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France: Saint-Gobain has reported that its sales fell by 4.8% to Euro9.67bn for the first quarter of 2013, down from Euro10.2bn in the same period in 2012. The France-based building materials multinational blamed the decline on bad weather, fewer working days in the period compared to the previous year and the continued economic slowdown in Europe.
"We anticipate a gradual recovery in the group's trading over the next few quarters and confirm our target of a recovery in operating income in the second half after having bottomed out between mid-2012 and mid-2013," said chairman and chief executive, Pierre-André de Chalendar.
Sant-Gobain's Construction Products Interior Solutions sector, which includes gypsum wallboard manufacturing, reported a 4.4% drop in like-for-like sales in the first quarter of 2013, mainly due to a drop in volumes in western Europe. However, Asia and emerging countries reported a 8.8% rise in sales.
By region across all business sectors, in France Sant-Gobain reported a 8.8% fall in sales to Euro2.80bn in the first quarter of 2013 from Euro2.90bn in the same quarter in 2012. Other western European countries saw a 9.5% fall in sales to Euro3.80bn from Euro4.18bn. North America reported a rise of 3.1% to Euro1.56bn from Euro1.52bn. Emerging countries, Asia and Pacific saw a 1.5% rise to Euro2.03bn from Euro1.94bn. In this territory Sant-Gobain singled out 5.4% sales growth in Latin America for offsetting declines in China and South Korea.
US: USG Corporation (USGC) reported first quarter 2013 net sales of US$814m on 24 April 2013, a rise of 4% compared to the first quarter of 2012, when it had net sales of US$783m. USG's first quarter 2013 operating profit was US$49m compared to a US$24m a year earlier. Its first quarter 2013 net income was US$2m, compared to a US$27m net loss in the first quarter of 2012.
"We are pleased to report our first quarter of net income in more than five years," said James S Metcalf, Chairman, President and CEO. "All segments showed improved results in the period and our commitment to innovation and lowering our break-even are evident in our results."
The corporation's adjusted net income was US$1m in the first quarter of 2013, which compares to an adjusted net loss of US$27m in the first quarter of 2012. The adjusted net income for the first quarter of 2013 excludes US$2m of restructuring charges and a US$3m benefit from a change in tax law. The adjusted net income for the first quarter of 2012 excludes US$2m of restructuring charges and US$2m of income from discontinued operations.
"Achieving positive net income in the first quarter is an important milestone as we emerge from the most significant downturn in our company's history, but there is more work to be done," Metcalf said. "We will continue to execute 'Our Plan to Win' as the recovery continues in our core markets."
Written by Global Gypsum staff
22 April 2013
UK: British Gypsum, part of France's Saint-Gobain group, has been crowned Manufacturer of the Year at the 2013 Building Awards. The company picked up the accolade at the construction industry event in recognition of its focus on innovation, sustainable practices and corporate social responsibility activities in the past 12 months.
The award win follows a number of key developments for British Gypsum in 2012. The manufacturer launched ground-breaking solutions and technologies such as ACTIVair, and became the first UK plaster and drylining producer to achieve a BES 6001 'very good' for a core range of products. In late 2012, British Gypsum also helped to raise over Euro120,000 in just 100 days for construction charity CRASH and Macmillan Cancer Support.
Mike Chaldecott, managing director at British Gypsum, said, "In the past year, we've focused on making key developments that have a real positive impact for our customers, so we're really proud that this has been recognised by the built environment industry at the highest level."
Written by Global Gypsum staff
19 April 2013
Saudi Arabia: National Gypsum Company has reported that its net income for the first quarter of 2013 fell year-on-year by 31.5% to US$1.72m from US$2.50m in the same period in 2012. The wallboard producer attributed the decrease in net income to increased competition.
National Gypsum Company noted that its gross profit for the first quarter of 2013 fell by 6% to US$2.25m from US$2.39m. Operational income fell by 8.84% to US$1.65m from US$1.81m
India: The Finance Ministry has imposed an anti-dumping duty on wallboard imported from China, Indonesia, Thailand and the UAE. The import tax has been declared valid for five years starting from 7 June 2012 when the provisional anti-dumping duty was first imposed. The duty excludes fire-resistant boards.
For wallboard imports from China, the duty is US$32.9/m3. For imports from Indonesia the duty is US$24.1/m3. For imports from Thailand, wallboard produced and exported by Siam Gypsum Industry (Saraburi) and Siam Gypsum Industry (Songkhla) has received a preferential rate of US$54.5/m3. All other wallboard imports from Thailand will receive a duty of US$73.8/m3. For imports from UAE produced and exported by Gypsemna Dubai the duty is US$12.3/m3. All other imports from UAE will receive a duty of US$20.2/m3.