North Carolina
Industrial Commission

MEMORANDUM

TO:         All Interested Parties

FROM:   Chairman Buck Lattimore

DATE:    June 13, 2003

RE:         Jannock Ltd. Workers’ Compensation Claims in North Carolina

               Jannock Ltd. has filed Chapter 11 bankruptcy proceedings in the Federal Bankruptcy Court. Jannock manufactures and markets exterior vinyl products including siding, fencing, decking and garden accessories; manufactures and markets fabricated steel and porcelain products including steel roofing and cladding, wall systems and enamel cladding and panels; and manufactures and markets corrugated steel drainage pipes, storm sewer pipes, highway guard rails, signs, steel containment products for the storage of grain, fertilizer and petroleum products, and corrugated plastic pipes.

Jannock appears to have less than one hundred active workers’ compensation claims in North Carolina. Jannock is self-insured for workers’ compensation insurance claims in North Carolina for a limited period from October 1, 1992 to June 30, 1995. Our current understanding is that Jannock will continue to process and pay claims arising from the self-insured period despite the bankruptcy proceeding. Jannock was insured for all other periods of operation in North Carolina.

            Claimants should not experience any inturruption in processing claims or payment of benefits. If any claimant should experience difficultly, especially if continuing compensation benefits are not paid timely, notify the Industrial Commission immediately. Questions or concerns regarding Jannock claims should be directed to: Stephen T. Gheen, Chief Deputy Commissioner, 919-807-2540 or gheen@ind.commerce.state.nc.us. Due to the volume of inquiries, email communication is requested if possible, though not required.

The Industrial Commission website (www.comp.state.nc.us) will be updated as needed with additional information.