Gypsum industry news

Canada: France-based Saint-Gobain has entered into an agreement to acquire Bailey Metal Products for US$649m. The group says that the structural framework producer will help to strengthen its lightweight construction offering. It said that Bailey Metal Products is a ‘long-standing partner’ that has previously supplied ceiling grids, frames and fasteners for its own lightweight construction products.

Egypt: The Egyptian government plans to expand the country’s Golden Triangle Economic Zone (GTEZ), a development region centred on mineral extraction. Gypsum is among the key products of the GTEZ, alongside phosphate, iron and gold. Zawya Projects News has reported that the government aims to establish a ‘comprehensive economic hub’ in the zone, including the development of residential, commercial and leisure facilities.

Saudi Arabia: National Gypsum Company’s sales amounted to US$13.8m in 2023, down by 5.5% year-on-year from US$14.6m in 2022. Reuters has reported that the company’s cost of sales dropped by 8% year-on-year. Nonetheless, it recorded a net profit of US$1.36m, against a US$1.71m loss in 2022.

Turkmenistan: Ak Bulut despatched its first shipment of gypsum wallboard to Georgia on 2 April 2024. Trend News has reported that Ak Bulut says that the market entry signals the innovation of the Turkmen building materials sector. The producer commissioned its 4Mm²/yr Dostluk gypsum wallboard plant in December 2023.

France: Saint-Gobain Placo has launched Glasroc X 13, a ‘three-in-one’ gypsum wallboard for use in façades and exterior shells for wood-frame structures. The producer says that the board embodies three key benefits for wooden construction applications: fire protection, weather resistance and stability. It can be left uncovered for up to six months before cladding, and is available in 1200mm or 1250mm widths.