
Gypsum industry news
US: Eagle Materials recorded sales of US$2.3bn in the 2025 financial year, which ended on 31 March 2025. This corresponds to a rise of less than 1% year-on-year. Group net earnings were US$463m, down by 3%.
In the Light Materials segment, revenues rose by less than 1% to US$2.26bn. This was driven by increased recycled paperboard sales volumes and prices. Gypsum wallboard sales volumes were 279Mm2, up slightly year-on-year. They rose in price by 1%, to US$2.54/m2. As a result, revenues from gypsum wallboard reached US$846m, up by 0.8% from US$840m in the 2024 financial year.
US: Georgia-Pacific has released its 2024 Stewardship Report, highlighting progress across five operational pillars: Challenge, Connect, Conserve, Contribute and Control. Under the Contribute pillar of responsible products, Georgia-Pacific noted the launch of its DensDeck gypsum roofing panels, which are designed to be able to support solar panel installations on commercial buildings. Meanwhile, under the Control pillar of impact mitigation, Georgia-Pacific noted the implementation of a No Idling policy for trucks at its Sweetwater plant in Texas.
The company’s SO₂ emissions fell by 26,000t (75%) in the 14-year period since 2010, with further reductions planned.
Georgia-Pacific has historically published a full Sustainability Report along with its results for full financial years, ending 31 March.
US: Workers have walked out of Saint-Gobain CertainTeed’s Blue Diamond gypsum plant in Nevada after rejecting the company's final contract offer. The International Brotherhood of Teamsters has reported that 70 of the plant’s employees will participate in the action in protest against the contract offer, which fell ‘way short of acceptable.’
US: Paul Johnson Drywall (PJD) has acquired the assets of gypsum wallboard supply and installation contractor Advanced Drywall Systems. Advanced Drywall Systems serves New Jersey and Pennsylvania. Its entire team will stay on as part of PJD.
Advanced Drywall Systems director David Bedo noted the growth opportunities presented by the acquisition, adding "We are most excited about the opportunity to deliver the market-leading service that Advanced Drywall Systems is known for to more of the region's homebuilders."
North America: Saint-Gobain North America has won a Silver Stevie Award in the Large Manufacturing Company of the Year category for its circularity initiatives, rapid growth and commitment to US industrial development. 3BL News has reported that the company will claim the prize at the 23rd annual American Business Awards ceremony in New York City later in 2025.
The recognition comes as Saint-Gobain celebrates its 360-year anniversary. It has invested a combined US$400m in plant expansions and upgrades scheduled to come online in 2025, including building North America’s first carbon-neutral gypsum wallboard plant at its Montreal facility in Quebec, Canada.
Massachusetts government launches recycling grants
30 April 2025US: The Massachusetts Department of Environmental Protection has launched the Waste Reduction Innovation Grant (WRIG) initiative. The initiative will provide funding between US$50,000 and US$100,000 for up to 10 recycling projects and between US$500,000 and US$2m for up to four further projects. Gypsum wallboard is among the recyclables eligible for funding, along with other building materials like bitumen felt shingles and wood.
Construction & Demolition Recycling News has reported that the WRIG initiative supports Massachusetts’ Solid Waste Master Plan to reduce landfill by 30% by 2030 and by 90% by 2050.
Julie Howard becomes president of Georgia-Pacific Gypsum
09 April 2025US: Georgia-Pacific has appointed Julie Howard as president of its Gypsum business. The position will require Howard to oversee 3000 employees across sites including 12 gypsum units across the US, producing 465Mm2/yr of wallboard.
Howard has served as Vice President and General Manager, Paper Towels and Napkins, since 2017, and previously served in management roles in various businesses since joining the company in 2007. Before that, she worked for chemicals company Solenis and asset management company GATC. She also served as a graduate assistant to the Economic Forecasting Center at Georgia State University in Atlanta, where she completed her Master’s in Business Administration. Howard holds a bachelor’s degree in German and International Studies, which she completed at Ohio University in Athens and Johannes Gutenberg University Mainz in Germany.
US home-building costs to rise by US$7500 – 10,000 due to gypsum wallboard and lumber tariffs
28 March 2025US/Canada: The costs of construction of new single-family homes are set to rise by US$7500 – 10,000/unit, according to the National Association of Home Builders. This is due to the government’s introduction of a new 25% tariff on Canadian gypsum wallboard and its raising of the tariff on softwood lumber to the same level from 14.5%.
Australia/US: The value of James Hardie’s Australia-listed shares fell by 15% following the announcement of a deal to buy AZEK. Financial analysts have expressed concern that the company is overpaying for more access to a slowing US housing market, according to Reuters. Analysts from Morgan Stanley said that the deal carried "a heavy premium and elevated multiple.” They added that they expected the market would be wary of synergy savings targets.
James Hardie agreed to buy AZEK for US$8.75bn, using a combination of cash and shares, on 24 March 2025. As part of the deal it will take on AZEK’s net debt of US$386m. AZEK shareholders will receive US$26.5 in cash and 1.034 ordinary shares of James Hardie for each AZEKL share they own. Upon completion of the transaction, James Hardie and AZEK shareholders are expected to own approximately 74% and 26%, respectively, of the combined company. It is hoped that the deal will create a “leading exterior and outdoor living building products growth platform.” The transaction is expected to close in the second half of 2025. It is subject to customary closing conditions, regulatory approvals and AZEK shareholder approval.
James Hardie manufactures fibre gypsum products in Europe and fibre cement products around the world. It is headquartered in Ireland, its management is based in the US and it is listed in both Australia and the US. AZEK makes exterior residential decking, siding, trim and moulding products. It is based in the US.
National Association of Home Builders highlights possible effects of new US tariffs on gypsum supply
06 March 2025US: The National Association of Home Builders (NAHB) says that more than 71% of the US’ total annual imports of gypsum originate in Mexico. The association has highlighted the possibility of ‘scarcity and an acute, sustained rise in building materials costs’ as a result of new tariffs. The US government imposed 25% duties on products from Mexico and fellow North American country, Canada, on 4 March 2025.
NAHB said that it will ‘continue to seek a tariff exemption for building materials.’