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Eagle Materials raises sales in first half of 2025 financial year

Written by Global Gypsum staff
29 October 2024

US: Eagle Materials grew its sales in the first half of the 2025 financial year, which began on 1 April 2024, by 0.7% year-on-year. This resulted in revenues of US$1.23bn for the six-month period. The company’s earnings before interest and taxation (EBIT) also rose, by 1.5% year-on-year to US$378m. Its gypsum wallboard segment generated revenues of US$433m, up by 1%, with 1% growth in volumes, to 140Mm2.

President and CEO Michael Haack said “Eagle’s portfolio of businesses continued to perform well, despite ongoing adverse weather during the second quarter of the present financial year. We used our strong cashflow to continue advancing our long-term growth and value-creation strategies. We remain optimistic about our near-term and future opportunities and confident in our ability to execute on them. The current economic environment is constructive for our businesses. Employment is strong, recent inflation data should support a more accommodative monetary environment, spending from the Infrastructure Investment and Jobs Act is still in the beginning phases and housing supply remains chronically short because of decade-long production deficits.”

Published in Global Gypsum News
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Knauf Egypt to build new US$86m gypsum products plant

Written by Global Gypsum staff
29 October 2024

Egypt: Knauf Egypt is planning to invest US$86m in the construction of its upcoming third gypsum plant. Al Mal News has reported that the unit will double Knauf Egypt’s total production capacity of products including gypsum wallboard. It will raise the company’s installed gypsum wallboard capacity to 60Mm2/yr. The upcoming plant will serve both domestic and export markets. Knauf Egypt currently sells its wallboard in 13 countries, including Greece, Morocco and South Africa.

Published in Global Gypsum News
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  • Egypt
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Trevo Drywall announces new leadership appointments

Written by Global Gypsum staff
29 October 2024

Brazil: Trevo Drywall has appointed Paulo César Pereira Alencar as its new CEO. Alencar has 35 years of business experience as a tax lawyer, and holds a law degree from the Regional University of Cariri.

The company additionally appointed Gabriel Rodrigues Granja de Alencar as its chief financial officer. Granja de Alencar previously worked as a director at plaster producer Gesso Trevo, as well as in the area of compliance at consultancy firm Ernst & Young. He holds a postgraduate degree in business management.

Published in Global Gypsum News
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  • Trevo Drywall
  • Appointment
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Trevo Drywall to expand Juazeiro do Norte plant

Written by Global Gypsum staff
25 October 2024

Brazil: Trevo Drywall plans to invest US$25m in an expansion to its Juazeiro do Norte gypsum wallboard plant, scheduled for commissioning in 2025. This will initially raise the plant's capacity to 20Mm²/yr, and subsequently to 30Mm² by 2026. The expanded plant will be equipped with a new enterprise resource planning system to assist with the increased automation of its operations. Trevo Drywall also plans to build a second plant, the location of which is subject to on-going evaluations.

Chief financial officer Gabriel Rodrigues Granja de Alencar said "We will also strengthen compliance tools and soon announce the creation of a people development programme."

Published in Global Gypsum News
Tagged under
  • Trevo Drywall
  • Brazil
  • Plant
  • Expansion
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  • GGM59

Study proves scope for Summit County, Colorado, to recycle 33% of construction and demolition materials

Written by Global Gypsum staff
21 October 2024

US: A study by Resource Recycling Systems found that 33% of construction and demolition materials (CDM) entering landfill in Summit County, Colorado, could be effectively diverted into CDM recycling. Gypsum wallboard was among the 11 materials included in the study. Local press has reported that county authorities aim to reuse or recycle 25% of CDM generated locally by 2028, and 50% by 2035. Landfill capacity will run out in 2078.

CDM constituted 30% of Summit County’s landfill intake during the study period.

Published in Global Gypsum News
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  • US
  • Resource Recycling Systems
  • circular economy
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