Boral packing a sad and exiting its NZ plasterboard operations
Well that leaves Fletcher's Winstone with basically 100% of the market ....cool
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Boral packing a sad and exiting its NZ plasterboard operations
Well that leaves Fletcher's Winstone with basically 100% of the market ....cool
Sort of answers. Extract from NZ Herald..
Fletcher Building's Winstone Wallboards has market dominance nationally via its Gib brand, manufactured at Penrose but shifting to a new $400m Tauranga plant in 2023.
Kevin van Hest of Elephant Plasterboard in Auckland said he was sorry to see USG Boral leave this country.
"This now just leaves Elephant Plasterboard and Gib plasterboard in the New Zealand market," he said. "It is very sad, even though they were also a competitor of ours. New Zealand needs competition in the plasterboard market. Prices for Gib are already starting to skyrocket. It's the consumers that will ultimately suffer. If we go, then it will truly be a monopoly."
van Hest estimated Gib might have a 97 per cent market share after USG Boral's departure.
David Thomas, Winstone Wallboards' general manager, said the wall linings market in New Zealand was very competitive with a number of products still available in addition to Gib plasterboard.
"GIB is Kiwi-made, supported by great customer service, is a reliable quality product and provides best value for money, making it a very competitive product offering. Our focus has always been on providing the best value offering to our customers, in terms of product quality and customer service, at a price that reflects that value, just as we have done for more than 90 years," Thomas said today.
Placemakers 15% price rise. Paywalled.. https://www.nzherald.co.nz/business/...7E5QETLN2KWVQ/
Big day for Fletcher’s this Wednesday
I reckon F21 ebit to be $675m - above guidance
What will be good if they come out f22 guidance of $740m/$750m
Looking forward to it
I think you may be correct W69. FY22 I am expecting $740m/$800m. They are well positioned with residential new builds for next 12/24 months + Govt Infrastructure work. Legacy projects should almost be out? Increasing prices to cover there own increases as well.
Nice price bounce ahead of FY results tomorrow. I'm expecting quite a bit of bullish outlook statements and a fatter divvy payout. Perhaps an outside chance of another go at acquiring STU??