Texas' newest toxic waste dump? Exide prepares for potential bankruptcy filing, reports WSJ
Exide Technologies is preparing for a potential bankruptcy-protection filing by this summer, The Wall Street Journal reported Thursday, citing unnamed sources.
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Exide, with operations in more than 80 countries, is involved in an extensive cleanup of contamination related to its shuttered plant in Frisco. City of Frisco officials said Thursday they are monitoring the situation. In the meantime, they said, work continues toward permanent closure of the Frisco site. State and federal regulators are overseeing that work.
A settlement agreement calls for Frisco to buy about 170 acres of buffer property from Exide once cleanup is complete. Exide is tapping into $6 million set aside for demolition and cleanup as part of that agreement. A total cost for the project has not been released.
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“Exide doesn’t have the money to provide a first-rate cleanup in Frisco, and we can’t rely on EPA to do a timely clean-up under the Superfund program,” said Jim Schermbeck, the group’s director. “Only the city of Frisco has the motivation to properly clean up and reclaim the Exide property instead of letting it become one of the region’s largest toxic waste dumps. We need the city to tell residents how they plan to return the Exide site to normal use.”
More at http://friscoblog.dallasnews.com/2013/06/exide-preparing-for-potential-bankruptcy-protection-filing-reports-wall-street-journal.html/ .
Wall Street Journal article: http://online.wsj.com/article/SB10001424127887323844804578529643612163014.html
[font color=green]Exide Technologies is one of the world's largest producers, distributors and recyclers of lead-acid batteries.
Corporate headquarters: Milton, Georgia
The company has manufacturing operations in:
Bristol, Tennessee
Columbus, Georgia
Florence, Mississippi
Fort Smith, Arkansas
Kansas City, Kansas
Manchester, Iowa
Salina, Kansas
The company has recycling operations in:
Baton Rouge, Louisiana
Canon Hollow, Missouri
Frisco, Texas
Muncie, Indiana
Reading, Pennsylvania
Vernon, California
The company has plastic operations in:
Lampeter, Pennsylvania
[/font]
= new reply since forum marked as read
I tried doing a little background research about the place when I posted and I believe that Exide had acquired the property and was manufacturing batteries prior to anyone knowing that lead was toxic. I recall that in my youth I used to play with both lead and mercury so I wouldn't doubt that it may have done damage to my central nervous system, but there are a few other substances that I have handled that may have impacted my CNS also. The full details will be made available for inquiring minds sometime in the future, but only after I'm deceased. 
