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In 2024, Etex - the global building material manufacturer and pioneer in lightweight construction - took significant steps to position itself for future growth. This is particularly notable across several key dimensions: sustainability, financial performance, customer focus, manufacturing, safety and teammate engagement. These results are highlighted in the company’s latest combined annual report, presenting together its economic, social and environmental footprint, as well as performance.

A true pioneer in the development of lightweight, sustainable products, Etex, through its flagship brand Siniat, has designed a standard plasterboard made from 100% recycled gypsum recovered after use, using almost exclusively circular materials for its other constituents, with the same performance as a conventional plasterboard.

Etex, a global lightweight construction materials manufacturer, has officially opened its 200 million euros expansion of its plasterboard production facility in Bristol, United Kingdom. It is Etex’s largest production investment ever and a commitment to UK manufacturing as the industry grows.

Despite construction market challenges, Etex maintains strong 2024 performance while shaping the company for future growth.

Hans Van Bylen has been appointed Chairman of the Board of Directors, succeeding Jo Van Biesbroeck, who will continue to serve as a member of the Etex Board of Directors. In addition, Thierry Vanlancker has resigned from his position on the Etex Board following his appointment as Managing Director of Aliaxis. These changes will take effect on 1 January 2025.

For over a year now Etex and the construction sector have faced challenging market conditions characterised by a sustained decline in new build and renovation activities across most regions, resulting in a drop in volumes. Nevertheless, we delivered a resilient performance with stable REBITDA margins in the first half of 2024, in line with our anticipations and targets for the period.