Document 1QqLkRyBQXJ0zyeoe4rdzrpdj

Of Common Stock Ethyl Buys One Million Shares The Company has purchased approximately 1 million shares of its common stock as a result of a stock tender offer announced to share holders on March 4. The offer, which was made at S46 per share, expired at 6 p.m. (East ern Standard Time) March 22. Under the terms of the offer, shareholders either could have sold their common stock to Ethyl, or converted their $2.40 Series A cumu lative second preferred to common stock, and then sold it to Ethyl. March 3 On March 3, which was the last trading day prior to announcement of the offer, the last reported sale price on the New York Stock Ex change was 43% for the common stock. For preferred, 56'/ was the last reported sale price--on March 2. According to figures on April 1, the Com pany acquired more than 897,000 shares of common stock and approximately 94,000 shares of preferred. Ethyl purchased about 9.8 percent of its outstanding common stock and about 6.5 percent of its outstanding pre ferred. More than 875 shareholders tendered com mon stock and nearly 675 converted and sold their preferred stock. April 1 On April 1, the Company had 8,229 share holders who owned common stock and 4,362 who held preferred. There were 8,195,493 outstanding shares of common stock and 1,313,961 outstanding shares of preferred. Board Chairman, F. D. Cottwald, Jr., on March 4 said: "Ethyl is seeking to purchase its common stock primarily to offset future dilution from conversion of the outstanding shares of convertible preferred stock. Con version of a significant number of such shares has become more likely as the common stock dividend rate has increased." Tredegar Becomes Historical Landmark 0facials from Ethyl, members of the American Society for Metats and focal community leaders surround bronze plaque designating the Tredegar Iron Works as an ASM National Historical Landmark. To the right of the plaque are: (left to right) F. D. Cottwald. Sr.; Rex C. Early Irom the ASM; Roy E. lohnson and loseph M. Lowry, retired Ethyl senior vice president. To the left of the plaque are: Dr. Raymond L. Smith of the ASM; former Rich mond Mayor Thomas J. Bliley, lr., and several other ASM local members. Tredegar Project Gets ASM Award The American Society for Metals (ASM) has selected Ethyl's historic Tredegar Iron Works in Richmond as an ASM National Historical Landmark. A bronze plaque commemorating the con tribution made by Tredegar to the develop ment of the nation was presented to F. D. Cottwald, Sr., vice chairman of the board, on February 9 at the restoration site. The plaque was presented by Dr. Raymond L. Smith, a national ASM trustee and president of Michigan Technological University. In scribed on the plaque is the following: Chartered in 1837, Tredegar Iron Works was a major supplier of armament to the Confed eracy during the Civil War. The foundry cast more than 1000 cannons for Lee's Troops, and the rolling mills turned out heavy iron plates lor Confederate Naval vessels, including the Merrimac, the world's first armored warship. In accepting the plaque, Mr. Cottwald noted: "We are pleased to be presented with this honor. When we first started work on it, we considered it an honor just to work on such a project." He praised Roy E. Johnson, properties man ager in Richmond, for the amount of work he (Continued on Page Eight) r"-~-----... ............. * Dividends Are Increased f The Board of Directors February 24 ' declared regular quarterly dividends of 40 cents a share on the common stock, : $1.50 a share on the 6% preferred stock and 60 cents a share on the $2.40 second t convertible preferred stock of the corpo. ration. >:. All dividends were payable April 1 to l shareholders of record March 7. ETC 17234 Vo). 15 February-March 1977 No. 1 Published bi-monthly for the approximately 16,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Public Relations depart ment, 330 South Fourth Street, Richmond, Va. 23219. Edited by . ROB BUFORD and RAY KOZAKEWICZ ETHYL CORPORATION F. D. GOTTWALD, )R. Chairman oi the Board BRUCE C. GOTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK ). McNALLY T teasurer CONTINUING ENERGY PROBLEMS The severe shortages of natural gas and other fuels in many parts of the U.S. this winter have taught Americans a harsh lesson-- America has grown complacent regarding conservation of energy. It appears that many of us failed to take seriously the warning signs in late 1973 and early 1974, when gasoline shortages were experienced. Much