China: China National Building Material’s (CNBM) gypsum wallboard sales rose by 1.5% year-on-year to 866Mm2 in the first half of 2018 from 853Mm2 in the same period in 2017. Its wallboard production remained stable at 874Mm2. Average wallboard prices at both of its New Materials division subsidiaries also increased.
The group’s sales revenue from its New Materials division rose by 10.3% to US$1.66bn from US$1.5bn. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 30% to US$452m from US$346m. Overall, group sales revenue rose by 22% to US$14bn from US$11.5bn.
The company said that its BNBM subsidiary set up a company, Tanzanian Company Limited, in Tanzania and that BNBM refocused Wanjia Building Materials for the global market
CNBM’s subsidiaries that produce gypsum wallboard include BNBM and Taishan Gypsum.
