Tag Archives: James Hardie

Rise in Asbestos Claims Not Hurting James Hardie’s Bottom Line

Australian construction company James Hardie says a rise in mesothelioma claims from former workers exposed to asbestos on the job is not affecting its bottom line. The company recently released its semi-annual profit statement to the Australian stock exchange. The report shows that James Hardie has doubled its profits from the first half of 2013, despite the fact that the number of mesothelioma-related asbestos claims has risen above company expectations. Company profits were reported to be $108.3 million from April to September. Quoted in the Sydney Morning Herald, James Hardie CFO Russell Chenu said, “We have seen some concerning trends in mesothelioma claims, which we have highlighted previously. We’ve now got a better handle on the ‘what’ and the ‘how’, … Continue reading Rise in Asbestos Claims Not Hurting James Hardie’s Bottom Line »

James Hardie’s Mesothelioma and Asbestos Legacy Continues

Most Americans have never heard of a company called James Hardie, but to many Australians this name conjures up an enormous death toll from asbestos. It has been alleged that this company is responsible for thousands of past and future Australian deaths from mesothelioma, lung cancer and asbestosis. Founded in Melbourne Australia in 1888 by James Hardie the company produced asbestos related products such as building products, insulation, and brake linings. In March 1987 it stopped manufacturing the asbestos containing products but, it was already too late. Mesothelioma and other asbestos related diseases have a long latency period from the time of asbestos exposure to disease diagnosis. Thousands of Australians who had worked for James Hardie or had come in … Continue reading James Hardie’s Mesothelioma and Asbestos Legacy Continues »