discussion was held, some temporary con servation occurred, but no concrete national energy plan was adopted. If anything, more controls were placed on industry, restricting their exploration efforts with such measures as price controls. The American Petroleum Institute recently reported that dur ing 1976 the U.S. used more oil and bought more foreign oil than in any previous year. API estimated average daily demand for petroleum products at 17.4 million barrels during 1976. Imports provided 17.3 mil lion barrels, or 42 percent. The previous demand peak, 17.3 mil lion barrels a day, occurred in 1973. This demand dropped to 16.7 million barrels daily in 1974 and 16.3 million in 1975. But more importantly, API reported that in the period from 1971 to 1975, U.S. proven reserves of crude oil decreased by 6.3 billion barrels, while proven reserves of natural gas dropped by 62.5 trillion cubic feet. These figures include the large oil gas reserves in Alaska's Prudhoe Bay Field. These figures are quite alarming in view of the emergencies in a number of states this past January and February. API and others have put forth a number of proposals. These include: (1) Encourage every citizen to conserve all forms of energy in every practical way (2) Move ahead rapidly to find and develop the large potential reserves of oil and gas believed to exist in Alaska, off the U.S. coasts and elsewhere. (3) Speed up the development of supplemental energy sources. The hour grows late for the U.S. to solve its energy problems. Industries must be given the freedom to move ahead rapidly to develop present and new energy sources. GREAT DISCOVERIES Three Ethyl products or processes were listed last year in the American Chemical Society's listing of the great discoveries of the last 100 years. These were the discovery of tetraethyl lead as an antiknock agent in 1922, a cell for producing sodium and chlorine from molten sodium chloride in 1924 and the extraction of bromine from seawater in 1934. Ethyl is proud of its contribu tions to the development of modern chemical technology. PACE TWO newscope1 At Sp Dr. Ellis B. Rifkin, associate director--petroleum chemicals goes' research at the Detroit Research Laboratories, has been anno elected to a six-year term on the board of directors of the C. C Combustion Institute. ing 1 f slow "It said, The 1977 chairman of the Baton Rouge Section of the one American Institute of Chemical Engineers (AlChE) is Dr. Cecil whe; P. Loechelt, process design, R&D, Baton Rouge. In addition, torie Dr. John W. Hudson, also of process design, serves on the elec: section's executive committee. the start AAA cont M For the third consecutive year. Ethyl's VisQueen film prod plot ucts plant in Fremont, Calif., co-sponsored a Dial-a-Santa project along with the Fremont and Newark, Calif., Jaycees. Serving as chairman this year was Rick Hendrick. in s aero pros are + Donald L. Robertson, supervisor-public relations at the Baton Rouge Plant, was king of the Baton Rouge Desk & Derrick Club's 16th annual Mardi Cras Ball in January. Chosen King of the Knights of Columbus Council No. 970 Mardi Cras Ball in Plaquemine, La., during February was Billy Williams, also of the Plant. bus Divat ( to Y wot iars + +- h bot Elected president of the St. Louis (Mo.), Toastmaster's Club if \ was Ray Tauser, a sales representative for the pipe products fine N division. cor pet yea William J. Egan, plant engineer at the Aluminum Croup's mu William L. Bonnell facility, Newnan, Ga., for seven years, has recently transferred to the Baton Rouge Plant as project co ordinator--engineering. U.S dot less bet *+. 5New officers for the Columbia County (Ark.), United Fund include two Ethyl employees from the Magnolia chemical plant. Aubrey Groves, purchase and traffic manager, is trea surer and Diane Branum, junior accounting analyst, has been elected secretary. Gerry Jones, plant controller, is the out going United Fund president. 