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Saint-Gobain acquires Canadian concrete pigment manufacturer Interstar
Saint-Gobain acquires Canadian concrete pigment manufacturer Interstar

Saint-Gobain Group has acquired Interstar Materials Inc., a Canadian manufacturer of concrete pigments, to expand its construction chemicals sector in North America. This acquisition will add over $20 million annually to Saint-Gobain's revenues and integrate Interstar's 55 employees into its operations, maintaining the Interstar brand in Canada and the US. The acquisition aligns with Saint-Gobain’s commitment to innovation and sustainable construction. Interstar will continue its operations from its facilities in Sherbrooke, Calgary, and Junction City.

Building construction prices on the rise
Building construction prices on the rise

Building construction costs in Canada are rising, with residential costs up 1% and non-residential costs up 1.6% in the second quarter of 2025. This increase is partly attributed to American and Canadian tariffs, which have affected material prices and availability. Skilled labor shortages are another contributing factor, leading to higher labor rates and project delays. Quebec saw the highest rise in construction costs, driven by wage increases.

Quebec wind energy project closes financing
Quebec wind energy project closes financing

Invenergy and the Alliance de l’énergie de l’Est have secured $1.1 billion in financing for the Pohénégamook-Picard-Saint-Antonin-Wolastokuk 1 Wind Energy Centre in Quebec. The project, managed by a partnership between Gilbert Group and CRT Construction, will include the development of infrastructure to support new wind turbines and create 350 jobs. The project is expected to start operations in late 2026 and add 350 MW of energy to the local grid. Financing involves participation from Canadian and international financial institutions, emphasizing the project's alignment with clean energy development.

Virtual construction trainer growing through acquisition
Virtual construction trainer growing through acquisition

CM Labs Simulations, a Montreal-based company specializing in simulation-based training for construction and other sectors, has acquired AI Redefined (AIR) to strengthen its capabilities in real-time human-AI collaboration. This acquisition aligns with CM Labs' mission to enhance workforce development and its Vortex platform. The integration of AIR's AI technology will help CM Labs create adaptive, immersive learning environments. This move reflects CM Labs' commitment to transforming industry training through intelligent systems.

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