Gypsum industry news
Search Gypsum News
Oregon government holds consultation on new emissions standards for natural gas users
Written by Global Gypsum staff
05 August 2024
US: The Oregon Department of Environmental Quality is receiving public comment on its revised 2021 Climate Protection Program, under which natural gas users, including gypsum wallboard producers, will face tighter emissions regulations. The programme will enable plants to buy credits for emissions above regulation level, with the money raised primarily going to fund community-based projects. Local press has reported that the revised rules aim to help realise a 50% reduction in CO2 emissions by 2035 and a 90% reduction by 2050. The latest revision also shortens companies’ compliance period from three years to two.
Saint-Gobain Canada supports Women Building Futures
Written by Global Gypsum staff
02 August 2024
Canada: Saint-Gobain Canada has partnered with Women Building Futures (WBF) as part of its Build Change corporate social responsibility programme. The partnership involves a donation and support for WBF’s training programmes and coaching. Together, the partners hope to increase the economic security of women in the construction sector.
CEO Julie Bonamy said "Women Building Futures’ work to remove barriers for women in industries where they are traditionally under-represented, like construction, is vital to creating the workforce of tomorrow, while ensuring everyone has an opportunity to succeed. At Saint-Gobain, we are proud to support this incredible organisation and are excited to get started to build change in our community and our industry."
Eagle Materials raises sales in first quarter of 2025 financial year
Written by Global Gypsum staff
01 August 2024
US: Eagle Materials raised its sales in the first quarter of the 2025 financial year to US$609m, up by 1% year-on-year. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 5% to US$225m. The group’s Light Materials segment raised its sales by 2%, to US$248m, 41% of group sales. Its operating earnings grew by 5%, to US$103m. A rise in gypsum wallboard prices offset a 1% decline in sales volumes to 70.3Mm2 of wallboard, while paperboard sales volumes rose by 10% to 91,000t. The segment also reported a drop in operating costs, including for energy.
CEO Michael Haack said “Our portfolio of businesses continued to perform well, despite adverse weather conditions during the quarter across many of our core markets. Underlying fundamentals in our markets continue to be favourable, and we expect demand for our products to remain steady for the balance of the year. In addition, despite some interest-rate sensitivity, residential construction activity remains resilient, given chronic housing-supply shortages and continued underlying demand strength. Our well-positioned balance sheet, significant cash flow generation and consistent, disciplined operational and strategic execution through shifting economic cycles position Eagle for another strong fiscal year."
Government designates Knauf Gips Buxoro ‘dominant’ in Uzbek gypsum wallboard market
Written by Global Gypsum staff
01 August 2024
Uzbekistan: The Committee for the Development of Competition and Protection of Consumer Rights has classified Knauf Gips Buxoro as a ‘dominant company’ in the gypsum wallboard market. An analysis by the committee ascertained that the producer’s market share exceeds 40%. The designation will require Knauf to conform to specific rules regarding pricing, supply and conditions that affect competition.
Gypsum travels by train from Iran to China
Written by Global Gypsum staff
01 August 2024
Iran: A gypsum exporter has despatched a trial shipment of 50 containers of ground gypsum by rail from Qom to Yiwu, China. Trend News Agency has reported that the trial is the outcome of successful negotiations between China, Iran, Kazakhstan and Turkmenistan in April 2024. The 15-day train journey passes through all four countries. The containers will transfer trains at the Etrek rail terminal in Turkmenistan, in order to circumvent issues of rail gauge differences between countries.