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. 


 

Further step towards strategic transformation

Zurich, November 10, 2020 – Conzzeta reports the signing of a binding agreement to divest its FoamPartner business unit to Recticel, the Belgium specialist in polyurethane chemistry, headquartered in Brussels and listed on Euronext (REC), for an enterprise value of CHF 270 million. The closing of the transaction is expected in the first quarter 2021, subject to regulatory approval.

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Conzzeta Capital Markets Day: Bystronic to push innovation and market positions

Zurich, November 10, 2020 – Ernst Baertschi, Chairman of the Board of Directors of Conzzeta, will host today’s virtual Conzzeta capital markets day. Conzzeta Group CEO Michael Willome will provide an update of the Group’s strategic transformation. Bystronic CEO Alex Waser with part of his management team will present Bystronic’s strategy.

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Climbing with refugees: MAMMUT becomes a partner of the non-profit organization ClimbAID

Seon, November 5, 2020 – Mammut has entered into a partnership with the non-profit organization ClimbAID to work together on humanitarian projects allowing refugees to discover the joy of climbing. United by their shared passion for mountain sports and climbing, Mammut and the Swiss non-profit organization ClimbAID are embarking on a partnership designed to allow people affected by war, poverty and displacement to discover the joy of climbing. This long-term cooperation will focus on the implementation of humanitarian projects in Switzerland, Lebanon, Greece and beyond.

 
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