Gypsum industry news

India: The Haryana State government has prepared a contingency crop plan and has sought financial assistance as well as bonus on paddy and other kharif crops from the central government. Chief minister Bhupinder Singh Hooda said that the plan was formulated in consultation with CCS Haryana Agriculture University, Hisar. Hooda said that the State government has urged the central government to award an additional allocation of US$1.68m for gypsum during the current financial year.

Thailand: Thai Gypsum Products Plc (TGP), a subsidiary of France's Saint-Gobain, expects sales of its Gyproc construction and finishing materials will expand by 5% in 2014, citing continuous growth in home renovations and building markets.

Thongchai Kamolpattana, the commercial director for the Gyproc brand, said that demand from housing projects and home renovations had increased since 2013 and would allow TGP to earn higher revenue in 2014. Kamolpattana added that provincial markets would keep Gyproc sales afloat even if political problems persist in Bangkok.

Earlier in 2014 TGP experienced a minor negative effect from the prolonged political impasse that caused consumers to delay decisions to buy condominium units in Bangkok. "Demand for condominiums declined because customers in Bangkok took a wait-and-see stance," said Kamolpattana. "However, our market still did well in other provinces." He added that if political problems continue until year-end, TGP's performance in Bangkok might be affected. "If so, consumer confidence would be badly affected and that might reduce demand for our products. However, business confidence has rebounded since the coup."

Gyproc has expanded into modern-trade malls, particularly in Chiang Mai and Chon Buri provinces, helping the brand to boost sales by 5%. The products are available in 400 malls, resulting in greater brand awareness and accessibility to its products among contractors and homeowners nationwide.

The company plans to open more Gyproc solution centres in 2014, including in Phuket, in order to prepare for rising opportunities under the Asean Economic Community, which is due to kick off late in 2015. According to Kamolpattana, gypsum boards have gained strong market recognition in 20 Asia-Pacific markets, particularly the Philippines, Malaysia, Indonesia and Australia.

Mexico: Mining and metallurgic production dropped 6% in Mexico in the first four months of 2014, the steepest fall for a similar period since 2009, according to the national institute of statistics and geography (INEGI). The drop was attributed to a fall in coal, gold, iron ore, silver, fluorite and lead production. In contrast, gypsum, coque, sulphur, zinc and copper output rose in the same period.

India: Gypsum producer FCI Aravali Gypsum and Minerals India Ltd (FAGMIL) has announced profits of US$8.74m in 2013 – 2014, up from US$2.64m in 2009 – 2010.

India: The government of Telangana State will supply gypsum to farmers at a 50% subsidy. Telangana Markfed and AP Agros have been selected as the nodal agencies to supply the gypsum. The subsidy portion would be met from normal State plan, National Mission for Sustainable Agriculture and the National Food Security Mission (NFSM) programmes.