Gypsum industry news

Saudi Arabia: National Gypsum Company has signed a US$9.32m financing agreement with Riyad Bank. Mubasher News has reported that the loan will support expansions to its gypsum wallboard plants. The financing commenced on 5 January 2025, with a tenor of 18 months.

World: Research firm HTF Market Intelligence has projected 6.2% compound annual growth in the value of global sales of gypsum wallboard and plaster between 2024 and 2032. This would lead to a 54% rise over the eight-year period, from US$55bn to US$85bn.

Cameroon: Cimpor and the government of Cameroon have signed an agreement to set up a gypsum plant in Kribi, South Cameroon. TCTBC News has reported the investment value of the plant as US$62.5m. The Cameroon Investment Promotion Agency and the Cameroon Türkiye Business Council facilitated the agreement.

Canada: CertainTeed Canada will begin to sell its new CarbonLow range of reduced-CO₂ gypsum wallboard in 2025. The range includes Easi-Lite, Type X and M2Tech boards and GlasRoc sheathing. The products offer 60% lower emissions cradle-to-gate than the company’s ‘traditional’ gypsum wallboard.

US: GMS raised its sales by 3.5% year-on-year to US$1.5bn in the second quarter of the 2025 financial year. The producer noted volumes growth and ‘resilient or improved’ pricing across its product categories, with gypsum wallboard accounting for 39% of total sales. It recorded an impact of US$20m in reduced sales due to Hurricanes Helene and Milton, primarily impacting the single-family residential market. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 11% to US$152m.

GMS said that an ‘attractive capital structure’ helped it to achieve its strategic priorities in the quarter, including expanding its market share for its core products.