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Saint-Gobain’s sales and earnings recover so far in 2021

Written by Global Gypsum staff
30 July 2021

France: Saint-Gobain’s sales grew by 24.6% year-on-year to Euro22.1bn in the first half of 2021 from Euro17.8m in the same period in 2020. Earnings before interest, taxation, depreciation and amortisation (EBITDA) nearly doubled to Euro3.25bn from Euro1.64bn. Both sales and earnings were also higher than the comparable period in 2019.

“These first-half 2021 record results surpass even our second-half 2020 performance. This success reflects the profound positive changes in our organisation from Transform & Grow,” said Benoit Bazin, chief executive officer of Saint-Gobain. “It also reflects structural changes in our markets, which should show an acceleration in growth over the coming years.” The group added that it was planning to catch up with previously delayed expansion projects for the construction Industry and in façade and gypsum solutions in Mexico, India and China in the second half of 2021.

Published in Global Gypsum News
Tagged under
  • France
  • SaintGobain
  • Results
  • Plant

Mounting sales and prices drive Eagle Materials’ revenue in first quarter

Written by Global Gypsum staff
30 July 2021

US: Eagle Materials’ gypsum wallboard sales grew by 28% year-on-year to US$166m in the first quarter of its financial year to 30 June 2021 from US$130m in the same period in 2020. Wallboard sales volumes rose by 8% to 70.9Mm2 from 65.4Mm2. Wallboard earnings increased by 53% to US$63.3m from US$41.3m. The building materials producer attributed its increased revenue to higher sales and prices.

“These results reflect strong market demand in both of our major business lines and exceptional operational execution by our team. Our wallboard business continues to benefit from robust residential construction activity across our markets,” said president and chief executive officer Michael Haack.

Published in Global Gypsum News
Tagged under
  • US
  • Eagle Materials
  • Results

American Gypsum to upgrade Bernalillo County gypsum wallboard plant

Written by Global Gypsum staff
23 July 2021

US: The Economic Development Department of the state of New Mexico has granted American Gypsum US$0.5m-worth of funding for an upgrade to its Albuquerque gypsum wallboard plant in Bernalillo County. The grant will facilitate equipment and infrastructure modernisation. The department says that the producer will invest US$22m in the state between 1 July 2021 and 31 December 2022. It employs 140 locals including Pueblo Indian people, in whose lands its gypsum mine is situated.

State Governor Lujan Grisham said "This investment means New Mexico jobs will stay in New Mexico. I'm glad the state could partner with American Gypsum and ensure long-term viability of their operations, and stabilise a New Mexico employer."

Published in Global Gypsum News
Tagged under
  • US
  • New Mexico
  • government
  • grant
  • Plant
  • Upgrade
  • American Gypsum

Gypsum Association investigates use of waste gypsum in concrete

Written by Global Gypsum staff
23 July 2021

Canada: The Gypsum Association has partnered with Divert NS to support research at Dalhousie University into the use of recycled gypsum from construction waste in concrete production. Dalhousie University previously demonstrated that gypsum could be a viable supplementary cementitious material when combined with fly ash in concrete. In this second phase of research, the team aims to expand on the work to optimise concrete production methods and product quality.

Canada research chair in sustainable infrastructure Pedram Sadeghian said “As durability is important for construction materials, our research group at Dalhousie University aims to study the durability of concrete containing recycled gypsum by monitoring the compressive strength and potential expansion after exposure to selected environmental conditions such as moisture and salt particle penetration that are common for concrete structures exposed to the environment.”

Gypsum Association executive director Stephen Meima said “We are very pleased to join Divert NS in supporting research that may improve numerous environmental outcomes. The gypsum industry is committed to landfill diversion of construction and demolition gypsum panel waste, and Professor Sadeghian’s work demonstrates that waste gypsum panels may have value beyond their service life in buildings and homes.”

Published in Global Gypsum News
Tagged under
  • Canada
  • Gypsum Association
  • Research
  • Divert NS
  • Dalhousie University
  • Recycling
  • concrete

Andhra Pradesh Industries and Commerce Department extends Saint Gobain India’s Atchutapuram gypsum wallboard plant financial incentives window

Written by Global Gypsum staff
16 July 2021

India: The Industries and Commerce Department of the Andhra Pradesh state government has granted Saint-Gobain India an extension to the duration a package of financial incentives will be available for the construction of its new gypsum wallboard plant at Atchutapuram, Visakhapatnam. The company now has until June 2022 to commence commercial production, according to the Hindu newspaper. The producer’s total investment in the project is US$268m. When finally commissioned, the plant will employ 450 locals. It will also manufacture float glass.

Saint-Gobain India also received permission from the department to change its name to Saint-Gobain Industries.

Published in Global Gypsum News
Tagged under
  • India
  • Andhra Pradesh
  • Gypsum plant
  • government
  • SaintGobain
  • SaintGobain India
  • SaintGobain Industries
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