ASX:JHXBasic Materials
Does James Hardie (ASX:JHX) Plant Consolidation Mark a Deeper Shift in Its Cost Strategy?
James Hardie Industries has recently announced it will close its Fontana, California and Summerville, South Carolina manufacturing plants within 60 days, reallocating production to other facilities as part of its Hardie Operating System program.
The company expects these closures to deliver about US$25.00 million in annualized cost savings from the first quarter of fiscal 2027 while reaffirming its third-quarter and full-year fiscal 2026 guidance.
Next, we’ll examine how shutting two US...