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Boral was founded by David Craig on 4 March 1946 as Bitumen and Oil Refineries (Australia) Limited with Caltex having a 40% shareholding. In March 1947, it opened Matraville Refinery, Australia's first bitumen and oil refinery. [1]
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Bitumen and Oil Refineries (Australia) Limited (later named by the acronym Boral) commenced construction of Australia's first bitumen and oil refinery in Matraville in March 1947. [1] The company was 40% owned by Caltex which supplied the crude oil to be refined. Most of the early employees were discharged from the Royal Australian Navy. [2]
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Headwaters Inc provides products, technologies, and services to construction materials, coal combustion products, and alternative energy industries in the United States.. In 2016 it was announced that Headwaters Inc would be purchased by Sydney based Boral, another top producer of concrete and fly ash.