19: inc ert -f an' is i Jean L Wouters, manager--employee relations and ad $7 ministration at Ethyl S. A. in Brussels, has been named $6 deputy member of the Belgian chemical industry's national tin commission for industrial relations. The commission mem for bers are appointed by the King of Belgium on the recom Bo mendation of the Federation of Chemical Industries. or t- $5 in< In Ethyl International Group's petroleum chemicals division 26 W. F. Carter has been promoted to regional product man co ager--Europe. He will continue to be located in Bator Rouge. "F fo -f -f OC of Joyce Lambert, patents, Baton Rouge Plant, recently re Ye corded a 45-RPM record of two religious songs she alst wrote. The songs are entitled "Sweet Mary" and "Jesus." Or ETC 17235 ETHYL REPORTP At Management Club e 1976 Is Reviewed in B.R. nemicals as been -s of the of the Dr. Cecil lddition, s on the m prod-a-Santa Jaycees. Speaking before some 450 members and guests of the Baton Rouge Management Club's annual conference January 17, President Bruce C. Cottwald reviewed Ethyl's operations dur ing 1976, a year beset by the uncertainties of slow economic recovery. "It bothers businessmen," Mr. Cottwald said, "when things aren't moving strongly in one direction or another. I don't know whether it was the fact that we rebuilt inven tories to a satisfactory level, or what part the election may have played. But it wasn't until the last two months of the year that things started to turn back up again. Let's hope that continues," he added. Mr. Cottwald praised Baton Rouge em ployees for their "remarkable improvement" in safety performance. "We have mounted across the Company an intensive effort to im prove safety," he said, adding that the results are beginning to show. Turning to Ethyl's manganese antiknock compound (MMT), Mr. Cottwald cited heavy orders for the product. "Suddenly the oil companies have gotten extremely interested in manganese, and we are short on produc tion." He added that the Company has a new MMT plant going into production soon at Orangeburg, S.C. "That's going to be a big help," he said. In addition, Mr. Cottwald up dated the group on Baton Rouge construction plans for MMT. "The problem with introducing a new anti knock today," he pointed out, "is that you have to satisfy so many demands." at the Desk & lanuary. No. 970 ary was r's Club products Croup's ears, has >ject co 'Highlight' "The highlight of the year in terms of Ethyl's business was the sale of the Oxford Paper Division," Mr. Cottwald said. "We took a look at Oxford's future capital requirements, and to have the division grow with the economy would have taken hundreds of millions of dol lars," he explained. He added that "under those conditions, both Oxford and Ethyl would be better off if we sold the division. Oxford is with a fine company now--Boise Cascade." Noting how difficult it was to forecast market conditions during 1976, Mr. Cottwald said the petroleum chemicals division had "a fabulous year." It was difficult to predict, he said, "how much growth there was going to be in the U.5. gasoline market. The rate of the phasedown in the use of lead in gasoline was much less than anyone had expected. Business was better than anyone had dreamed." Conslruet/on of MMT plant last fall in Orangeburg "Ethyl of Canada had a few problems last year," Mr. Cottwald said, adding that lead de mand was down somewhat. "The good news up there, though, is that they are working with the industrial chemicals divisions and R&D to develop a new chemical intermediate for drugs. That has turned out to be a nice piece of business," he said. Citing slackened economic conditions abroad, Mr. Cottwald described some of the problems encountered by the International Croup throughout the year. Inflation and a ed Fund hemical Sales Establish All-Time Record . is trealas been The Company reported January 19 that its the out- 1976 sales established a new record while net income rose 13% and earnings per share in $1.42 a share, for the same 1975 period. Pershare earnings for the fourth quarter increased 15%. Income from continuing operations for creased 18% and were the second highest for the fourth quarter of 1976 totaled $15,721,000, any year in the company's history. The report or $1.64 a share, compared with $11,817,000, is based on preliminary figures. or $1.19 a share, for the fourth quarter of 1975. and adnamed Net income for 1976 was $69,080,000, or S7.18 a share, compared with $61,004,000, or national 56.09 a share, for 1975. Income from con n memrecomes. tinuing operations, which excludes Ethyl's Ox ford Paper Division, sold on April 26, 1976, to Boise Cascade Corporation, was $69,120,000, or $7.18 a share, up 20% from $57,554,000, or S3.72 a share, for 1975. On a per-share basis, income from continuing operations increased division, 26%. Income and earnings per share from ict man- continuing operations were all-time records. n Baton Net sales for 1976 totaled $1,135,412,000, up 22% from $930,102,000 for 1975. Net sales Income from continuing operations rose 33% for the fourth quarter while the earnings-pershare