JPM | Building Broadcast: VTY,SGO,AMRZ,HEI,FGR,FER, DG,AENA: JPMC Construction Daily

研报英文原文证据摘录

JPM | Building Broadcast: VTY,SGO,AMRZ,HEI,FGR,FER, DG,AENA: JPMC Construction Daily

J P M O R G A N Europe Equity Research

08 July 2026

JPM | Building Broadcast:

VTY,SGO,AMRZ,HEI,FGR,FER,

DG,AENA

JPMC Construction Daily

Building Materials European Building & Construction

and Infrastructure

• Saint-Gobain to Reinforce Its Supply Chain for Roofing and Plasterboard Elodie Rall AC

in North America with the Acquisition of a Glass Fiber Plant. Saint-Gobain (44-20) 7134-5911

elodie.rall@jpmorgan.com

has entered into a definitive agreement to acquire a glass fiber plant in the J.P. Morgan Securities plc

United States located in Lexington, North Carolina. This plant has been a

Zaim Beekawa

longstanding supplier for Saint-Gobain CertainTeed in the United States. It (44-20) 7134-4175

produces high-quality materials used to manufacture glass mat, a key zaim.beekawa@jpmorgan.com

component to produce roofing shingles and high-performance plasterboards. J.P. Morgan Securities plc

This acquisition will reinforce Saint-Gobain’s supply chain and Jamie Smallbone

competitiveness to support its local business model and further strengthen the (44-20) 3493-7015

innovative and differentiated offer of the Group, by insourcing key value- jamie.smallbone@jpmorgan.com

added components. The transaction is expected to close on July 31, 2026. Link J.P. Morgan Securities plc

to the press release. Manshi Sinha

(91-22) 6157 5111

• Americas Construction Materials 2Q26 Preview: Expect Margins to manshi.sinha@jpmchase.com

Trough, Vols Remain Subdued, and Cement Pricing Still Weak; CX Best J.P. Morgan India Private Limited

Positioned. Ahead of 2Q26 earnings results, which kick off towards the end

of the month, and following recent conversations with our companies, the