Press release

Recticel affected by supplies of non-conform TDI from BASF

Occasional information, Brussels, 10 October 2017 – 18:45 CET

Recticel informs that on 5 October 2017 it has been notified by BASF that between 25 August 2017 and 29 September 2017 polluted toluene diisocyanate (“TDI”) – more particularly Lupranate T80 A - has been supplied by the BASF plant in Ludwigshafen (Germany) to five Recticel sites producing flexible polyurethane foams for the industry. BASF is one of the major suppliers of TDI and other BASF customers have received similar notifications.

Based on the preliminary information provided by BASF, Recticel has taken immediate precautionary measures in the affected sites, with a temporary stop in production and deliveries, in order to limit to the maximum extent possible any potential adverse impact on quality and safety of employees, customers or consumers.

At the same time, Recticel has informed its customers that are affected by this issue, and is working together with BASF to conduct sample testing and risk assessment on the non-conform TDI as well as foam produced with the non-conform TDI.

Recticel is committed to limit the impact for its customers to the maximum extent possible. The consequences of this quality issue are expected to be resolved in due course, with production and deliveries progressively resuming already in the coming days. Customers are being informed about progress made.

 

 

Financial calendar

Third quarter 2017 trading update 31.10.2017 (at 07:00 AM CET)
Annual Results 2017 23.02.2018 (at 07:00 AM CET)
First quarter 2018 trading update 26.04.2018 (at 07:00 AM CET)
Annual General Meeting 29.05.2018 (at 10.00 u CET)
First half-year 2018 results 29.08.2018 (at 07:00 AM CET)
Third quarter 2018 trading update 30.10.2018 (at 07:00 AM CET)

 

For additional information

RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)

Press: 
Mr Olivier Chapelle
Tel: +32 2 775 18 01
chapelle.olivier@recticel.com

Investor relations: 
Mr Michel De Smedt
Mobile: +32 479 91 11 38
desmedt.michel@recticel.com

 

Recticel in a nutshell

Recticel is a Belgian Group with a strong European dimension, but it also operates in the rest of the world. Recticel employs 7,925 people in 98 establishments in 28 countries.

Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.

Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment high-quality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colo-Fast®, Colo-Sense® and Colo-Sense Lite®.

In 2016 Recticel achieved combined sales of EUR 1.35 billion (IFRS 11 consolidated sales: EUR 1.05 billion).

Recticel (Euronext: REC – Reuters: RECTt.BR – Bloomberg: REC:BB) is listed on Euronext in Brussels.