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Article: James Hardie builds on US base with Cemplank buy.

Article from:
Australasian Business Intelligence
Article date:
December 13, 2001
Copyright

Dec 14, 2001 (The Canberra Times

ABIX via COMTEX) -- James Hardie Industries of Australia has purchased $A75 million of fibre cement assets in the US. James Hardie bought the operating assets of Cemplank Incorporated form Belgium's Etex Group, including a manufacturing plant in Pennsylvania with a production capacity of 11.2 million square metres, and another in South Carolina with a capacity of 17.7 million square metres. Shaw Stockbroking research director Scott Marshall said it was a "top" deal that increased James Hardie's capacity in the US by 15 per cent. Cemplank generated $A69.47 million revenue in 2000.

JAMES HARDIE INDUSTRIES NV - ASX JHX: ... 







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