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The North American Refractories Company Asbestos Personal Injury Settlement Trust (the “NARCO Asbestos Trust”) was established on April 30, 2013, pursuant to the Third Amended Plan of Reorganization of North American Refractories Company, et al., dated December 28, 2005 (the “Plan”).
- Narco’s History with Asbestos
- Asbestos Litigation Involving Narco
- Narco’s Asbestos Products & Workers at Risk
North American Refractories Company, also known as NARCO, formed in 1929 and became one of the nation’s largest manufacturers of asbestos refractory materials, which are heat-resistant products used to line high-temperature equipment such as furnaces. NARCO developed heat-resistant products when asbestos usewas prevalent because of the mineral’s du...
NARCO faced a significant number of personal injury claims throughout its history, like many other former asbestos manufacturers. By 2003, the company reportedly was named in more than 275,000 asbestos claims and reached agreements with 256,000 of them, or roughly 90%.
Several types of workers helped in the making of NARCO’s refractories and other products. Cement workers, chemical workers, steel and metal workers and engineers all assisted in the manufacturing process. A large portion of NARCO’s products played roles in industrial processes and required resistance to extremely high temperatures.
22 hours ago · The asbestos ban is the EPA’s first new rule under the amended law. America was once a leader in occupational health and safety. Now we are laggards. It took 126 years for us to heed Lucy Deane ...
Nov 28, 2022 · Honeywell’s costly asbestos trust fund obligation stems from North American Refractories Company, which it owned from 1979 to 1986. NARCO was once one of America’s largest manufacturers of asbestos refractory materials.
May 25, 2023 · North American Refractories Company, also known as NARCO, was founded in 1929. It became a top manufacturer of refractory products used in high-temperature settings. Many of the company’s products contained asbestos.
Sep 30, 2022 · Honeywell has announced court approval of its buyout agreement with the North American Refractories Asbestos Personal Injury Settlement Trust (the "Trust"), which provides for the elimination of Honeywell's funding obligations to the Trust.
Dec 14, 2022 · CHARLOTTE, N.C., Dec. 14, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) has announced court approval of its buyout agreement with the North American Refractories Asbestos Personal Injury...
