Makhteshim could face $270m pollution claim

08 October 2007 10:49  [Source: ICIS news]

LONDON (ICIS news)--Makhteshim Agan has received a potential $270m (€192m) claim relating to health issues from air pollution at its plant in Ramat Hovav, Israel, the agrochemicals producer said in a statement on Monday.

The claim and a petition to regard the claim as a class action were filed to the district court of Be’er Sheva by three inhabitants of the village of Wadi el-Naim.

The plaintiffs estimate that the claim, if it was regarded as a class action, would amount to $270m.

The action was made against Makhteshim Agan’s wholly owned subsidiary Makhteshim Chemical Works (MCW).

“At this stage, MCW cannot estimate the likelihood of the claim and the petition to proceed,” said the company.

Makhteshim Agan booked operating profits of $88m during the second quarter of 2007.

($1 = €0.71)

By: Mark Watts
+44 20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly