Gypsum industry news

Canada/US: Saint-Gobain has acquired exterior building materials company Kaycan for US$928m. After the closing of the transaction in 2022, Kaycan’s US distribution arm will undergo divestiture to a third party. Kaycan currently employs 1300 people at 12 sites in Canada and the US. Saint-Gobain noted that the acquisition will complement its leadership in Canada, expanding its light and sustainable construction solutions offering in that market.

Germany: Fuchs Lubritech has merged into Fuchs Schmierstoffe. Following the merger, the latter also rebranded as Fuchs Lubricants Germany on 3 June 2022. Fuchs Lubricants Germany will assume all contractual responsibilities of Fuchs Lubritech.

Portugal: Saint-Gobain has acquired Fibroplac, which operates the 10Mm²/yr Pombal gypsum wallboard plant in Central Portugal. Saint-Gobain already operates 10 plants, in addition to a research and development centre, in Portugal. Additionally, the France-based group acquired steel structures producer Falper.

The group said that the acquisitions align with its Grow & Impact strategy, which it says is being successfully implemented in Portugal."

US: Eagle Materials has recorded consolidated sales in its 2022 financial year of US$1.9bn, up by 15% year-on-year. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$657m, up by 15%. Full-year light materials sales totalled US$804m, up by 27%, with gypsum wallboard and paperboard operating earnings of US$274m, up by 42%. The group sold 269Mm2 of gypsum wallboard, up by 3% year-on-year.

President and CEO Michael Haack said "As we look back on another extraordinary year, I am extremely proud of our team's ability to deliver record operating and financial results despite multiple external challenges, including transportation disruptions, supply chain constraints and, of course, continuing to navigate the Covid-19 pandemic.” He added "As we begin our new fiscal year, Eagle is well-positioned, both financially and geographically, to capitalise on the underlying demand fundamentals that are expected to support steady and sustainable construction activity growth over the near and long term. We expect that infrastructure investment should increase in the latter part of our fiscal year, as federal funding from the recently enacted Infrastructure Investment and Jobs Act begins in earnest. And, despite recent interest rate increases, housing demand remains strong across our geographies, outpacing the supply of homes. Nonresidential construction activity is also picking up."

Ukraine: The Russian military has reportedly damaged Knauf’s Donbass gypsum wallboard plant in an airstrike. Ukrainian Donetsk regional military administration chief Pavlo Kyrylenko posted on social media on 17 May 2022 that firefighters were working to contain and quell the blaze at the plant in Donetsk Region. Nobody was injured in the attack.

Knauf sent home the Knauf Gips Donbass plant’s 589 employees ‘as a precaution’ at the outbreak of war on 24 February 2022.

Knauf maintains 14 facilities with a total of 3900 employees in Russia.