Gypsum industry news
Global gypsum products market to grow to US$85bn by 2032
02 January 2025World: Research firm HTF Market Intelligence has projected 6.2% compound annual growth in the value of global sales of gypsum wallboard and plaster between 2024 and 2032. This would lead to a 54% rise over the eight-year period, from US$55bn to US$85bn.
Nigeria: BUA Group subsidiary BUA Gypsum Plaster has commenced operations at its new gypsum plaster manufacturing facility in Port Harcourt, Rivers State. The Punch newspaper has reported that that the plant will produce 877,000t/yr of plaster. The producer says that it aims to help to satisfy rising domestic demand and reduce Nigeria’s dependence on imported gypsum products.
GMS raises sales in second quarter of 2025 financial year
06 December 2024US: GMS raised its sales by 3.5% year-on-year to US$1.5bn in the second quarter of the 2025 financial year. The producer noted volumes growth and ‘resilient or improved’ pricing across its product categories, with gypsum wallboard accounting for 39% of total sales. It recorded an impact of US$20m in reduced sales due to Hurricanes Helene and Milton, primarily impacting the single-family residential market. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 11% to US$152m.
GMS said that an ‘attractive capital structure’ helped it to achieve its strategic priorities in the quarter, including expanding its market share for its core products.
Kenyan government urged to lift gypsum mining ban in Garissa County
20 November 2024Kenya: Gypsum traders in Garissa have called on the government to lift a ban on gypsum mining in the country. The ban also prevents land allocation and demarcation. The Star newspaper has reported that it resulted from a perceived security threat due to violence at local mines, in which 12 people have died.
Mine owner Issa Kuno invited Cabinet Secretary for Mining, Blue Economy and Maritime Affairs Hassan Joho to visit. He said “Personally, I have never experienced or witnessed any insecurity related to gypsum mining activities."
Natural gypsum mined in Garissa County previously sold for US$38.60/t.
Philippines Department of Trade and Industry imposes anti-dumping duty on Thai gypsum wallboard
14 November 2024Philippines: The Department of Trade and Industry (DTI) has placed imports of gypsum wallboard from Thailand under a provisional anti-dumping duty. The Philippines Daily Enquirer newspaper has reported that the duty takes the form of a cash bond and will remain in force until March 2025.
The DTI said there is ‘reasonable cause’ to believe that imported gypsum wallboard from Thailand is being dumped, meaning that it caused ‘material injury’ to domestic producers.
The local gypsum wallboard industry’s share of the domestic market reportedly dropped from 66% in 2022 to 58% in 2023.
CGC hosts community meetings over upcoming Wheatland wallboard plant
14 November 2024Canada: CGC is holding a series of meetings between 5 November and 3 December 2024 in which to discuss the possible impacts of its upcoming Wheatland wallboard manufacturing plant in Alberta with the local community. The Canadian Press News has reported that 100 jobs will be created at the plant. Hiring will commence in early 2025, prior to the plant’s commissioning later in 2024.
Plant manager Duane Van Douren said "We are focused on making sure that the communities around us are well aware of who CGC is, and providing information about our plant and the build that is happening on our site right now, which started back in early spring 2024 and is progressing very quickly.”
CGC reportedly told the Toronto Sun newspaper that current anti-dumping measures have reduced the availability of gypsum wallboard in Canada by 65Mm2 cumulatively since 2016. As a result, extant gypsum wallboard stocks are sufficient only to build 220,000 homes.
Raubex raises sales in first half of 2025 financial year
11 November 2024South Africa: Raubex recorded sales of US$617m in the first half of the 2025 financial year, following ‘strong performances’ across all divisions. This corresponds to a 30% year-on-year rise. Operating profit also grew, by 35%, to US$47.7m.
Raubex’s gypsum, concrete and aggregates subsidiary OMV performed ‘well,’ according to the parent company. It attributed the performance to a growth in the local construction industry.
US: Eagle Materials grew its sales in the first half of the 2025 financial year, which began on 1 April 2024, by 0.7% year-on-year. This resulted in revenues of US$1.23bn for the six-month period. The company’s earnings before interest and taxation (EBIT) also rose, by 1.5% year-on-year to US$378m. Its gypsum wallboard segment generated revenues of US$433m, up by 1%, with 1% growth in volumes, to 140Mm2.
President and CEO Michael Haack said “Eagle’s portfolio of businesses continued to perform well, despite ongoing adverse weather during the second quarter of the present financial year. We used our strong cashflow to continue advancing our long-term growth and value-creation strategies. We remain optimistic about our near-term and future opportunities and confident in our ability to execute on them. The current economic environment is constructive for our businesses. Employment is strong, recent inflation data should support a more accommodative monetary environment, spending from the Infrastructure Investment and Jobs Act is still in the beginning phases and housing supply remains chronically short because of decade-long production deficits.”
GMS raises first-quarter sales in 2025 financial year
29 August 2024US: GMS recorded first-quarter sales of US$1.4bn in the 2025 financial year, which began on 1 April 2024. This corresponds to a 3% year-on-year rise from first-quarter 2024 financial year levels. Group adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 16% to US$146m. During the reporting period, GMS increased its gypsum wallboard sales by 3%, to US$588m. It reported an overall rise in sales volumes, buoyed by 4% growth in single-family residential construction, offsetting declines in multi-family residential and commercial construction. President and CEO John Turner nonetheless announced a new US$25m/yr costs reduction programme, due to on-going ‘market pressures.’
Turner said "We continued to focus on the execution of our strategic pillars and adapting to shifting end-market demand, and are managing costs more firmly across the business. We believe the market pressures we faced this quarter will likely persist over the next several quarters, at least until the expected reduction in interest rates can positively impact demand for our products.”
Japan: Circular economy company TRE Holdings, a joint holding company of Takeei Corporation and River Holdings, raised its sales by 17% year-on-year to US$175m in the first quarter of the 2025 financial year. Its pre-tax profit was US$16.7m, up by 82% year-on-year. Gypsum wallboard recycling subsidiaries Green Arrows and Gypro reported a decline in sales and profit amid ‘sluggish’ order volumes.
For the full 2025 financial year, TRE Holdings expects to record sales of US$673m, up by 7%, and pre-tax profit of US$53.7m, up by 2%, in line with its previous outlook.