Sydney-based Boral fly ash unit's sale gains traction

02 Aug 2021 CW Team

Australian construction material firm Boral Limited's sale of fly ash units, is attracting interest from companies including Holcim Limited and Waste Management Income.

Germany's HeidelbergCement AG is also studying a potential purchase of North America's business, worth $1 billion, sources said.

Sources said that the sale of the units has also attracted private equity firms. Deliberations are in the process, and there is no assurance that the firms will proceed with formal offers.

Boral announced that April's sale of fly ash would reduce the capital debt and return the money to the shareholders. The company agreed to sell its North American building materials business in June to Westlake Chemical Corporation for nearly $2.15 billion. It is looking to unwind its US business from the 2017 acquisition of Headwaters Inc at an enterprise value of $2.6 billion.

Fly ash is a residue made from burned pulverised coal used in concrete, grouts, and structural fillers. It is a recyclable material and companies such as Holcim Ltd and Waste Management Inc see it as a way to create a more sustainable construction sector.

According to data, the sale of fly ash comes in the middle of the building products deal with a transaction value of $57 billion, announced this year. It is an increase of over 400% in the same period in 2020.

In July, as per the sources, Spectrum Brands Inc is exploring options for its hardware and home improvement sector. Earlier in the last week, AEA Investors and British Columbia Investment Management Corporation agreed to the sale of Springs Window Fashions, a manufacturer of customised window coverings.

Image Source

Also read: Mangaluru civic body asks waste generators to build treatment units

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..