Submission on REACH proposals
2003年9月10日 - 11:56PM
RNSを含む英国規制内ニュース (英語)
RNS Number:6190P
Elementis PLC
10 September 2003
PRESS INFORMATION
SUBMISSION TO EU ON REACH PROPOSALS
Staines, UK, Wednesday 10 September 2003 - Elementis plc (LSE: ELM)
Further to press comment this morning Elementis confirms that it has made a
submission to the EU commission regarding the proposed new regulation,
evaluation and authorisation for chemicals (REACH). Elementis believes that the
burden of the proposals will fall disproportionately on specialty chemicals
producers as their business necessarily involves a large range of products with
relatively low volumes. No impact is anticipated on Elementis' chromium
production.
In its submission Geoff Gaywood, Chief Executive comments that "Based on a
strategic and financial assessment our likely business response to REACH as
presently drafted will be to exit some business sectors, reduce the number of
plants in the EU from five to three, and further emphasise new investment in
plant and R&D in the US and the Far East".
The company currently estimates the impact on it of the REACH proposals over an
eleven year period at Euro14-33 million.
In conjunction with the Chemical Industries Association and SEFIC the company is
continuing to lobby against the REACH proposals.
The full submission to the EU is available on www.elementis.com
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Enquiries
Elementis plc
Tel: +44 (0)1784 224 212
Geoff Gaywood Chief Executive
Brian Taylorson Finance Director
Hilary Reid Evans Head of Corporate Communications
Brunswick
Tel: +44 (0) 207 404 5959
Andrew Fenwick
Chi Lo
This information is provided by RNS
The company news service from the London Stock Exchange
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