MATERIAL SCIENCES: Has $1.5M Environmental Reserves as of Aug.31

Material Sciences Corporation’s environmental reserves were about US$1.5 million as of Aug. 31, 2008, compared with US$1 million as of Feb. 29, 2008.

The Company has estimated its range of exposure for all known environmental liabilities from US$1.4 million to…

MATERIAL SCIENCES: Remains Potentially Liable for Chicago Unit

Material Sciences Corporation is still named a potentially responsible party for allegedly sending certain waste from its Elk Grove Village facility to the Lake Calumet Cluster Site in Chicago, Ill.

In November 2003, the Company, along with many other companies,…

MATERIAL SCIENCES: Pinole Point Remains Under Investigation

Material Sciences Corporation’s previous facility at Pinole Point Steel is still under investigation for possible soil and groundwater contamination.

In May 2002, the Company sold substantially all of the assets of its Pinole Point Steel business.

In December 2004, the purchaser…

MATERIAL SCIENCES: Reserve for Gary, Ind. Site Remains at $1.2M

Material Sciences Corporation reports in its latest Quarterly Report on Form 10-Q that as of Aug. 31, 2008, the reserve remains at US$1.2 million for the Company’s allocated share of remaining costs at its Gary facility in Indiana.

The Company has…