New Zealand currently has a limited supply of GIB-board.
GIB plasterboard is a product made from natural gypsum and 100% recycled paper. It is used for walls in almost all of New Zealand’s new homes and buildings.
Fletcher Building is the company that makes the majority of GIB boards in New Zealand. They supply around 95%.
Currently, demand is outstripping supply and they have had to ration products, leaving some housing projects unfinished and some builders struggling to stay afloat.
Fletcher Building says it will ramp up the production of GIB plasterboard between 7% and 8% between July and September.
The increased production would bring an additional one million square meters of GIB into the market.
However, many companies are not happy with Fletcher Building and have started importing a rival product from Thailand at a cheaper cost and quicker delivery times.
