National Gypsum’s new fund

National Gypsum has agreed to set up a US$347mn fund to compensate those who developed asbestos related illnesses after 1993. A US$400mn trust fund to cover claims was set up at that date as part of bankruptcy proceedings. The new fund will incorporate US$100mn from the 1993 fund and US$75mn from insurers. Approval by claimants and the bankruptcy court is awaited.