increase was 38%. If Ethyl's convertible preferred stock were converted into common stock, net income would have been $6.26 a share for 1976 and $1.44 a share for the fourth quarter. F. D. Cottwald, Jr., chairman of the board, said: "We are particularly pleased with our 1976 results. Our domestic chemicals, plastics and aluminum operations were all up quite substantially for the year. Our international for the fourth quarter of 1976 were $289,283,- markets continued to be weak in 1976 largely 000 versus $244,364,000 for the same period because of slow economic recovery, princi of 1975, an increase of 18%. Sales for both ently re- years exclude those of Oxford Paper. she also Fourth-quarter net income was $15,721,000, lesus." or $1.64 a share, up 12% from $14,003,000, or pally in Western Europe. We are optimistic for 1977, and anticipate equaling or exceeding our minimum target of 10% earnings growth during the year." RIPORTEl HBRUARy.MARCH 1977 (Lett to right) Bill Strawbndge, president of Baton Rouge Management Club; Robert Schmidt, manager-employee relations at the Plant, who introduced Bruce Cottwald; Mr. Cottwald, and Robert Wilson, conference chairman. weakened British pound, in particular, created problems of currency exchange for the group. He said that " in the last few week, things have started to look up, and the pound is firmer." Likewise, the Edwin Cooper Division "has been affected much the same as Interna tional," he noted. The industrial chemicals division's sales were "up substantially over the previous year," Mr. Cottwald reported. "Today, we have a good feel for where we are headed. We are on good, solid ground," he said, through a combination of "super R&D effort" and "our commercial divisions adding strong positions wherever they operate." Both the Aluminum and Plastics Croups "got back in good, strong, growing trends," Mr. Cottwald said. "Aluminum did .surprisingly well despite a poor construction market, he noted, while "Plastics finally came out of that terrible 1975." He said IMCO was "one of the stars of this performance, with terrific growth in both sales and earnings." 'Good Ship*' "The molding group, and metals in par ticular, have done well," Mr. Cottwald said. He added that the dispensers group "have their pump business in good shape now," in the wake of the aerosol propellant contro versy. Turning to the future, Mr. Cottwald pointed out that there is "not a great deal of change from what I envisioned last year this time. It looks better," he said, "I think our five-year forecasts and our budget system get remark ably better each year. I'm very proud of what we are doing there," he added. Mr. Cottwald called for internal capital in vestment over the next five years of between $600 and $700 million, saying that "this is a big program, even when you add inflation to it. 1976 was a big year for us. We spent over $90 million on internal projects, and we thought that was breathtaking until we had a hard look at 1977, which could run to $140 million. "That's why," Mr. Cottwald explained, "I have an awful lot of confidence in the work you fellows are doing. This is not something you say just might bear fruit--it is bearing fruit. I feel very confident about the future of Ethyl Corporation," he said. Mr. Cottwald concluded on a note "outside the line of ordinary business," citing the suc cess of the Special Bicentennial Edition of ETHYL DIGEST. He outlined the publication's history in terms of its planning and circula tion throughout the Bicentennial celebration, calling it "a fantastic job." ETC 17236 PACE THREE Metric System Conversion Is Coming For U.S. Cl Editors' Note: This is the first in a series of articles to help Ethyl employees understand the metric system. It was written by Ted j. Carron, manager-management development and training, Richmond, who represents the Company on the American Petroleum Insti tute's Ad Hoc Task Croup on Metric Con version. Late in 1975, the Metric Conversion Act be came law, establishing for the first time a na tional policy in support of the metric system. Under the new law, a 17-member U. S. Metric Board began providing planning, coordination and public education for the conversion. Although George Washington raised the issue of a new system of weights and measures in his first message to Congress, the United States is the last developed nation to adopt the metric system. The major thrust for conversion has come from business and industry, which have been gradually adopting the metric system during the last few years. Economic incentive was provided by the European Economic Council, which has ruled that all products imported from the U. S. must be made to metric speci fications after January 1, 1978. At least 37 major corporations have announced policies of metric conversion. Other companies are using this transitional period to make their employees more aware of the international system. 