ConstructionIndustry

James Hardie Strikes $8.75 Billion Deal to Acquire Azek, Expanding Its Reach in Building Materials

7 days ago

In a significant maneuver within the construction and building materials industry, James Hardie Industries PLC has announced its decision to acquire Azek Company Inc. for a staggering $8.75 billion. The agreement marks a pivotal step for James Hardie as it seeks to broaden its portfolio and leverage Azek's innovative product offerings. This strategic acquisition comes amidst a rapidly evolving market characterized by increasing demand for sustainable and high-performance building materials.

Steel Shortages Jeopardize South Africa’s Ambitious $257 Billion Infrastructure Plan

2 months ago

South Africa's massive infrastructure development project, estimated at $257 billion, is facing significant risks due to shocking steel shortages and soaring prices. This ambitious initiative, aimed at revitalizing the country's economy and improving essential services, is jeopardized as the construction sector grapples with escalating costs stemming from the ongoing shortage of steel supplies.

Abandoned Zombie Construction Sites Are Fueling Germany's Escalating Housing Crisis!

6 months ago

But now a new, unstoppable beast has emerged to stalk Germany's real estate sector: the zombie construction site. A rising number of unfinished building projects is leaving many regions in disarray and worsening an already acute housing shortage across the country. Cranes stand still, scaffolding rusts and for many Germans, the dream of a decent place to live is as far away as ever.