Gypsum industry news

Saudi Arabia: Mada Gypsum plans to reposition itself as a solutions provider, while retaining its core offer of gypsum wallboard. Accordingly, it has launched a new brand identity under the motto Building Excellence. Gulf Construction News has reported that the company is seeking to increase its offering of gypsum wallboard internal lining solutions and to maximise its production of components for its system solution in-house.

President Greg Smith said “Mada Gypsum has been repositioning itself and building capabilities with a focus on promoting itself as a system provider. This shift from being a plasterboard supplier to systems supplier was an important differentiator that allowed us to leverage the strength we have with our other products such as metal profiles, ceiling tiles, glass matt sheathing, fibre cement boards and joint compound.” Smith concluded “Our evolution now to a solution provider is a natural progression, as we have the structure, the people and the products in place.”

India: The government has imposed an anti-dumping duty on imports of calcined gypsum from China, Iran, Oman, Saudi Arabia and the UAE. The Press Trust of India newspaper has reported that the duty will remain in place for the duration of the five-year period ending on 31 December 2026. The Commerce Ministry said that the duty’s aim is to guard local suppliers against the impacts of below-cost imports in accordance with World Trade Organisation (WTO) regulations.

Saudi Arabia: National Gypsum recorded consolidated sales of US$12.5m in the first half of 2021, down by 11% year-on-year from US$14.1m in the first half of 2020. Its profit for the period fell by 13% to US$5.30m from US$6.11m.

Saudi Arabia: National Gypsum’s three-month profit in the first quarter of 2021 declined by 23% year-on-year to US$7.20m from US$9.33m in the first quarter of 2020. During the quarter it recorded a net profit of US$3.78m, down by 20% from US$4.72m.

Saudi Arabia: National Gypsum’s net sales in the first nine months of 2020 were US$22.0m, up by 82% year-on-year from US$12.1m in the corresponding period of 2019. Net profit rose significantly to US$8.60m from US$416,000.

Saudi Arabia: National Gypsum Company ‘s sales rose by 40% year-on-year to US$16.3m in 2018 from US$11.7m in 2017. Its net profit after Zakat and tax was US$3.01m following a loss of US$4.38m in 2017. The company attributed its turnabout to increased sales, external investment and changes in its accounting.

Saudi Arabia: National Gypsum Company has reported that its net profit fell by 64% year-on-year to US$1.5m in the first half of 2016, from US$4.2m in the same period in 2015. Its net profit for the second quarter of 2016 fell more sharply, dropping by 80% to US$573,000.

Saudi Arabia: National Gypsum has reported that net profit for the fourth quarter of 2015 fell by 66% to US$282,000 from US$828,000in the same period in 2014. Operational profit fell to US$773,000 from US$1.27m.

Net profit for the year in 2015 remained static at US$5.78m compared to US$5.79m in 2014. Operational profit fell by 36% year-on-year to US$3.47m from US$5.41m.

Saudi Arabia: Mada Gypsum Co, part if Al Rajhi Building Solutions Group and a Saudi producer of gypsum wallboard and related gypsum products, plans to build a new environmentally-friendly gypsum plant in Saudi Arabia. It will meet the increasing demand for gypsum and modern building materials and systems in the GCC and the Middle East.

The new US$67m investment will provide work for around 200 employees. It will have a production capacity of approximately 30Mm²/yr of gypsum wallboard and related gypsum based products and systems.

"We see promising growth in the building solutions market across the GCC region, driven by the strong fundamentals of the construction industry," said D Khalid S Al-Rajhi, chairman of Al-Rajhi Building Solutions Group. "Setting up this new plant in Saudi Arabia also confirms the strategic importance of Saudi Arabia as a platform to serve markets in Africa and Europe in addition to the GCC. The investment confirms our commitment to maintain leadership in the industry."

"The new plant will be equipped the with latest state-of-the-art manufacturing machines and production technology," said Ahmed Ibrahim Al-Bassam, CEO of Al Rajhi Building Solutions Group. "The plant will have a capacity of 30Mm²/yr and is scheduled to commence operation in the third quarter of 2016. Mada Gypsum Co is also proud of the environmental benefits associated with the new plant: This is a genuinely green project. The gypsum on site will be processed and removed, returning the site to its natural state."

Saudi Arabia: The Saudi industrial company Al-Ahsa Development's management board has halted the construction of a gypsum plant in the Al-Ahsa Governorate, Eastern Province. The decision was made after a feasibility study of the deposits showed that the economic efficiency would be insufficient. The company has spent US$879,952 on the feasibility study and government fees for the project.

In May 2008 Al-Ahsa got a licence from the Saudi Ministry of Petrol to build a gypsum plant with a capacity of 500,000t/yr. The company planned to invest US$40.3m in the project and expected US$23.5m/yr revenue.