JPM | Building Broadcast: HOLN, GET, BKG, TW/ JPMC Construction Daily

Research evidence excerpt

JPM | Building Broadcast: HOLN, GET, BKG, TW/ JPMC Construction Daily

J P M O R G A N Europe Equity Research

28 May 2026

JPM | Building Broadcast: HOLN,

GET, BKG, TW/

JPMC Construction Daily

Building Materials European Building & Construction

and Infrastructure

• Former Lafarge executives released pending Syria terrorism appeal. Elodie Rall AC

Cemnet reports (link) that The Paris Court of Appeal ruled on Tuesday to (44-20) 7134-5911

elodie.rall@jpmorgan.com

release former Lafarge CEO Bruno Lafont and his deputy Christian Herrault J.P. Morgan Securities plc

from prison under judicial supervision, pending their appeal over terrorism

Zaim Beekawa

financing convictions in Syria. (44-20) 7134-4175

• Cruz Azul targets 17% production growth by end-2026. Cemnet reports zaim.beekawa@jpmorgan.com

(link) that Mexico-based Cooperativa Cruz Azul expects cement production to J.P. Morgan Securities plc

increase by 17 per cent by the end of 2026, according to chairman Víctor Jamie Smallbone

Manuel Velázquez Rangel. The producer reported a nine per cent increase in (44-20) 3493-7015

jamie.smallbone@jpmorgan.com

cement production in 2025 compared to the previous year, supported by J.P. Morgan Securities plc

infrastructure modernisation and improvements in administrative efficiency. Manshi Sinha

• New hydrogen facility for Çimsa’s Buñol plant. Global Cement reports (91-22) 6157 5111

(link) that Fusion Fuel Green has announced that its subsidiary Bright manshi.sinha@jpmchase.com

J.P. Morgan India Private Limited

Hydrogen Solutions will provide construction and operation services for a

2MW ‘green’ hydrogen production facility at a cement plant in Buñol, Spain.

The facility will be built for Çimsa Cementos España under a construction

agreement with Bright Hydrogen Solutions’ Spanish branch.