Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 


HomebuilderStocks.com - A Leading Global Website for Homebuilder Stocks

HomebuilderStocks.com - investing ideas in homebuilder stocks/real estate stocks and industry

Like Homebuilder Stocks? View our Homebuilder Stocks Directory  Get News Alerts on Real Estate and Homebuilder Stocks


Featured Homebuilder Stocks - Feature Your Company & Product Here

Luxury real estate broker Joyce Rey talks about Beverly Hills, tech & celebrity buyers

Homebuilder News

Global Pump Market to Grow 5.6% Annually Through 2022
June 11, 2018 (Investorideas.com Newswire) Global demand for fluid handling pumps is projected to grow 5.6% per year to $84.4 billion in 2022 based on broad growth across major markets.

Foamed Plastic Insulation Demand to Grow 4.4% Annually Through 2022
June 1, 2018 (Investorideas.com Newswire) Foamed plastic insulation in the residential market is forecast to rise 4.4% per annum to 520 million pounds in 2022, valued at $1.1 billion.

Fiber Cement Siding Demand to Exceed 2 Billion Square Feet in 2022
May 21, 2018 (Investorideas.com Newswire) Demand for fiber cement siding is forecast to grow 3.3% per year to 2.1 billion square feet in 2022.

Outdoor Lighting Fixture Demand to Grow 6.7% Annually Through 2022
May 21, 2018 (Investorideas.com Newswire) Demand for outdoor fixtures is expected to increase 6.7% per year to $5.5 billion in 2022.

Legalshield Law Index Points To Rise In Home Construction, But Trade Conflicts Are Driving Up The Cost Of Materials
ADA, OKLAHOMA - May 8, 2018 (Investorideas.com Newswire) Released today, the LegalShield Housing Activity Index, a leading indicator of housing starts and a component of the broader LegalShield Law Index, suggests there is reason for optimism about increasing housing construction momentum this year

Demand for Reactive Adhesives and Sealants to Reach 1.3 Billion Pounds in 2022
May 2, 2018 (Investorideas.com Newswire) Demand for reactive adhesives and sealants is projected to rise 3.0% per year to 1.3 billion pounds in 2022, valued at $4.8 billion. The leading reactive adhesive and sealant chemistries are silicones, polyurethanes, epoxies, and polysulfides.

Atrium Mortgage Investment Corporation (TSX: AI) Announces May 2018 Dividend
Toronto, Ontario - May 1, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of May 2018 of $0.075 per common share, to be paid June 12, 2018 to shareholders of record May 31, 2018.

Gardening Hand Tool Sales to Reach $738 Million in 2022
April 30, 2018 (Investorideas.com Newswire) Demand for gardening hand tools totaled $654 million in 2017, increasing only 0.6% annually between 2012 and 2017.

Cooling Systems Stock Now in Position to Take Off Higher
April 19, 2018 (Investorideas.com Newswire) Clive Maund provides a technical analysis on an energy efficiency company that he believes is a buy.

Wood Moulding and Trim Demand to Grow 3.7% Annually Through 2022
April 16, 2018 (Investorideas.com Newswire) Interior moulding is expected to continue to account for the majority of wood moulding and trim.

Subscribe to Homebuilder News RSS

Submit Articles   Search More Articles

Construction and Materials News from Globe Newswire

VINCI : VINCI and Ares create Liva, a company specialising in worksite logistics

  LLO
 See infographic and PDF version in attached file.

Rueil Malmaison, 18 June 2018

VINCI and Ares create Liva, a company specialising in worksite logistics

Developed at the initiative of the Fondation VINCI pour la Cité[1], Liva is a back-to-work company providing logistics services for building sites.

Liva, a social enterprise, is a joint venture established by two founding shareholders: Ares (51%) and VINCI Construction France (49%). The company, under the executive management of Ares, will operate throughout France and for several customers, starting with worksites in the greater Paris region. Its aim is to meet the social integration requirements included in a large number of contracts and contribute to innovation in worksite logistics. Through Liva, VINCI Construction France and Ares hope to build bridges towards employment by proposing stable jobs and personalised support to people in difficulty. Drawing on their complementary areas of expertise, the two partners intend to professionalise worksite logistics jobs and innovate in that activity by creating a comprehensive solution based on digital technology and remote logistics management.

The company has three main goals:
- a social integration project: Liva will boost the social integration of people in difficulty by proposing stable jobs and personalised socio-professional support;
- a human resources project: build bridges towards employment. Liva will propose to some of its employees that they change career path and go into one of the Group's activities that are seeking to increase their workforce;
- a business activity project: to professionalise worksite logistics by drawing on the complementary areas of expertise the two partners in order to innovate by creating a comprehensive logistics solution, including a remote hub.

For the past several years, VINCI Construction France has awarded contracts to back-to-work group Ares for services associated with its major building sites in the greater Paris region - logistics management, traffic coordination, cleaning and waste management - as was the case, for example, for the redevelopment works on the Jussieu university campus and Fontenoy-Ségur complex. Ares is currently providing such services on the new Saint-Gobain HQ construction site.

Located in the Nanterre premises of VINCI Construction France, Liva will take on its first integration programme employee in July 2018.

The company's target is to hire 20 integration programme employees by the end of 2018, with a further 50 or so by the end of 2019. It will benefit from the support of the Hauts-de-Seine Regional Directorate for Enterprises, Competition Policy, Consumer Affairs, Labour and Employment.

