STU steel & tube holdings limited

Ann: GENERAL: STU: Steel & Tube maintains full confidence in its product

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    • Release Date: 17/03/16 10:59
    • Summary: GENERAL: STU: Steel & Tube maintains full confidence in its product
    • Price Sensitive: No
    • Download Document  2.44KB
    					STU
    17/03/2016 10:59
    GENERAL
    NOT PRICE SENSITIVE
    REL: 1059 HRS Steel & Tube Holdings Limited
    
    GENERAL: STU: Steel & Tube maintains full confidence in its product
    
    Steel & Tube is fully confident that the welded wire reinforcing mesh
    products supplied to customers is in full compliance with appropriate
    standards, and the test certificates are not misleading.
    
    Steel & Tube CEO Dave Taylor says Steel & Tube follow a robust testing regime
    that ensures a compliant product that satisfies the requirements of the
    seismic code.
    
    Steel & Tube is reiterating its confidence in its products following media
    suggestions that Steel & Tube has been selling earthquake reinforcing mesh
    falsely certified as having been tested by a top testing laboratory.
    
    In recent days, Steel & Tube has become aware that the name of an independent
    building product testing laboratory, Holmes Solutions, has appeared at the
    very bottom of batch testing certificates.
    
    "The Holmes Solutions logo sits underneath the names of two Steel & Tube
    employees - our factory manager and our compliance tester, who take
    responsibility for the validation of our test results," says Mr Taylor.
    
    He says Steel & Tube fully accepts the retention of the Holmes Solutions logo
    on the bottom of the test certificates was an oversight, and that the company
    has since acknowledged the mistake and apologised to Holmes Solutions.
    
    Mr Taylor says Holmes Solutions helped Steel & Tube set up the testing regime
    and set up the test certificate templates when the company originally
    developed the testing programme for welded wire reinforcing mesh four years
    ago.
    
    "Steel & Tube in no way intended to mislead customers, and has acknowledged
    the error, and has removed the logo from the test certificate template."
    
    "We firmly stand by our product and are fully confident in our in house
    testing results," says Mr Taylor.
    Ends
    
    About S&T Steel & Tube is New Zealand's leading supplier of steel products
    and services. It has a nationwide service and distribution network in 56
    locations and is listed among the top 50 companies on the New Zealand Stock
    Exchange. It caters to numerous sectors across the New Zealand economy
    including commercial and residential construction, manufacturing, rural and
    heavy and light engineering. Its product range includes the Hurricane, Atlas,
    ComFlor and Fortress brands.
    
    For more information: Tanya Katterns, S&T Communications Manager: 021 573 874
    End CA:00279421 For:STU    Type:GENERAL    Time:2016-03-17 10:59:08
    				
 
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