Gypsum industry news
Azerbaijan’s gypsum production down by 5.5% in January 2020
24 February 2020Azerbaijan: Azerbaijan produced 400t of building gypsum in January 2020, down by 5.5% year-on-year from 423t in January 2019. The total value of building materials produced in the country was US$30.8m, up by 35% from US$22.8m in January 2019.
Gyproc plasterboard resumes full UK availability
13 January 2020UK: Saint-Gobain subsidiary British Gypsum has announced the removal of customer Gyproc gypsum plasterboard allocations with the resumption of normal distribution of its flagship product on order for up to next day delivery. The company said that capacity increases in 2019 solved its supply issue. “The level of effort, innovation and ingenuity that has gone into improving our supply capability has been significant,” said British Gypsum managing director Matt Pullen. “We go into 2020 with renewed confidence and positivity.”
France: Saint-Gobain’s Interior Solutions division sales rose by 4.6% year-on-year to Euro6.88bn in 2017 from Euro6.58bn in 2016. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 3% to Euro953m form Euro982m. The group said that its division sales grew faster in the second half of the year, driven by growth in Asia and emerging countries. Volumes continued to pick up in Western Europe, especially in France. Trading in North America improved in the second half. Prices rose ‘significantly’, with an acceleration over the course of the year, but remained behind the ‘sharp’ increase in raw material and energy costs.
“All Business Sectors and regions contributed to this good set of results, especially France, which confirmed its recovery. In line with our focus on pricing in an environment where inflation is increasing once again, sales prices rose significantly, particularly in the second half of the year,” said Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain.
Reconstruction helps Eternit in Peru
08 August 2017Peru: The local arm of global building materials manufacturer Eternit has recorded a 39% increase in sales in Peru during the first half of 2017 due to greater sales volumes in many of the company's main lines. This includes gypsum wallboard sales and sales of temporary housing modules to the Peruvian State as part of the government's reconstruction of areas damaged by floods in March 2017. While high prices of plaster and fibreglass benefitted the firm in the first half, Eternit expects prices to fall during the second half of 2017.
Gypsum wallboard sales fall by 6.8% in 2016 in Argentina
07 February 2017Argentina: Sales of gypsum wallboard have fallen by 6.8% year-on-year in 2016, according to data from the National Statistics and Censuses Institute (INDEC). Overall, the domestic construction sector declined by 12.7% in 2016.
USG sells gypsum mine in Nevada
08 June 2016US: USG has sold its gypsum mine in Empire, Nevada to the Empire Mining Company for US$10.3m. The Empire Mining Company purchased the mine and associated land on 27 May 2016, according to land records accessed by the Reno Gazette-Journal. USG shut the mine in late 2010 and the locale has since been described as a 'ghost town'. USG has not commented on the sale.
LafargeHolcim mulls US$3bn exit from Australasia’s gypsum sector
27 November 2015Australasia: LafargeHolcim is believed to be considering an exit from Australia and New Zealand, with the region under the spotlight as part of a strategic review globally of non-core assets. It is understood that a private equity firm has already made an approach for some assets, amid a period of global consolidation in the industry.
Lafarge sold its Australian gypsum operations four years ago for US$127m to Knauf, but Holcim has remained one of the most dominant suppliers in the Australian and New Zealand market of aggregates, concrete and concrete pipe and products. While the division is likely to be too large for Boral, it may pursue parts of the business or partner with another buyer to secure some of the LafargeHolcim assets. However, it is believed that the most likely acquirers include CRH and Votorantim.
Australia's construction industry has been enjoying strong conditions on the back of a recent boom in residential house prices in Melbourne and Sydney. Brickworks, the country's largest brick and tile maker, recently flagged a lift in its earnings for the 2016 financial year on the back of the strong momentum in its building products group.
Lone Star Funds to sell stake in Continental Building Products through secondary offering
14 September 2015US: Lone Star Funds has agreed to sell 4 million shares of common stock in Continental Building Products (CBP) through an underwritten secondary offering. Based on the closing price of CBP's common stock on 9 September 2015, the offering is valued at approximately US$85.2m. The underwriter has a 30-day option to purchase up to an additional 600,000 shares of common stock from the selling stockholder. Credit Suisse Securities (USA) LLC is acting as the underwriter for the offering, which is expected to close on 16 September 2015.
Egypt: Sales from Knauf's recently opened wallboard plant in Suez could reach US$15m in Egypt and Africa during the first year of production, according to Alexander Knauf, managing partner of the company. The company plans to sell 8Mm2 of gypsum wallboard during the first year of operation, Knauf said in a statement.
Building material production increases by 22% in Azerbaijan
20 January 2015Azerbaijan: Construction materials producers manufactured goods worth US$585m in 2014, some 22.2% more than in the same period of 2013, according to the Azerbaijani State Statistics Committee's report. During the period, Azerbaijan produced 2.98Mt of cement, a 40.5% increase compared to the same period of 2013 and 192,800t of gypsum, 23.3% more than in 2013.