Gypsum industry news

Brazil: Trevo Drywall has signed an agreement with utilities provider GNLink to use liquefied natural gas (LNG) to fuel the gypsum calcining system and dryer at its Cariri gypsum wallboard plant. The plant will consume an expected 6.84Mm³/yr of LNG, reducing its CO₂ emissions by 2140t/yr compared with its previous fuelling arrangements.

Trevo Drywall CEO Wilson Soares said "It's a strategic decision that reflects our brand values and our commitment to a cleaner, more efficient industry."

Saudi Arabia: National Gypsum Company expects its cost of sales to rise by 11% following a hike in fuel prices by Saudi Aramco from 1 January 2024. In an exchange filing, the company said that the increase will show in its results from the first quarter of 2024.

Belarus: The Ministry of Antimonopoly Regulation and Trade has set new lower natural gas prices for industrial plants. Operators will pay US$0.15/m³, down by 2% year-on-year. Prime Press News has reported that the rate will be applied retroactively from 1 January 2024.

Montenegro: UK-based private equity firm Chayton Capital has agreed to fund the feasibility study for the establishment of a joint public/private building materials production complex at the site of the Plejevlja energy hub. The complex will include a gypsum wallboard plant. Emerging Market Watch News has reported that the firm will also be involved in the modernisation of a coal-fired power plant at the site. The total budget for the project is Euro700m.