finance Director for the Central & Eastern Europe Division and as Secretary General of Etex, responsible for legal and tax matters. In the past five years, Frédéric held the function of CFO at Etex. In his new role he will continue to be part of the Executive Committee. Deslypere will succeed the existing Division Director Latin America, Jorge Bennett, on 1 December 2013 after a handover period.