English version - Hexagon Composites ASA
English version - Hexagon Composites ASA
English version - Hexagon Composites ASA
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COMROD COMMUNICATION <strong>ASA</strong> – LISTING ON THE OSLO STOCK EXCHANGE<br />
- 2004: New warehouse 180m 2 .<br />
The book value for machinery at the Company’s plant at Tau, was MNOK 10.7 per 30 September<br />
2006.<br />
In France the Company’s main asset is its plant in St. Amand lex Eaux in Northern France, about ½<br />
hour drive from Lille and 1 ½ hour drive from Paris. The plant was built in 1990 and was upgraded in<br />
2004 and 2005. The plant covers about 10,000 square metres, and the property covers some 120,000<br />
square metres. The book value of the plant was approximately EUR 2.1 million in 2005. The original<br />
cost of the plant was EUR 16 million, and the insurance value is EUR 13 million. Lerc has been in this<br />
site since 1962. The old buildings are more than 100 years old. Another part of the plant is 30 years<br />
old, and the modern one is 10 years old.<br />
Other than the two production plants and machinery, the Company has no other material fixed assets,<br />
and the Company leases no assets or properties other than one minor lease contract for machinery,<br />
which will expire in 1Q 2007.<br />
5.10 The environment<br />
The Company does not release any substances into the surrounding environment which require any<br />
kind of permit, and no health hazards are associated with its products. Remains from production are<br />
sent to an approved disposal centre. This also applies to special waste, such as oil emulsions. Other<br />
waste is separated at source and deposited at the inter-authority waste disposal site. The Company<br />
complies with the current environmental regulations in France and Norway.<br />
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