Gypsum industry news
Eagle Materials gypsum wallboard sales fall in first quarter 01 August 2019
US: Eagle Materials’ revenue from its gypsum wallboard business fell by 11% year-on-year to US$127m in the first quarter of its financial year to 30 June 2019 from US$142m in the same period in 2018. Its earnings dropped by 25% to US$37.9m from US$50.5m. Wallboard sales volumes decreased by 7% to 61Mm2 from 66Mm2. It attributed the loss of revenue on lower volumes and poor pricing although it said that buying activity around a price increase in July 2019 suggested that the market was ‘healthy.’
Taishan Gypsum proposes to pay additional US$248m on ongoing US defective wallboard case 01 August 2019
US: China National Building Material Company (CNBM) has proposed paying US$248m in one of its on-going legal cases related to alleged defective gypsum wallboard sold by Taishan Gypsum. This latest settlement agreement covers plaintiffs not previously covered by the Amorin Case, those in the Brooke Case and all other property owners with Chinese gypsum board alleged to be attributed to Taishan and connected partners. The settlement is dependent on all parties signing the agreement.
Spain: Saint-Gobain Placo’s gypsum wallboard board plant at San Martin de la Vega near Madrid has been awarded bronze status in the World Class Manufacturing program. The plant is the first Saint-Gobain unit in the world to achieve the certification. The scheme is intended to train individuals to assess operational excellence, as well as improve employee morale, individual and company performance, and company profits.
