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Further patching-up work is not economical or feasible because of asbestos.
Federal-Mogul filed for bankruptcy protection in 2001 because of asbestos litigation expenses and slumping sales.
ABB has struggled lately because of asbestos litigation, insurance write-offs and restructuring charges.
Current clients include W. R. Grace & Company and Armstrong World Industries, both in bankruptcy because of asbestos claims.
Federal-Mogul, based in Southfield, Mich., filed for bankruptcy protection in October 2001 because of asbestos lawsuits and declining revenue.
In an upstairs bedroom, a steady flow of rainwater from the ceiling — much of the roof had to be removed because of asbestos — drips down an interior wall.
Similar(30)
The company lost $691 million in 2001, its first losing year, and posted a further $13 million loss in the second quarter of 2002, largely because of asbestos-related liability claims in the United States.
After reunification, that building in turn was demolished, partly because it was full of asbestos, partly because of its uglier associations.
Then, on May 21, the company told employees that construction had halted because overlooked pockets of asbestos had turned up inside the building's ducts.
As if any of the passengers needed a last reminder of the surreality they had just left behind in Manhattan, in several places in New Jersey last night officials were requiring people coming from the city to be fumigated as they stepped off the ferries, possibly because of fears of asbestos or other contaminants on their clothing.
Because past inhalation of asbestos could be associated with lung diseases, concerns have been raised about possible deleterious effects in the respiratory system associated with MMVFs (Moore et al. 2002).
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