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

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EQS Group-News: Conzzeta / Key word(s): Miscellaneous 
Conzzeta: Chemical analyses largely completed - Production resumes at 
FoamPartner 
 
2017-10-18 / 07:00 
 
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 [phone]; [e-mail] 
 
*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). 
 
Additional features: 
 
Document: http://n.eqs.com/c/fncls.ssp?u=HQCIAHHFRN [1] 
Document title: Production resumes at FoamPartner 
 
End of Corporate News 
Language: English 
Company:  Conzzeta 
          Giesshübelstrasse 45 
          8045 Zürich 
          Switzerland 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
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 
 
619977 2017-10-18 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=04864dbef43be3b6489a4d265adcbe40&application_id=619977&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

October 18, 2017 01:00 ET (05:00 GMT)