About VINCI
VINCI is a global player in concessions and contracting, employing close to 195,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI's goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.
www.vinci.com

About Ares
Created in 1991, Ares (Association pour la Réinsertion Economique et Sociale) is a group of companies that serve as a "launch pad" for the social integration of the most marginalised people (young people without qualifications, people with disabilities, the long-term unemployed, etc.). Ares acts like a safe haven, somewhere people can put down their baggage, solve their problems and gradually prepare their professional and personal future. To that end, Ares runs an integration programme based on paid work, social and professional support, training and help to move into employment at the end of the programme. Ares comprises 12 social enterprises, each operating in a specific geographical area (Ile de France, Auvergne-Rhône-Alpes, Aquitaine) and focusing on four business activities: logistics, the circular economy, digital technology and environment-friendly transport. With an annual budget of €30 million, Ares supports almost 850 people a year over an average period of 11 months, with 66% of them leaving to take up a job or training programme.

PRESS CONTACTS

VINCI Press Relations
Communication Department
Tel: +33 (0)1 47 16 31 82
e-mail : media.relations@vinci.com

ARES
Fabien de Castilla
Deputy CEO
Tel: +33 (0)6 20 18 30 54
e-mail: fabien.decastilla@ares-association.fr




[1] Created in 2002, the Fondation VINCI pour la Cité supports projects that provide durable solutions to the problems of integrating people in difficulty. The Foundation fosters initiatives proposed in the vicinity of VINCI operations in France and the rest of Europe. It illustrates the Group's determination to be a long-term partner to the communities for which it builds and manages infrastructure.


Attachment

GCC Successfully Refinances Its Bank Debt

New unsecured credit agreement replaces all existing bank debt

Around US$ 10 million estimated annualized interest expense savings

CHIHUAHUA, Mexico, June 15, 2018 (GLOBE NEWSWIRE) -- Grupo Cementos de Chihuahua, S.A.B. de C.V., or GCC, (BMV:GCC*) announces the completion of a comprehensive new term loan agreement with its banks. The new agreement replaces all GCC’s existing bank debt, reduces interest expense, and improves terms and conditions. 

The new US$ $400 million loan has a term of 5 years, with a variable interest rate spread of 1.25% to 2.0% over Libor, based on GCC’s debt/EBITDA ratio. The initial margin will be 1.75%. In addition, the agreement includes an unsecured US$ 50 million revolving line of credit.

BBVA Bancomer S.A., Banco Nacional de México, S.A., JPMorgan Chase Bank, N.A., and The Bank of Nova Scotia are leading the financing.

The refinancing will result in an annualized reduction of interest expense of approximately US$ 10 million.

The revolving line of credit will be available to meet working capital requirements and for general corporate purposes, increasing GCC’s financial flexibility. 

Luis Carlos Arias, GCC’s Chief Financial Officer, said, “The new bank agreement is another ratification of the decisive steps GCC is taking to grow our business in the U.S. and Mexico and expand margins.  The bank refinancing and back-up revolving credit further strengthen GCC’s financial position and improve our financial flexibility.”

The bank refinancing follows the May 2018 upgrade by S&P of GCC’s debt rating to BB+ with a stable outlook and takes place less than one year after GCC refinanced its US$ 260 million senior notes, reducing the interest coupon by 287.5 basis points.

About GCC

GCC is a leading supplier of cement, concrete, aggregates, and construction‐related services in the United States and Mexico, with an annual cement production capacity of 5.1 million metric tons. Founded in 1941, the Company’s shares are listed on the Mexican Stock Exchange under the ticker symbol GCC.

Forward Looking Statements

This press release may contain forward-looking statements. All statements that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “intend,” “project” and similar expressions are generally intended to identify forward-looking statements. These statements are subject to risks and uncertainties including, among others, changes in macroeconomic, political, governmental or business conditions in the markets where GCC operates; changes in interest rates, inflation rates and currency exchange rates; performance of the construction industry; pricing, business strategy, and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from the beliefs, projections, and estimates described herein. GCC assumes no obligation to update the information contained in this press release.

For further information, contact:

GCC Investor Relations: 
Ricardo Martinez
+52 (614) 442 3176
+ 1 (303) 739 5943
rmartinezg@gcc.com
Daniel Wilson, Zemi Communications
+1 (212) 689 9560

dbmwilson@zemi.com

SSI SCHAEFER Implements High-Tech Distribution Center for IKEA

CHARLOTTE, N.C., June 15, 2018 (GLOBE NEWSWIRE) -- IKEA is breaking ground on a new distribution center in Montreal that will service both United States and Canada. The new center will support current IKEA retail formats but the new center will allow the furniture retailer to compete in e-commerce and smaller retail formats with faster service and greater storage capacity. IKEA selected SSI SCHAEFER for the implementation. Core elements include an automatic shuttle warehouse design that utilizes the SSI SCHAEFER 3D-MATRIX Solution®, a high-bay warehouse (HBW) with 245,000 pallet storage locations, ergonomic multi-order-picking workstations, and the warehouse control software—WAMAS®.

Traditional sales channels like retail and mail order businesses have now merged into one omni-channel model. The ability to meet these demands by accommodating different order types, respond quickly—even in peak times with both permanent goods and seasonal items for fast delivery—characterize the new world of the furniture business. These requirements have also changed the need for high-tech intralogistics. The new ultra-modern IKEA distribution center in Montreal meets these requirements and ensures the supply of current and future furniture stores along with an online business.

Optimum availability through automation
Twelve linear gantry robots supplied by RO-BER Industrieroboter GmbH, an SSI SCHAEFER Group company, ensure efficient provision of in-house loading aids and optimize the goods-in process. A 750 m floor conveyor system with 42 vehicles connects the goods-in stations to the high-bay warehouse all with a rack-supported design—the core of the logistics center. The new system offers 245,000 pallet storage locations supplied by 30 energy-efficient Exyz storage and retrieval machines for double-deep storage and retrieval operations. The HBW will supply IKEA stores with single-item and mixed pallet orders. The latter will utilize the SSI SCHAEFER ergonomics@work!® concept by implementing multi-order-picking workstations. This work area is connected to the high-bay warehouse by a second electronic monorail system and includes 35 vehicles on a 525 m track, which abides by the person-to-goods principle using Put to Light displays.

