Arconic halts sale of Grenfell Tower cladding panels for high rises

Arconic halts sale of Grenfell Tower cladding panels for high rises

In its initial statement after the fire, Arconic acknowledged the use of Reynobond PE as a component in the tower's cladding system and expressed condolences to the victims.

Arconic also was mentioned in a front-page New York Times story on Sunday that called the company's marketing of the material in Britain "opaque" compared with other parts of Europe, where there is an explicit warning against using the material on taller buildings.

Arconic's shares fell 6 percent to $24 at 1:44 p.m.in NY after dropping as much as 11 percent, the most intraday since November 2.

The United States, a world leader in fire safety standards, forbids the application of the sort of highly flammable materials used on Grenfell Tower.

The company said it would "continue to fully support" authorities investigating the June 14 blaze, which killed at least 79 people.

The hotel in a high-rise building identified as having combustible cladding has no issues with fire safety, thanks to fire-protection measures, the manager says.

After the devastating fire at Grenfell Tower in London earlier this month, Cambridge City Council is reassuring tenants and residents there's no council-owned properties of similar size or construction to Grenfell Tower.

Nearly two weeks after a fire killed at least 79 and virtually destroyed Grenfell Tower, a high-rise block of public housing apartments in London, facts are emerging that suggest that this was an accident that was "preventable" following "years of neglect", in the words of London Mayor Sadiq Khan.


All of the buildings for which external cladding samples were so far submitted failed combustibility tests, Communities Secretary Sajid Javid said.

"Councils who can't tell if cladding is safe from the paper trail or just by looking at the building are sending them out for testing, and people are being cautious", she said.

Since the fire, cladding on 60 high-rise buildings nationwide has been tested for fire safety - and all have failed. We were not involved in the installation of the system, nor did we have a role in any other aspect of the building's refurbishment or original design.

"I am concerned about the speed at which samples are being submitted", Javid told parliament.

Local authorities and housing associations must act immediately to ensure public safety regardless of cost, as the Government will offer financial assistance, Mr Javid said.

Javid said the figure recognizes that small charities and not-for-profit organizations are making a contribution to the relief effort.

The funding is in addition to 5 million pounds provided for the Grenfell Tower Residents' Discretionary Fund.

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