Boral exploring all options for US fly ash business
Friday, April 16, 2021 - 14:38
Company considering value-creating opportunities ranging from strategic alliance to divestment or continued ownership
BORAL Ltd announced today that as part of the review of their North American fly ash business, they intend to explore value-creation opportunities through a potential joint venture, strategic alliance, divestment to a third party or continued ownership.
The Sydney-based international building products and construction materials group has appointed advisors to support this value assessment and says it will provide an update to the market at its full-year results announcement in August, or earlier if appropriate.
Boral’s chief executive officer and managing director, Zlatko Todorcevski (pictured), said: ‘We have conducted a detailed study of the US fly ash industry and remain confident in the long-term demand dynamics for the industry, including significant incremental demand growth potential from the US Government’s proposed new infrastructure programme.
‘New opportunities for supply exist from harvesting landfills, imports and natural pozzolans, which we expect will more than offset the decline in fresh fly ash supply as the US transitions away from coal-fired power generation.
‘As we continue to build our alternative supply strategy, strategic alliances and opportunities for partnership will be considered in parallel with divestment options or continued ownership.’