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GMS grows nine-month sales in 2021 financial year

Written by Global Gypsum staff
04 March 2021

US: GMS recorded consolidated net sales of US$2.47bn in the first nine months of its 2021 financial year that ended on 31 January 2021, up by 4% year-on-year from US$2.37bn in the corresponding period of 2019. Costs of sales fell by 4% to US$1.60bn from US$1.66bn. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell slightly in the third quarter of the 2021 financial year to US$62.6m from US$62.7m in the third quarter of the 2020 financial year. Third-quarter wallboard volumes grew by under 1% and wallboard prices fell by 2%, resulting in a 1% sales decline.

President and chief executive officer John Turner said, “As a result of our team’s ability to seize opportunities and address challenges in dynamic market conditions, we delivered better than expected sales, higher net income and an improved adjusted EBITDA margin in the third quarter of the 2021 financial year. We continued to realise benefits from our on-going commitment to our strategic priorities: expanding share in core products, growing our complementary other products offering, platform expansion and improved productivity and profitability. During the quarter, we generated higher volume in wallboard, increased sales of complementary products and opened our Waco, Texas greenfield location.” He added, “We are excited to be celebrating GMS’s 50th anniversary in 2021, and I am confident that our focus on our strategic priorities and our team’s continued drive to execute will position us to generate value for our shareholders well into the future.”

Published in Global Gypsum News
Tagged under
  • US
  • GMS
  • Results
  • distribution

Saint-Gobain plans new line at Quinto gypsum wallboard plant

Written by Global Gypsum staff
03 March 2021

Spain: France-based Saint-Gobain has announced plans for a new Euro40m production line at its Quinto gypsum wallboard plant near Zaragosa, Aragon. The line will integrate recycled raw materials use and an Industry 4.0 digitisation programme to increase production, warehousing, transport and delivery automation.The scheduled commissioning date for the expanded facility is in 2022. When operational, the line will generate 70 new direct jobs. The government of Aragon has declared the work a project of regional interest.

The group says that the new line will enable it to capture the growth of the Spanish market and its rapid shift towards more complex needs and especially more lightweight construction systems.

Published in Global Gypsum News
Tagged under
  • Spain
  • SaintGobain
  • Plant
  • Upgrade
  • France

Agricore receives permanent permission for Hill Top Farm gypsum wallboard recycling plant

Written by Global Cement staff
03 March 2021

UK: Durham County Council has granted Agricore permanent permission for its Hill Top Farm gypsum wallboard recycling plant near Darlington, County Durham. The Darlington and Stockton Times newspaper has reported that the gypsum producer had previously held permission on a five-year basis.

Locals in the rural former coal mining area had appealed against the application. Many of the 110 complainants claimed that heavy traffic had rendered a local lane dangerous to walk and cycle on. Agricore sells gypsum to local farmers for use as fertiliser.

The county council required that the company submit plans for a power supply transition from diesel generators to ‘a more sustainable alternative’ before 3 September 2020.

Published in Global Gypsum News
Tagged under
  • UK
  • Agricore
  • Recycling
  • government
  • approval
  • agriculture

Saint-Gobain Placo launches ITEC-certified Placo Hermetic gypsum-based system

Written by Global Gypsum staff
02 March 2021

Spain: Saint-Gobain Placo has launched Placo Hermetic, a gypsum-based hermetic system for application to building envelopes. The company says that the product is the first of its kind to be gypsum-based that meets the Passivhaus standard. The Catalonia Institute of Construction Technology (ITEC) has certified the system with a Document of Suitability for Use (DAU).

The producer said “With this DAU, Saint-Gobain Placo continues to guarantee the suitability of its solutions, providing professionals in the sector with more sustainable and efficient systems that adapt to different projects and requirements, with total safety and reliability.”

Published in Global Gypsum News
Tagged under
  • Spain
  • SaintGobain Placo
  • SaintGobain
  • Product
  • sustainability
  • Catalonia Institute of Construction Technology

Ruijiang launches methyl hydrogen silicone oil RJ-202 plant in China

Written by Global Gypsum staff
24 February 2021

China: Rui Silicone subsidiary Ruijiang has commissioned a new methyl hydrogen silicone oil RJ-202 plant in China following completion of a successful test run on 10 February 2021. The plant will supply the gypsum wallboard industry with methyl hydrogen silicone oil for use as a waterproofing additive. It will also produce hexamethyldisilazane RJ-HMDZ, hexamethyldisiloxane RJ-MM, heptamethyltrisiloxane RJ-HMTS and some other modified silicone oils.

Published in Global Gypsum News
Tagged under
  • China
  • Rui Silicone
  • Ruijiang
  • Plant
  • silicone
  • waterproofing
  • Additives
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