Cement News tagged under: Boral

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WBA claims few science-based biodiversity assessments are carried out

06 December 2022, Published under Cement News

The 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 soar

20 June 2022, Published under Cement News

Boral 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 CEO

09 June 2022, Published under Cement News

Boral 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 project

17 May 2022, Published under Cement News

Boral 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$755m

06 December 2021, Published under Cement News

Boral 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...

Boral to shift electricity supply to green renewables by 2025

08 September 2021, Published under Cement News

Boral is targeting 100 per cent renewable and hydrocarbon energy supply by 2025 as part of its net-zero emissions by 2050 commitment. The company is ‘exploring all options’ it said to Renew Economy which will cover Boral's energy needs outside of its Berrima kiln, which is set on a separate decarbonisation pathway. CO 2 emissions at the company's Berrima plant will focus on alternative fuels and improving energy efficiency upgrades as well as new and emerging technologies. Boral CEO, Zla...

Boral returns to profit in the FY21

24 August 2021, Published under Cement News

Australia’s Boral has reported a net profit of AUD640m (US$462.87m) for the full year ended 30 June 2021, compared to a loss of AUD1.145bn in the previous fiscal year. EBIT also advanced 37 per cent to AUD445m. However, sales revenue from continuing operations was down six per cent YoY to AUD2924m, as a result of lower volumes and softer prices, according to a media release. "Our full year FY2021 results reflect the mixed market conditions we are continuing to experience in Australia duri...

Boral appoints new CEO/MD

15 June 2020, Published under Cement News

Australia-based Boral Ltd has appointed Zlatko Todorcevski as its new CEO and managing director, effective 1 July 2020. He succeeds Mike Kane, who will retire from Boral in September 2020. Mr Todorcevski has 30 years of experience in Australia and internationally in steel building products, oil and gas, and logistics, working in finance, business planning and strategy roles, including as chief financial officer of Brambles Ltd from 2012 to 2016 and Oil Search from 2009 to 2012. This foll...

Boral wins Wagners supply case

04 June 2020, Published under Cement News

Wagners will make less money from selling cement to Boral, its biggest customer, in future after a court ruled the Queensland construction group must match lower prices of rivals. Justice Bond at the Queensland Supreme Court found that the notice sent by Boral to Wagners that it could buy cement cheaper from Cement Australia was "a valid and effcitive notice." After Boral bought the Queensland group's construction materials business in 2011, it signed a "take or pay" that required it to k...

Boral announces new measures to control inventory levels

18 May 2020, Published under Cement News

The chief executive of Australia’s Boral Ltd, Mike Kane, has commented on the reduction of new orders in the Australian and US construction industries, and also announced new measures to stop the build-up of inventory levels in this environment. The company will now close its Berrima cement kiln in New South Wales (NSW) for three weeks in June, as Mr Kane noted it was not possible to run a kiln at partial strength. "You need to turn the kiln on or off,'' he said. The company is now exp...