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Saint-Gobain increases nine-month sales in 2021
Written by Global Gypsum staff
04 November 2021
France: Saint-Gobain’s consolidated sales in the first nine months of 2021 were Euro32.9bn, up by 18% year-on-year from Euro27.9bn in the corresponding period of 2020. During the period, the company’s North Europe region’s sales increased by 18% to Euro11.2bn from Euro9.49bn, its Southern Europe, the Middle East and Africa sales increased by 18% to Euro10.6bn from Euro9bn, its Americas sales increased by 20% to Euro5.07bn from Euro4.22bn and its Asia-Pacific sales increased by 25% to Euro1.32bn from Euro1.06bn.
The group said that its strategic priorities are to accelerate its growth and impact and to continue profitability and performance-focused initiatives in order to maintain robust margins and strong free cash flow generation. In the full year of 2021, it is targeting record operating income and close-to-record second-half operating income.
Eagle Materials increases sales and profit in first half of 2022 financial year
Written by Global Gypsum staff
29 October 2021
US: Eagle Materials’ consolidated sales were US$985m in the first half of the 2022 financial year, up by 13% year-on-year from US$875m in the first half of the 2021 financial year. Its gross profit rose by 25% to US$282m from US$225m. The group recorded gypsum wallboard sales of US$339m, up by 30% from US$261m in 2020.
Cohiba Minerals secures Pyramid Lake mine lease extension and recommences expansion application
Written by Global Gypsum staff
28 October 2021
Australia: Cohiba Minerals has received notification that it has successfully secured a 5-year extension of its exploration licence for its Pyramid Lake gypsum mine in south-western Western Australia. The new lease will expire on 4 July 2026.
The company says that it has recommenced its application for a mining lease for the high-grade area of the Pyramid Lake mine, which is not covered by its present lease. It says that it had previously delayed the process due to a change in its application conditions.
Cohiba Minerals previously announced the planned expansion in December 2020 as part of a countrywide expansion of its extraction activities, towards which it was raising US$1.5m through a share purchase plan.
Ratings agency forecasts 5% annual gypsum demand growth until 2030
Written by Global Gypsum staff
28 October 2021
World: Market researcher Future Market Insights (FMI) has estimated that the global market for gypsum for all applications will record a compound annual growth rate (CAGR) of 5% between 2022 and 2030. FMI said that this will be due to a global rise in construction, driven by digitisation and technological advances. In order for growth to return, economic activity must first return to ‘normal’ in the wake of the Covid-19 outbreak, according to FMI.
Research agency Technavio has also given its forecast for growth in the synthetic gypsum market between 2020 and 2024. It has predicted a CAGR of 4%, with total growth of US$320m over the period.
DeSoto County government to ban phosphogypsum stacks
Written by Global Gypsum staff
28 October 2021
US: The government of DeSoto County in Mississippi has approved new rules banning the establishment of new phosphogypsum stacks in the county. The Port North Sun newspaper has reported that county commissioners unanimously approved the ordinance at a meeting on 26 October 2021.
Phosphate and potash producer Mosaic owns 9310ha of the county’s land area, of which it is seeking mining licences to cover 5670ha.
Commissioner Elton Langford described the ban as ‘preventative.’ According to the county’s Public Information Office, there were no pending gypsum stack licence applications in DeSoto County on 26 October 2021.