Rinker Acquires Three Quarries and a Block Plant in South Eastern Kentucky
2006年11月8日 - 1:45PM
PRニュース・ワイアー (英語)
SYDNEY, Australia, Nov. 8 /Xinhua-PRNewswire-FirstCall/ -- Rinker
Group Limited ("Rinker") (ASX and NYSE: RIN) has announced the
acquisition of three quarries and a block plant from Nally &
Haydon, LLC, an independent aggregate, block and asphalt producer
in south-east Kentucky. The three quarries are located at
Cumberland, Harlan and Pineville in the Central Appalachian region
of Kentucky. The block plant is located near Harlan. The
acquisition is a bolt-on to the existing operations of Rinker's US
subsidiary, Rinker Materials Corporation, in Tennessee and
Kentucky. These include 14 active hard rock quarries and eight
concrete plants. Permitted reserves at the three new quarry
locations are more than 40 million tons. The block plant mainly
produces "heavy" block for the local coal mining industry -- the
second largest coal mining region in the US. Rinker has invested
over US$1.9 billion in more than 48 acquisitions since 1998,
together with around US$1 billion in the development of new
quarries and operating plants and expansion of the base business.
Rinker is one of the world's top 10 construction materials groups,
with operations in aggregates, cement, concrete, asphalt and
concrete pipe and products. Annual revenue is over US$5.1 billion.
Rinker has over 13,000 employees in over 780 sites across the US,
Australia and China. Around 80% of group revenue comes from the US
subsidiary, Rinker Materials Corporation. This communication
contains a number of forward-looking statements based on
management's current expectations and beliefs. Such statements can
be identified by the use of forward-looking language such as "may,"
"should", "expect," "anticipate," "estimate," "scheduled," or
"continue" or the negative thereof or comparable terminology. Such
forward-looking statements are not guarantees of future results or
performance and involve risks, uncertainties and other factors,
including: the general economic and business conditions in the
United States and Australia; trends and business conditions in the
building and construction industries; the timing and amount of
federal, state and local funding for infrastructure; competition
from other suppliers in the industries in which Rinker operates;
changes in Rinker's strategies and plans regarding its ongoing
business strategy, acquisitions, dispositions and business
development; Rinker's ability to efficiently integrate past and
future acquisitions; compliance with, and potential changes to,
governmental regulations related to the environment, employee
safety and welfare and other matters related to Rinker; changes in
interest rates, weather and other natural phenomena, energy costs,
pension costs; healthcare costs; outcomes of legal hearings such as
the Lake Belt challenge and other risks and uncertainties
identified in our filings with the Australian Stock Exchange and
the SEC. Rinker can give no assurances that actual results would
not differ materially from any forward-looking statements contained
in this communication, particularly in light of the many risks and
uncertainties regarding the proposed offer by Cemex. You are
cautioned not to place undue reliance on any forward-looking
information. Rinker disclaims any intention or obligation to update
or revise any forward-looking statements contained herein, whether
as a result of new information, future events or otherwise. For
further information, please contact: Debra Stirling Tel:
+61-2-9412-6680 Mobile: +61-419-476-546 International:
+61-419-476-546 DATASOURCE: Rinker Group Limited CONTACT: Debra
Stirling, +61-2-9412-6680 or +61-419-476-546, or international,
+61-419-476-546, for Rinker Web Site: http://www.rinker.com/
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