Boral CEO Zlatko Todorcevski says: “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,” Todorcevski continues.
“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.”
Boral has appointed advisers to support this assessment and will provide an update at its full year results announcement in August, or earlier if appropriate.
Earlier this year, Boral confirmed plans to sell the North America-based Meridian Brick business to Wienerberger for $250 million.