CSR announces $150 million share buyback

Building products maker CSR has announced a $150 million buyback to run until March 31, 2018.

Building products maker CSR has announced a $150 million buyback to run until March 31, 2018. (AAP)

CSR has announced a $150 million buyback to run over the next two years.

The building products maker says the buyback will run from March 21, 2016, until March 31, 2018.

"The hard work over the past few years ... has positioned us well, with a strong balance sheet and operating cash flows that will allow us to undertake capital management initiatives to improve shareholder returns," managing director Rob Sindel said in a statement on Friday.

Shares in CSR, which in November said it had lifted first half net profit 13 per cent to $77.6 million, were valued at $2.93 before the market opened on Friday.