Arconic, the American manufacturing giant that sold combustible paneling used in Grenfell Tower, a London housing project that was the site of the deadliest fire here in decades, said Monday it would no longer sell the same type of material for use in high rises.
The use of Arconic's Reynobond PE cladding panels isn't allowed on tall buildings in the US and some other countries because of the fire hazard.
"We believe this is the right decision because of the inconsistency of building codes across the world and issues that have arisen in the wake of the Grenfell Tower tragedy regarding code compliance of cladding systems in the context of buildings' overall designs". It supplied its PE cladding for use in Grenfell Tower despite publicly warning the panels were a fire risk for tall buildings.
Court lets travel ban mostly go into effect
Both bans are now due to partly go into effect in 72 hours, based on a memorandum issued by the Trump administration on June 14. Any court vacancy these days, under a president of either party, triggers a battle between liberal and conservative forces.
Shares of Arconic had been on a tear entering Monday's session, rising 37.8 percent for the year.
The police investigation is focused on how the blaze started, how it spread so fast and whether any person or organizations should be held responsible.
- Rob North, Mark Thompson and Katie Polglase contributed reporting.
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