Displaying items by tag: cement boards

Latvia: Stiga RM is investing more than €32m in a new wood-wool cement board plant in Tukums, expected to complete construction by late 2024 and be operational by the end of 2025. Covering 15,000m², the plant will create almost 100 new jobs and focus on high-quality wood products, primarily for export markets in Europe, Scandinavia and North America. The plant has a capacity of 4.5Mm²/yr of acoustic wood-wool cement boards. The company has an agreement with SCM Group for the supply and installation of the production equipment at the plant.

Manager Sandis Fogelmanis said "We are pleased that the construction of the new plant is progressing according to plan and, at some stages, is even ahead of the original schedule."

Australia: Belgium-based Etex has acquired BGC Fibre Cement and BGC Plasterboard from BGC. The assets include the Canning Vale fibre cement board plant in Western Australia. Both businesses reported total sales of US$101m in the 2023 financial year.

Etex CEO Bernard Delvaux said “We warmly welcome our 200 new teammates coming from BGC. Joining forces with their plasterboard and fibre cement activities is a strategic opportunity for Etex. With this, we take a top three position in the fibre cement market and are eager to start delivering quality fibre cement to new customers.”

UK: James Hardie has launched its new 11mm Hardie Panel fibre cement panel in the UK market. The producer says that the panel brings extra robustness in addition to the performance benefits of its existing 8mm Hardie Panel. It added that 11mm Hardie Panel is 50% cheaper than comparable products on the market.

Australia: James Hardie has published its Sustainability Report 2023, recording its progress towards achieving its sustainability goals up to the end of the 2023 financial year on 31 March 2023. The producer's Scope 1 and 2 CO₂ emissions dropped by 26% compared to 2019 levels, against a new target of a 42% drop by 2030. Environmental product declarations (EPDs) covered 94% of its sales, ahead of a target for the year of 80%. The company launched a new goal to include 30% minority-identified people in its US management.

Chief sustainability officer and vice president, environmental social and governance, Jill Kolling said “Sustainability is a continuous journey, but a necessary one to drive value for our stakeholders, while delivering on our ambition to be a more resilient company. From our boardroom to our manufacturing plants, we are giving sustainability a place at the table to drive meaningful impact and instill accountability across all facets of our organisation.”

Malaysia: Saint-Gobain has signed a definitive agreement to acquire cement boards producer Hume Cemboard Industries. The France-based group said that the company will complement its existing lightweight product offering in Malaysia. Saint-Gobain expects to complete the deal before 1 October 2023.

US: American Fiber Cement Corporation (AFCC) has announced a rebrand to American Fiber Cement. Besides the name change, the producer's new branding will consist of a new logo and brand position, and a website redesign. Additionally, the company's range of former Cembrit brand fibre cement products will be rebranded to include the AFC name.

General manager Donna Anglada said "We are excited to reveal our new branding, but we also want to ensure that our distributors, reps and customers understand that, while the names are changing, we will continue to sell Patina, Patina Inline, Patina Rough, Deco, Solid, Cover and Transparent."

Australia: James Hardie's sales were US$3.77bn during the 2023 financial year, up by 4% year-on-year from 2022 financial year levels. Its flagship North America fibre cement segment increased its sales by 9% to US$2.79bn, its Asia Pacific fibre cement segment increased its sales by 1% to US$527m and its Europe Building Products segment increased its sales by 3% to US$470m.

James Hardie's CEO, Aaron Erter, said “We delivered full-year adjusted net income and operating cash flows of US$606m and US$608m respectively. I am pleased with how the team adjusted during the 2023 financial year to prepare the company to thrive through this cycle. This is reflected in our strong fourth quarter results, including all three regions delivering significant earnings before interest and taxation (EBIT) margin improvement sequentially in the fourth quarter.”

Looking forward to the first quarter of the 2024 financial year, James Hardie forecast adjusted net income growth of between -6% and +6.9%, to US$145 - 165m, throughout the quarter.

Chile: Knauf Aquapanel has commissioned its new 7Mm²/yr Puente Alto cement board plant in Santiago. The company invested US$17m in the construction of the plant. The facility will supply its cement boards to the local market, as well as for export to Argentina, Brazil, Colombia, Ecuador, Honduras, Panama, Paraguay, Peru and Uruguay.

Montenegro: UK-based private equity firm Chayton Capital has agreed to fund the feasibility study for the establishment of a joint public/private building materials production complex at the site of the Plejevlja energy hub. The complex will include a cement plant and cement bonded particle boards plant. Emerging Market Watch News has reported that the firm will also be involved in the modernisation of a coal-fired power plant at the site. The total budget for the project is Euro700m.

Austria: Fibre cement products company Eternit Österreich will rebrand as Swisspearl Österreich, effective from 1 April 2023. The company has been a subsidiary of Switzerland-based Swisspearl Group since 2009.