Independent directors of building products group Boral have delivered a rare rejection of a takeover by a predator, recommending against the takeover of the company by Seven Group Holdings. While directors frequently wave through takeovers that deliver immediate profits to shareholders, the Boral Bid Response Committee (BRC) has recommended rejecting the bid from Kerry Stokes-owned…
Seven Group Holdings (SGH) has made a $1.2 billion offer to move to full ownership of building products group Boral, adding to the Perth company’s diverse group of media and industrial companies. SGH currently holds 71.6 percent of Boral, with the offer pitched at 0.1116 SGH shares and $1.50 cash per Boral share – an…
Building materials suppliers James Hardie Industries and Boral have both reported bumper results this week, including volume and margin growth, as companies learned to live with uncertain economic times. Hardies, listed in Australia and New York but with executives based in Chicago, Illinois, reported first quarter FY24 results including record global earnings before interest and…
Building products group Boral is close to the culmination of a major effort at the site of the new Western Sydney International Airport (WSI) now under construction. According to the company it ‘is in the thick of assembling (the) mobile asphalt plant’ which will be responsible for the airside surfaces at the airport at the…
Building and construction products manufacturer Boral has taken part in the largest crumbed rubber asphalt demonstration project in Australia, providing 2,000 tonnes of pavement material in addition to 1,200 tonnes of controlled asphalt mix to be paved across eight local Sydney council streets. Comprising recycled rubber from end-of-life car and truck tyres, crumbed rubber asphalt…
Building products group Boral has reported improved revenue and profit in the six months ended 31 December 2022 with its upwards pricing decisions taking hold, but the board again did not declare a dividend. In this the first year under new CEO Vik Bansal, the company reported an underlying net profit after tax (NPAT) of…
Building products group Boral has made available to builders cement made with its proprietary ZEP technology, which offers lower carbon concrete with good-early age strength, lower drying shrinkage properties, less prone to cracking, and superior durability. The company took to social media and said: “As most of you will know, to reduce the embodied carbon…
Low emission industrial technology company Calix has moved to raise $80 million from investors to fund its share of planned low emission processing plants being constructed with Australian building products companies Boral and Adbri. The plants, which will utilise Calix’s new kiln technology enabling the capture of CO2 in the manufacture of cement and lime,…
The FY22 yearly results for building products group Boral make clear the massive size of the haircut the company suffered through its fumbled foray into the United States market. The company reported total revenue in FY22 was 26.9 percent below the previous financial year’s $5.3 billion at $3.908 billion. It included revenues from now discontinued…
The federal government has awarded a project between Boral and Calix a $30 million grant to install a commercial-scale plant in NSW’s Southern Highlands, able to capture 100 kilo-tonnes per annum in emissions from lime manufacture.
