UK: Etex Group has merged Siniat, Promat and EOS Facades to create Etex Building Performance UK. The new division will combine technical knowledge and research and development resources in the dry construction sector. Etex intends to create new products aimed at reduced installation times whilst catering to specifiers' requirements.

The division will employ over 500 people, with production sites in Bristol, Yorkshire and County Durham. It will be led by Neil Ash, the managing director of Siniat UK, who will become Head of Etex Building Performance UK. Each company will continue to trade separately in the UK as Siniat, Promat and EOS Facades.

"Our vision is singular - to be the leading expert in dry construction, concentrating our efforts on creating solutions for the buildings of tomorrow. The three brands within Etex Building Performance complement each other and are well known for their innovation, high-quality manufacturing and technical know-how," said Ash.

Siniat produces drywall products and Promat specialises in passive fire protection. Siniat acquired EOS Facades, a provider of Steel Frame Systems, on 8 April 2016,

Russia: The Federal Antimonopoly Service (FAS) has approved an application by Knauf Gypsum Kuban to acquire a 100% stake in ZZSG. FAS ruled that the takeover would not have any effects for competition in the market sector.

ZZSG is a producer and seller of gypsum products in the Mari El federal region of Russia. Knauf Gypsum Kuban is a Russia subsidiary of Knauf.

Honduras: Knauf International has acquired Caspian International in Honduras. Caspian International operates a gypsum wallboard plant in Choloma. The transaction also includes Cateras de Sula, a gypsum quarry in Honduras, and Caspian Panama, a commercial office.

"After our two recent acquisitions in Colombia, we are extremely pleased to strengthen our geographical footprint in the central American market... We are convinced that this acquisition is the beginning of a strong evolution in Central America and in the Caribbean Islands. As we have done in other countries, we will bring our expertise in plasterboard manufacturing to Central America, but also in other construction fields such as Aquapanel cement board, ceilings, jointing and Cleneo, our decorative boards," said Serge Azaïs, member of the Knauf Management Committee and CEO for South America. "Knauf Honduras will benefit from the strong knowledge of our Argentinian team, leading the integration process of the former Gypcen brand."

China: China National Building Material Company's (CNBM) net profit has fallen by 83% year-on-year to US$157m in 2015. Its revenue fell by 17.8% to US$15.4bn. China's largest cement producer has blamed the loss of profits on a steep drop in cement sales due to a national slowdown in fixed-asset investments, infrastructure construction and real estate investments.

The state-owned building materials company also produces gypsum wallboard, insulation materials and ceiling systems. Revenue from the sale of lightweight building materials fell by 7.6% to US$1.09bn as the price of gypsum wallboard fell. However, revenue from mineral wool insulation sales and composite materials rose by 25.3% to US$501m due to increased sales of pipes, tanks and rotor blades.