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Update
on Asbestos Claims in the United States
Some 6,000 claims were filed against CertainTeed in
2007, versus 7,000 in 2006. Around 8,000 claims were resolved over the
period, bringing the number of outstanding claims to 74,000 at December
31st, 2007, compared with 76,000 at end-2006. A total of USD 73 million
indemnity payments were paid over the last 12 months, compared to USD
83 million over 2006.
In light of these trends, an additional provision of €90 million
was recorded in 2007 (versus €95 million in 2006), increasing the
total coverage for CertainTeed's asbestos-related claims to USD 473 million
at December 31st, 2007, compared to USD 451 million at end-2006.
Web:
http://www.certainteed.com
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