Covia, a provider of mineral-based and material solutions for the Industrial and Energy markets, announced that mining operations at its facility in Gore, Va., will be idled indefinitely in the first quarter of 2024. The Gore facility has been in operation for more than 80 years under several owners, including Virginia Glass, Unimin and Covia. As part of Covia’s industrial…
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Covia Releases Corporate Responsibility Report
Covia Holdings LLC released its 18th consecutive Corporate Responsibility Report, entitled “Where We’re Going,” summarizing the company’s global ESG initiatives, activities and performance from the 2022 calendar year.
Read MoreCovia Adds Nagel to Executive Team
Covia, a provider of mineral-based and material solutions for the Industrial and Energy markets, announced that Chris Nagel will join the company as executive vice president and chief financial officer, effective May 15, 2023. Nagel joins Covia from Leaf Home, where he served as CFO since 2019. Prior to his tenure at Leaf Home, he served as CFO of Springs…
Read MoreThis Week’s Market Buzz
• At press time, Brent crude futures were down 13 cents, or 0.1%, at $96.46 a barrel at 1339 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up 28 cents, or 0.3%.
Read MoreCovia Foundation Drives Community Engagement Forward
Covia believes that when our communities thrive, everyone benefits. The company states on its website, “To us, our commitment to the communities in which we live and operate goes beyond just our implied corporate responsibilities. To be a welcomed neighbor and have a positive impact we must always remember to live our four Clearly Covia Values – Safety First, Be…
Read MoreThis Week’s Market Buzz
• At press time, Brent futures were down 86 cents, or 0.8%, at $107.92 a barrel, while U.S. West Texas Intermediate futures were off $1.10 or 1.1%, at $103.15 a barrel.
Read MoreEich Promoted to President, Chief Executive Officer at Covia
Covia announced that Andrew Eich has been promoted to president and chief executive officer, effective Jan. 1, 2022. In addition, Eich will also join the board of managers of Covia.
Read MoreCovia Bankruptcy Plan Approved
Covia announced the United States Bankruptcy Court for the Southern District of Texas, Houston Division, confirmed its Plan of Reorganization.
Read MoreCovia Files Chapter 11; Plans Restructuring
Covia has filed for bankruptcy, seeking to cut more than $1 billion in debt as a result of the economic disruption sparked by the COVID-19 pandemic and low oil prices.
Read MoreCovia Tackles Pandemic Challenges
Covia announced a series of actions taken recently to strengthen safety protocols, reduce capacity and lower costs. These actions have been taken in light of the challenges caused by the COVID-19 pandemic and recent dislocations in global oil markets. These actions include:
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