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ELM Elementis Plc

156.20
-1.20 (-0.76%)
07 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elementis Plc LSE:ELM London Ordinary Share GB0002418548 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.20 -0.76% 156.20 155.80 156.60 158.20 154.60 158.00 546,951 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Inorganic Pigments 727.8M 26.5M 0.0448 34.78 930.16M

Submission on REACH proposals

10/09/2003 3:56pm

UK Regulatory


RNS Number:6190P
Elementis PLC
10 September 2003



PRESS INFORMATION


SUBMISSION TO EU ON REACH PROPOSALS


Staines, UK, Wednesday 10 September 2003 - Elementis plc (LSE: ELM)

Further to press comment this morning Elementis confirms that it has made a
submission to the EU commission regarding the proposed new regulation,
evaluation and authorisation for chemicals (REACH).  Elementis believes that the
burden of the proposals will fall disproportionately on specialty chemicals
producers as their business necessarily involves a large range of products with
relatively low volumes. No impact is anticipated on Elementis' chromium
production.


In its submission Geoff Gaywood, Chief Executive comments that "Based on a
strategic and financial assessment our likely business response to REACH as
presently drafted will be to exit some business sectors, reduce the number of
plants in the EU from five to three, and further emphasise new investment in
plant and R&D in the US and the Far East".


The company currently estimates the impact on it of the REACH proposals over an
eleven year period at Euro14-33 million.


In conjunction with the Chemical Industries Association and SEFIC the company is
continuing to lobby against the REACH proposals.


The full submission to the EU is available on www.elementis.com



                                     -Ends-

Enquiries

Elementis plc
Tel: +44 (0)1784 224 212
Geoff Gaywood                        Chief Executive
Brian Taylorson                      Finance Director
Hilary Reid Evans                    Head of Corporate Communications

Brunswick
Tel: +44 (0) 207 404 5959
Andrew Fenwick
Chi Lo






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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