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Construction Materials

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Grafton Group says H1 trading better than anticipated

Tuesday, 11 Jul 2017 02:04am EDT

July 11 (Reuters) - Grafton Group Plc :Group revenue increased by 9.0 percent to £1.34 billion in H1 (up 6.2 per cent in constant currency; up 5.7 percent like-for-like).Says group performed "strongly in the half year with the benefit of broadly positive market segment conditions and good strategic positioning in key markets".CEO says "pleased with the Group's first half trading performance which was better than we anticipated and provides a good platform for the full year.".CEO says 'whilst we remain optimistic on medium term outlook for UK, we are cautious about shorter term impact of current uncertainty and pressure on real incomes'.merchanting business in Ireland 'outperformed a recovering market'.Netherlands merchanting business performed strongly against the backdrop of good growth in the Dutch economy.

H+H International to buy 99.19% of Grupa Ozarow's calcium silicate business ​

Friday, 7 Jul 2017 05:59am EDT

July 7 (Reuters) - H+H INTERNATIONAL A/S ::SIGNS AGREEMENT TO ACQUIRE GRUPA OŻARÓW SA'S CALCIUM SILICATE BUSINESS IN POLAND.SIGNS CONDITIONAL AGREEMENT WITH GRUPA OŻARÓW S.A. TO BUY 99.19% OF SHARES IN ITS POLISH CALCIUM SILICATE SUBSIDIARY, GRUPA SILIKATY SP. Z O.O.​.AS TRANSACTION IS EXPECTED TO BE CLOSED END OF 2017, FINANCIAL IMPACT ON P&L FOR YEAR IS INSIGNIFICANT.‍PURCHASE PRICE WILL BE PAID ACCORDING TO A DEFERRED PAYMENT SCHEDULE WITH INSTALMENTS BEING PAID AT CLOSING (APPROX. DKK 14 MILLION) AND BY END OF JANUARY 2019 AND 2020, RESPECTIVELY (EACH APPROX. DKK 25 MILLION)​.INTEGRATION COSTS, RECOGNISED AS SPECIAL ITEMS, ARE EXPECTED TO BE APPROXIMATELY DKK 5 MILLION.‍TRANSACTION WILL CREATE A STRONG AIRCRETE AND CALCIUM SILICATE BUSINESS IN POLAND AND IS EXPECTED TO CAPTURE "SIGNIFICANT" SALES SYNERGIES​.THERE ARE NO CHANGES TO LONG-TERM FINANCIAL TARGETS.

Jiangsu Xiuqiang Glasswork sees FY 2017 H1 net profit to increase by 51 pct to 70 pct

Tuesday, 4 Jul 2017 01:47am EDT

July 4(Reuters) - Jiangsu Xiuqiang Glasswork Co Ltd <300160.SZ> ::* Says net profit for FY 2017 H1 to increase by 51 percent to 70 percent, or to be 109 million yuan to 123 million yuan, compared to net profit of FY 2016 H1 (72.4 million yuan).* Says increased education industry profit and business operating profit as main reasons for the forecast.

China National Materials announces acquisition of Sinoma Synthetic Crystals

Thursday, 29 Jun 2017 06:21am EDT

June 29 (Reuters) - China National Materials Co <1893.HK>:Acquisition Of 100% Equity Interest In Sinoma Synthetic Crystals.Beijing synthetic crystals entered into equity transfer agreement with sinoma group.Sinoma group agreed to sell 100% equity interest in sinoma synthetic crystals at total consideration of rmb45.2 million.‍beijing synthetic crystals agreed to acquire 100% equity interest in sinoma synthetic crystals for rmb45.2 million.

A&A Material says liquidation of Singapore-based unit

Monday, 29 May 2017 09:31pm EDT

May 30 (Reuters) - A&A Material Corp <5391.T>:* Says it will liquidate unit, Ask Singapore Pte.Ltd. on June 15.* Says concern of uncollectible receivables of 668 million yen from the unit, due to the liquidation .

Vulcan Materials to buy Aggregates USA LLC for $900 mln

Thursday, 25 May 2017 06:30am EDT

May 25 (Reuters) - Vulcan Materials Co :Vulcan announces agreement to acquire Aggregates USA LLC.Deal for $900 million in cash.Vulcan Materials Co says expects transaction to be accretive to company's earnings per share in first year following close.Reached a definitive agreement with SPO Partners to acquire its Aggregates business, Aggregates USA LLC.Acquisition complements and expands Vulcan's service offerings in Georgia with three granite quarries.Acquisition includes 12 limestone quarries in Eastern Tennessee and Southwest Virginia.Vulcan may divest several quarries in Tennessee to a third party in order to expedite regulatory approval process.

Future Bright Mining says will commence new business segment on trading of commodities

Tuesday, 23 May 2017 04:44am EDT

May 23 (Reuters) - Future Bright Mining Holdings Ltd <2212.HK>:Group will commence a new business segment on trading of commodities which are mainly metal ore products.Group intends to finance commodities trading business by its own internal resources.Expect that new trading business will contribute positively to group's overall results for fy ending 31 december 2017.

India's Grasim Industries March-qtr consol profit up marginally

Friday, 19 May 2017 05:32am EDT

May 19 (Reuters) - Grasim Industries Ltd :March quarter consol net profit 10.64 billion rupees.March quarter consol total income 114.09 billion rupees.Consol profit in march quarter last year was 10.55 billion rupees as per Ind-AS; consol total income was 107.64 billion rupees.Recommended dividend of 5.50 rupees per share.Says transaction with Aditya Birla Nuvo is expected to be completed by Q2 FY18..Says company’s brownfield expansion at Vilayat is on track.Says company’s commissioning of Vilayat plant is expected by q4fy18.Says company is in the process of debottlenecking of its plants to meet the growing demand for VSF business.

China Tianrui Group Cement says non-executive director and joint company secretary were detained in Jinan

Tuesday, 9 May 2017 09:17am EDT

May 9 (Reuters) - China Tianrui Group Cement Co Ltd <1252.HK>:Yang Yongzheng, non-executive director and Yu Chun Liang, joint company secretary were detained in Jinan, prc by police.So far Yang and Yu have not been judged in a prc court nor held guilty as company was informed.Yang and Yu were detained due to alleged violation of criminal law of prc when they performed their other duties on 8 Apr 2017."Believes that, as at date hereof, incident has not affected group and business and operations of group remain normal"."The incident did not arise in connection with company and its subsidiaries".

H and R Century Union dissolves Shanghai-based ad unit

Friday, 5 May 2017 02:28am EDT

May 5 (Reuters) - H and R Century Union Corp <000892.SZ> ::* Says it cancels registration of Shanghai-based ad unit as planed .

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