Vietnam: Saint-Gobain has acquired gypsum wallboard producer Phu My Innovative Materials (PMIM). Saint-Gobain operates 12 existing sites in Vietnam, with US$229m in reported revenues in 2025. PMIM’s sales were US$22.9m in 2025. Saint-Gobain is targeting investment in ‘high growth markets’ as part of its Lead & Grow development strategy.
Thailand: Saint-Gobain Thailand and recycling service SCL Solutions have reduced the CO2 emissions of Saint-Gobain Thailand’s gypsum wallboard production by a cumulative 2.17t CO2-equivalent through an initiative to collect and recycle used gypsum wallboard. Under the initiative, launched in 2025, SCL Solutions is responsible for collection and delivery of the materials.
Japan: Saint-Gobain has concluded a deal to acquire a majority stake in construction chemicals producer AGC Polymer Materials from AGC Corp, due for completion in early 2027. AGC Polymer Materials recorded US$57.3m in sales in 2025, while Saint-Gobain’s sales in Japan totalled US$344m. Saint-Gobain is targeting investment in ‘high growth markets’ as part of its Lead & Grow development strategy.
Japan: Tokuyama Corporation recorded sales of US$543m in the quarter of 2026, up by 5% year-on-year. The group’s gypsum wallboard recycling segment contributed sales of US$6.9m, down by 26%. As a result, the segment recorded an operating loss of US$44,300, compared to a profit of US$1.01m in the first quarter of 2025.
Nonetheless, Tokuyama Corporation noted a steadily growing acceptance of recycled gypsum as driving earnings growth in its gypsum wallboard recycling segment.
