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Russian invasion of Ukraine increases Mexican gypsum prices by up to 12%
Written by Global Gypsum staff
21 April 2022
Mexico: The price of gypsum and its derivatives has risen by up to 12% in April 2022 compared to pre-Russian invasion of Ukraine levels. Along with a rise in the price of other materials, this has increased the cost of new house builds by 25 – 30%.
The Mexican Ministry of Foreign Affairs has reported that Russia was previously Mexico’s 35th largest trade partner.
Global gypsum wallboard demand forecast to grow by 7.2% annually between 2021 and 2026
Written by Global Gypsum staff
21 April 2022
World: Market researcher IMARC Group has forecast a global gypsum wallboard market composite annual growth rate (CAGR) of 7.2% between 2021 and 2026. The prediction is based on a starting value of US$24.4bn in 2020. IMARC Group surmises that the residential sector will dominate demand, which will be strongest in the Asia Pacific region.
Geological survey uncovers large gypsum reserves in Shaleem
Written by Global Gypsum staff
21 April 2022
Oman: A geological survey undertaken by Minerals Development Oman (MDO) in Shaleem has uncovered ‘large’ local gypsum reserves. The Muscat Daily newspaper has reported that MDO CEO Nasser al Maqbali said that the reserves would contribute to the continued steady growth of Omani crude gypsum’s stake in the global gypsum market. Maqbali added that the resource is characterised by high purity, competitive prices and proximity to consumer markets.
MDO previously discovered 15Mt-worth of gypsum reserves in Wadi Al Jizi, from which it will supply 1Mt/yr of gypsum to the local steel industry. Uses of limestone in the steel sector include flue gas desulphurisation (FGD), which produces synthetic gypsum.
Mada Gypsum launches new brand identity
Written by Global Gypsum staff
21 April 2022
Saudi Arabia: Mada Gypsum plans to reposition itself as a solutions provider, while retaining its core offer of gypsum wallboard. Accordingly, it has launched a new brand identity under the motto Building Excellence. Gulf Construction News has reported that the company is seeking to increase its offering of gypsum wallboard internal lining solutions and to maximise its production of components for its system solution in-house.
President Greg Smith said “Mada Gypsum has been repositioning itself and building capabilities with a focus on promoting itself as a system provider. This shift from being a plasterboard supplier to systems supplier was an important differentiator that allowed us to leverage the strength we have with our other products such as metal profiles, ceiling tiles, glass matt sheathing, fibre cement boards and joint compound.” Smith concluded “Our evolution now to a solution provider is a natural progression, as we have the structure, the people and the products in place.”
Gypsemna commissions gypsum wallboard systems line at Musaffah gypsum wallboard plant
Written by Global Gypsum staff
19 April 2022
UAE: Gypsemna says that it has added a new gypsum wallboard systems line at its 50Mm2/yr Musaffah gypsum wallboard plant in Abu Dhabi. The Musaffah plant is the largest gypsum wallboard plant in the Gulf region.