
Gypsum industry news
Saint-Gobain forecasts 40% year-on-year increase in turnover from Brazilian operations
07 January 2022Brazil: Saint Gobain has predicted a 40% year-on-year turnover increase from its Brazilian operations to US$2.63bn in 2021. It said that it expects demand for its products from civil construction to have accounted for 67% of its income for the year.
In 2021, Saint-Gobain invested a total of US$52.6m in its Brazilian operations, consisting of 56 sites. It aims to increase its total income by 15% in 2022 compared to 2021 levels. During the year, it plans to commission a new gypsum wallboard plant at Mogi das Cruzes in São Paulo.
Brazil: Trevo Drywall has begun raising funds for the construction of a new gypsum wallboard plant in Southeast Brazil. The company’s existing gypsum wallboard plant at Juazeiro do Norte, Ceará, is currently undergoing expansion to 16Mm²/yr from 14Mm²/yr. The plant will transition to natural gas power in January 2022. Trevo Drywall plans to further increase its capacity to 20Mm2/yr before 2024. Prior to this, it will use resources from its cash generation and proprietary and third-party capital to build the new unit in the Southeast. The company says that its location will be ‘closer to the main drywall consumer centres in Brazil.’ Currently, more than 80% of its sales are outside of the Northeast. The producer holds an 11% share of the Brazilian gypsum wallboard market.
CEO Sávio Maia said “We have been expanding our production potential at a rate of 26% per year since 2014 and, despite all the macroeconomic difficulties that Brazil went through during this period, we have always used 100% of our installed capacity.” He added “We generate more than 220 direct jobs, which has a great effect on the lives of many families in Juazeiro do Norte and the surrounding region, either by the income generated directly and indirectly, or by the company's prominent role among the largest local taxpayers.”
Brazil: Saint-Gobain plans to expand the capacity of its Mogi das Cruzes gypsum wallboard plant with the installation of a third production line. The plant will produce wallboard with its expanded capacity from early 2023. The Mogi das Cruzes plant currently has a gypsum wallboard production capacity of 22Mm2/yr.
Saint-Gobain’s sales recover in June 2020
04 August 2020France: Saint-Gobain’s says its sales for June 2020 rose by 3.7% on a like-for-like basis as markets recovered from the effects of the coronavirus pandemic. Its sales fell by 12.3% year-on-year on a like-for-like basis to Euro17.8bn in the first half of 2020 from Euro21.7bn in the same period in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 32.4% to Euro1.64bn from Euro2.42bn.
“In a macroeconomic and health environment which remains affected by uncertainties, our earnings growth in June and outlook for the third quarter suggest that our operating income for second-half 2020 will improve significantly on first-half 2020,” said Pierre-André de Chalendar, chairman and chief executive officer (CEO) of Saint-Gobain. He added that the group’s portfolio of products, including those in energy-efficiency and renovation markets, positioned it to benefit from national and European stimulus plans supporting energy saving initiatives.
The group noted a 19.2% year-on-year sales decrease in the second quarter of 2020 due to the coronavirus pandemic, with very different situations between countries and markets. Most of its business segments reported growth in June 2020 with the exception of Asia-Pacific, where the Indian market held the division back. Gypsum sales helped deliver ‘robust growth’ in the US and Canada in June 2020. Strong growth in gypsum was reported in Brazil for the first half of 2020. Chinese sales in gypsum benefitted in the second quarter of 2020 from a new plaster plant, which originally opened in 2019, reaching full production capacity. The group’s High Performance Solutions division reported positive trends from its external thermal insulation solutions (ETICS) products in the second quarter of 2020.
Etex joint venture to buy majority stake in Tecverde
17 December 2019Brazil: E2E, a Chile-based joint venture founded by Etex and Arauco, a diversified global company active in the forestry industry, has signed a share purchase agreement to acquire a majority stake in Tecverde Engenharia, a Brazilian building company specialised in wood-frame construction systems. The completion of the deal is subject to the approval of the Brazilian Competition Authority (CADE) and other customary conditions. No value for the transaction has been disclosed.
Tecverde uses a wood-frame construction systems that allows for nearly a full building to be fabricated in a climate-controlled factory and completed with the installation of wall panels during final assembly at the construction site. E2E combines Etex’s experience in plasterboard and fibre cement technology with Arauco’s knowledge of sustainable forest product solutions. The joint venture develops and manufactures complete construction solutions composed of panels, wooden interior structures and external boards.
Germany: Schenck Process has signed an agreement to buy Raymond Bartlett Snow from the Arvos Group. The acquisition is expected to close on 29 June 2018. No value for the deal has been disclosed.
Raymond Bartlett Snow designs and builds size reduction, classification and thermal processing equipment. It operates locations in the US, India and Brazil, all of which will become part of the Schenck Process Group.
Brazil: Saint-Gobain has finalised its purchase of the distribution network of Tumelero Materiais de Construção sales outlets in Rio Grande do Sul. The distribution company operates a portfolio of building materials and services for the construction industry including 29 sales outlets and nearly 1000 staff.
Following the acquisition Saint-Gobain says it will run the country's largest network of distribution sales outlets for home improvement products and services in Brazil with a total of 70 outlets operating under the Telhanorte, Telhanorte Conceito, Pro Telhanorte and Tumelero brands in 46 cities in São Paulo, Minas Gerais, Paraná and Rio Grande do Sul states. The transaction has been approved by the Brazilian competition regulator CADE.
Saint-Gobain revises turnover growth projection for 2015 in Brazil
01 September 2015Brazil: Saint-Gobain will revise its year-on-year turnover growth projection of 7% in Brazil for 2015 as it is expecting volume sales to be lower than 2014, according to Thierry Fournier, the firm's president for Brazil, Argentina and Chile. Turnover is expected to still grow but at a slower rate than 7%, according to Valor Economico.
The building materials producer had to lift prices in the first half of 2015 to compensate for rising energy and US dollar-linked raw material costs. Despite this the group still continues to gain market presence in some segments like drywall.
Saint-Gobain holds a diversified presence in Brazil with divisions manufacturing fibre cement, mortars, wallboard, insulation and glass.
Knauf inaugurates second wallboard plant in Brazil
12 June 2014Brazil: Knauf has inaugurated its second wallboard plant in Camacri, Bahia. The US$66m plant will increase the company's annual production in Brazil by 80% to 45Mm2/yr. The company has forecast a 15% increase in sales volume in 2014, with the new plant supplying the north, north east and part of the central west regions of the country, with the possibility of exporting to the Caribbean and Africa. The plant is expected to be operating at full capacity within four to five years.
Brazil: Etex has started the construction of a new wallboard plant in Santa Cruz, Rio de Janeiro with an investment of Euro60m. The plant will open in mid-2015.
"The investment enables Etex to expand its footprint in Latin America, an emerging market of strategic importance. Brazil plays a leading role in the economic development of the region. The country's wallboard market is growing rapidly, at twice the rate of the construction industry,'' said Fons Peeters, Etex's CEO.
Construction work for the new plant started on 31 March 2014. An estimated 150 employees will manufacture three types of high-performance wallboard: standard, humidity-resistant and fire-resistant. The plant will serve markets in the south and southeast regions of Brazil. The new plant will be Etex's third wallboard production facility in the country joining its existing plants in Pernambuco state.