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News Displaying items by tag: market

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Eagle Materials raises revenues in the first quarter of the 2026 financial year

30 July 2025

US: Eagle Materials reported revenues of US$635m in the first quarter of the 2026 Fiscal Year (FY2026), up by 4% year-on-year. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA), however, fell by 4%, to US$215m. Its net earnings fell by 8%, to US$123m.

In its gypsum business, the company noted ‘steady’ single-family residential construction demand amid a ‘less clear’ interest rate environment. Revenues rose by 1%, to US$251m, and net earnings remained level year-on-year, at US$102m. Gypsum wallboard sales volumes rose by 4%, to 72.8Mm2, while prices dropped by 3%, to US$2.50/m2. During the quarter, Eagle Materials commenced the purchase of equipment for its upcoming Duke, Oklahoma, gypsum wallboard plant upgrade and expansion.

Michael Haack, president and CEO, said "Eagle had a solid start to FY2026. Against the current backdrop of ongoing macroeconomic and policy uncertainty as well as adverse weather conditions across many of our markets, our portfolio of businesses continued to perform well, and our end markets remained resilient.”

Published in Global Gypsum News
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US gypsum production rises in first quarter of 2025

29 July 2025

US: The United States Geological Survey (USGS) has published its first-quarter 2025 gypsum market data, showing a 9% year-on-year decline in domestic gypsum wallboard deliveries, to 574Mm2. The data did not include figures for gypsum wallboard production. Gypsum wallboard exports rose by 30% to 24.8Mm2, 23.8Mm2 (96%) of which went to Canada. Imports totalled 21.4Mm2, up by 6%, 20.5Mm2 (96%) of which came from Mexico.

The US produced 4.96Mt of natural gypsum during the quarter, down by 1% year-on-year from the first quarter of 2024. Imports remained level at 1.7Mt. Spain supplied 680,000t (40%), Canada 527,000t (31%) and Mexico 425,000t (25%).

Published in Global Gypsum News
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Etex to invest €65.7m in South American operations by 2027

16 July 2025

South America: Belgium-based Etex has announced planned and on-going capital expenditure (CAPEX) investments of €65.7m in its gypsum wallboard plants in South America up to 2027. This consists of a €32.5m upgrade to its Huachipa plant in Lima, Peru, a €21.4m upgrade to its Santa Rosa plant in Santiago, Chile, and a €11.8m upgrade to its La Pampa plant in General Acha, Argentina. The Huachipa plant upgrade is scheduled for completion in late 2026, the Santa Rosa plant upgrade for August 2026 and the La Pampa plant upgrade for early 2027.

CEO Bernard Delvaux said "Latin America is a key region where we have been present for 90 years, with 23 sites and close to 2300 teammates today. We are not only scaling our operations but also raising the bar in efficiency, safety and environmental performance."

Published in Global Gypsum News
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Kazakhstan government to suspend gypsum wallboard imports

15 July 2025

Kazakhstan: The government of Kazakhstan will impose a three-month ban on imports of gypsum wallboard from 22 July 2025.

Interfax Central Asia News has reported that Kazakhstan produced 35.5Mm2 of gypsum wallboard in 2024, corresponding to 77% utilisation of its 46Mm2/yr capacity. Domestic demand was 38.8Mm2.

Published in Global Gypsum News
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Omani government establishes body for minerals marketing and export

08 July 2025

Oman: The Omani government has granted a mandate to Minerals Development Oman subsidiary Oman Minerals Trading Company to manage marketing and export of the country’s gypsum and chrome ore. The mandate imposes new rules that require the Omani gypsum trade to prioritise the local market over exports. A new supplier and buyer registration programme will launch in mid-late 2025, in advance of full implementation of the new system in May 2026.

Minerals Development Oman CEO Mattar Salim Al Badi said "We deeply value the Ministry of Energy and Minerals' trust in tasking the Oman Minerals Trading Company with organising and exporting gypsum and chrome ores. This authorisation marks a strategic milestone, poised to boost supply chain efficiency, unify marketing efforts and ensure transparent, fair pricing."

