UNIROYAL CHEM-TEXTS
Vol. 11, 1977 | PUBLISHED FOR THE PEOPLE OF UNIROYAL CHEMICAL | No. 1
Hospital Approved | Sales and Profits Up in the Fourth Quarter
[IMAGE: Black and white photo of a building]
The present Plant Hospital occupies the right side of Bldg. 47. The new hospital will occupy the entire first floor of the building.
by Victor Alves
The Capital Appropriation Committee of the Company has approved the expansion of the Plant medical facilities in Bldg. 47. It will be expanded from 800 to approximately 2400 square feet. The building became available when the Roylar Pilot Plant closed down with the construction of the new Roylar unit.
A Major Medical Improvement
Process equipment, pipelines, and fixtures will be stripped from the building and construction work begun shortly after. Plans call for a waiting room, nurses station, doctor’s office and examination rooms, minor treatment area, conference room, laboratory
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The fourth quarter sales for the Company increased 13% in 1976 to $633 million from the $563 million in the 4th quarter of 1975.
Net income rose 292% to $20.0 million, or 71¢ a share of common stock, from the $5.1 million or 14¢ a share in the last quarter of 1975.
Sharp Rebound
The fourth quarter was a sharp rebound from the strike-affected second and third quarters of 1976. The gain resulted from increased demand, improved operating efficiencies and marketing reorganizations.
Club Offers $500 Award
The Uniroyal Chemical Management Club is offering a $500 scholarship award. Fifty dollars of the scholarship comes from the Larry Monroe Fund.
The scholarship is available to a graduating high school student who plans a college education. To qualify, one of the student’s parents must have worked for Uniroyal Chemical at Naugatuck or Bethany for two years or more and be an active employee. The fund is supported by the dues of the club’s members.
Applications for the scholarship may be obtained personally from the Industrial Relations Department or by a telephone call to Constance Antrum, Ext. 3217.
April 15, Final Date
The application must be returned to William Broden, Chairman of the Scholarship Committee, on or before April 15, 1977. The other members of the committee are Vincent Rooney and
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Sales Higher in 1976; Profits Down for Year
Sales in 1976 were $2.3 billion compared with $2.2 billion the previous year, with the increase due essentially to inflation. Net income was $20.1 million, or 57 cents a common share, compared with $23.0 million, or 68 cents a share in 1975. Improvements realized in the first and fourth quarters were offset by declines due to the strike in the second and third quarters of the year.
Tire Sales Improve
In the fourth quarter Tire and Related Products sales were $382 million compared to $331 million in the fourth quarter of 1975. For the year, Tire Division sales were $1.330 billion or 57% of the total
Company sales in 1975.
Chemicals, Rubber and Plastics
Chemicals, Rubber and Plastics sales for the fourth quarter were $79 million compared with $73 million in the 4th quarter of 1975. The gain was due to increases in rubber chemicals, specialty rubbers and natural rubber. For the year, these sales were $330 million or 14% of total company sales as compared to $271 million in the prior year.
Industrial Products
The Industrial Products category also gained in the final quarter, rising to $92 million from $85 million in sales the previous year.
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Salzman Appointed Chemical President
Flannery Made V.P.
[IMAGE: Photo of Sheldon R. Salzman]
Sheldon R. Salzman has been named President of the Uniroyal Chemical Division. He succeeds Joseph P. Flannery, who was appointed an Executive Vice-President of Uniroyal, Inc.
From 1970 to 1972 Salzman was Factory Manager of the Naugatuck Chemical plant.
Joined Chemical Plant in 1955
He joined Uniroyal Chemical
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[IMAGE: Photo of Joseph P. Flannery]
Joseph P. Flannery, formerly President of the Chemical division has been named an Executive Vice President—along with Andrew McNeill—of Uniroyal, Inc. In his new position Flannery will
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Dividend Declared
The Company declared a quarterly dividend of 12½ cents a share on the common stock payable March 25 to stockholders of record on February 22.
It also declared a dividend of $2 on the preferred stock, payable on March 25 to stockholders of record on February 22.
LVBI Made in FOC Building
[IMAGE: Photo of three workers reviewing documents]
James Garrigan, Plant Engineer; Robert Cronin, Foreman of the Bldg.; and Andrew Clock, Process Engineer, review the flow sheet for process changes to make LVBI wet-cake to meet a customer’s requirements.
The first batches of LVBI, a chemical adhesive for tire sidewalls, was made in the new $5,000,000 FOC plant (Bldg. 174). At present the chemical is made primarily for Uniroyal plants but the Marketing Dept. foresees a potential growth for the product outside the company. LVBI is new business for the Chemical plant.
The FOC plant is presently op-
erating on a 5 day week schedule; 3 shifts; and employs 6 Production people and 5 Chemical Maintenance people.
Naugard 445 to be Made
Another chemical that will be made in the FOC Bldg. is Naugard 445, a very low stain antioxidant used in plastics to prevent discoloration caused by ex-
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