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News Displaying items by tag: raw materials

Gypsum industry news

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Etex raises prices to cover costs in first half of 2022

05 September 2022

Belgium: Etex’s revenue rose by 16% year-on-year to Euro1.79bn in the first half of 2022 from Euro1.46bn in the same period in 2021 on a like-for-like basis. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 20% to Euro319m from Euro266m.

Bernard Delvaux, the chief executive officer of Etex said, “In the first half of 2022, like many other industrial players, Etex had to cope with significant raw material and energy price inflation in the context of post-Covid-19 disruptions, volatility and the war between Russia and Ukraine. To face this situation, we had to implement a number of price increases. Our volumes and margins have been impacted, but these measures allowed us to achieve a positive evolution of both top line and bottom line.”

The company’s Building Performance division reported slightly lower gypsum wallboard sales volumes despite delivering a 16% increase in revenue to Euro1.23bn. The group also created an Insulation division in May 2022 following the completion of its acquisition of URSA.

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Fletcher Building Materials increases sales and earnings in 2022 financial year

17 August 2022

New Zealand: Fletcher Building Materials recorded consolidated sales of US$5.37bn during its 2022 financial year, up by 4.7% year-on-year from US$5.13bn in the previous year. Its net earnings also rose by 42%, to US$273m from US$193m.

The group's building materials division, which includes Winstone Wallboards, contributed US$1.02bn-worth (17%) of group sales. The business delivered 'strong' volumes, with pricing initiatives effectively offsetting cost inflation. The latter particularly impacted imports of raw materials. The business made capital expenditure investments of US$129m, of which US$98.4m went towards the construction of Winstone Wallboards' upcoming Tauriko gypsum wallboard plant in the Bay of Plenty region. The plant's commissioning in 2023 will increase the company's production capacity by 30% and reduce its CO2 emissions and waste generation.

Fletcher Building Materials chief executive officer Ross Taylor said "The 2022 financial year has not been without its challenges. Global and national supply chain disruptions have continued into the third year of the Covid-19 pandemic. In New Zealand, surging plasterboard orders following the first quarter lockdown outstripped our ability to supply, despite our manufacturing facilities running at record levels. In recognition of our key role as a local manufacturer in keeping the market supplied, we carried out a range of measures to address the shortage including operating production lines 24/7, running down inventory, importing additional product, and establishing an emergency supply pool." Taylor added "The New Zealand Commerce Commission recently published its interim market study report into residential building supplies. The final report and recommendations will be published in December 2022 and in the meantime we will continue to work collaboratively with both the commission and the government."

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Sika increases sales and profit in first half of 2022

25 July 2022

Switzerland: Sika’s sales were US$5.45bn in the first half of 2022, up by 18% year-on-year from first-half 2021 levels. The group also increased its operating profit during the half, by 23% to US$874m.

CEO Thomas Hasler called market conditions during the half ‘challenging.’ He continued “Thanks to our broad diversification, we operate in several markets with different levels of maturity, and we can leverage our solutions across a broad base. We were largely able to offset the increase in price for raw materials with higher product prices, and supply bottlenecks were resolved via our global procurement organisation. The current challenges will remain in the second half of 2022, but I am confident that we can meet our targets for 2022 thanks to our dedicated employees.”

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Upgrade to Etex’s Huachipa gypsum wallboard plant forecast to be completed in 2023

13 June 2022

Peru: Etex says that an upgrade to its Huachipa gypsum wallboard plant is currently being built and should be operational by mid-2023. It is intended to double the production capacity of the unit, according to the Gestión newspaper. The company has invested Euro36m in the project.

Etex markets its wallboard under the Gyplac brand locally. Robert Haanschoten Rodríguez, Etex’s Andean Region Marketing Manager, said that the country exhibits a strong self-build market. Gypsum wallboard sales represent 20 – 25% of the group’s sales in the country. Since 2018 sales of wallboard have grown by 50%. The country reportedly has a wallboard consumption of 0.7m2/capita compared to 4m2/capita in Chile. However, increases in the cost of raw materials have led Etex to put its product prices up by 5 – 12% across all lines.

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Eurogypsum names Jörg Ertle as its new president

29 April 2022

Belgium: Eurogypsum’s board of directors has elected Jörg Ertle president of the association. The Etex head of corporate social responsibility will succeed Saint-Gobain Group vice-president for sustainable development Emmanuel Normant, who now takes over the position of Eurogypsum vice-president. Knauf Group Central Europe managing director and Knauf Gips chair Christoph Dorn will serve as the association’ new treasurer.

