Foseco

Foseco, a manufacturing company in the foundry industry, creates and distributes an array of design and engineering products. In the past, the company’s extravagant growth resulted in the creation of a string of factories, in which asbestos-containing products were used on a daily basis. A vast amount of asbestos-related lawsuits were the consequence of the company’s asbestos use, which also caused the deaths of several workers. Although Foseco never filed for bankruptcy, they faced thousands of lawsuits for its negligent and reckless behavior.

If you or a loved one have been diagnosed with mesothelioma, asbestosis, and asbestos-related lung cancer, you may be eligible for substantial compensation. There is currently over $30 billion in asbestos trust funds, set up for those who are victims to asbestos-related diseases. Fill out our form to receive our free Financial Compensation Packet. Our packet is loaded with information on leading mesothelioma attorneys in your area, how to file a claim for asbestos trust funds, how to get paid in 90 days, and more. 

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Foseco History

Founded in 1932 by Eric Weiss, Foresco first started out as a meager company in a small room in Birmingham, Alabama. However, it didn’t take long for the business to gain customers and begin expanding. Since the company started out in the United States Foundry business, it got its name by creating letters from “Foundry Services Company.” As Foseco continued to manufacture and provide services to the foundry industry, it went on to become a successful corporation across numerous many countries and continents.

As the company grew, so did its products. Foseco added an array of products to its line, including:

  • Insulating feeding systems
  • Binders
  • Electrostatic coatings
  • Direct pour technologies
  • Exothermic feeding systems
  • Iron and steel
  • Silica
  • Industrial processes
  • Aluminum products
  • Glass products
  • Cement products

As with any major manufacturing company, Foseco used large amounts of equipment in order to create and distribute products in masses. The equipment helped to make many products that contained asbestos. In turn, thousands of Foseco employees and contractors worked long, arduous hours in hot facilities that were littered with asbestos-containing products. Even the protective gear worn by Foseco workers contained asbestos so that they were safe from extreme temperatures and fire.

In 1976, Foseco discontinued the use of asbestos in all of its products, yet in just one factory alone, reports indicate that at least 18 million pounds of asbestos was used. The company defended its actions when representatives stated that they were unaware of the dangers of asbestos. However, a report sent to Foseco indicates that company officials were made aware of the hazards of asbestos dust to human health. Yet, the company ignored the warnings and dangers and continued to place employees and contractors at risk on a daily basis.

Consequently, Foseco began facing a mass of asbestos-related lawsuits as employees began developing life-threatening illnesses such as malignant mesothelioma and asbestos-related lung cancer.

Foseco Lawsuits

In 1964, Foseco received a letter from a scientific advisor from the North American Asbestos Corporation. The letter stated that asbestos was hazardous to human health and that it increased the risk of asbestos-related lung cancer. Although Foseco denied knowing anything about asbestos dangers and continued to use it, the proof states otherwise, which resulted in many multi-million dollar lawsuits against the company.

In addition, two Foseco subsidiaries, Foseco Minsep, Inc and Foseco Canada, Ltd., were also named in numerous lawsuits after they used exorbitant amounts of asbestos in a wide array of products. Furthermore, in one courtroom alone, (the Ohioc Cuyahoga County Common Pleas Court), Foseco faced more than 5,000 asbestos-related claims and lawsuits. At least eight former employees of Foseco’s Cleveland, Ohio plant have already died due to malignant mesothelioma and other asbestos-related illnesses, resulting in the company paying over $13 million to the former workers’ surviving families.

However, even with the substantial amount of asbestos-related lawsuits that the company faced, Foseco never filed for Chapter 11 bankruptcy, which is unlike most companies who manufactured asbestos-related products in large scales have done.

Occupations Affected by Foseco

Although foundry workers were the most affected by Foseco’s asbestos-containing products, thousands of other workers in different occupations were afflicted as well. Over the course of 15 years, Foseco used tremendous amounts of asbestos in its products, which directly affected many workers in the following occupations:

  • Metal workers
  • Steel mill workers
  • Boiler workers

Unfortunately, many homeowners were placed at risk, too. If homeowners had or have furnaces made with Foseco’s brick linings, they run the chance of ingesting asbestos fibers. Since asbestos fibers are odorless, thin, and undetectable by the human, it’s impossible when they are ingested. It’s important to get a medical check-up as soon as possible if you have an older furnace in your home that was made with Foseco’s brick linings. If you are unsure, contact a state-certified asbestos abatement professional.

Foseco Asbestos-containing Products

Since Foseco was (and currently remains) in the foundry industry, it used refractory products that contained asbestos, for its insulation properties and its resistance to heat and fire. The following Foesco products have been confirmed to contain asbestos:

  • Asbestos boards and compounds
  • Die castings
  • Exothermic riser sleeves (Kalminex)
  • Furnace linings
  • Hot Top Insulation
  • Molding sand
  • Permanent mold coatings
  • Hot Top metal devices
  • Core coatings
  • Ladle lining and liners

Foseco Today

Foseco remains in business today as a developer and manufacturer for the foundry industry, under the Foundry Technologies Division of the Vesuvius Group plc. The company no longer uses asbestos in its products and focuses on environmentally-friendly work and promoting health and safety to its employees. Its headquarters is based in Cleveland, Ohio.

Additional Resources for Asbestos Victims

If you’ve been injured by asbestos, keep in mind that there is a good chance that you’ll qualify for considerable compensation. Remember to fill out our from to get your free Financial Compensation Packet, with information on asbestos and mesothelioma lawyers in your area. If you have questions or need additional assistance, contact us at 800-793-4540. 

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