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18.10.2017 – 07:05

Conzzeta

EQS-News: Conzzeta: Chemical analyses largely completed - Production resumes at FoamPartner


EQS Group-News: Conzzeta / Key word(s): Miscellaneous
Conzzeta: Chemical analyses largely completed - Production resumes at
FoamPartner

18.10.2017 / 07:00

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Chemical analyses largely completed
Production resumes at FoamPartner

Zurich, October 18, 2017 - The FoamPartner business unit of Conzzeta has largely
completed its extensive precautions and chemical analyses at the sites affected
by the defective raw material deliveries. Most of the chemical samples did not
exceed thresholds, indicating that there are no health risks. Foam production
has been resumed at the Wolfhausen location, and processing is also expected to
be fully operational again by 19 October 2017.

At the Wolfhausen location, which was particularly affected, the measurement of
the product contamination carried out by an external testing laboratory showed
that the thresholds were not exceeded in over 80% of more than 100 tested
samples. However, higher levels were recorded in 20 samples. FoamPartner is
informing affected customers and advises isolating the defective goods
(unprocessed foams, partly finished products). In the case of workplace air
measurements, no concentration of pollutants exceeding the thresholds could be
detected, meaning that the temporary suspension of production imposed on 6
October 2017 can be lifted.

FoamPartner and other European foam manufacturers had been informed on 5 October
2017 by their supplier BASF that toluene diisocyanate (TDI) contaminated with
dichlorobenzene (DCB) had been delivered between 25 August and 29 September
2017. Following this initial disclosure, BASF continuously communicated further
information on the risks to health, the environment and safety. This information
was taken into account by FoamPartner in determining its measures to deal with
the incident. BASF's current recommendations regarding the measuring methods to
be applied are in line with the precautions and methods of analysis initiated
promptly by FoamPartner at an early stage.

BASF announced on 11 October 2017 that it would take back the contaminated
material and the major part of products manufactured with it. The unused stocks
of TDI as well as the products already manufactured at the affected FoamPartner
locations were isolated and prepared to be taken back by BASF. Specific
questions in connection with BASF's take-back of products that have already been
delivered to the retail chain remain to be clarified. Conzzeta understands that,
as the polluted substances and products are being taken back, all direct costs
incurred will be borne by the manufacturer. It is not yet possible to provide a
comprehensive assessment of the damage suffered, including any indirect
consequences.

Current information for customers as well as interested media outlets is being
published by FoamPartner on an ongoing basis at www.foampartner.com.


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 constantly strives
to be the leader in its target markets, with above-average growth and
sustainable value creation. More than 4,600 employees at over 60 locations
worldwide are dedicated to offering customers innovative solutions for sheet
metal processing, sporting goods, foams, graphic coatings and glass processing.
Conzzeta is listed on SIX Swiss Exchange (SIX:CON).
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=HQCIAHHFRN
Document title: Production resumes at FoamPartner

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End of Corporate News
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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 News EQS Group News Service

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