'Soft Conversion' If you read the package labels in the super market, you may have noticed that we are already experiencing some "soft conversion." That is, the contents may be listed in both ounces and grams, or in both fluid ounces and millilitres. A one-pound package is still a onepound package, but it is labeled as contain ing 453.59 grams. Once "hard conversion" comes, the container size will change to some even number in the metric system--say 500 grams. You may have noticed other examples of "soft conversion," such as the speedometer of your car. Our present measurement system is little changed from the one the colonists brought from England. It had been influenced by the Babylonian, Egyptian, Anglo-Saxon, Roman and Norman cultures. Ancient digits, palms, spans and cubits evolved into inches, feet and yards through a process that may never be fully understood. The Roman number system, with its base 12, may account for the division of a foot into 12 inches. The divisions were called unciae, and probably both the words "inch" and "ounce" are derived from the Latin uncia, which means "the twelfth part." The yard is said to be derived from a sash that Saxon kings wore around their waists as a convenient tape measure. The Saxon word gird means the circumference of a person's waist. Tudor kings defined a furlong (furrowlong) as 220 yards, which caused Queen Eliza beth I to redefine the Roman mile of 5,000 feet as exactly 8 furlongs or 5,280 feet. The point of this brief history lesson is that the English system lacks internal consistency and logic. It wasn't planned--it just grew. The main advantage of the metric system is that it is a decimal system, just like our money sys tem. Let's start our first metric lesson by looking at the basic unit of the metric system, the metre. Yes, metre--not meter. This is one of many differences between the old centimetergram-second system you may have learned in your science classes and the new SI system (Le Systeme International d'Unites). The spell ing of these terms may become anglicized during the process of metric conversion. But for the present, it's best to stick with the SI spellings and nomenclature. -40 -20 0 20 37 -40 0 32 water freezes 98.6 body temp. Originally, the metre was intended to be one-ten millionth of the distance between the equator and the pole on a meridian passing through Dunkirk, France. Now it is officially defined as the distance between two lines on a platinum-iridium bar (the prototype metre) preserved at the International Bureau of Weights and Measures in Sevres, France. Other definitions are in multiples of the wave lengths of particular kinds of radiation. The metre is about 39.37 U. S. inches, or somewhat more than a yard. A dekametre is 10 metres, a kilometre 1,000 metres. A centi metre is one-hundredth of a metre, a milli metre one-thousandth of a metre. This chart illustrates how those prefixes work: Moltfoto 10>2 109 10f 105 102 10 Prvfis** tera gig* mega kilo hecto deka SI Prefixes Symbols Mmumv T one trillion times G one billion times M one million times k one thousand times h one hundred times da ten times Et Fortunately, our time system is the same in has - both English and SI. Speed or velocity in pan' the metric system is in units such as metres sod i per second, or kilometres per hour. Thai C brings us to the speedometer on your car. II detf you have one of the newer models, the blue mer speedometer scale is metric. We said earlier corn that a metre is about 39.37 inches, and a kilo app metre works out to about 0.62 miles. So if pha your speedometer reads 100 km per hour, C you are traveling at about 62 miles per hour pov\ Most radio and television stations now give ucts their weather reports in both degrees Fahren and heit and degrees Celsius. A degree Celsius is buil one-hundredth of the temperature difference citrr (TK! 60 80 100 proi I|_____________ _______0 Celsius E: 212 water boils Fahrenheit terg time eva Eth\ pas: between the freezing and boiling points ol and water. pen Note that on the Fahrenheit scale the dis ate tance between the freezing and boiling points CM of water is 180 degrees, which