North new building materials in the United States 3000 complaints claimed amount or more than 1 billion U.S. dollars

North new building materials or due to large claims in the United States to abandon the market. CFP figure The U.S. federal court in early April this year to 1 Chinese companies to make the first case, in the shares listed North new building materials Holdings Taishan Gypsum Co., Ltd. to 7 consumers compensation for 2.6 million dollars. The news shows that the North's new building materials and its Hong Kong listed large shareholder of Chinese building materials in the United States are involved in several similar lawsuits.　　In the case of litigation in the United States, North new building materials and Hong Kong-listed parent companies have not made any announcements so far. More than 3000 complaints have been filed, dating back to the 2005, when a number of severe weather catastrophes in the United States caused many houses to collapse, and in the late 2005 and 2006, the United States imported a large number of gypsum boards from China because of the lack of building materials.　　The North new building materials holding subsidiary Taishan Gypsum Co., Ltd. is to its export gypsum board one of the companies.　　According to the North new building Materials 2009 Annual report, North new building materials hold Taishan company 65% shares, Taishan Gypsum Co., Ltd. 2009 attributable to the parent company's net profit of 363.846 million yuan, while the North new building materials 2009 net profit of 321.83 million yuan. At the end of 2008, American media began to widely report on the pollution of China's gypsum board, which was installed in the southeastern part of the United States, with patina and odor.　　In May this year, the U.S. Consumer Product Safety Commission announced that China's plaster board incident has become the largest investigation in the agency's history. Beginning in 2008, consumers filed complaints with the U.S. Consumer Product Safety Commission. It is reported that a total of more than 3,000 complaints.　　In the first half of 2009, a lawsuit was filed in federal court in the United States, the U.S. court in April this year, a lawsuit was sentenced to 7 U.S. consumers compensation 2.6 million dollars. Claim amount or more than 1 billion USD North new building materials director Chang Zhangli yesterday in an interview with the Morning Post, said the North new building materials at the time of the export of Gypsum board area is small, mostly between hundreds of thousands of to 1 million or 2 million square meters.　　However, Hong Kong media reported that since the new building materials to face a series of lawsuits, which means that the north of new building materials and Chinese building materials, the potential compensation will reach billions of U.S. dollars. Relevant securities dealers also to the morning News reporter pointed out that the north of the new building materials should be made public announcements. But North new building materials director Chang Zhangli yesterday in an interview with reporters said: "The potential amount is not that big." The U.S. Consumer Product Safety Commission is still doing some testing and has no final concluding comments. "They filed lawsuits against all Chinese-related companies that exported gypsum boards at that time, not just our family, according to the record of the plaster board that was imported. We are watching closely that this matter has little impact on us and our products are fine. Chang Zhangli told the Morning Post reporter, because the company expects the potential compensation does not meet the relevant regulations of the SFC. So even though a number of lawsuits are still pending at the beginning of the first judgment in early April,There is no announcement from the company. May give up the US market "our company has been very attached to this matter at the outset. Chang Zhangli told the Morning Post reporter.　　North new building materials in the first half of 2009 so set up a response team, to some domestic and foreign lawyers consulted. According to the Morning News reporter, after the first lawsuit, the United States has conducted two rounds of hearings. In other similar lawsuits, Tianjin, a company named Tianjin can be a blessing to the United States to do a lawsuit, after consultation, the final amount of compensation from about 370,000 U.S. dollars down to 160,000 U.S. dollars, North new building materials did not send relevant people to.　　The matter has also been Chang Zhangli acknowledged, saying the company did not entrust the relevant people to the United States to deal with the court's litigation. Why does one side show great importance to the other side but give up the lawsuit.　　Chang Zhangli yesterday in an interview with a miju of the reason, the North new building materials now annual Gypsum board sales of about 480 million square meters, but the U.S. exports accounted for the total turnover of the company is not very large, the impact on the company's performance will not be very large.　　People close to the North's new building materials management said yesterday that the North's new building materials are more about the issue as a trade dispute trade protection, and the North new building materials have made the worst plan, the big deal to give up the United States market, but resolutely will not make compensation. The views of these people have also been Wu Dong, he said: "If the North new building materials refused compensation, then the United States Federal Court of Justice can not be enforced." Because in public information, the U.S. Federal Court's decision has never been carried out in China. But these companies have property in the United States, will be the first time to seize. "A number of analysts told the Morning Post reporter yesterday that the incident must have a bad impact on the new building materials in the north." In addition to compensation, the impact of reputation will be great.