Arconic Issues Statement on Reynobond PE
June 26 2017 - 5:47PM
Business Wire
Arconic Inc. (NYSE: ARNC) today issued the following
statement:
The loss of lives, injuries and destruction following the
Grenfell Tower fire are devastating, and our deepest condolences
are with everyone affected by this tragedy. We have offered our
full support to the authorities as they conduct their
investigations.
While the official inquiry is continuing and all the facts
concerning the causes of the fire are not yet known, we want to
make sure that certain information is clear:
- Arconic supplied one of our products,
Reynobond PE, to our customer, a fabricator, which used the product
as one component of the overall cladding system on Grenfell Tower.
The fabricator supplied its portion of the cladding system to the
façade installer, who delivered it to the general contractor. The
other parts of the cladding system, including the insulation, were
supplied by other parties. We were not involved in the installation
of the system, nor did we have a role in any other aspect of the
building’s refurbishment or original design.
- While we provided general parameters
for potential usage universally, we sold our products with the
expectation that they would be used in compliance with the various
and different local building codes and regulations. Current
regulations within the United States, Europe and the U.K. permit
the use of aluminum composite material in various architectural
applications, including in high-rise buildings depending on the
cladding system and overall building design. Our product is one
component in the overall cladding system; we don’t control the
overall system or its compliance.
Nevertheless, in light of this tragedy, we have taken the
decision to no longer provide this product in any high-rise
applications, regardless of local codes and regulations.
About Arconic
Arconic (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we
solve complex engineering challenges to transform the way we fly,
drive, build and power. Through the ingenuity of our people and
cutting-edge advanced manufacturing techniques, we deliver these
products at a quality and efficiency that ensure customer success
and shareholder value. For more information: www.arconic.com.
Follow @arconic: Twitter, Instagram, Facebook, LinkedIn and
YouTube.
Dissemination of Company Information
Arconic intends to make future announcements regarding Company
developments and financial performance through its website
on www.arconic.com.
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Arconic Inc.Investor Contact:Patricia Figueroa,
212-836-2758Patricia.Figueroa@arconic.comorMedia Contact:Shona
Sabnis, 212-836-2626Shona.Sabnis@arconic.com
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