Headquartered in Foothill Ranch, California, Kaiser Aluminum manufactures and distributes aluminum products for a variety of industries. Although the company is one of the world leaders in aluminum production and distribution, Kaiser has faced a multitude of asbestos-related lawsuits due to its previous high-use of asbestos. As a result, the company filed for bankruptcy to compensate victims who’ve developed life-threatening illnesses after handling and working around its asbestos-containing products.
If you or a loved one suffer from mesothelioma, asbestosis, or asbestos-related lung cancer, you may qualify for substantial compensation. Currently, there is over $30 billion in asbestos trust funds, awaiting those who’ve been diagnosed with an asbestos illness. We invite you to fill out our form today for a free Financial Compensation Packet, filled with information about top mesothelioma lawyers in your area, how to get paid in 90 days, how to file an asbestos trust fund claim, and much more.
Kaiser Aluminum History
Kaiser Aluminum was founded in 1946 when Henry J. Kaiser bought three aluminum facilities from the U.S. government and began mining, processing, and manufacturing aluminum products. Over the next numerous decades, the company grew substantially. It acquired bauxite mines and began transforming bauxite into both fabricated and semi-fabricated aluminum products.
As the company continued to expand, it began distributing asbestos-containing fireboard to the U.S. Navy for use aboard vessels. In fact, many of Kaiser’s products were manufactured with asbestos due its strong resistance to heat and fire. From the 1950s until strict asbestos regulations created by the Environmental Protection Agency (EPA) in the 1970s, Kaiser made numerous asbestos-containing products.
Due to Kaiser’s excessive asbestos use in many of its products, many employees, contractors, and Veterans began developing toxic illnesses such as malignant mesothelioma, asbestosis, and asbestos-related lung cancer. An onslaught of asbestos-related lawsuits and claims followed.
Kaiser Aluminum Lawsuits and Bankruptcy
By 2001, the amount of asbestos-related claims against Kaiser Aluminum had reached over 10,000. Rather than continue to fight the mounting claims, the company filed for Chapter 11 bankruptcy in 2002. Kaiser remained in bankruptcy until 2006. After coming out of bankruptcy, the company established the Kaiser Aluminum & Chemical Corporation Asbestos Personal Injury Trust, in order to compensate all pending and future asbestos-related cases. The trust was funded with $1.2 billion and within 2 years of its establishment, had already paid out over $100 million.
Occupations Affected by Kaiser Aluminum
Since Kaiser distributed asbestos-related products to numerous industries, a variety of different workers in numerous occupations were affected, including:
- Naval shipyard workers
- Aerospace workers
- Automotive mechanics
- Construction workers
Kaiser’s asbestos-containing products included:
- Unitab bricks
- Finishing mud cement
Kaiser Aluminum Today
As aforementioned, Kaiser is still in operations today. The company has 11 United States fabrication facilities, 1 facility in Canada, and numerous U.S. service centers. The combined facilities ship over 500 million pounds of products each year, worldwide. Kaiser no longer uses asbestos in any of its products, but asbestos-related claims from former workers and contractors continue to surface.
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.