gives us the Ma: relationship that one degree Celsius equals due 1.8 degrees Fahrenheit. And if anyone tells Vyou it is 40 degrees below zero, don't bothei to ask whether it's Celsius or Fahrenheit. The two scales are the same at that point. E Fahrenheit Converaien ma To convert degrees Fahrenheit to degrees cili Celsius, subtract 32 and divide by 1.8. To go sup the other way around, multiply degrees / Celsius by 1.8 and add 32 to get degrees Fahr joir enheit. If you feel comfortable at a room 196 temperature of 68 degrees Fahrenheit, what is at this on the Celsius scale? Subtracting 32, vn cei' get 36, and dividing by 1.8, the Celsius equiv ele< alent is 20 degrees. fro In the next issue of ETHYL REPORTER, thr Un metric measures of area, volume and mass wil be examined. A wallet-size Metric Conversion Card is available upon request from Mr. Carron's office in Richmond. ce< wh Re rm 10-' 10-2 10-3 10^ io-9 10">2 io-15 io-18 deci centi milli micro nano pico femto atto d one tenth of c one hundredth of m one thousandth of one millionth of n one billionth of P one trillionth of f one quadrillionth of a one quintillionth of me Ett- T To give you some idea of the size of the smaller units, a millimetre is about the di ameter of a paper clip wire. Now take out a Lincoln penny and look at the reverse side. The topmost part of the Memorial building is about one centimetre wide. Someday, the housewife will be buying cloth and trimmings by the metre instead of by the yard. The old 9 x 12 foot rug size will give way to a new 3x4 metre size. And that 50-foot length of garden hose may turn out to be a 15-metre length. Safety Recognition C. D. "Chuck" Kramer was one ol a number of Houstu plant employees who was awarded a yellow Ethyl CM lor completing the month of December without an ace dent. Looking on is lohn D. Roper, maintenance superin tendent, who is a member of the plant's Central Safer Committee. In off ati na na nu PACE FOUR ETHYL REPORTfl ETC 17237 I.S. same in ocity in - metres :r. That r car. If :he blue 1 earlier d a kilos. So if ;r hour, er hour, ow give Fahrenelsius is fference is nheit oints of the disg points ; us the . equals me tells t bother eit. The degrees To go degrees es Fahra room what is ; 32, we s equiv- FER, the nass will iversion Mr. Car- I CMOS: New Detergent Product Under Option Ethyl announced March 10 that an option has been taken to license Lever Brothers Com pany's detergent builder, CMOS (the tri sodium salt of carboxymethyloxysuccinicacid). CMOS offers the industry a new organic detergent builder with outstanding environ mental and human safety characteristics, the company said. In addition, it offers a feasible approach to high performance without phos phate. CMOS can be used in both heavy duty powder and liquid laundry detergent prod ucts. In powders, a combination of CMOS and sodium carbonate provides effective building action. In liquids, CMOS like sodium citrate and tetrapotassium pyrophosphate (TKPP) enhances the detergency of these products. Ethyl has supplied intermediates to the de tergent industry for over 10 years, and in that time has done extensive work in synthesizing, evaluating and developing numerous builders. Ethyl has actively worked on CMOS for the past five years and has developed an excellent and straightforward process based on inex pensive raw materials. Ethyl shortly will initi ate a market development program to make CMOS available to the detergent industry. Market development quantities will be pro duced in Ethyl's facilities at Orangeburg, S. C. Williamson Promoted Ed Williamson has been promoted to plant manager at Ethyl s polymer manufacturing fa cility in Tiptonville, Tenn. He had been plant superintendent since lanuary 1975. A native of Baton Rouge, Mr. Williamson joined Ethyl in June 1969 as plant engineer at Tiptonville. He re ceived a B.S. degree in electrical engineering from Louisiana State University in 1960. Mr. Williamson suc ceeds Wayne B. Birch, who has transferred to Research and Develop ment in Baton Rouge. E- Williamson In addition. Jack R. Greer has been pro moted to plant superintendent. He joined Ethyl in 1970. Ethyl will have the right to make and sell CMOS lo others under the license to Lever Brothers' U.S. Patent No. 3,914,297. Purchasers of CMOS from Ethyl will have a royalty-free license under Lever's U.S. Patent No. 3,692,685, which broadly covers the use of CMOS in detergent compositions. Ostrander Retires Roland f. Ostrander (right) is presented a silver plate from William Ludt of