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Uniroyal Chem-texts
Vol. 9, 1975
No. 5
Fife and Drum Corps Promote Safety
The Naugatuck Fife and Drum Corps gave a lift to safety in the plant by marching from the Main Entrance to Bldg. 18 Locker Room and playing a brief musical revue.
Slight Income Gain
Shown in Third Quarter
The Company’s third quarter net income was $7,137,000, a slight gain over the $7,097,000 for the third quarter of 1974. Sales for the third quarter were $209,508,000, down 6.6% from $224,159,000 in the same period last year, a decline of 6.5%.
Despite the decline in sales, improvements in the world-wide tire operations, and lower interest costs attributed to reduced borrowings and interest rates, enabled the Company to maintain a level of profit in the third quarter comparable to last year.
Nine Months Sales and Income
For the first nine months, sales declined 5.9% to $1,628,000,000 compared to $1,732,682,000 last year. Net income for the nine months was $21,809,000 or 68 cents per common share, compared with $32,270,000 or $1.27 per common share last year, a decline of 32.4%.
Nine months sales and income reflected the overall economic recession which had its severest effect in the first quarter of 1975 when profits were down 70%.
On a quarter-to-quarter basis, the Company has been able to make steady improvement, largely through cost reduction programs and manufacturing efficiencies.
Plant’s United Fund Goal $17,500
The goal for the 1976 United Fund drive, which is conducted throughout the plant annually, has been set at $17,500. Daniel Shantz has been named Chairman for the campaign to raise funds for the sixteen agencies which provide a wide variety of services to meet the social needs of the people in the community.
Chemical People
Generous Contributors
The Naugatuck Chemical plant has topped its UF goal for four consecutive years. Last year it topped the goal with pledges of $20,055.
Dividend Declared
A 12% cash dividend on the Uniroyal common stock was declared and is payable December 30, 1975 to record November 24.
Productivity Vital for Economy
(The following is a speech by J. David Berets, Uniroyal President, to the International Institute of Synthetic Rubber Producers in Brazil)
Improved productivity is vital if the industrial world is to grow and prosper in the 21st century. The time to start productivity improvement is now and the place to with every resource under our industrial control.
An Uneveloped Resource
Productivity is our biggest undeveloped resource. Unfortunatly, the word has gained a connotation of “speed up” or “cheaper labor” or even intimidation by various forms of pay through automation.
In essence, it is a concept which expresses the relationship of output — the quantity or value of goods or services produced — versus input, which is the quantity or value of raw materials, energy, labor, capital and other resources required to produce.
We must begin to conserve and optimize the use of all the resources we have been charged to manage. As raw materials, manpower and energy costs continue to escalate, as interest rates rise and the availability of capital declines, the need to improved productivity becomes increasingly critical.
Cooperation is Needed
More attention and study must be given to responsible labor-management communications, and to the development of innovative management systems which employ participative plant management, and to more efficient marketing techniques…
Of all the major industrial countries in the world, the United States is the lowest in productivity improvement and growth.
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