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News China National Building Materials’ gypsum wallboard sales volumes grow by 66% to 1.12Bnm2 in first half of 2021

China National Building Materials’ gypsum wallboard sales volumes grow by 66% to 1.12Bnm2 in first half of 2021

Written by Global Gypsum staff
06 September 2021
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China: Sales revenue from China National Building Materials’ (CNBM) new materials business grew by 28% year-on-year to US$3.36bn in the first half of 2021 from US$2.63bn in the first half of 2020. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) from the segment, which includes gypsum producers BNBM and Taishan Gypsum, rose by 66% to US$873m from US527m. The gypsum wallboard producers reported a combined sales volume increase of 41% to 1.12Bnm2 from 0.79Bnm2. The group said that BNBM had also been working on the development of the first domestic automatic edge keel packaging machine for a ‘super large’ production line of gypsum wallboard with an output of 120Mm2/yr.

Overall across all business lines the group’s revenue grew by 14% to US$18.9bn from US$16.5bn in the same period in 2020. Adjusted EBITDA rose by 13% to US$3.98bn from US$3.51bn. Total revenue benefitted from particular gains from its New Materials and Engineering businesses.

Published in Global Gypsum News
Tagged under
  • China
  • China National Building Materials
  • CNBM
  • Results
  • BNBM
  • Taishan

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