Thirty-six Navette multi-level shuttles and twenty-four lifts in the 18-aisle shuttle warehouse ensure optimum provision of items for e-commerce picking. The warehouse will utilize SSI SCHAEFER 800 x 400 mm large containers to occupy 12,000 bin storage locations, which has been designed according to the patented 3D-MATRIX Solution®. Picking is carried out in accordance with the goods-to-person principle using put walls with a Put to Light function.

The WAMAS® WCS software controls and optimizes all processes in the automated warehouse, ensures effective and coordinated processes, as well as timely processing of both store and online orders. Moreover, WAMAS connects to the IKEA warehouse management system with a standardized interface. The informative dashboard software, WAMAS® Lighthouse, visualizes warehouse processes and provides important key performance indicators of multiple systems in one dashboard.

"At IKEA, we always strive to be more accessible, affordable, and more sustainable for our customers. This requires innovative logistics with fulfilment activities in various shapes and formats, enabling IKEA to be a multichannel retailer," states Claudio Marconi, Head of Logistics Development of Inter IKEA Group.

Spring of 2020 dates the completion of the Montreal project. Due to the positive and collaborative cooperation, SSI SCHAEFER will implement two follow-up orders for IKEA in Torsvik (Sweden) and Lyssach (Switzerland).

About SSI Schaefer Systems International:
Schaefer Systems International, Inc. is a leading supplier of innovative automation systems, integrated warehouse management technology, and storage solutions for various industries. Schaefer Systems International, Inc. provides end-to-end solutions for distribution and warehouse operation facilities including picking solutions, vertical lift storage, automated guided vehicles, and warehouse management software. Schaefer Systems International, Inc. is part of the SSI SCHAEFER Group, a global leader in intralogistics and material handling solutions. Founded in 1937, SSI SCHAEFER is a privately owned family company, with 70 office locations, 10 manufacturing facilities, and over 10,000 associates worldwide. For more information, visit www.ssi-schaefer.com and www.wamas.com. 

Media Contact

Sharon Wahrmund
SSI Schaefer International
(704) 944-4500 xt. 5511
sharon.wahrmund@ssi-schaefer.com
www.ssi-schaefer.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2ac8e551-8085-4d14-8b86-0a88407543cc



CanWel Building Materials Announces Quarterly Dividend

VANCOUVER, British Columbia, June 15, 2018 (GLOBE NEWSWIRE) --

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

CanWel Building Materials Group Ltd. (“CanWel” or “the Company”) (TSX:CWX) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.14 per share, for the 25th consecutive quarter, which will be paid on July 13, 2018, to shareholders of record on June 29, 2018.  

About CanWel

Founded in 1989, CanWel is headquartered in Vancouver, British Columbia and trades on the Toronto Stock Exchange under the symbol CWX and is Canada’s only fully integrated national distributor in the building materials and related products sector. CanWel operates: multiple treating plant and planing facilities in Canada and the United States; distribution centres coast-to-coast in all major cities and strategic locations across Canada; in the United States near San Francisco and Los Angeles, California and in 14 locations in the State of Hawaii through its wholly owned Honsador Building Products Group. CanWel distributes a wide range of building materials, lumber, renovation and electrical products. In addition, through its CanWel Fibre division, CanWel operates a vertically integrated forest products company based in Western Canada, operating from British Columbia to Saskatchewan, also servicing the US Pacific Northwest. CanWel owns approximately 136,000 acres of private timberlands, strategic Crown licenses and tenures, log harvesting and trucking operations, several post and pole peeling facilities and two pressure-treated specialty wood production plants and a specialty saw mill.

For further information regarding CanWel please contact:

Ali Mahdavi
Investor Relations
416-962-3300
ali.mahdavi@canwel.com

Certain statements in this press release may constitute “forward-looking” statements. When used in this press release, such statements use words, including but not limited to, “may”, “will”, “would”, “should”, “expect”, “believe”, “plan”, “intend”, “anticipate”, “predict”, “remain”, “estimate”, “potential”, “continue”, “could”, “might”, “project”, “targeting’, "future" and other similar terminology or the negative or inverse of such words or terminology. These forward-looking statements reflect the current expectations of CanWel’s management regarding future events and operating performance, but involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CanWel, including the cash flow from operations, dividends or EBITDA(2) generated or paid by CanWel, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual events could differ materially from those projected herein and depend on a number of factors. These factors include (i) the risk that the integration of the acquisition of Honsador Acquisition Corp (“Honsador”), the assets of Total Forest Industries Ltd. (“TFI”) in quarter 3, 2016, Jemi Fibre Corp. (“Jemi”) in quarter 2, 2016, or the assets of California Cascade Industries (“CCI”) in quarter 3, 2015, (collectively the “Acquisition”) may result in significant challenges, and management of CanWel may be unable to accomplish the integration of the Acquisition smoothly or successfully or without spending significant amounts of time, money or other resources thereon; any inability of management to successfully integrate the operations of the combined business, including, but not limited to, information technology, financial reporting systems or environmental matters, any of which could have a material adverse effect on the business, financial condition and results of operations of CanWel; (ii) the risk that revenues, profits and margins of the Company may not remain consistent with historical levels, (iii) the risk that competing firms which manufacture or distribute competitive product lines will aggressively defend or seek market share, or that existing customers or suppliers of Honsador, TFI, Jemi or CCI(some of whom are competitors of CanWel) will cease doing business with the Company, in each case reducing, eliminating or reversing any potential positive economic impact on CanWel of the Acquisition; (iv) the risk that any increased sales, margin, profit or distributable cash resulting from the Acquisition may not be fully realized, realized at all or may take longer to realize than expected; (v) the risk of disruption from the integration of the Acquisition making it more difficult to maintain relationships with customers, employees or suppliers. Factors also include, but are not limited to, dependence on market and economic conditions, sales and margin risk, competition, information system risks, availability of supply of products, risks associated with the introduction of new product lines, product design risk, product liability risks, environmental risks, regulatory risk, trade and tariff risks, differing law or regulations across jurisdictions, volatility of commodity prices, inventory risks, resource industry risks, resource extraction risks, risks relating to remote operations, forestry management and silviculture risks, fire, flood and natural disaster risks, customer and vendor risks, contract performance risks, acquisition and integration risks, availability of credit, credit risks, performance bond risks, litigation risks and interest rate risks. A further description of these and other risks which could cause results to differ materially from those described in these forward-looking statements can be found in the periodic and other reports filed by CanWel with Canadian securities commissions and available on SEDAR (http://www.sedar.com). In addition, a number of material factors or assumptions were utilized or applied in making the forward-looking statements, and may include, but are not limited to, assumptions regarding the performance of the Canadian and US economies, the relative stability of or level of interest rates, exchange rates, volatility of commodity prices, availability or more limited availability of access to equity and debt capital markets to fund, at acceptable costs, the Company’s future growth plans, the implementation and success of the integration of the Acquisition, the ability of the Company to refinance its debts as they mature, the Canadian and United States housing and building materials markets; international trade and tariff risks, political risks, the amount of the Company’s cash flow from operations; tax laws; and the extent of the Company’s future acquisitions and capital spending requirements or planning as well as the general level of economic activity, in Canada and the US, and abroad, discretionary spending, and unemployment levels. There is a risk that some or all of these assumptions may prove to be incorrect. These and other factors could cause or contribute to actual results differing materially from those contemplated by forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information. There are numerous risks associated with an investment in the Company’s common shares, which are also further described in the “Risk Factors” sections of the Company’s annual information form dated March 29, 2018 as well as its other public filings on SEDAR. These forward-looking statements speak only as of the date of this press release. We caution that the foregoing factors that may affect future results are not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by applicable securities laws, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward looking information, whether as a result of new information, future developments or otherwise, except as required by applicable law.

  1. Please refer to our Q1 2018 MD&A and Financial Statements for further information. Our Q1 2018 Financial Statements filings are reported under International Financial Reporting Standards (“IFRS”).
     
  2. In the discussion, reference is made to EBITDA, which represents earnings from continuing operations before interest, including amortization of deferred financing costs, provision for income taxes, depreciation and amortization, asset impairment losses (if applicable) and share-based compensation. This is not a generally accepted earnings measure under IFRS and does not have a standardized meaning under IFRS, and therefore the measure as calculated by the Company may not be comparable to similarly-titled measures reported by other companies. EBITDA is presented as we believe it is a useful indicator of a Company’s ability to meet debt service and capital expenditure requirements and because we interpret trends in EBITDA as an indicator of relative operating performance. EBITDA should not be considered by an investor as an alternative to net earnings or cash flows as determined in accordance with IFRS. For a reconciliation of EBITDA to the most directly comparable measures calculated in accordance with IFRS refer to “Reconciliation of Net Earnings to Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) and Adjusted EBITDA”.
     
  3. In the discussion, reference is made to Adjusted EBITDA, which is EBITDA as defined above, before certain non-recurring or unusual items. This is not a generally accepted earnings measure under IFRS and does not have a standardized meaning under IFRS, The measure as calculated by the Company may not be comparable to similarly-titled measures reported by other companies. Adjusted EBITDA is presented as we believe it is a useful indicator of the Company’s ability to meet debt service and capital expenditure requirements from its regular business, before non-recurring items. Adjusted EBITDA should not be considered by an investor as an alternative to net earnings or cash flows as determined in accordance with IFRS. For a reconciliation from Adjusted EBITDA to the most directly comparable measures calculated in accordance with IFRS refer to “Reconciliation of Net Earnings to Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) and Adjusted EBITDA”.

Resolutions of Extraordinary General Meeting of Shareholders

The following resolutions have been adopted at the Extraordinary General Meeting of Shareholders of Panevezio statybos trestas AB held on 15 June 2018:

1. Removal from the office of the Board members of the Company.
To remove from the office all the Board members of Panevezio statybos trestas AB.

2. Election of the Board members of the Company.
To elect the following persons as the Board members of Panevezio statybos trestas AB for the term of office of 4 (four) years:
Audrius Balcetis,
Audrius Butkunas,
Vilius Grazys,
Justas Jasiunas,
Remigijus Juodvirsis.

3. Approval of the new revision of the Articles of Association of the Company.
Considering amendments of the Law of the Republic of Lithuania, which have and will come into effect after registration of the latest revision of the Articles of Association of the Company, to approve the new revision of the Articles of Association of the Company.
To authorise the CEO of the Company (with the right of re-authorisation) to sign the new revision of the Articles of Association of the Company.

For more information contact:
Dalius Gesevicius
Managing Director
Panevezio statybos trestas AB
Phone: (+370 45) 505 503

Attachment

Subscribe to Construction and Materials News

Real Estate News from Globe Newswire

VINCI : VINCI and Ares create Liva, a company specialising in worksite logistics

  LLO
 See infographic and PDF version in attached file.

Rueil Malmaison, 18 June 2018

VINCI and Ares create Liva, a company specialising in worksite logistics

Developed at the initiative of the Fondation VINCI pour la Cité[1], Liva is a back-to-work company providing logistics services for building sites.

Liva, a social enterprise, is a joint venture established by two founding shareholders: Ares (51%) and VINCI Construction France (49%). The company, under the executive management of Ares, will operate throughout France and for several customers, starting with worksites in the greater Paris region. Its aim is to meet the social integration requirements included in a large number of contracts and contribute to innovation in worksite logistics. Through Liva, VINCI Construction France and Ares hope to build bridges towards employment by proposing stable jobs and personalised support to people in difficulty. Drawing on their complementary areas of expertise, the two partners intend to professionalise worksite logistics jobs and innovate in that activity by creating a comprehensive solution based on digital technology and remote logistics management.

