Gypsum industry news

Peru: Eternit plans to start upgrading its Huachipa gypsum wallboard plant in 2020. It wants to start investing in the project in early 2020, according to the El Comercio newspaper. Following the upgrade the plant will double its production capacity by the end of 2021. The subsidiary of Belgium’s Etex wants to benefit from increased usage of wallboard products in the country. It was 0.45m2/capita in 2018 and the company is aiming to increase this to 1m2/capita by 2025.

US: National Gypsum’s Shippingport wallboard plant in Pennsylvania and its Anniston paper plant in Alabama have both won the Lloyd H Yeager Award for working 1 million hours or more worked without a lost time accident (LTA). The Shippingport plant reached 2 million hours without a LTA. The award is organised by the Gypsum Association (GA) and 13 plants have been recognised on this occasion. The Anniston paper plant makes face paper for National Gypsum’s wallboard products including the distinctive purple paper used in the company’s Purple product line.

“Under Lloyd H Yeager’s leadership, the GA ran a robust safety training program for the gypsum industry and was very successful in emphasising the importance of workplace safety among GA member companies,” said Stephen H Meima, executive director of the GA.

Belgium: Etex has recorded a first-half net recurring profit of Euro100m, up by 6.3% year-on-year from Euro94.1m in the same period of 2018. Paul Van Oyen, Chief Executive Officer (CEO) of Etex, noted the role of ‘strong market demand, mostly driven by the Building Performance division’ in driving the company’s growth. Only its Etex Exteriors division, launched on 1 January 2019, has not shown net profitability. Etex’s financial debt has decreased by Euro181m to Euro538m from Euro719m on 30 June 2018.

Ireland: Gyproc has confirmed that it did not carry out subsidence monitoring on a disused County Monaghan gypsum mine which subsided in September 2018, damaging community buildings and sports fields. The company revised its position on the checks after a ‘fresh and detailed analysis of records’ following an investigation by the Irish Independent. The newspaper reported that, having recorded a slowing of subsidence to millimetres per year, the company decided that six monthly monitoring, the norm in the area according to the Department of Communications, Climate Action and the Environment, was unnecessary.

Gyproc’s activities further caused a road to fall into a sinkhole in December 2018.

The subsidiary of Saint-Gobain has applied to install an open cast mine on a site including that of the erstwhile popular sports facility.

Australia: USG-Boral’s earnings have fallen due to a poor construction market in South Korea. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 6% year-on-year to US$170m in the financial year to 30 June 2019 from US$181m in the previous year. Its revenue grew by 2% to US$1.08bn from US$1.06bn. The joint venture said that, excluding South Korea, earnings were ‘steady’ as lower earnings from Indonesia, China and the Philippines were offset by increased contributions from Thailand, Vietnam and India, as well as a continued strong contribution from Australia.

The company also announced that Boral has entered into an agreement with Germany’s Knauf to form an expanded 50:50 plasterboard joint venture in Asia and for Boral to return to 100% ownership of USG Boral Australia & New Zealand. Completion of the deal is subject to regulatory approval. It follows the acquisition of USG by Germany’s Knauf in early 2019.