CHEM-TEXTS
Vol. 8, 1974 | Page 3
’73 Sales Set Record; Profits Up Slightly
Sales in 1973 set a new record and net income was slightly higher than the previous year.
Sales exceeded 2 billion dollars ($2,082,691,000) an increase of 15.8% over 1972 and the highest in Uniroyal’s history. Profit was $47,094,000, a 1% increase over 1972. Earnings a share of common stock were $1.58 in 1973, compared with $1.55 in 1972.
4th Quarter Sales and Profits Up
In the 4th quarter of 1973, sales were $537 million, for an increase of 16.6% over the same period in 1972.
Profit in the quarter was $12.1 million, compared with $10.7 million the previous year.
Profit in 1973 was affected chiefly by the price freeze on tires and delays by the Cost of Living Council in granting price relief to cover sharp cost increases in raw materials and
other areas. These factors cost Uniroyal about $10 million in Profit and prevented setting a new profit record in line with sales increases.
Many Lines Improve
The Company’s business improved in many lines in 1973. Among them were radial tires, footwear, Naugahyde, TPR Thermoplastic rubber and rubber chemicals.
New records were set by the Fiber and Textile division and by USCO Services and Computeristics.
Club Sponsors Campership
The Uniroyal Girls Club is sponsoring a 2-3 week Campership summer vacation for a handicapped child with all expenses paid.
Transportation must be supplied by the child’s parents or guardians.
If you know a handicapped child who would be interested, contact Rose Juliano, Ext. 565.
1974 Business Outlook For Naugatuck Chemicals
by John Evans, Sales Manager, Rubber Chemicals
The business outlook for Naugatuck® Chemicals, the trade name for the rubber and industrial chemicals manufactured in Chemical Production and other plants, is especially good at this time. The commodity is in a period where sales are largely controlled by either the capacity to make a product or the ability to obtain the necessary raw materials. Many of our products are on allocation for these reasons.
Worldwide Marketer of Chemicals
1973 was an interesting year as Uniroyal Chemical has moved closer to being a global marketer
of chemicals. Increasing costs, raw materials shortages and emphasis on pollution controls offshore, coupled with the devaluation of the American dollar relative to foreign currencies, has substantially increased the export business.
Waste Affects Business
While it might be reasoned that if business is so good we
Social Security Increased In 1974
On January 1 the maximum annual base for the Social Security tax was increased from $10,800 to $13,200 under a new law passed by the U.S. Congress.
The percent of the social security tax remains at 5.85 but the maximum tax to be paid in 1974 has been increased from $631 to $772.
A person who earns $10,800 or less per year will pay the same amount as in 1973.
An employee who earns more than $10,800 will pay a tax on the amount up to $13,200.
Under the Social Security law the individual’s tax amount is matched by an equal amount from the Company.
AA Meeting Places
Alcoholics Anonymous is a fellowship of men and women who share their experience, strength and hope with each other so that they may solve their common problem and help others to recover from alcoholism.
The only requirement for membership is a desire to stop drinking. There are no dues or fees for AA membership.
The AA holds regular meetings in every town and city in Connecticut. Some of these are open meetings to which everyone is welcome; and some are closed to which only alcoholics may go.
It also sponsors Al-Anon Family Group meetings for the relatives and friends of alcoholics to offer friendship, comfort and hope to the families of alcoholics.
For the teen-age children, relatives, and friends of alcoholics, Alateen group meetings are held, mostly in the larger cities.
The following is a list of the towns in this area which hold AA meetings. The time, place, address, and telephone numbers of these meetings can be obtained by calling the Industrial Relations Department, Ext. 624.
TOWNS: Ansonia, Beacon Falls, Bethany, Bethlehem, Bristol, Cheshire, Derby, Hamden, Meriden, Middlebury, Naugatuck, New Haven, Newtown, North Haven, Oakville, Orange, Plymouth, Prospect, Seymour, Shelton, Southbury, Southington, Thomaston, Wallingford, Waterbury, Watertown, West Haven, Wolcott, and Woodbury.
Breen’s
The Biggest Little Store In The Country
Visit our four floors of famous brands for him and her
Ladies’ Dept.
Couture Coats
Tanner Dresses
Vanity Fair Lingerie
Joyce—Naturalizer Shoes
Men’s Shop
Manhattan Shirts
Botany Suits—Sport Coats
H. Freeman Suits
London Fog Rainwear
Florsheim Shoes
Jaymar Slacks
Lingerie Shop
Vanity Fair
Olga—Barbizon
Schrank Robes
Shadowline
Jr. Sportswear
Collegetown Sweaters
White Stag—Skirts, Slacks
Davis Coats
Peerless Sportwear
Ski Boutique
Ski Jackets
Warm-Up Slacks
Ski Pants
Ski Sweaters
Gloves & Sweaters
Cosmetic & Jewelry Dept.
Guerlain — Yves Saint Laurent
Elizabeth Arden — Monet
Nina-Ricci — Napier
Chanel — Marvella Pearls
[PHOTO CAPTION:]
John Evans, Marketing Manager for Naugatuck Chemicals and Industrial Chemicals, and former Factory Manager, points to Naugatuck on map of world. Rubber chemicals manufactured here are now shipped to a global market.
can afford to let up a little in our efforts, this would be a serious error in reasoning. With raw material and energy shortages and increasing costs, it is essential that we increase our efficiency, yields, and minimize off-specification production. Every pound of raw material must be efficiently converted to a saleable finished product. Waste must be eliminated.
The unreliability of raw material supplies, along with varying customer needs, will undoubtedly upset production schedules. We must accept these changes as an everyday procedure during this hectic period. Flexibility is the key to success.
his customers the best will be a long way up on competition when the situation eases up.
It is very important that when we make commitments to supply a customer a certain quantity on a certain date that he gets this material. I’m sure you realize from your own experience the frustration of promises not kept.
These are exciting times. They demand the utmost in ingenuity and planning and total follow through by everybody to get products produced and sold. From my close associations with the people of the Naugatuck plant, I am confident that we can meet these challenges.
Must Keep Our Word
Another factor to remember is that the shortages won’t last forever. The supplier that treats
’74
Take stock in America.
Chittenden Insurance Agency, Inc.
Insurance—Mutual Funds—Real Estate
180 Church Street
Naugatuck, Connecticut
Tel. 729-8209
Frederick D. Zonino | Nathan M. Pierpont, Jr.