Oman produced 14Mt of gypsum across 15 licensed mines in 2024.

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Knauf to build dry plaster mix plant in Zhambyl

26 June 2025

Kazakhstan: Germany-based Knauf will build a US$30.5m, 225,000t/yr dry plaster mix plant in Zhambyl, creating 100 new jobs in the region. When operational, 80% of the plant’s production will supply the domestic market and 20% will supply other Central Asian countries. Business World Magazine News has reported that Knauf has secured a licence for gypsum extraction at the Ulken-Burultau deposit in the Zhambyl region with verified reserves of 84Mt.

Knauf regional representative Alexander Blumhardt said "We consider Kazakhstan as a priority direction for the development of our business in the region. The country has a powerful raw material base, a growing market and high openness to investors."

Published in Global Gypsum News
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GMS concludes 2025 financial year with US$5.35bn in sales

19 June 2025

US: GMS recorded sales of US$5.35bn in the 2025 financial year, down by 6% year-on-year. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 19%, to US$501m. The group noted a fourth-quarter decline in its gypsum wallboard sales of 10%, to US$527m, 40% of group quarterly sales of US$1.33bn.

President and CEO John Turner noted the ‘solid results,’ despite the ‘deterioration in end-market conditions as we moved through the year.’ Looking ahead to the current, 2026 financial year, he said “The ongoing challenging interest rate environment and general market uncertainty continue to be a headwind for the business, contributing to reduced levels of activity in each of our major end markets. We are cautiously optimistic that we are nearing the bottom of this cycle and believe pent-up demand will materialise as the macro-environment improves. Once this market demand returns, we will be well-positioned to capture the opportunity as a leaner and more efficient organisation."

Published in Global Gypsum News
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Philippines government to impose 9% anti-dumping duties on Thai gypsum wallboard

12 June 2025

Philippines: The Tariff Commission has ordered that anti-dumping duties of 9% be imposed on imports of gypsum wallboard from Thailand for a period of five years. The commission has found that imports caused ‘material injury’ to domestic gypsum wallboard production. In specifying the rate of duties, the commission named two Thai exporters of gypsum wallboard in particular: Gypman Tech Company and Thai Gypsum Products.

During the period under investigation (January 2019 – September 2024), dumped gypsum wallboard accounted for 71% of imports.

Published in Global Gypsum News
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Major UK builders merchant to stock Adaptavate’s Breathaplasta

21 May 2025

UK: Adaptavate has concluded an agreement for builders merchant Jewson to stock and sell its Breathaplasta lime-based plasters at outlets across the UK. Jewson customers have already had access to Breathaplasta plasters at the retailer’s Norwich, Tavistock and Romford outlets. Breathaplasta’s formulation regulates indoor humidity to prevent mould and condensation. Sales of the product grew by 45% year-on-year in 2024. It is Adaptavate’s first market-ready product, ahead of it carbon-negative Breathaboard alternative wallboard.

Jewson Innovations Manager Matthew Handley said "Developing the solutions and access for tradespeople to build more sustainably is our shared responsibility and our collective goal."

Published in Global Gypsum News
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Adaptavate partners with SigmaRoc to scale up production of Breathaboard

25 April 2025

UK: Adaptavate has formed a strategic partnership with lime producer SigmaRoc to industrially scale production of its Breathaboard calcium carbonate-based wallboard, with 4kg/m²-reduced CO₂ emissions. The partners will collaborate on the establishment of a supply chain throughout Europe. Additionally, they have signed a memorandum of understanding (MoU) for an upcoming industrial demonstrator plant project.

Adaptavate concluded its €3.16m pre-Series A funding round on 23 April 2025, with investments from SigmaRoc via its venture capital platform Skreenhouse Ventures.

Published in Global Gypsum News
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