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  • 06/26/2017 16:02:14

    Arconic tries to distance itself from Grenfell Tower fire

    Arconic Inc. late Monday tried to distance itself from the devasting Grenfell Tower fire that killed at least 79 people by stressing that it supplies cladding panels to clients with the assumption that its products are used in compliance with various building codes. "Arconic supplied one of our products, Reynobond PE, to our customer, a fabricator, which used the product as one component of the overall cladding system on Grenfell Tower," said the company in a statement. However, it said it did not participate in refurbishing the building or in the original design. " Our product is one component in the overall cladding system; we don't control the overall system or its compliance," said the company. It also expressed its condolences and reiterated its decision that it will no longer supply cladding panel in other high-rise buildng projects, regardless of codes and regulations. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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