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James Hardie Industries
James Hardie Industries plc is an American-Irish global building materials company and the largest global manufacturer of fibre cement products. Headquartered in Ireland, it is cross-listed on the Australian and New York Stock Exchanges. Its management team currently sits in Chicago, Illinois, United States. James Hardie was plagued by several asbestos-related scandals in the 20th century.
James Hardie (27 July 1851 – 20 November 1920) emigrated to Australia in 1888 from Linlithgow, Scotland, and established a business importing oils and animal hides. Andrew Reid, also from Linlithgow, came to join Hardie in Melbourne, and became a full partner in 1895. When Hardie retired in 1911, he sold his half of the business to Reid.
The company was listed on the Sydney Stock Exchange in 1951. At the time, the company manufactured products out of asbestos cement sheet and other related building material. By the middle of the twentieth century, James Hardie had become the largest manufacturer and distributor of building products, insulation, pipes and brake linings containing asbestos. In Australia, it operated asbestos plants in New South Wales, Queensland, South Australia, Victoria and Western Australia. Working with the products containing asbestos – including asbestos cement – caused people to develop various pleural abnormalities such as asbestosis and malignant mesothelioma. In 1961, it merged its brake lining division with Turner & Newall's Ferodo, taking a 60% shareholding in Hardie-Ferodo. It purchased the remaining 40% in August 1980.
By the mid 1980s, James Hardie invented the modern day asbestos-free fibre cement material and had transitioned production entirely to fibre cement, a product consisting largely of Portland cement, sand, and wood fibres.
In December 2001, the company relocated its headquarters to the Netherlands. While the move to the Netherlands resulted in tax savings of $86 million over seven years, in 2009 the Australian Taxation Office issued an amended assessment for $172 million plus interest and penalties. James Hardie successfully appealed the assessment. Also in 2009, the US Internal Revenue Service alleged that James Hardie had not been in compliance with the US-Dutch treaty since it had been implemented in 2006 and claimed $US37 million in unpaid taxes plus $US10 million in interest and penalties.
In 2010 James Hardie moved its corporate domicile to Ireland.
James Hardie currently[when?] operates a corporate office in Chicago, Illinois, United States and operates more than a dozen manufacturing plants around the world.
James Hardie was the naming rights sponsor of the Bathurst 500/1000 from 1968 until 1987. It was shirt sponsor for the Parramatta Eels from 1981 until 1995, and commenced sponsoring them again in 2025.
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James Hardie Industries
James Hardie Industries plc is an American-Irish global building materials company and the largest global manufacturer of fibre cement products. Headquartered in Ireland, it is cross-listed on the Australian and New York Stock Exchanges. Its management team currently sits in Chicago, Illinois, United States. James Hardie was plagued by several asbestos-related scandals in the 20th century.
James Hardie (27 July 1851 – 20 November 1920) emigrated to Australia in 1888 from Linlithgow, Scotland, and established a business importing oils and animal hides. Andrew Reid, also from Linlithgow, came to join Hardie in Melbourne, and became a full partner in 1895. When Hardie retired in 1911, he sold his half of the business to Reid.
The company was listed on the Sydney Stock Exchange in 1951. At the time, the company manufactured products out of asbestos cement sheet and other related building material. By the middle of the twentieth century, James Hardie had become the largest manufacturer and distributor of building products, insulation, pipes and brake linings containing asbestos. In Australia, it operated asbestos plants in New South Wales, Queensland, South Australia, Victoria and Western Australia. Working with the products containing asbestos – including asbestos cement – caused people to develop various pleural abnormalities such as asbestosis and malignant mesothelioma. In 1961, it merged its brake lining division with Turner & Newall's Ferodo, taking a 60% shareholding in Hardie-Ferodo. It purchased the remaining 40% in August 1980.
By the mid 1980s, James Hardie invented the modern day asbestos-free fibre cement material and had transitioned production entirely to fibre cement, a product consisting largely of Portland cement, sand, and wood fibres.
In December 2001, the company relocated its headquarters to the Netherlands. While the move to the Netherlands resulted in tax savings of $86 million over seven years, in 2009 the Australian Taxation Office issued an amended assessment for $172 million plus interest and penalties. James Hardie successfully appealed the assessment. Also in 2009, the US Internal Revenue Service alleged that James Hardie had not been in compliance with the US-Dutch treaty since it had been implemented in 2006 and claimed $US37 million in unpaid taxes plus $US10 million in interest and penalties.
In 2010 James Hardie moved its corporate domicile to Ireland.
James Hardie currently[when?] operates a corporate office in Chicago, Illinois, United States and operates more than a dozen manufacturing plants around the world.
James Hardie was the naming rights sponsor of the Bathurst 500/1000 from 1968 until 1987. It was shirt sponsor for the Parramatta Eels from 1981 until 1995, and commenced sponsoring them again in 2025.