Latest Construction Materials News

MAAS Group has received FIRB approval for the sale of its construction materials division to Heidelberg Materials Australia, leaving shareholder approval and an Asphalt Operators acquisition as the key remaining conditions. Settlement remains targeted for October 2026, with transaction terms unchanged.

James Hardie Industries has agreed to divest its European Fermacell sustainable walling and flooring business to Holcim for €840 million, while planning to close its European fiber cement operations and launch a $250 million share buyback.

Maas Group Holdings posted a record FY26 with underlying EBITDA up 37% to $300.3 million, driven by electrical manufacturing growth. The $1.7 billion sale of its Construction Materials division to Heidelberg Materials is set to reshape its capital allocation and growth strategy.

Wagners Holding Company Limited (ASX:WGN) reported a 17% revenue increase to $504 million and a 78.5% surge in net profit after tax to $40.6 million for FY26, driven by strong growth in Construction Materials and Composite Fibre Technologies.

Fletcher Building (ASX:FBU) reversed its FY25 loss with a $228 million net profit in FY26, driven by a 26% rise in EBIT and a $362 million reduction in net debt amid portfolio simplification and operational improvements.

Papua New Guinea’s government has taken a significant equity position in Pacific Lime and Cement’s Central Lime Project, injecting US$16.3 million and reinforcing sovereign backing for the nation’s first integrated lime and cement manufacturing platform.

Fletcher Building has confirmed the release of government grant funds to Golden Bay Cement, enabling the purchase of New Zealand Units that underpin the plant's operation through 2040 and safeguard over 600 jobs in Whangarei.

Eden Innovations is broadening its EdenCrete®Pz7 footprint with Amrize by adding four new concrete plants in Texas, Minnesota, and Toronto, supported by initial US$32,000 orders.

Eden Innovations has secured robust validation from India’s Central Road Research Institute showing its EdenCrete®Pz7 carbon nanotube admixture boosts concrete strength, durability, and sustainability in key infrastructure mixes.

Fletcher Building and the New Zealand Government have struck a $60 million deal to keep Golden Bay Cement's Northland plant operational until at least 2040, safeguarding a critical domestic supply chain and addressing carbon cost challenges.

Fletcher Building has raised its FY26 EBIT guidance to $400m-$403m, buoyed by stronger volumes across key divisions and a $52m boost from property sales. However, caution remains over potential project delays and cost inflation impacting early FY27 performance.

Fleetwood Limited closed FY26 with a cash balance of $61.5 million, significantly above prior guidance due to accelerated receipt of major customer payments.