Gypsum industry news

China: Beijing New Building Materials (BNBM) raised its revenues from its gypsum wallboard business in 2024, with a 56% rise in gross profit. The group says that it continues to strengthen its gypsum wallboard market presence. Home renovations have now risen to 35% of business sales. Taishan Gypsum increased its share of BNBM’s high-end product sales to over 2%.

Gypsum wallboard projects in Thailand and Bosnia & Herzegovina are under implementation ‘in an orderly manner’ in line with BNBM’s focus on increasing operational strength in South-East Asia, Central Asia, Periphery Middle East and Mediterranean-Europe.

US: GMS has reported a net profit over the three months to 31 January 2020, the third quarter of its 2020 fiscal year, of US$10.9m, up by 87% from US$5.83m in the corresponding quarter of its 2019 fiscal year. Its net sales over the period rose by 5.2% year-on-year to US$761m from US$724m. The company’s gypsum wallboard sales reached US$314m, up by 5.7% from US$297m in the third quarter of the 2019 fiscal year.

Australia: The board of directors of Boral has announced that Boral CEO and managing director Mike Kane will declare his retirement after delivering the company’s whole-year 2020 (1 July 2019 to 30 June 2020) results in mid-August 2020. Kane said, “I am proud of Boral’s people and I thank them for their continued support as well as the support of our customers. I remain committed to Boral and look forward to delivering Boral’s full-year 2020 results and facilitating a smooth leadership transition.”

The Sydney Herald newspaper reported that Boral revised its whole-year net profit forecast up from US$214m to US$228m, which would be down by 19% from US$281m in the Australian financial year 2019.