The company has three main goals:
- a social integration project: Liva will boost the social integration of people in difficulty by proposing stable jobs and personalised socio-professional support;
- a human resources project: build bridges towards employment. Liva will propose to some of its employees that they change career path and go into one of the Group's activities that are seeking to increase their workforce;
- a business activity project: to professionalise worksite logistics by drawing on the complementary areas of expertise the two partners in order to innovate by creating a comprehensive logistics solution, including a remote hub.

For the past several years, VINCI Construction France has awarded contracts to back-to-work group Ares for services associated with its major building sites in the greater Paris region - logistics management, traffic coordination, cleaning and waste management - as was the case, for example, for the redevelopment works on the Jussieu university campus and Fontenoy-Ségur complex. Ares is currently providing such services on the new Saint-Gobain HQ construction site.

Located in the Nanterre premises of VINCI Construction France, Liva will take on its first integration programme employee in July 2018.

The company's target is to hire 20 integration programme employees by the end of 2018, with a further 50 or so by the end of 2019. It will benefit from the support of the Hauts-de-Seine Regional Directorate for Enterprises, Competition Policy, Consumer Affairs, Labour and Employment.

About VINCI
VINCI is a global player in concessions and contracting, employing close to 195,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI's goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.
www.vinci.com

About Ares
Created in 1991, Ares (Association pour la Réinsertion Economique et Sociale) is a group of companies that serve as a "launch pad" for the social integration of the most marginalised people (young people without qualifications, people with disabilities, the long-term unemployed, etc.). Ares acts like a safe haven, somewhere people can put down their baggage, solve their problems and gradually prepare their professional and personal future. To that end, Ares runs an integration programme based on paid work, social and professional support, training and help to move into employment at the end of the programme. Ares comprises 12 social enterprises, each operating in a specific geographical area (Ile de France, Auvergne-Rhône-Alpes, Aquitaine) and focusing on four business activities: logistics, the circular economy, digital technology and environment-friendly transport. With an annual budget of €30 million, Ares supports almost 850 people a year over an average period of 11 months, with 66% of them leaving to take up a job or training programme.

PRESS CONTACTS

VINCI Press Relations
Communication Department
Tel: +33 (0)1 47 16 31 82
e-mail : media.relations@vinci.com

ARES
Fabien de Castilla
Deputy CEO
Tel: +33 (0)6 20 18 30 54
e-mail: fabien.decastilla@ares-association.fr




[1] Created in 2002, the Fondation VINCI pour la Cité supports projects that provide durable solutions to the problems of integrating people in difficulty. The Foundation fosters initiatives proposed in the vicinity of VINCI operations in France and the rest of Europe. It illustrates the Group's determination to be a long-term partner to the communities for which it builds and manages infrastructure.


Attachment

GCC Successfully Refinances Its Bank Debt

New unsecured credit agreement replaces all existing bank debt

Around US$ 10 million estimated annualized interest expense savings

CHIHUAHUA, Mexico, June 15, 2018 (GLOBE NEWSWIRE) -- Grupo Cementos de Chihuahua, S.A.B. de C.V., or GCC, (BMV:GCC*) announces the completion of a comprehensive new term loan agreement with its banks. The new agreement replaces all GCC’s existing bank debt, reduces interest expense, and improves terms and conditions. 

The new US$ $400 million loan has a term of 5 years, with a variable interest rate spread of 1.25% to 2.0% over Libor, based on GCC’s debt/EBITDA ratio. The initial margin will be 1.75%. In addition, the agreement includes an unsecured US$ 50 million revolving line of credit.

BBVA Bancomer S.A., Banco Nacional de México, S.A., JPMorgan Chase Bank, N.A., and The Bank of Nova Scotia are leading the financing.

The refinancing will result in an annualized reduction of interest expense of approximately US$ 10 million.

The revolving line of credit will be available to meet working capital requirements and for general corporate purposes, increasing GCC’s financial flexibility. 

Luis Carlos Arias, GCC’s Chief Financial Officer, said, “The new bank agreement is another ratification of the decisive steps GCC is taking to grow our business in the U.S. and Mexico and expand margins.  The bank refinancing and back-up revolving credit further strengthen GCC’s financial position and improve our financial flexibility.”

The bank refinancing follows the May 2018 upgrade by S&P of GCC’s debt rating to BB+ with a stable outlook and takes place less than one year after GCC refinanced its US$ 260 million senior notes, reducing the interest coupon by 287.5 basis points.

About GCC

GCC is a leading supplier of cement, concrete, aggregates, and construction‐related services in the United States and Mexico, with an annual cement production capacity of 5.1 million metric tons. Founded in 1941, the Company’s shares are listed on the Mexican Stock Exchange under the ticker symbol GCC.

Forward Looking Statements

This press release may contain forward-looking statements. All statements that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “intend,” “project” and similar expressions are generally intended to identify forward-looking statements. These statements are subject to risks and uncertainties including, among others, changes in macroeconomic, political, governmental or business conditions in the markets where GCC operates; changes in interest rates, inflation rates and currency exchange rates; performance of the construction industry; pricing, business strategy, and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from the beliefs, projections, and estimates described herein. GCC assumes no obligation to update the information contained in this press release.

For further information, contact:

GCC Investor Relations: 
Ricardo Martinez
+52 (614) 442 3176
+ 1 (303) 739 5943
rmartinezg@gcc.com
Daniel Wilson, Zemi Communications
+1 (212) 689 9560

dbmwilson@zemi.com

SSI SCHAEFER Implements High-Tech Distribution Center for IKEA

CHARLOTTE, N.C., June 15, 2018 (GLOBE NEWSWIRE) -- IKEA is breaking ground on a new distribution center in Montreal that will service both United States and Canada. The new center will support current IKEA retail formats but the new center will allow the furniture retailer to compete in e-commerce and smaller retail formats with faster service and greater storage capacity. IKEA selected SSI SCHAEFER for the implementation. Core elements include an automatic shuttle warehouse design that utilizes the SSI SCHAEFER 3D-MATRIX Solution®, a high-bay warehouse (HBW) with 245,000 pallet storage locations, ergonomic multi-order-picking workstations, and the warehouse control software—WAMAS®.

Traditional sales channels like retail and mail order businesses have now merged into one omni-channel model. The ability to meet these demands by accommodating different order types, respond quickly—even in peak times with both permanent goods and seasonal items for fast delivery—characterize the new world of the furniture business. These requirements have also changed the need for high-tech intralogistics. The new ultra-modern IKEA distribution center in Montreal meets these requirements and ensures the supply of current and future furniture stores along with an online business.

Optimum availability through automation
Twelve linear gantry robots supplied by RO-BER Industrieroboter GmbH, an SSI SCHAEFER Group company, ensure efficient provision of in-house loading aids and optimize the goods-in process. A 750 m floor conveyor system with 42 vehicles connects the goods-in stations to the high-bay warehouse all with a rack-supported design—the core of the logistics center. The new system offers 245,000 pallet storage locations supplied by 30 energy-efficient Exyz storage and retrieval machines for double-deep storage and retrieval operations. The HBW will supply IKEA stores with single-item and mixed pallet orders. The latter will utilize the SSI SCHAEFER ergonomics@work!® concept by implementing multi-order-picking workstations. This work area is connected to the high-bay warehouse by a second electronic monorail system and includes 35 vehicles on a 525 m track, which abides by the person-to-goods principle using Put to Light displays.

Thirty-six Navette multi-level shuttles and twenty-four lifts in the 18-aisle shuttle warehouse ensure optimum provision of items for e-commerce picking. The warehouse will utilize SSI SCHAEFER 800 x 400 mm large containers to occupy 12,000 bin storage locations, which has been designed according to the patented 3D-MATRIX Solution®. Picking is carried out in accordance with the goods-to-person principle using put walls with a Put to Light function.

The WAMAS® WCS software controls and optimizes all processes in the automated warehouse, ensures effective and coordinated processes, as well as timely processing of both store and online orders. Moreover, WAMAS connects to the IKEA warehouse management system with a standardized interface. The informative dashboard software, WAMAS® Lighthouse, visualizes warehouse processes and provides important key performance indicators of multiple systems in one dashboard.

"At IKEA, we always strive to be more accessible, affordable, and more sustainable for our customers. This requires innovative logistics with fulfilment activities in various shapes and formats, enabling IKEA to be a multichannel retailer," states Claudio Marconi, Head of Logistics Development of Inter IKEA Group.

Spring of 2020 dates the completion of the Montreal project. Due to the positive and collaborative cooperation, SSI SCHAEFER will implement two follow-up orders for IKEA in Torsvik (Sweden) and Lyssach (Switzerland).

About SSI Schaefer Systems International:
Schaefer Systems International, Inc. is a leading supplier of innovative automation systems, integrated warehouse management technology, and storage solutions for various industries. Schaefer Systems International, Inc. provides end-to-end solutions for distribution and warehouse operation facilities including picking solutions, vertical lift storage, automated guided vehicles, and warehouse management software. Schaefer Systems International, Inc. is part of the SSI SCHAEFER Group, a global leader in intralogistics and material handling solutions. Founded in 1937, SSI SCHAEFER is a privately owned family company, with 70 office locations, 10 manufacturing facilities, and over 10,000 associates worldwide. For more information, visit www.ssi-schaefer.com and www.wamas.com. 

Media Contact

Sharon Wahrmund
SSI Schaefer International
(704) 944-4500 xt. 5511
sharon.wahrmund@ssi-schaefer.com
www.ssi-schaefer.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2ac8e551-8085-4d14-8b86-0a88407543cc



CanWel Building Materials Announces Quarterly Dividend

VANCOUVER, British Columbia, June 15, 2018 (GLOBE NEWSWIRE) --

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

CanWel Building Materials Group Ltd. (“CanWel” or “the Company”) (TSX:CWX) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.14 per share, for the 25th consecutive quarter, which will be paid on July 13, 2018, to shareholders of record on June 29, 2018.  

About CanWel

Founded in 1989, CanWel is headquartered in Vancouver, British Columbia and trades on the Toronto Stock Exchange under the symbol CWX and is Canada’s only fully integrated national distributor in the building materials and related products sector. CanWel operates: multiple treating plant and planing facilities in Canada and the United States; distribution centres coast-to-coast in all major cities and strategic locations across Canada; in the United States near San Francisco and Los Angeles, California and in 14 locations in the State of Hawaii through its wholly owned Honsador Building Products Group. CanWel distributes a wide range of building materials, lumber, renovation and electrical products. In addition, through its CanWel Fibre division, CanWel operates a vertically integrated forest products company based in Western Canada, operating from British Columbia to Saskatchewan, also servicing the US Pacific Northwest. CanWel owns approximately 136,000 acres of private timberlands, strategic Crown licenses and tenures, log harvesting and trucking operations, several post and pole peeling facilities and two pressure-treated specialty wood production plants and a specialty saw mill.

