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 further information please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone +41 44 468 24 84
Conzzeta is a broadly diversivied 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 AG is listed on the SIX Swiss Exchange (SIX:CON).
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.keyboard_arrow_right
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.keyboard_arrow_right
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.keyboard_arrow_right