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Construction Materials

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  • MEXICO CITY, April 7- Mexican cement maker Grupo Cementos de Chihuahua expects sales growth to decline this year after record revenue last year as low oil prices constrict demand in the United States, the company's top market. GCC Treasurer Luis Carlos Arias said in an interview that after a nearly 20- percent sales spike in 2014, the company projects only...

  • *Galchev is Holcim's second-largest owner. LONDON/ MOSCOW, April 3- A Russian billionaire with a reputation for corporate bust-ups is trying to play spoiler in Holcim and Lafarge's effort to create the world's biggest cement company, only weeks before a shareholder vote to ratify the merger. Filaret Galchev, second-largest shareholder in Switzerland's...

  • Lumber Liquidators March same-store sales fall 17.8% Thursday, 2 Apr 2015 | 7:21 AM ET
    Lumber Liquidators

    Lumber Liquidators sales fell in March after a report alleged its laminates had higher-than-permitted levels of a cancer-causing substance.

  • ZURICH, March 30- Switzerland's Holcim said on Monday it had sold its 27.5 percent stake in Thailand's second-largest cement company Siam City Cement, in deals worth 655 million Swiss francs. Zurich- based Holcim, which plans to merge with France's Lafarge, said 24.9 percent of Siam City Cement was acquired by an affiliate of Hong Kong- based conglomerate Jardine...

  • *FTSE 100 up 0.6 pct. ARM rose 2.4 percent, the top FTSE 100 riser, recovering after dropping 10 percent in two days last week. The broader FTSE 100 also recovered from a weekly fall, up 55.98 points, or 0.6 percent, at 6,911.00 by 0813 GMT, after dropping 2.4 percent last week.

  • MOSCOW, March 20- Russian businessman Filaret Galchev, who owns shares in Switzerland's Holcim via Eurocement Holding AG, declined to comment on Friday on the new terms of the firm's merger with France's Lafarge. Holcim and Lafarge have agreed new terms for their plan to create the world's biggest cement company, giving unhappy shareholders in the Swiss firm a...

  • *Share exchange ratio altered in Holcim's favor. PARIS/ ZURICH, March 20- Switzerland's Holcim and France's Lafarge have agreed new terms for their plan to create the world's biggest cement company, giving unhappy shareholders in the Swiss firm a better deal. The companies also agreed that Lafarge boss Bruno Lafont would no longer become chief executive and...

  • DUBLIN, March 19- Irish cement firm CRH is assuming the merger of rivals Lafarge and Holcim will still happen, its chief said after CRH shareholders approved an asset purchase that depends on the deal. CRH has agreed to buy a number of mostly European assets from Lafarge and Holcim for 6.5 billion euros so the French and Swiss firms can get antitrust clearance for...

  • PARIS/ ZURICH, March 18- Cement makers Holcim and Lafarge, seeking to save their merger deal, are discussing a new leadership for the combined group which would give Lafarge's boss Bruno Lafont a lesser role, sources familiar with the matter said on Wednesday. Lafont could be named co-chairman of the future company, two of the sources said, alongside Wolfgang...

  • Lafarge and Standard Chartered help European shares gain Wednesday, 18 Mar 2015 | 11:53 AM ET

    LONDON, March 18- European shares rose on Wednesday, with Standard Chartered surging on broker upgrades and Lafarge leading the construction and materials sector higher on expectations that a merger deal with Holcim could be saved. Lafarge rose 5.7 percent after sources said the cement maker was seeking to save its merger with Switzerland's Holcim and the...

  • PARIS/ ZURICH, March 18- Cement makers Holcim and Lafarge, seeking to save their troubled merger, are discussing a new CEO appointment to the combined group that would see current Lafarge boss Bruno Lafont in a different role, sources said on Wednesday. A second source said that Holcim was not calling into question that the marriage of the two groups was of equals- a...

  • California carbon revenue hits $1.6 billion Tuesday, 17 Mar 2015 | 6:46 PM ET

    SAN FRANCISCO, March 17- California's February carbon permit auction raised $629.5 million, bringing the state's total from the program's 10 quarterly auctions almost to $1.6 billion, state officials said on Tuesday. Funds raised by the sale of the permits to large emitting businesses like oil refineries and cement manufacturers are deposited into a state...

  • PARIS/ ZURICH, March 16- Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. "The Holcim board of directors has concluded that the combination agreement can no longer be pursued in its present form," Holcim said in a statement,...

  • PARIS/ ZURICH, March 16- Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. But since then, diverging results, share prices and a surge in the Swiss franc against the euro have strengthened Holcim's position and led its largest...

  • Builders offer assurance after Lumber Liquidators scare Thursday, 12 Mar 2015 | 10:35 AM ET
    New home sales construction

    The nation's largest home builders have been quick to check and recheck their flooring lines after Lumber Liquidators mess.

  • March 12- Shares of cement maker Summit Materials Inc, controlled by Blackstone Group LP, rose as much as 12.5 percent in their trading debut on Thursday, valuing the company at $1.87 billion. The stock opened at $20.16 and touched a high of $20.25, valuing the company at about $1.87 billion. Citigroup and Goldman Sachs& Co are the lead underwriters of the offering.

  • March 12- Shares of Summit Materials Inc, a cement maker controlled by Blackstone Group LP, rose as much as 12.5 percent in their trading debut on Thursday, valuing the company at $1.87 billion. The offering was priced at $18 each, the midpoint of the expected range of $17- $19. Summit Materials' valuation takes into account 92.26 million outstanding shares, if all...

  • March 11- Cement maker Summit Materials Inc's initial public offering was priced at $18 per share, according to a market source, valuing the Blackstone Group- controlled company at $1.67 billion. The company raised about $400 million after its offering of 22.2 million class A shares was priced at the midpoint of the expected range of $17- $19 per share.

  • Summit Materials IPO priced at $18/share - market source Wednesday, 11 Mar 2015 | 5:15 PM ET

    March 11- Cement maker Summit Materials Inc's initial public offering was priced at $18 per share, according to a market source, valuing the Blackstone Group- controlled company at $1.67 billion. The company raised about $400 million after its offering of 22.2 million class A shares was priced at the midpoint of the expected range of $17- $19 per share.

  • One way to (possibly) make money in Cuba Wednesday, 11 Mar 2015 | 1:23 PM ET
    A privately owned party supply store in Havana, Cuba.

    The founder of an investment firm is raising money for a private equity fund geared toward direct investment in Cuba.