Ertle studied mining and mineral engineering at RWTH University Aachen and holds a Ph.D in environment technology from Berlin Technical University. He has over 20 years’ gypsum industry experience, including time spent in management roles Lafarge before and after its acquisition by Etex. Having previously headed Etex’s worldwide gypsum sourcing, Ertle took on his current role in the group in 2019. He has also participated in different Eurogypsum working groups concerning raw material policy, and has chaired the association’s Environment and Sustainability Committee since 2018.

Ertle said “I am taking over Eurogypsum’s presidency at a challenging time for Europe, with a global climate and environmental challenge, as well as a particularly unstable international environment. Economic actors are working under increased regulatory and financial pressure.” He added “I am convinced that gypsum solutions are a strong enabler to facilitate this transition, supporting the ambitions of the European Green Deal.”

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ETEX boosts sales and earnings in 2021

04 April 2022

Belgium: ETEX recorded consolidated net sales of Euro2.97bn in 2021, up by 14% year-on-year from Euro2.62bn in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 12% to Euro522m from Euro468m, while its profit for the year dropped by 1.4% to Euro198m from Euro201m. The group’s building performance recorded like-for-like sales growth of 21% from 2020 levels and of 15% from 2019 levels. Its gypsum wallboard volumes grew year-on-year, while strong demand in all regions except South Africa impacted some export businesses through supply chain issues and increased shipping costs. The company adapted its prices to offset a sharp rise in raw material and energy cost prices.

During the year, ETEX acquired a top-three Australian gypsum wallboard producer and completed its rebranding as Siniat. It also diversified with the launch of a fourth group division, new ways, which includes light steel framing production operations.

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BNBM’s income grows by 25% to US$3.33bn in 2021

31 March 2022

China: BNBM’s operating income grew by 25% to US$3.33bn in 2021 from US$2.66bn in 2020. Its net profit rose by 23% to US$554m from US$451m. Its production and sales volumes of gypsum wallboard increased by 19% to 2.43Bnm2 and 18% to 2.38Bnm2 respectively. It reported a gypsum wallboard production capacity utilisation rate of 78%. The group added that data from the Gypsum Building Materials Branch of China Building Materials Federation showed that national wallboard production capacity was 4.90Bnm2/yr and that production and sales were 3.51Bnm2 in 2021.

Parent company CNBM separately reported that the group raised its average wallboard selling prices by 7%. It said it put up its prices in the reporting period due to high prices of coal, gypsum, paper and other raw materials. Internationally, the group said that a new wallboard plant in Tanzania had started operation in 2021 and that a new plant in Uzbekistan is still being built.

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Saint-Gobain launches new strategic plan and forecasts increased costs in 2021

15 October 2021

France: Saint-Gobain has launched Grow & Impact, a new strategic plan to increase profitable growth. The plan consists of new annual financial targets for 2021-2025, including organic sales growth of 3 - 5%, an operating margin of 9 – 11%, a free cash flow conversion ratio above 50%, a return on capital employed of 12 - 15% and an annual dividend payout ratio representing 30-50% of recurring net income. The company also announced a Euro2bn share buyback programme for 2021 – 2025.

Saint-Gobain has forecast full-year energy and raw materials costs of Euro1.5bn, up by 36% from its previous estimate of Euro1.1bn. Euro1.1bn (73%) of the new estimate is forecast for the second half of 2021. The group said that it will need a positive price impact of around 6% over the full year and of 8% in the second half of 2021 in order to offset this. CEO Benoit Bazin said “The Group will build on the success of its new local organisation and its multinational culture driven by performance and by proximity to its customers, in order to benefit fully from strong growth on its underlying markets. By capitalising on innovation and the power of data to enrich our range of solutions, Grow & Impact will enable us to outperform our underlying markets and maximise our positive impact in numerous areas.” He added “Our vision is to become the worldwide leader in light and sustainable construction. In a world moving towards net-zero carbon, Saint-Gobain aims to provide a full range of solutions that address three major issues of our time: drastically reducing the 40% of CO2 emissions linked to construction, protecting natural resources and facing the challenge of rapid urbanisation in emerging countries.”

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