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Construction Materials

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Wienerberger to acquire Columbus Brick Company

Tuesday, 31 Oct 2017

Oct 31 (Reuters) - WIENERBERGER AG ::EXPANDS BRICK BUSINESS IN THE USA.‍SIGNED AN AGREEMENT TO ACQUIRE COLUMBUS BRICK COMPANY THROUGH ITS WHOLLY OWNED SUBSIDIARY GENERAL SHALE​.‍WITH 75 EMPLOYEES, COLUMBUS BRICK COMPANY GENERATED REVENUES OF ROUGHLY USUSD 23 MILLION IN 2016​.‍AS OF DATE OF CLOSURE, TRANSACTION WILL RESULT IN A POSITIVE CONTRIBUTION TO EARNINGS​.‍IT HAS BEEN AGREED WITH CURRENT OWNERS NOT TO DISCLOSE PURCHASE PRICE​.

LafargeHolcim CEO says the previous forecasts were too optimistic

Friday, 27 Oct 2017

Oct 27 (Reuters) - LafargeHolcim Ltd :LafargeHolcim CEO says business review is still ongoing.Lafargeholcim CEO says more details of action plan at full year results.LafargeHolcim CEO says the last forecasts we had were on the optimistic side.LafargeHolcim CEO says strategy is moving more towards growth rather than cost cutting.LafargeHolcim CEO says 7 billion sfr operating ebitda target for 2018 no longer an aim.LafargeHolcim CEO says chairman backs new targets.

Eagle Materials reports Q2 earnings per share $1.31

Wednesday, 25 Oct 2017

Oct 25 (Reuters) - Eagle Materials Inc -:Eagle Materials reports second quarter EPS up 5% on record revenues.Q2 earnings per share $1.31.Q2 revenue $376.3 million versus I/B/E/S view $418.3 million.Q2 earnings per share view $1.55 -- Thomson Reuters I/B/E/S.Eagle Materials Inc qtrly business sales volume results reflect storm interruption effects​.

Marshalls Plc buys CPM Group for total cash consideration of 38.3 mln stg​

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Marshalls Plc ::‍acquisition of CPM group limited for a total cash consideration of £38.3m​.Marshalls Plc says ‍acquisition of CPM is expected to be earnings enhancing in its first full year after completion​.Marshalls Plc says ‍Mike Stacey, former managing director of CPM, will remain with business and will join Marshalls' senior management team​.

India's Ultratech Cement Sept qtr profit down about 28 pct

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - India's Ultratech Cement Ltd :Sept quarter net profit 4.31 billion rupees versus 6.01 billion rupees last year.Consensus forecast for sept quarter net profit was 4.15 billion rupees.Sept quarter revenue from operations 65.71 billion rupees versus 61.96 billion rupees last year.Says approved investment of 1.94 billion rupees for setting up 4 LMT capacity wall care putty plant‍​.Says wall care putty plant‍​ expected to be commissioned in Q2 FY 20.

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