Insurance compensation for fire in Jonesborough

The insurance case related to the fire that broke out on January 7, 2021 in our facility in Jonesborough, TN, USA has now been closed. Total insurance coverage amounts to 74 MUSD, of which 10 MUSD was paid in April 2021. The balance of 64 MUSD will be paid to HEXPOL before the end of October. The costs for the fire are estimated at approx. 25 MUSD.

Above transactions will affect operating profit as non-recurring items.

For more information, please contact:

Peter Rosén, Deputy CEO and CFO
+46 (0)73 656 49 34
 

HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily systems suppliers to the global automotive and engineering industry, construction industry, the energy, oil and gas sector, medical equipment manufacturers and OEM manufacturers of plate heat exchangers and forklifts. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2020 amounted to 13,424 MSEK. The HEXPOL Group has approximately 4,600 employees in fourteen countries. Further information is available at www.hexpol.com. 

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