Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. SGS AG
  6. News
  7. Summary
    SGSN   CH0002497458

SGS AG

(SGSN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SGS : California, USA, Regulates PFAS in Juvenile Products

10/13/2021 | 01:22am EST
The US state of California has approved measures to restrict PFAS in juvenile products for infants and children under the age of 12 years. The restrictions will become effective on July 1, 2023.
SAFEGUARDS | Toys & Juvenile ProductsNO. 139/21

On October 5, 2021, the governor of the US state of California signed AB 652 into law to restrict PFAS in juvenile products. The new law adds new Chapter 12.5 (commencing with Section 108945) to the state's Health and Safety Code under Part 3 of Division 104.

According to the definitions in the new law, perfluoroalkyl and polyfluoroalkyl substances (PFAS) and juvenile products have the following meaning:

  • Perfluoroalkyl and polyfluoroalkyl substances (PFAS) means a family of fluorinated organic chemicals containing at least one fully fluorinated carbon atom
  • Juvenile products means a product for use by infants and children under 12 years of age, including but not limited to, a baby or toddler foam pillow, bassinet, bedside sleeper, booster seat, changing pad, child-restraint system for use in motor vehicles and aircraft, co-sleeper, crib mattress, floor playmat, highchair, highchair pad, infant bouncer, infant carrier, infant seat, infant sleep positioner, infant swing, infant travel bed, infant walker, nap cot, nursing pad, nursing pillow, playmat, playpen, play yard, polyurethane foam mat, pad or pillow, portable foam nap mat, portable infant sleeper, portable hook-on chair, soft-sided portable crib, stroller and toddler mattress

Highlights of the new law are summarized in Table 1.

California AB 652 (Chapter 500) 2021-2022 Session
Product Safety: Juvenile Products: Chemicals: Perfluoroalkyl and Polyfluoroalkyl Substances

Substance

Scope

Requirement

Effective Date

PFAS

Juvenile products for children under 121

Prohibited if either intentionally added that has a functional or technical effect, or ≥ 100 ppm (as total organic fluorine)Prohibited if either intentionally added that has a functional or technical effect, or ≥ 100 ppm (as total organic fluorine)

July 1, 2023

1Exemption:

  • Secondhand juvenile products

  • Internal components of juvenile products that would not come into direct contact with a child's skin or mouth during reasonably foreseeable use and abuse of the product

  • Children's electronic products, including, but not limited to, personal computers, audio and video equipment, wireless phones and handheld devices incorporating a video screen or any associated peripherals

  • Medical devices

  • Adult mattresses

Table 1

SGS offers a range of consulting, training, product development, testing, auditing and inspection services to help you demonstrate that your products are safe, high quality, and that they comply with the strict regulations that are enforced by markets around the world. In the end, it's only trusted because it's tested. Contact us for more information or visit our website.

For inquiries, please contact:

Dr. Hingwo Tsang
Global Information and Innovation Manager
t: (+852) 2774 7420

Stay on top of regulatory changes within your industry: subscribe to SafeGuardS!

Read more articles for the Consumer Goods and Retail industry

© SGS Group Management SA - 2021 - All rights reserved - SGS is a registered trademark of SGS Group Management SA. This is a publication of SGS, except for 3rd parties' contents submitted or licensed for use by SGS. SGS neither endorses nor disapproves said 3rd parties contents. This publication is intended to provide technical information and shall not be considered an exhaustive treatment of any subject treated. It is strictly educational and does not replace any legal requirements or applicable regulations. It is not intended to constitute consulting or professional advice. The information contained herein is provided "as is" and SGS does not warrant that it will be error-free or will meet any particular criteria of performance or quality. Do not quote or refer any information herein without SGS's prior written consent.

Disclaimer

SGS SA published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 05:21:00 UTC.


ę Publicnow 2021
All news about SGS AG
11/30SGS : Lourdes Martín Appointed to EFRAG Sustainability Expert Working Group
PU
11/30SGS : New Chemical Testing Lab Opens in Qingdao
PU
11/30SGS : We are a Notified Body for the EU Medical Device Regulation
PU
11/29SGS Opens Skincare Testing Lab in Hong Kong
MT
11/29SGS : New Skin Care Clinical Testing Laboratory Opens in Hong Kong
PU
11/26SGS : A New Approach to Hospitality – Hospitality Excellence
PU
11/26SGS : Mercosur Revises Food Contact Resolutions
PU
11/26SGS Buys Majority Stake In Canada-Based Sulphur Experts
MT
11/26SGS : We Have Acquired Sulphur Experts Inc. in Canada
PU
11/26SGS : Driving Value with the SGS Global Innovation Engine
PU
More news
Analyst Recommendations on SGS AG
More recommendations
Financials
Sales 2021 6 334 M 6 869 M 6 869 M
Net income 2021 641 M 696 M 696 M
Net Debt 2021 1 934 M 2 098 M 2 098 M
P/E ratio 2021 32,3x
Yield 2021 2,96%
Capitalization 20 814 M 22 574 M 22 570 M
EV / Sales 2021 3,59x
EV / Sales 2022 3,39x
Nbr of Employees 92 143
Free-Float 79,7%
Chart SGS AG
Duration : Period :
SGS AG Technical Analysis Chart | SGSN | CH0002497458 | MarketScreener
Technical analysis trends SGS AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 2 777,00 CHF
Average target price 2 864,26 CHF
Spread / Average Target 3,14%
EPS Revisions
Managers and Directors
Frankie Ng Chief Executive Officer
Dominik de Daniel Chief Financial Officer
Calvin Grieder Chairman
Olivier Merkt Chief Compliance Officer & SVP-Legal
August Franšois von Finck Independent Director