Cement News tagged under: Boral
Boral to acquire Booyal Quarries08 April 2024, Published under Cement NewsBoral Ltd has agreed to acquire Booyal Quarries in the Wide Bay region in Queensland, Australia. The strategic acquisition will secure the supply of quarry materials to Boral customers and the company's integrated operations in Wide Bay. The Wide Bay region is a high-growth market underpinned by various large-scale infrastructure projects. "Booyal Quarries’ is a high-quality business with significant approved quarry reserves" claims Boral. It will secure a 20-year supply to Boral's integr... |
Boral rejects Seven Group offer20 March 2024, Published under Cement NewsBoral Ltd has rejected an offer from Seven Group Holdings (SGH) saying it is “not fair and not reasonable.” Independent expert firm Grant Samuel & Associates assessed the fair market value of Boral shares to be in the range of AUD6.50-7.13/share, concluding that the offer from SGH of AUD5.96-6.19/share was below this range. SGH currently holds a 72 per cent stake in Boral. The offer, which totalled AUD 1.9bn (US$1.25bn) was for the remaining shares in the company. Commenting on the of... |
Boral launches Circular Materials Solution13 December 2023, Published under Cement NewsBoral has introduced its end-to-end Circular Materials Solution (CMS), a system designed to manage demolition and excavation waste materials for remanufacturing, returning them as recycled building products for more sustainable commercial outcomes. Andre Gobert, general manager and director for recycling at Boral, said the CMS system is designed to manage demolition and excavation waste materials for remanufacturing, returning them as recycled building products for more sustainable com... |
Boral reports 17% YoY jump in revenue in FY2314 August 2023, Published under Cement NewsAustralia-based Boral has reported a 17 per cent YoY increase in revenue to AUD3460.6m (US$2267m) in the fiscal year ended 30 June 2023 (FY23). EBITDA over the same period advanced 38 per cent to AUD454.4m, while the EBITDA margin improved 196bps to 13.1 per cent. Boral’s underlying net profit after tax came in at AUD142.7m, up 304.2 per cent YoY, with adjusted earnings per share of 12.9c, a YoY increase of 303.1 per cent. According to the company, the growth in revenue was driven by... |
Boral reports 12% advance in revenue10 February 2023, Published under Cement NewsBoral has reported revenue of AUD1681.1m (US$1172.8m) in the six months ended 31 December 2022, marking a 12 per cent increase YoY. According to the company, this has been driven by higher volumes and prices. EBIT over the same period advanced by 15 per cent to AUD95.3m, while the EBIT margin was up 20bps to 5.7 per cent. Underlying net profit after tax (NPAT) grew by 53 per cent YoY to AUD56.8m, with adjusted earnings per share (EPS) coming in at 5.1 cents , up 50 per cent on the sam... |
WBA claims few science-based biodiversity assessments are carried out06 December 2022, Published under Cement NewsThe World Benchmarking Alliance’s (WBA) new Nature Benchmark has analysed around 400 companies on their operations impact on nature and biodiversity, including many from the construction and mining sector. The top 10 construction material companies have been ranked 1-10 for their reduced impact on nature and biodiversity: 1. Holcim , 2. CEMEX , 3. Siam Cement Group , 4. Owens Corning, 5. CRH , 6. Cementos Argos , 7. Heidelberg Materials , 8. Saint-Gobain , 9. Asia Cement Corp ,... |
Boral cuts back operations as energy prices soar20 June 2022, Published under Cement NewsBoral Ltd has cut back its operations due to a surge in energy prices in Australia, according to Reuters. The company has reportedly not only curtailed some areas of its production but has also been forced to pass the change in energy prices onto its customers. It is also in the process of reviewing its overheads to help offset the “inflationary challenges” the company told Reuters. Although Boral acknowledged efforts made by the Australian energy market operator to cap wholesale power pri... |
Boral announces new CEO09 June 2022, Published under Cement NewsBoral has named Vik Bansal as its new chief executive officer (CEO) effective from December 2022. Mr Bansal, who is currently CEO of InfraBuild, will succeed Zlatko Todorcevski, who will remain in the role of CEO at Boral until the handover to Mr Bansal is completed. Mr Bansal also previously held the position of chief executive of Cleanaway Waste Management Ltd, according to Dow Jones Newswire. “I am excited to be part of Boral’s next phase of creating value for all its stakeholders th... |
Boral and Calix join forces on carbon capture project17 May 2022, Published under Cement NewsBoral is partnering with Calix on a new carbon capture project designed to capture up to 100,000tpa of carbon emissions from Boral’s Southern Highlands plant in New South Wales, Australia. Backed by AUD30m (US$21.1m) in funding from the federal government’s carbon capture and technologies hub, Calix’s low emissions intensity lime and cement (LEILAC) technology will be installed at the plant. According to a report in The Australian, the initial feasibility study stage of the project will... |
Boral sells US fly ash business for US$755m06 December 2021, Published under Cement NewsBoral has called time in the US after more than 40 years with the sale of its fly ash business to Eco Material Technologies for US$755m, as it focuses on its construction materials business back in Australia. Chief executive Zlatko Todorcevski says the group’s ongoing divestment programme has now “unlocked substantial value”. “Together with the sale of the North American Building Products business and our stake in Meridian Brick … we will have divested the North American busines... |