UNIROYAL CHEM-TEXTS
Vol. 5, 1971 | PUBLISHED FOR THE PEOPLE OF UNIROYAL CHEMICAL | No. 4
$6000 Awards Offered
10 Uniroyal scholarships will be awarded to children of employees—with five or more years of continuous service—who attain the highest finalist qualification in the annual scholarship competition conducted by the National Merit Scholarship Corporation.
Scholars are chosen on the basis of scholastic aptitude, leadership and good citizenship. The Company plays no part in the selection of the scholars.
No Application Required
Eligible high school students must take the new combined
(cont’d. on page 2)
Profits; Sales Up
Chemical Sales Off
Net income for the Company increased 18.1% for the second quarter of 1971 compared with the second quarter of 1970.
Sales for the quarter set a new record of $464,161,000, a gain of 6.3% compared with the previous record of $436,714,000 set last year.
Net income for the quarter was $15,554,000 equivalent to 53 cents a share of common stock, compared with $13,170,000 or 46 cents a share, reported for the second quarter of 1970.
Sales for the first six months of 1971 also set a record of $877,327,000, a gain of 7.3%
(cont’d. on page 3)
Plant Safety Record Marred By Injuries
Since July 10, a rash of accidents occurred in the plant when 21 employees were injured in an 8 week period. Twelve were lost time accidents in which employees required Hospital treatment; the others were serious injuries requiring treatment by the plant nurses.
This series of accidents took place only a month after the plant received an Award of Merit from the National Safety Council for its “noteworthy safety performance” in 1970 when lost time accidents dropped to 6 from 24 the previous year.
1971 Started Well
1971 started as a safe year. From January to June, only 3 employees were injured in lost time accidents and 36 suffered serious injuries. The incidence of serious injuries remained at the same level as in 1970 when 33 serious injuries happened for the same 6 month period. Although this was no significant improvement, it nevertheless showed no major increase in this type of injury.
Pilot Plant Explosion
The explosion in the Chemical Pilot Plant, Bldg. 72 was the most serious to befall the plant in several years. A 20 gallon reactor exploded, causing a flash fire in the building and extensive damage to the piping and equipment. The heat of the fire opened up the sprinkler system flooding the area with water. It was the alert action of Chris Owens, who narrowly escaped injury from the blast, and Al Grella, that was greatly responsible for extinguishing the fire and preventing greater damage to the area.
One employee was seriously burned with 3rd degree burns over 20% of his face and chest
(cont’d. on page 4)
Explosion ripped interior walls of Pilot Plant; shattered windows; and tore hole in roof. The structural steel framework of the building was not affected
The explosion occurred in small 20 gallon reactor shortly after a sample was taken.
Employees Clean-Up River
by Bob Van Allen
Five Uniroyal Chemical Employees recovered 75 discarded tires from the Naugatuck River during “Clean Up” week.
The Clean-Up started when Stan Korpusik and Frank Lynch of the Materials Department toured the river’s banks from Waterbury to Beacon Falls to locate the tires thrown into the river.
For three days Joe Trangle, Vladas Krakauskas and Adnell Lee covered a 20 mile area to pick up the tires and truck them to the Reclaim plant.
GIVE “WHERE YOU WORK”
Materials department group points to discarded tires recovered from the Naugatuck River. From left are Stan Korpusik, Joe Trangle, Vladas Krakauskas, and Frank Lynch. Not present was Adnell Lee.
Vladas Krakauskas cautiously wades the river to recover 75th tire. Ready to offer assistance on bank was Pat Barriault.
Dividend Declared
Uniroyal declared a dividend of 17 1/2c a share on the Company’s common stock. The dividend was payable Sept. 25 to stockholders of record Aug. 23.
The Company also declared a dividend of $2 a share on the 8 percent first preferred stock. It was payable Sept. 25 to stockholders of record Aug. 23.