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The company was founded in 1920 in Chicago, Illinois as a subsidiary of Philip Carey Corporation, to manufacture its namesake product Celotex insulation board, often called simply Celotex. Celotex is a fiberboard made from bagasse (sugar cane waste after extraction of the juice), first produced in a factory in Marrero, Louisiana , outside of ...
In May 1997, Owens Corning acquired Fibreboard Corporation, a vinyl siding and other industrial material manufacturer, [21] which became a wholly owned subsidiary of Owens Corning. [11] The company was ordered to pay $5 million to an asbestos victim in 1997, making it the highest jury verdict in the history of the United States for a single non ...
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 ...
The U.S. Environmental Protection Agency on Monday finalized a rule that would ban using and importing cancer-causing asbestos, a material still used in some vehicles and in some industrial ...
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.
Asbestos cement competed with aluminum alloy, available in large quantities after WWII, and the reemergence of wood clapboard and vinyl siding in the mid to late 20th century. Asbestos cement is usually formed into flat or corrugated sheets or into pipes, but can be molded into any shape that can be formed using wet cement.
In time it became a generic term for other companies' similar asbestos-cement products, and later an even more generic term for a hard, fireproof composite material, fibre cement boards, typically used in wall construction. It can also be found in insulation, siding, roof gutters, and cement wallboard. The more prevalent transite found in wall ...
) Site was used as a drum storage and disposal area for wastes generated by Acme's solvent distillation units. From 1960 to 1970, the site consisted of seven waste disposal lagoons and open storage of 10,000 to 15,000 drums.