Welcome to our dedicated page for CVIA news (Ticker: CVIA), a resource for investors and traders seeking the latest updates and insights on CVIA stock.
Covia Holdings Corp (CVIA) delivers mineral solutions for energy and industrial markets through its specialized Energy and Industrial segments. This page provides authorized updates on corporate developments, financial performance, and operational milestones.
Investors and industry professionals will find a comprehensive repository of press releases covering earnings announcements, product innovations, strategic partnerships, and market expansions. Our curation focuses on verified updates about CVIA's dual offerings: energy sector materials like frac sand/proppants, and industrial solutions for construction, glass, and metals manufacturing.
Key updates include operational advancements in raw material processing, custom-blended product launches, and sustainability initiatives across both business segments. Bookmark this page for direct access to primary source materials that impact CVIA's position in the mineral solutions sector.
On June 27, 2024, Covia released its 2023 ESG Report, featuring a detailed materiality assessment to update its priority topics from 2021. The assessment was aimed at understanding evolving stakeholder priorities and aligning with broader ESG trends. Covia engaged a diverse group of stakeholders, including Board Members, Team Members, customers, and government officials, to gather comprehensive feedback. The assessment identified 11 priority topics, segmented into highest, high, and priority categories. Highest priorities include Energy Efficiency and Emissions, Safety, Health, and Security, Ethics, Compliance and Transparency, and Land Management and Biodiversity. High priorities are Water Stewardship, Community Impact and Philanthropy, Talent Acquisition and Team Member Experience, and Responsible Operations. Priority topics cover Cybersecurity and Data Privacy, Product and Process Innovation, and Corporate Governance. Further details can be found in the full ESG Report on Covia’s website.
Covia's Cleburne, Texas plant has been recognized for its outstanding safety practices and contribution to environmental, social, and governance (ESG) goals. Established in 2018, the plant serves the glass, building products, and oil and gas industries, producing high-purity sand and silica. Since Mike Foster became the senior plant manager in 2020, the plant has focused on filling positions with the right team members, fostering a strong community and positive work environment.
The plant has embraced data collection tools to improve operational efficiency, resulting in minimal machine downtime. The Cleburne team has maintained a strong safety record since 2020, achieving no lost time incidents (LTIs) or reportable incidents, and completing all safety-related tasks on time. This earned them the 2023 Covia President's Safety Award.
Additionally, the plant is involved in a Monarch Joint Venture (MJV) project to develop a pollinator habitat, contributing to monarch butterfly conservation. This yearlong project is in its early stages but aims to protect and enhance the habitat for monarchs and other pollinators.
Covia highlights the journey and leadership of Mike Foster, Senior Plant Manager at the Cleburne plant. Foster started at the Guion plant, later serving as Operations Manager in Crane, Texas before leading the Cleburne plant. His leadership, guided by his mentor Mike Maloney, emphasized safety, community support, and operational efficiency. The Cleburne team won Covia’s 2023 President’s Safety Award and is recognized for its community involvement, including supporting local schools and food banks. Foster's commitment to fostering strong relationships and mentorship has contributed significantly to the plant’s success.
Covia's 2023 ESG Report highlights the company's commitment to corporate responsibility, with a focus on safety, energy efficiency, community support, and environmental goals.
The company reduced Scope 1 & 2 GHG emissions intensity by 7.6%, expanded its Environmental Management System to cover nine sites, and achieved a 21% decrease in its all-incidence rate. Covia also provided over $1 million in community contributions through The Covia Foundation.
Covia continues to support the United Nations Global Compact and emphasizes ongoing improvements in responsible operations, cybersecurity, and data privacy.
Covia has been recognized for its biodiversity conservation efforts at the 2024 Wildlife Habitat Council (WHC) Conference. The company's Emmett plant received the Avian Award for its work to monitor and manage avian species, including building nest structures for kestrels, ospreys, and geese. Additionally, the Tunnel City plant was awarded the Pollinator Project Award for its efforts to re-establish the endangered Karner Blue Butterfly in collaboration with the Wisconsin DNR. Covia's commitment to ecological stewardship includes preserving forests, reclaiming land with native species, managing bird habitats, protecting endangered species, and restoring pollinator habitats. More information about Covia's biodiversity efforts can be found on their website.
Covia employee Cale Reeder reflects on his 20-year career, during which he advanced from a lab technician to a quality control environmental supervisor at the Nephton plant in Ontario.
He emphasizes Covia's commitment to both product quality and environmental compliance. Reeder's duties involve ensuring that mineral products meet customer expectations and adhering to Canadian environmental regulations.
Notably, Reeder has spearheaded a turtle conservation initiative in partnership with the Ontario Ministry of Natural Resources and Forestry, which has protected over 900 turtle eggs with a 70% hatch rate in the past five years.
Reeder expresses optimism about Covia's future growth and his role in mentoring new team members in a transforming industry.
Covia is celebrating World Environment Day by emphasizing land restoration, desertification, and drought resilience, aligning with the UN's #GenerationRestoration theme. Over the years, Covia has hosted speakers like Steve Adair from Ducks Unlimited and Margaret O'Gorman from Wildlife Habitat Council.
This year, Covia highlights reclamation efforts at their plants. Director of Environment, Natalie Eglinton, underscores their commitment to responsible land use and habitat preservation. Covia's initiatives include improving air quality, restoring wildlife habitats, and increasing pollinators.
For more on Covia's environmental efforts, visit their website.
Covia, a leader in innovative mineral solutions, has introduced CRISTOBALEX, an ultrawhite reflective filler. This breakthrough is credited to Scott Van Remortel, Applications & Technology Manager. CRISTOBALEX uses high-purity spherical quartz grains, thermally treated to enhance whiteness and performance in paints, coatings, cool roofing, and road markings. It also aids in sustainability by reducing energy consumption in urban areas. Covia emphasizes its commitment to innovation, sustainability, and exceptional customer service, with a focus on developing future talent in technology. The company continues to work on next-gen performance fillers to meet the evolving needs of the industrial coatings industry.
Covia Holdings has released its 19th Corporate Responsibility Report, highlighting achievements in environmental stewardship, social impact, and governance. Key 2023 metrics include a 21% reduction in all-incidence rate, $6.4 million invested in energy efficiency, and a 7.6% reduction in Scope 1 & 2 emissions. The report also details significant community engagement activities, with over 12,000 volunteer hours and more than $1 million in donations. This year, Covia received multiple awards for operational, safety, and environmental excellence. Additionally, the report marks Covia's first Climate Risk and Opportunities Report, aligned with TCFD guidelines. Covia plans to separate its Energy and Industrial businesses by summer 2024, making this the final combined report for the company.
On May 21, 2024, Covia announced the induction of 10 talented interns from universities across the US into their summer program.
These interns will work in various plants and functional areas such as marketing and finance. The initiative aims to provide these young professionals with diverse experiences in operations, marketing communications, engineering product development, IT, and financial planning and analysis.
Brian Richardson, EVP, Chief Administrative Officer, expressed enthusiasm about the program, highlighting its potential to inspire both interns and Covia leaders.
Covia's commitment to nurturing diverse talent and fostering professional growth is central to this initiative.
