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News Displaying items by tag: GGM60

Gypsum industry news

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Global gypsum products market to grow to US$85bn by 2032

02 January 2025

World: Research firm HTF Market Intelligence has projected 6.2% compound annual growth in the value of global sales of gypsum wallboard and plaster between 2024 and 2032. This would lead to a 54% rise over the eight-year period, from US$55bn to US$85bn.

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Cimpor Global to build gypsum plant in Kribi

19 December 2024

Cameroon: Cimpor and the government of Cameroon have signed an agreement to set up a gypsum plant in Kribi, South Cameroon. TCTBC News has reported the investment value of the plant as US$62.5m. The Cameroon Investment Promotion Agency and the Cameroon Türkiye Business Council facilitated the agreement.

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CertainTeed Canada to commence selling CarbonLow reduced-CO2 gypsum wallboard in 2025

09 December 2024

Canada: CertainTeed Canada will begin to sell its new CarbonLow range of reduced-CO2 gypsum wallboard in 2025. The range includes Easi-Lite, Type X and M2Tech boards and GlasRoc sheathing. The products offer 60% lower emissions cradle-to-gate than the company’s ‘traditional’ gypsum wallboard.

Published in Global Gypsum News
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GMS raises sales in second quarter of 2025 financial year

06 December 2024

US: GMS raised its sales by 3.5% year-on-year to US$1.5bn in the second quarter of the 2025 financial year. The producer noted volumes growth and ‘resilient or improved’ pricing across its product categories, with gypsum wallboard accounting for 39% of total sales. It recorded an impact of US$20m in reduced sales due to Hurricanes Helene and Milton, primarily impacting the single-family residential market. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 11% to US$152m.

GMS said that an ‘attractive capital structure’ helped it to achieve its strategic priorities in the quarter, including expanding its market share for its core products.

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New Zealand government reviews competition rules

06 December 2024

New Zealand: The government has launched a ‘major’ review of competition rules to combat monopolies and improve economic productivity. Fuseworks Media News has reported that the review is partly a response to a gypsum wallboard supply ‘crisis’ in 2022.

Commerce and Consumer Affairs Minister Andrew Bayly said "We have launched a two-pronged approach: 1 – to update the competition settings in the Commerce Act to ensure our legal framework is right; and 2 – to review the governance and effectiveness of the Commerce Commission to ensure our regulatory and enforcement framework is right."

Published in Global Gypsum News
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Leichhardt Industrials Group purchases Lake MacLeod gypsum and salt production site

06 December 2024

Australia: Leichhardt Industrials Group has completed its acquisition of gypsum and salt extraction operations at Lake MacLeod, Western Australia. The operations also include a deepwater port at Cape Cuvier. Contify Investment News has reported that Leichhardt Industrials Group paid the seller, Rio Tinto subsidiary Dampier Salt, US$241m.

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National Gypsum Donates US$1m for education in North America

04 December 2024

US: National Gypsum has donated US$1m to 42 schools and non-profit organisations in the US and Canada. Employees from subsidiaries including Gold Bond Building Products, Gold Bond Canada, PermaBASE Building Products, ProForm Finishing Products and Unifix nominated the beneficiaries.

Chair Thomas Nelson said that initiatives of this kind are “crucial in equipping the next generation with the skills and knowledge to become innovative leaders.”

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Saint-Gobain Placo installs heat and water recovery system at Val-de-Cognac plant

29 November 2024

France: Saint-Gobain Placo has installed a heat and water recovery system in its Val-de-Cognac gypsum wallboard plant. In a post to LinkedIn, the company said that the new system has reduced the plant’s CO₂ emissions by 14%, its energy consumption by 11% and its water consumption by 10% compared to 2019 levels.

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Shera targets 40% Philippines building materials market share

22 November 2024

Philippines: Thailand-based Shera aims to increase its market share in the Philippines building materials sector to over 40% by the end of 2025, BusinessWorld News has reported. Shera Philippines head Thunnop Jumpasri said that this will involve an expansion of its operations in Mindanao and Visayas.

This coincides with Shera’s launch of two gypsum wallboard products, the Gypsum Standard Board and Gypsum Moisture Resistant Board, on 21 November 2025.

Published in Global Gypsum News
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