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.


 

Change in the Executive Committee: Michael Riedel named new CEO of FoamPartner

Zurich, October 31, 2017 – The Conzzeta AG Board of Directors has appointed Michael Riedel as the new CEO of FoamPartner. He will assume the position on January 1, 2018 and will join the Conzzeta AG Executive Committee.

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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. 

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FoamPartner: Conzzeta closes agreement to acquire Otto Bock Kunststoff

Zurich, September 1, 2017 – Conzzeta announces the closing of the agreement to acquire Otto Bock Kunststoff. Following the announcement on July 21, 2017, Conzzeta assumed full control as per September 1, 2017, with corresponding first-time consolidation.

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