Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  SGS    SGSN   CH0002497458

SGS (SGSN)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

SGS : Maine Restricts Flame Retardants in Residential Upholstered Furniture

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/08/2017 | 05:02am CEST

SAFEGUARDS | Hardlines NO. 123/17

The US state of Maine has recently passed measures to regulate flame retardants in residential upholstered furniture. The new restrictions will become effective on January 1, 2019.

In March 2017, we [1] had informed you that the US state of Maine introduced a proposal to regulate flame retardants (FRs) in upholstered furniture.

On August 2, 2017 [2], the Maine Legislature overrode the Governor's veto on 'LD 182 [3] (HP 138)' to regulate FRs in new residential upholstered furniture. The new law, An Act to Protect Firefighters by Establishing a Prohibition on the Sale and Distribution of New Upholstered Furniture Containing Certain Flame-retardant Chemicals (the Act) directs the Department of Environmental Protection (DEP) to adopt rules to implement the Act. To effectively implement these rules, the DEP [4] have indicated that they will need to develop a product labeling and registration program for manufacturers and a product sampling and testing program for certification.

The new measures restrict a flame retardant chemical or a mixture that includes flame retardant chemicals to no more than 0.1% in new residential upholstered furniture containing fabrics, other coverings or cushioning materials. According to the new law, new upholstered furniture containing restricted flame retardants that were acquired by retailers and wholesalers before January 1, 2019, is allowed to be sold, offered for sale or distributed until stocks are exhausted.

According to the definitions, a flame retardant chemical includes, but is not limited to, halogenated, phosphorus-containing, nitrogen-based and nanoscale flame retardants and any chemical or chemical compound where 'flame retardant' appears on the substance safety data sheet (SDS) under 29 CFR, Section 1910.1200(g)(2015).

Highlights of the new law are summarized in the table below.

Chapter 311, Public Law (LD 182, 128th Maine Legislature)
An Act to Protect Firefighters by Establishing a Prohibition on the Sale and
Distribution of new Upholstered Furniture Containing Certain Flame-retardant
Chemicals (the Act)
Substance
Scope
Requirement
Effective Date
Flame retardants
(FRs)
Residential upholstered furniture

≤ 0.1% FR chemical or

≤ 0.1% in a mixture containing FRs

January 1, 2019

NB

  • DEP to adopt rules for implementing the Act

Maine has specifically restricted Penta-BDE mixture and Octa-BDE mixture in a wide variety of consumer products since 2006. The use of Deca-BDE mixture has also been regulated since 2008 (38 MRSA § 1609 [5]). By bringing flame retardant chemicals into the scope of the law, Maine is strengthening its regulatory action on the use of flame retardants in residential upholstered furniture. Other US jurisdictions [6] regulating flame retardants include the Federal Government, California, Hawaii, Illinois, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Vermont, Washington and Washington DC.

NEXT STEP:

Stakeholders are now advised to ensure their residential upholstered furniture complies with the latest requirements for flame retardants under the new Maine law.

Throughout our global network of laboratories, we are able to provide a range of services, including analytical testing and consultancy for flame retardants in consumer products for the US and international markets. Please do not hesitate to contact us for further information.

For enquiries, please contact:

Hingwo TsangGlobal Information and Innovation Manager
t: +852 2774 7420

Stay on top of regulatory changes within your industry: subscribe to SafeGuardS!

Read more articles for the Consumer Goods and Retail industry

SGS SA published this content on 08 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 August 2017 03:01:01 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SGS
10:32a SGS : Launches The SGS Independently Checked Mark
07:27a SGS : PT Pupuk Kaltim Indonesia Receives IFA Certification
08/15 SGS : Fipronil Analysis for Eggs and Egg Products
08/14 INDIA’S BIS EXTENSION FOR BATT : 2012 Is Coming to An End
08/14 SGS : Turkey Adds More Restricted Substances to Market Surveillance for Footwear..
08/11 SGS : Commission Finally Bans Three Fragrance Allergens
08/09 SGS : Certifies London Crossrail Trains
08/09 SGS : Green Dry Cleaning Solvents
08/08 SGS : Expands and Increases Capacity by 50% at its Lincolnshire, IL Facility
08/08 SGS : GINETEX Registers Textile Care Labelling Symbols in China and India
More news
News from SeekingAlpha
2016 HEWL : A Legendary Investment
Financials ( CHF)
Sales 2017 6 261 M
EBIT 2017 952 M
Net income 2017 629 M
Debt 2017 652 M
Yield 2017 3,33%
P/E ratio 2017 25,83
P/E ratio 2018 23,80
EV / Sales 2017 2,75x
EV / Sales 2018 2,62x
Capitalization 16 558 M
Chart SGS
Duration : Period :
SGS Technical Analysis Chart | SGSN | CH0002497458 | 4-Traders
Technical analysis trends SGS
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 2 153  CHF
Spread / Average Target -0,73%
EPS Revisions
Managers
NameTitle
Frankie Ng Chief Executive Officer
Sergio Marchionne Chairman
Carla D. F. de Geyseleer Chief Financial Officer & Senior Vice President
August François von Finck Independent Director
Shelby R. du Pasquier Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SGS4.39%17 162
FISERV17.45%26 272
CIELO SA2.94%20 150
SECOM CO LTD-3.71%17 486
FIRST DATA CORP26.07%16 641
GLOBAL PAYMENTS INC36.29%14 425