Conzzeta

EQS-Adhoc: Conzzeta: Qualitatively deficient raw material delivery - Partial production and delivery suspension at FoamPartner


EQS Group-Ad-hoc: Conzzeta / Key word(s): Miscellaneous
Conzzeta: Qualitatively deficient raw material delivery - Partial production and
delivery suspension at FoamPartner

11-Oct-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Qualitatively deficient raw material delivery
Partial production and delivery suspension at FoamPartner

Zurich, October 11, 2017 - Conzzeta confirms that BASF's deficient raw material
deliveries also affect their FoamPartner business unit. In order to protect
employees, customers and consumers from possible health risks, production and
delivery was suspended at the Wolfhausen site on 6 October 2017. The reason for
this is that BASF has supplied the plastic precursor product toluene
diisocyanate (TDI) with an excessively high proportion of potentially harmful
and polluting substances. The financial impact of these necessary measures
cannot yet be estimated, but should be largely covered by the supplier or by
existing insurance policies.

The supplier BASF informed FoamPartner, as well as other European foam
manufacturers, on 5 October, 2017 about deficient productions made between 25
August and 29 September 2017. As far as FoamPartner is concerned, three
factories in Wolfhausen (Switzerland), Duderstadt and Leverkusen (both in
Germany) are affected. The contaminated batches were secured and isolated at
their Leverkusen factory. In Duderstadt, the raw material had already been
completely processed by the time the information was provided by the supplier.
Customers impacted by this were informed of the incident. The batches at the
Wolfhausen factory were in production. This was temporarily suspended,
deliveries stopped and customers were informed. Complete resumption of
production is planned in the next days.

Besides FoamPartner, other European foam manufacturers were also supplied with
the contaminated TDI. FoamPartner is in contact with the supplier, as well as
with the European Industry Association EUROPUR and customers who have been
affected to coordinate the next steps. The health of employees, customers and
consumers is of paramount importance for FoamPartner.

For queries and further information, please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications;
Phone +41 44 468 24 49; media@conzzeta.com

About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It stands for
innovation, reliability and a long-term perspective. Conzzeta strives for
leading positions in its target markets, above-average growth and long-term
value creation. Over 4600 employees at more than 60 locations worldwide are
dedicated to offering customers innovative solutions in Sheet Metal Processing,
Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing. Conzzeta
is listed on the SIX Swiss Exchange (SIX:CON).

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=RKMAEWSQJU
Document title: Qualitatively deficient raw material delivery
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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Conzzeta

          Giesshübelstrasse 45

          8045 Zürich

          Switzerland

Phone:    +41 44 468 24 49

Fax:      +41 44 468 24 53

E-mail:info@conzzeta.com

Internet: www.conzzeta.com

ISIN:     CH0244017502

Valor:    A117LR

Listed:   Regulated Unofficial Market in Berlin, Stuttgart; Open Market in
Frankfurt; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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617675  11-Oct-2017 CET/CEST
 



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