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Saint-Gobain increases profit by 207% in 2019
Written by Global Gypsum staff
28 February 2020
France: Saint-Gobain’s net profit in 2019 was Euro1.45bn, up by 207% year-on-year from Euro474m in 2018. Its net sales were Euro42.6bn, up by 1.9% from Euro41.8bn in 2018. Saint-Gobain chairman CEO Pierre-André de Chalendar praised the year’s performance in spite of a ‘less supportive market environment in the second half.’ He said, “For 2020, in a more uncertain market environment, Saint-Gobain should continue to benefit from its attractive positioning and from the results of its ‘Transform & Grow’ initiative, and is targeting a further like-for-like increase in operating income with an uncertainty about the impact of the coronavirus.”
Azerbaijan’s gypsum production down by 5.5% in January 2020
Written by Global Gypsum staff
24 February 2020
Azerbaijan: Azerbaijan produced 400t of building gypsum in January 2020, down by 5.5% year-on-year from 423t in January 2019. The total value of building materials produced in the country was US$30.8m, up by 35% from US$22.8m in January 2019.
Troubled Boral sees profit slide 40%
Written by Global Gypsum staff
20 February 2020
Australia: Boral has seen a 40% decrease in its profit during the first half of its fiscal year a period that ended on 31 December 2019. Its profit fell to US$90.4m for the period from US$151m a year earlier. Boral said that this was due to higher costs and weak housing activity in Australia and South Korea. It was also affected by the costs of transactions between its USG-Boral joint-venture partner USG and Knauf, which bought USG in 2019, along with its interest in USG-Boral.
CertainTeed Cody plant to close in April 2020
Written by Global Gypsum staff
14 February 2020
US: CertainTeed Gypsum plans to close its Cody gypsum wallboard plant on 3 April 2020. 50 jobs at the site will be lost when the subsidiary of France’s Saint-Gobain closes, according to the Associated Press. Saint-Gobain is reported to be attempting to sell the 26Mm2/yr facility.
Telangana State Power Generation Corporation awards gypsum and coal handling contract to BTL EPC
Written by Global Gypsum staff
14 February 2020
India: BTL EPC, a division of engineering firm Shrachi Group, has been awarded a US$51m synthetic gypsum, limestone and coal handling equipment contract for Telangana State Power Generation Corporation’s proposed 5X800 MW Yadradri Thermal Power Station Thermal Power Station, according to the Economic Times newspaper. The contract includes the provision of a 21.8km-long conveyor.
