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| Good Start for Hanson in the First Quarter of 2006 Hanson PLC, one of the world's leading heavy building materials companies, said its view on the outlook for 2006 remains substantially the same as reported two months ago. Demand and pricing in the US to remain strong and the company have seen a good first quarter. As anticipated, the start to the year in the UK has been slower than the same period last year. Australia has had a good start although for the full year demand may be below the strong levels in 2005. The increase in energy costs incurred in 2005 will impact our annual cost base in 2006, despite our cost reduction initiatives. Hanson have completed or agreed eleven acquisitions to date in 2006 for a total consideration of approximately £515m. Overall, the firm continue to expect to make further progress in 2006 based on its strong asset base and market positions, ongoing financial discipline and continued investment in acquisitions. write your comments about the article :: © 2006 Construction News :: home page |