Rinker Group

From Wikipedia, the free encyclopedia

The Rinker Group is an Australian-headquartered multinational building products company. It is listed on both the Australian Stock Exchange and the New York Stock Exchange. Rinker operates three major divisions:

Readymix, which produces and delivers bulk concrete and quarried rock and sand for the building industry for the Australian market. Readymix has established subsidiaries in China, supplying concrete for the cities of Tianjin and Qingdao.
Humes, which produces manufactured concrete products including pipe, rail track materials, precast concrete bridges, culverts and the like, for the Australian market. Rinker and Humes are generally the largest, or near-largest, in the Australian market in most of their product lines.
Rinker Materials, which produces a number of concrete, aggregate and other heavy building products similar to the Australian product line in a number of US states, notably including Florida and Arizona. In Florida, for instance, it operates under the name "Florida Materials", and runs a substantial retail network for these materials and other building products. About 80% of Rinker's revenue and profits come from its US operations.

Rinker Group was established as a separate entity in 2003 through its demerger with CSR Limited. CSR had earlier purchased Rinker Materials, which was founded by Marshall "Doc" Rinker in 1926. The company has approximately 14,000 employees and as of 2004 has sales of around 3,700 million USD and a market capitalisation of about 5 billion USD. Its net profit was 492 million USD in the 2003-04 financial year.

The current Chief Executive Officer is David Clarke, who had long worked in CSR's heavy building products division and resides in Florida. The current chairman of the board of directors is John Morschel, a director of a number of Australian companies. The other board members are split evenly between Florida and Sydney. The company's corporate headquarters are in Chatswood, a Sydney suburb.

[edit] External links

This article or section does not cite sources or references that appear in a credible, third-party publication. The sources provided are primary sources, such as websites and publications affiliated with the subject of the article. You can help Wikipedia by including appropriate citations from reliable sources.This article has been tagged since December 2006.