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Saint-Gobain plays down radioactivity scare

21 January 1999: French construction group Saint-Gobain said radioactivity in its glass wool products were well below European regulatory limits, in response to French media reports highlighting conce…

21 January 1999: French construction group Saint-Gobain said radioactivity in its glass wool products were well below European regulatory limits, in response to French media reports highlighting concerns. Saint-Gobain said in a statement the component headlined by the newspaper report was recycled sodium silicate, which generated “very weak” radioactivity at a level, “250 times beneath the most demanding limit for the public, which is that of the European directive”. “It“s a storm in a teacup,” said analyst Christian Duchesne after shares in the group lost 7.5%. “The news may be true but it has no impact (given the weakness of the radioactivity levels),” he added.

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