UNIROYAL CHEM-TEXTS
Vol. 5, 1971 | PUBLISHED FOR THE PEOPLE OF UNIROYAL CHEMICAL | No. 5
Construction Started On New $3,200,000 Pretreatment Plant
Nine Months Sales Up
Net income for the nine months ending October 3, was $33,234,000, equivalent to $1.10 per share of common stock compared with $27,852,000 or 92 cents a share for the comparable period last year, an increase of 19.3%. Earnings were equivalent to $1.04 per common share after adjustment for the potential dilution related to the company’s convertible debentures issued in February 1971.
Sales for the nine months totaled $1,277,000,000, a gain of 8% over the $1,183,-000,000 for the same period in 1970.
Net income of Uniroyal, Inc. for the 3rd quarter totaled $7,130,000, equivalent to 22 cents per common share, a gain of 38.6% compared with $5,143,000, or 14 cents per share, reported for the quarter last year. Sales increased 9% to $400,-000,000 compared with
$366,000,000 for the third quarter of 1970.
Net income for the 3rd quarter and 9 months was adversely affected by the following factors: freeze of price increases; wage increase costs prior to the
(Cont’d. on page 3)
Drive Nears $21,000
by Jim Carroll
The United Givers drive to raise $21,000 for the 16 Agencies in the Fund which provide needed services for families in communities in which most employees live is nearly completed.
Employees have pledged $20,260 to date and only $740 is needed to achieve the plant’s goal of $21,000. The average contribution amounts to $21.40 per employee who donated.
(Cont’d. on page 2)
Unions Elect Officers
[PHOTO: Two images showing union officers]
Joe Rzeszutek, left, was elected President. Cy Blanchard, right, Vice President; and Henry Hook, to the Executive Committee.
by T. Lee and F. Mayo
439 URW Local 218 Union members elected new union officers for a 3 year term.
Joe Rzeszutek was elected President for a seventh
(Cont’d. on page 3)
Charles Roland, right, new 308 President is congratulated by Rocco Manulla, left, Art Calder, right, and Frank Sordi.
by Walt Tabaka
URW Local 308 members elected Charles Roland, President for a three year term. Also voted into office were Rocco Manulla, Vice-Pres-
(Cont’d. on page 3)
by Dick Shaw
Quietly along the Naugatuck River bank, opposite the Synthetic plant, construction of the new $3,200,000 liquid waste pretreatment plant is making rapid progress. Completion is scheduled for the Fall of 1972.
The facilities will pretreat 3,000,000 gallons of waste water a day for discharge into the Boro of Naugatuck’s water pollution control plant for secondary biological treatment. After treatment at the Boro’s plant, the water will be discharged into the Naugatuck River which is classified “C”, and suitable for fish, game and wildlife.
The steel superstructure for the Operations Building is complete and work has started on the interior of the building which will serve as the operational center for the pretreatment facility. A waste water collection pipeline, encased in solid concrete to prevent upheaval and breakage during high water periods, has been installed at the base of the river bank. This pipeline will connect the plant’s discharge outlets to a new pump station currently under construction near the south yard sewer outfall.
Foundations for the two 82 ft. diameter clarification
(Cont’d. on page 3)
[AERIAL PHOTO: Shows pretreatment plant construction site]
The Pretreatment plant occupies an acre of land near the Synthetic reactor area along the Naugatuck river.
987 Join Stock Plan
by Jack Dunn
987 Chemical Division employees exercised their options to participate in the third stock purchase plan for Uniroyal employees.
These employees elected to purchase 59,617 shares of Uniroyal common stock by 46 payroll deductions over the next 2 years.
The purchase price of the stock was $19.3125.
The enrollment figure represents 61% of the Chemical division employees at the Naugatuck location.
18,000 Uniroyal employees
in the U.S. and Canada joined the plan, electing to purchase over 800,000
(Cont’d. on page 4)
[PHOTO: Construction site view]
The $3,200,000 facility will be completed by the Fall of 1972.