The Abestos Industry At The Crossroads: Current Position And Outlook

Mr. Chairman, Ladies and Gentlemen, I'd like to take just a moment of your time before we examine the current position of the asbestos industry and its market outlook to take a searching look at the product itself. I feel that if we are to understand the problems that beset this basic mining and manufacturing industry and, more important, if we are to appreciate the solutions to these problems that I plan to put forward in a few moments' time, then we had better look at asbestos from the proper perspective. Asbestos has a unique combination of properties - properties not found in any other natural substance or man-made material. This has resulted in asbestos finding its way - in fact, being welcomed - into literally hundreds of applications.