CSR Limited
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| Public company | |
| Traded as | ASX: CSR |
| Industry | Building materials |
| Founded | Sydney, Australia |
| Headquarters | North Ryde, New South Wales, Australia |
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Area served
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Australia, New Zealand, United States |
| Products | Glass, plasterboard, bricks, insulation, aluminium |
| Services | Construction |
| Revenue |
 A$1.74 billion (2014) |
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A$125 million (2014) |
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A$88 million (2014) |
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Number of employees
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2,985 (2014) |
| Website | http://www.csr.com.au |
CSR Limited is a major Australian industrial company, producing building products and having a 25% share in the Tomago aluminium smelter located near Newcastle, New South Wales. It is publicly traded on the Australian Securities Exchange. In 2012, it has approximately 3,600 employees and reported an after-tax profit of $90.7 million (pre-significant items). The company has a diversified shareholding with predominantly Australian fund managers and retail owners. The current managing director is Rob Sindel, a CSR employee since 2009, and the chairman of the board of directors is Jeremy Sutcliffe, the former managing director of Sims Metal. The group's corporate headquarters is in North Ryde (Triniti 3 Building), a suburb of Sydney.
Founded in Sydney in 1855 as the Colonial Sugar Refining Company, the company expanded into milling cane in Queensland and Fiji from the 1870s. It quickly became the most important miller and refiner in Australasia, with a virtual monopoly on Queensland and Fiji sugar production up to, respectively, 1989 and 1972. It also sold by-products of the sugar industry, from mollasses to ethanol. In 2010, CSR sold its sugar and ethanol business, which had been given the name Sucrogen in 2009, to the Singaporean company Wilmar. As of 2015, the business is known as Wilmar Sugar.
The company began to diversify into building products as early as 1942, with the construction of a plaster mill in Sydney, and in 1947 the company began manufacturing plasterboard there, bringing the product to the Australian market. It acquired Bradford Insulation in 1959, which produced heat insulation materials for buildings, and currently has a substantial share of the insulation market in Australia. It has established insulation businesses in China, Thailand and Malaysia, originally in joint ventures with local partners, but now wholly owned. The company also produces fibre cement sheeting, aerated concrete products, bricks, and systems to support plasterboard construction through Rondo, a joint venture with Boral. It spun off its interests in heavy building products, then producing more than half the group's profits, to a separate listed company, Rinker Group, in 2003. In 2007, CSR acquired the Australasian glass businesses of Pilkington and the Melbourne-based glass processing company DMS Glass, subsequently renaming both as Viridian.
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Wikipedia