The Australian parent company of Georgia-based Boral North America has begun a review of Boral Resources to explore “value creation opportunities.” With 120-plus fly ash collection, processing or distribution sites across the U.S., the business accounted for about $470 million of Boral North America’s $1.56 billion in FY2020 sales.
“We have conducted a detailed study of the U.S. fly ash industry and remain confident in the long term demand dynamics, including significant incremental growth potential from the government’s proposed new infrastructure program,” says Boral Ltd. CEO Zlatko Todorcevski. “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 U.S. 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.”