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This excerpt taken from the XIDE 10-K filed Jun 9, 2008. Azambuja
(SONALUR) Portugal
The Azambuja (SONALUR) facility is an active secondary lead
recycling plant. Materials from past operations present at the
site are stored in above-ground concrete containment vessels and
in underground storage deposits. The Company finalized the
process of obtaining site characterization data to evaluate
remediation alternatives agreeable to local authorities. Costs
for remediation are currently estimated at $2.0 million.
Legislation has recently been proposed in the European Union
which would ban lead in batteries, but with broad categories of
exemptions which apply to all or nearly all of the
Company’s products. It is possible that such legislation,
if finalized, will impose further duties on the Company for the
reclamation of lead from spent-batteries.
This excerpt taken from the XIDE 10-K filed Jun 11, 2007. Azambuja
(SONALUR) Portugal
The Azambuja (SONALUR) facility is an active secondary lead
smelter. Materials from past operations present at the site are
stored in above-ground concrete containment vessels and in
underground storage deposits. The Company finalized the process
of obtaining site characterization data to evaluate remediation
alternatives agreeable to local authorities. Costs for
remediation are currently estimated at $2 million to
$4 million.
Legislation has recently been proposed in the European Union
which would ban lead in batteries, but with broad categories of
exemptions which apply to all or nearly all of the
Company’s products. It is possible that such legislation,
if finalized, will impose further duties on the Company for the
reclamation of lead from spent batteries.
Table of Contents
EXIDE
GLOBAL HOLDING NETHERLANDS C.V. AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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