For further information regarding CanWel please contact:

Ali Mahdavi
Investor Relations
416-962-3300
ali.mahdavi@canwel.com

Certain statements in this press release may constitute “forward-looking” statements. When used in this press release, such statements use words, including but not limited to, “may”, “will”, “would”, “should”, “expect”, “believe”, “plan”, “intend”, “anticipate”, “predict”, “remain”, “estimate”, “potential”, “continue”, “could”, “might”, “project”, “targeting’, "future" and other similar terminology or the negative or inverse of such words or terminology. These forward-looking statements reflect the current expectations of CanWel’s management regarding future events and operating performance, but involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CanWel, including the cash flow from operations, dividends or EBITDA(2) generated or paid by CanWel, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual events could differ materially from those projected herein and depend on a number of factors. These factors include (i) the risk that the integration of the acquisition of Honsador Acquisition Corp (“Honsador”), the assets of Total Forest Industries Ltd. (“TFI”) in quarter 3, 2016, Jemi Fibre Corp. (“Jemi”) in quarter 2, 2016, or the assets of California Cascade Industries (“CCI”) in quarter 3, 2015, (collectively the “Acquisition”) may result in significant challenges, and management of CanWel may be unable to accomplish the integration of the Acquisition smoothly or successfully or without spending significant amounts of time, money or other resources thereon; any inability of management to successfully integrate the operations of the combined business, including, but not limited to, information technology, financial reporting systems or environmental matters, any of which could have a material adverse effect on the business, financial condition and results of operations of CanWel; (ii) the risk that revenues, profits and margins of the Company may not remain consistent with historical levels, (iii) the risk that competing firms which manufacture or distribute competitive product lines will aggressively defend or seek market share, or that existing customers or suppliers of Honsador, TFI, Jemi or CCI(some of whom are competitors of CanWel) will cease doing business with the Company, in each case reducing, eliminating or reversing any potential positive economic impact on CanWel of the Acquisition; (iv) the risk that any increased sales, margin, profit or distributable cash resulting from the Acquisition may not be fully realized, realized at all or may take longer to realize than expected; (v) the risk of disruption from the integration of the Acquisition making it more difficult to maintain relationships with customers, employees or suppliers. Factors also include, but are not limited to, dependence on market and economic conditions, sales and margin risk, competition, information system risks, availability of supply of products, risks associated with the introduction of new product lines, product design risk, product liability risks, environmental risks, regulatory risk, trade and tariff risks, differing law or regulations across jurisdictions, volatility of commodity prices, inventory risks, resource industry risks, resource extraction risks, risks relating to remote operations, forestry management and silviculture risks, fire, flood and natural disaster risks, customer and vendor risks, contract performance risks, acquisition and integration risks, availability of credit, credit risks, performance bond risks, litigation risks and interest rate risks. A further description of these and other risks which could cause results to differ materially from those described in these forward-looking statements can be found in the periodic and other reports filed by CanWel with Canadian securities commissions and available on SEDAR (http://www.sedar.com). In addition, a number of material factors or assumptions were utilized or applied in making the forward-looking statements, and may include, but are not limited to, assumptions regarding the performance of the Canadian and US economies, the relative stability of or level of interest rates, exchange rates, volatility of commodity prices, availability or more limited availability of access to equity and debt capital markets to fund, at acceptable costs, the Company’s future growth plans, the implementation and success of the integration of the Acquisition, the ability of the Company to refinance its debts as they mature, the Canadian and United States housing and building materials markets; international trade and tariff risks, political risks, the amount of the Company’s cash flow from operations; tax laws; and the extent of the Company’s future acquisitions and capital spending requirements or planning as well as the general level of economic activity, in Canada and the US, and abroad, discretionary spending, and unemployment levels. There is a risk that some or all of these assumptions may prove to be incorrect. These and other factors could cause or contribute to actual results differing materially from those contemplated by forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information. There are numerous risks associated with an investment in the Company’s common shares, which are also further described in the “Risk Factors” sections of the Company’s annual information form dated March 29, 2018 as well as its other public filings on SEDAR. These forward-looking statements speak only as of the date of this press release. We caution that the foregoing factors that may affect future results are not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by applicable securities laws, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward looking information, whether as a result of new information, future developments or otherwise, except as required by applicable law.

  1. Please refer to our Q1 2018 MD&A and Financial Statements for further information. Our Q1 2018 Financial Statements filings are reported under International Financial Reporting Standards (“IFRS”).
     
  2. In the discussion, reference is made to EBITDA, which represents earnings from continuing operations before interest, including amortization of deferred financing costs, provision for income taxes, depreciation and amortization, asset impairment losses (if applicable) and share-based compensation. This is not a generally accepted earnings measure under IFRS and does not have a standardized meaning under IFRS, and therefore the measure as calculated by the Company may not be comparable to similarly-titled measures reported by other companies. EBITDA is presented as we believe it is a useful indicator of a Company’s ability to meet debt service and capital expenditure requirements and because we interpret trends in EBITDA as an indicator of relative operating performance. EBITDA should not be considered by an investor as an alternative to net earnings or cash flows as determined in accordance with IFRS. For a reconciliation of EBITDA to the most directly comparable measures calculated in accordance with IFRS refer to “Reconciliation of Net Earnings to Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) and Adjusted EBITDA”.
     
  3. In the discussion, reference is made to Adjusted EBITDA, which is EBITDA as defined above, before certain non-recurring or unusual items. This is not a generally accepted earnings measure under IFRS and does not have a standardized meaning under IFRS, The measure as calculated by the Company may not be comparable to similarly-titled measures reported by other companies. Adjusted EBITDA is presented as we believe it is a useful indicator of the Company’s ability to meet debt service and capital expenditure requirements from its regular business, before non-recurring items. Adjusted EBITDA should not be considered by an investor as an alternative to net earnings or cash flows as determined in accordance with IFRS. For a reconciliation from Adjusted EBITDA to the most directly comparable measures calculated in accordance with IFRS refer to “Reconciliation of Net Earnings to Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) and Adjusted EBITDA”.

