Building materials giant mulls large-scale integration

China National Building Materials Group Corp, one of the largest State-owned building materials manufacturers, is in talks to integrate some of its 15 subsidiaries listed both at home and abroad, local media reported.

The move by the giant State enterprise is to help boost the profitability of its core business. It followed the announcement in September of a merger between CNBM Group and China National Materials Group Corp, another State-owned building materials giant.

"After much careful thought, we are conducting thorough discussions and research on the integration plan," a source at CNBM Group was quoted as saying by The Economic Observer.