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, market orientation and a long-term perspective. Conzzeta strives for leading positions in its global target markets, above-average growth and long-term value creation. More than 5000 employees at over 60 locations worldwide aim to be "best choice" for customers, offering 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).
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