Determine if the sentence is true based on the text below:
James Hardie Industries Plc has over 5000 employees.

SYDNEY James Hardie Industries Plc (JHX.N), the world's biggest fiber cement products maker, said on Thursday it expects the U.S. housing construction market to improve as it posted a 15 percent jump in fourth quarter sales. Sales were $376.4 million for the three months to March 31, compared to $326.8 million for the same period the previous year. The company's net operating loss for the quarter grew to $186.8 million from $69.5 million a year earlier because of an increase in asbestos adjustments. (Reporting By Byron Kaye; Editing by Diane Craft)