Neches Intersection Shipyard, Inc., which is no longer active, was formed as a domestic for-profit corporation in the State of Texas. According to official documents, this company was formed on February 24, 1972. Because of its high fire resistance and sound absorption, asbestos has long been employed in the shipbuilding industry. It was utilized to insulate engines, boilers, steam pipes, and exhaust pipes, and it might be found wrapped around them. It was even put into the paint that was used to cover several of the vessels. Asbestos fibers may become airborne when disturbed, and can then be inhaled and lodged in the lining of the lungs. Lung cancer, asbestosis, and mesothelioma are only a few of the diseases caused by asbestos exposure.