Gypsum industry news

China: BNBM’s operating income fell by 6% year-on-year to US$2.90bn in 2022 from US$3.07bn in 2021. Its net profit dropped by 11% to US$457m from US$511m. Parent company China New Building Material (CNBM) reported that its sales volumes of gypsum wallboard declined by 12% to 2.09Bnm² from 2.38Bnm². It noted that, despite prices for raw materials and energy increasing in 2022, the poor local real estate market had led to a decline in demand for wallboard. It added that performance in Tanzania had grown in the reporting year and that new projects in Uzbekistan and Thailand remained on track. The group said that its 50 gypsum wallboard production lines had achieved “nearly zero emissions” in 2022.

China: BNBM’s operating revenue grew by 2.4% year-on-year to US$1.50bn in the first half of 2022 from US$1.46bn in the same period in 2021. Its net profit fell by 11% to US$237m from US$266m. Parent company CNBM reported that its sales volumes of gypsum wallboard fell by 5.8% to 1.09Bnm² from 1.16Bnm2. It said that continued coronavirus lockdowns and problems in the real estate market had affected market demand. It added that the price of raw materials and energy had also risen, leading to increased production costs and mounting product prices.