Boral has acquired Culcairn Quarry. Image: Boral
Boral has confirmed its acquisition of Culcairn Quarry as it aims to build a “long-term position” in the region.
Located north of Albury-Wodonga, the 110-hectare operation employs around 14 people and was previously operated by Boral for more than 25 years under a lease arrangement.
The company expects the resources at the Culcairn Quarry to help secure its downstream concrete and asphalt operations for more than 20 years.
“Boral is committed to strengthening our positioning in both upstream and downstream assets to better support our customers as part of our Good to Great strategy,” Vik Bansal, managing director and chief executive officer of Boral, said.
“We have operated the quarry for over 25 years under a lease arrangement, so when the opportunity arose to acquire the quarry land, it made sense.”
Culcairn Quarry is in New South Wales. Image: Boral
The Albury-Wodonga region and nearby Wagga Wagga region have a pipeline of future projects including large renewable energy projects which require significant quantities of quarry materials. With this in mind, Boral believes that the “strategic acquisition” will help position it to provide for customers in both regions and surrounds.
“Albury-Wodonga has a healthy pipeline of projects, and is naturally, a key region for Boral. This acquisition enables us to extend our high-quality reserves and continue supporting the community and supplying to local infrastructure projects,” Bansal said.
“We are excited to maintain our operations in the area, and thank our employees, contractors and suppliers for contributing to the success of the quarry.”
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