building materials
Coverage of building materials in the Nexus archive.
- Cemex Lifts Its 2026 Outlook as EBITDA Jumps 24%
Cemex, the Mexican building-materials giant, reported a 12% sales increase to $4.1 billion in Q2, driven by growth across all four regions. Operating cash flow (EBITDA) surged 24% to a record $1.02 billion, while net income rose 9% to $347 million. The company upgraded its 2026 outlook following these strong results.
- Trump administration says 15 agencies will get $5bn in ‘AI for science’ effort
The Trump administration announced $5 billion in funding for 15 agencies to advance scientific research using AI. The initiative aims to address chronic diseases, accelerate drug discovery, and develop durable building materials, with scientists gaining access to Department of Energy supercomputers and datasets.
- ‘Sludge in the system’: myriad problems stymie Labour’s 1.5m new homes pledge
Labour's pledge to build 1.5 million new homes faces challenges including rising building material costs, affordability issues, and planning delays. An example of training future construction workers is highlighted at South and City College in Birmingham.