Beaulieu Yarns, the global supplier of high-quality polyamide and polypropylene yarns, has announced the achievement of Highly Protected Risk (HPR) status for its French production site, Ideal Fibres & Fabrics Comines. Awarded by FM Global, HPR designation means a facility meets the highest industry standards for property protection.
FM Global, Beaulieu International Group’s (B.I.G.) industrial property and business interruption insurer for the past two years, offers a unique concept that supports the Group in reducing its exposure to loss and increases its business resilience. A dedicated worldwide team of engineers focuses on providing assistance and protection of its assets, helping the Group to achieve a higher level of risk protection.
The Ideal Fibres & Fabrics Comines site produces high quality yarns for a large variety of application and market segments including the automotive industry. It scored exceptionally well in its FM Global assessment which focused on aspects including fire protection, protection against natural hazard, mechanical breakdown of machinery and also cyber risks.
Commenting on the Award, Emmanuel Colchen, Global Sales Director Yarns within BU Beaulieu Engineered Products, said: “This HPR yarn production site reinforces strongly our supply chain security and demonstrates our engagement towards our customers and partners. Our contingency planning and risk management are essential, well-considered elements within our long-term business strategy to demanding sectors such as Automotive and Commercial & Residential floor covering contracts.”
Ideal Fibres & Fabrics Comines is the second facility in the Group to attain HPR status, and the very first in Europe. Pinnacle Polymers LLC in the USA also achieved the HPR as a chemical plant, which is a rare achievement within the chemical business. Fire risk prevention is part of the Group’s broader risk management activities. B.I.G. is investing in increasing the level of protection at all B.I.G. plants in order to protect its business continuity. The divisions of B.I.G. are also implementing a number of safety programmes to raise awareness of workplace safety and to maintain strong safety records.
Karena Cancilleri, Vice President BU Beaulieu Engineered Products, commented: “I am proud of Beaulieu Yarns for achieving the highly-regarded FM Global HPR Award and setting an example for the whole Beaulieu International Group. This positive step reflects the strong commitment of the Engineered Products division and the rest of the Group to improving safety and protecting our workplaces and our production facilities.”