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Asbestos insulating board (AIB), also known by the trade names Asbestolux and Turnabestos, is an asbestos-containing board formerly used in construction for its fire resistance and insulating properties. [1] These boards were commonly used in the United Kingdom from the 1950s until production ended in 1980.
The company filed for reorganization December 6, 2000 [4] and it emerged from Chapter 11 reorganization on October 2, 2006. [5] Its stock began trading on the New York Stock Exchange October 18, 2006. The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust in 2006 held approximately 66% of AWI's outstanding common shares. [6]
It can also be found in insulation, siding, roof gutters, and cement wallboard. The more prevalent transite found in wall construction and roofing tiles for example, will last anywhere from 50 years to over 100 years. [citation needed] The use of asbestos, a proven carcinogen, to manufacture transite was phased out in the 1980s.
Asbestos litigation is the longest, most expensive mass tort in U.S. history, involving more than 8,000 defendants and 700,000 claimants. [1] By the early 1990s, "more than half of the 25 largest asbestos manufacturers in the US, including Amatex, Carey-Canada, Celotex, Eagle-Picher, Forty-Eight Insulations, Manville Corporation, National Gypsum, Standard Insulation, Unarco, and UNR Industries ...
[3] [4] In 1885, the Manville Covering Company was established in Wisconsin by Charles B. Manville, whose grandson was the much-married socialite Tommy Manville. In 1901, the H.W. Johns Manufacturing Company and the Manville Covering Company merged to form the H.W. Johns-Manville Company. In 1926, the firm was renamed to Johns-Manville Corporation.
Asbestos (/ æ s ˈ b ɛ s t ə s, æ z-,-t ɒ s / ass-BES-təs, az-, -toss) [1] is a group of naturally occurring, toxic, carcinogenic and fibrous silicate minerals.There are six types, all of which are composed of long and thin fibrous crystals, each fibre (particulate with length substantially greater than width) [2] being composed of many microscopic "fibrils" that can be released into ...
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USG once again declared bankruptcy on June 25, 2001, under Chapter 11 to manage the growing asbestos litigation costs. USG was the eighth company in an 18-month period that was forced to utilize Chapter 11 to resolve asbestos claims. In the prior two decades, 27 companies filed for protection under Chapter 11 because of asbestos litigation.
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