Gypsum industry news

Saudi Arabia: USG Boral Middle East has rebranded as USG Middle East (USG ME) with the tagline ‘Innovative Solutions Everytime.’ The company is a joint venture between Knauf-subsidiary USG and Juman Industrial Investment Company. It was originally founded in 1985 and later become part of USG Boral. It produces gypsum wallboard, ceiling, interior finishing, substrate and metal framing products.

Saudi Arabia: Eight companies have been accepted by the Ministry of Industry and Mineral Resources to offer bids for an exploration license for gypsum ore at the Al-Qasab wells mining site. The preferential bidders include Saudi National Gypsum, El-Khayyat Gypsum, United Cement Industrial, Global Gypsum Company, United Mining Industries, Mada Gypsum and ASK Gypsum, according to the Arab News newspaper. The proposed site is located south of Nabat in Al Madinah province. The initiative is part of the government’s plans to further develop the country’s mining sector.

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.