Gypsum industry news

Azerbaijan: Gypsum exporters in Azerbaijan deliberately reduced export prices of gypsum by a factor of 10 in 2014 to evade tax, according to research by the Turan Information Agency conducted on data from Azerbaijan and Georgia state sources.

According to the research, the export and import values for gypsum failed to match between Azerbaijan and Georgia in 2014, leading to a US$24.1m tax shortfall. Gypsum exported from Azerbaijan was valued at US$17/t but gypsum imported into Georgia was valued at US$170/t. Almost all export of gypsum of Azerbaijan appeared to go to Georgia according to data from the National Statistics Office of Georgia. Turan dubbed gypsum producers in Azerbaijan as the 'Gypsum Mafia'.

The main producers of plaster in Azerbaijan are Garant Holding and Gilan Holding. Both companies are located close to gypsum deposits in the Goranboy region. Gilan Holding has a joint venture with the German company Knauf for the production of wallboard.