Resolutions of Extraordinary General Meeting of Shareholders

The following resolutions have been adopted at the Extraordinary General Meeting of Shareholders of Panevezio statybos trestas AB held on 15 June 2018:

1. Removal from the office of the Board members of the Company.
To remove from the office all the Board members of Panevezio statybos trestas AB.

2. Election of the Board members of the Company.
To elect the following persons as the Board members of Panevezio statybos trestas AB for the term of office of 4 (four) years:
Audrius Balcetis,
Audrius Butkunas,
Vilius Grazys,
Justas Jasiunas,
Remigijus Juodvirsis.

3. Approval of the new revision of the Articles of Association of the Company.
Considering amendments of the Law of the Republic of Lithuania, which have and will come into effect after registration of the latest revision of the Articles of Association of the Company, to approve the new revision of the Articles of Association of the Company.
To authorise the CEO of the Company (with the right of re-authorisation) to sign the new revision of the Articles of Association of the Company.

For more information contact:
Dalius Gesevicius
Managing Director
Panevezio statybos trestas AB
Phone: (+370 45) 505 503

Attachment

Subscribe to Real Estate News

Homebuilder Stocks Directory Preview

ABB Ltd. ( NYSE:ABB ), ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in some 100 countries and employs approximately 120,000 people. In Canada ( www.abb.ca ), ABB employs over 2,000 people in 26 locations from coast to coast.

Abbey plc ( LSE:ABBY.L ) main activities are residential housing developments in the UK, Ireland and Prague.

Acciona SA ( OTC:ACXIF ; MCE:ANA.MC ) is one of the foremost Spanish business corporations, leader in the development and management of infrastructure, renewable energy, water and services. ACCIONA Construction is at the forefront in R&D+ and one of the leading construction companies in the world, using the latest techniques to carry out projects. ACCIONA Construction covers the whole range of construction , from engineering to the performance of works and their later maintenance, and also the management of public works concessions, particularly in the field of transport and social infrastructures.

Acuity Brands, Inc., ( NYSE:AYI ) is a North American market leader and one of the world`s leading providers of luminaires, lighting control systems and related products and services with fiscal year 2010 net sales of over $1.6 billion. The Company`s lighting and system control product lines include Lithonia Lighting®, Holophane®, Peerless®, Mark Architectural Lighting(TM), Hydrel®, American Electric Lighting®, Gotham®, Carandini®, RELOC®, Antique Street Lamps(TM), Tersen®, Winona® Lighting, Syner­gy® Lighting Controls, Sensor Switch®, Lighting Control & Design(TM), Dark to Light®, ROAM®, Sunoptics®,  acculampTM) and Healthcare Lighting®. Headquartered in Atlanta, Georgia, Acuity Brands employs ap­proximately 6,000 associates and has operations throughout North America, Europe and Asia.

AECOM Technology Corporation ( NYSE:ACM ) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.1 billion during its fiscal year 2009.

Aecon Group Inc. ( TSX:ARE.TO ) As the largest publicly traded construction and infrastructure development company in Canada, our expertise covers the full range of services, including design and construction, financing, operating, procurement and project management.

Aerofoam Metals Inc. ( OTCPK:AFML ) under the brand Aerometal, manufactures foamed aluminum products for applications in automotive, defense, and aerospace industries.

Alumasc Group plc ( LSE:ALU.L ) is a UK based supplier of premium building and precision engineering products. The majority of the group's business is in the area of sustainable building products which enable customers to manage energy and water use in the built environment. We believe that growth rates in these sectors, through the construction cycle, will exceed UK industry averages.

AMCOL International Corporation ( NYSE:ACO ) produces and markets a wide range of specialty minerals and materials used for industrial, environmental and consumer-related applications. AMCOL operates four primary segments: Minerals & Materials, Environmental, Oilfield Services and Transportation, providing a diverse range of products and services. Major markets served include metalcasting, detergents, pet products, building materials and personal care.

See the full stock directory here

Sponsored Content

Investing in the Modern Age

April 6, 2018 (Investorideas.com Newswire) A while back if you asked people about investing, it was assumed you were into property or stocks/bonds.

How to Create a Great Advertisement For Renting a Property

March 23, 2018 (Investorideas.com Newswire) As a landlord looking to rent a property, you'll be competing with hundreds of rental properties simultaneously.

Are Your Own Personal Bills Adding Up but Your New Business Isn't Cash Positive Yet - How to Access Cash

February 20, 2018 (Investorideas.com Newswire) Most entrepreneurs are well aware of the fact that it takes a while for their new business venture to become cash positive.

Protecting yourself and your ideas with insurance

November 7, 2017 (Investorideas.com Newswire) No matter what you end up doing, there's always a need to manage your finances, and that means making sure that you won't have to deal with massive losses in the case of something unexpected happening.

What Is Invoice Factoring And How Can You Benefit?

August 31, 2017 (Investorideas.com Newswire) Your business depends on the quick turnaround of funds from customers in order maintain its growth.

Top Tips for Choosing Your Investments

August 24, 2017 (Investorideas.com Newswire) Choosing where and how to invest your money can be a difficult, complicated choice, especially with the fluctuation in the markets today.

Sleeper Markets: Trucking And Shipping

July 14, 2017 (Investorideas.com Newswire) The trucking business is alive and well. Although many businesses have automated many of their business processes and conduct most of their business online, there is still a need for trucking and there will be for the foreseeable future.

Tips For First Time Borrowers

May 18, 2017 (Investorideas.com Newswire) Borrowing money can be scary, but when it comes to your first time securing a loan it can feel like you're about to jump out of an airplane without a parachute.

5 Items People Use for Aesthetics and Long-Term Investments

February 27, 2017 (Investorideas.com Newswire) It's rare in life for a person's passion to become an investment rather than a product of discretionary spending. It's even more rare when that passionate investment doubles as a fascinating talking point within your home décor.


Homebuilder Stocks Indices and ETF's