refinery technology on behalf of Mr. Ostrander's many friends and associates at a retire ment luncheon in late February. Mr. Ostrander had 36 years of service in a number of assignments in research and development, petroleum chemicals and the Chemi cals Croup, including technical director-PCD and gen eral manager of Ethyl's instrument division. Gifts Are Increased Ethyl's Matching Gifts Plan in 1976 resulted in $19,625 being donated to 114 colleges and universities, the greatest dollar volume in the program's five-year history, T. J. Carron, Chair man-Educational Relations Committee, Rich mond, has announced. Mr. Carron reported that 236 employee gifts were matched by the Company in 1976 and the average donation was $83. This compares to the $18,019 donated last year as the result of 234 gifts, averaging $77, he said. Under the Matching Gifts Plan, Ethyl con tributed sums to one or more eligible institu tions equal to the amounts donated by the employee, up to a maximum annual total of $500. Participation in the plan is open to all regu lar employees of Ethyl and its subsidiaries, and it is not necessary that the employee have at tended the institution to which the donation is being made. Gifts may also be made in the name of a spouse or dependent child. { Houston Ethyl cap jt an accie superin' trai Safety Haw Offlcen In a recent election of the Houston Management Club officers tor 1977, fleft to right} ierry L. Clenn, oper ations, was elected secretary; David L Brown, mainte nance, is the new president; David ft. Bridges, mainte nance, was chosen vice president and Earnest McKelvy, maintenance, was elected treasurer. Eligibility Institutional eligibility is limited to any four or two-year college, graduate or professional school, or technical institute which is (1) either accredited or working toward accreditation by a nationally recognized regional or profes sional association; and (2) is recognized by the Internal Revenue Service as a tax-exempt edu cational institution. REPORTS EEBRUARY-MARCH 1977 Dr. Neher (right} receives award certificate for his pre sentation at the Commercial Oeve/opment Association meeting. Roy M. Dickinson of Pfizer International pre sents award. Diversification History Outlined by Dr. Neher Addressing about 400 members of the Com mercial Development Association in New York City on March 8, Dr. Clarence M. Neher, senior vice president-Plastics Group, gave a case his tory of the Company's diversification since 1962 with an emphasis on the growth of Plas tics. "Ethyl has always tried to be a leader in the areas we're involved in," Dr. Neher noted. "This has been the case for antiknocks for many years. Now, we are a leader in the specialty chemicals areas, and we are leaders in the specialty plastics areas." He added that the Plastics Group, started in 1964, had sales in the $300-million-a-year range after the first decade. Last year, plastics sales were approximately $350 million. Dr. Neher said the Company was originally "interested in plastics because they are going at a 50% faster rate than chemicals." "Package of the Month" - Meanwhile, the January issue of Drug and Cosmetic Industry selected a "total package" fragrance and treatment line produced by four of the plastics' divisions as the "Package of the Month." The new "Frances Denney Interlude" line (pictured below) is being produced under a coordinated effort by the dispenser, metal, IMCO Container and molded products divi sions. This effort is considered a unique serv ice, since it involves total packaging from a single company in a highly competitive market. rhe metal products division supplies the "noMar" dosures, jar lids, overcaps and custom decorations for all products. Metal products also does satinized and silk screen decoration for perfumed mist canisters. From molded products comes the "etched look" plastic jars with silk screen decoration and the plastic dusting powder box with heat transfer decoration. The creamy cleansing lotion and quick foam cleanser use plastic bottles from IMCO, while the dispenser division supplies the spray pumps for the perfumed cologne spray. PACE FIVE ETC 17238 Festivities in Greece Several special year-end activities took place in Greece ior Ethyl Hellas Chemical Company employees. (Top left) The annual Ethyl Hellas children's Christmas party took place December 79, (left) while a dinner-dance was held December 7 7. (Above) Samuel L. Escue, /center) technical manager-Ethyl Hellas, was honored in lanuary for his 40 years of service with Ethyl. . G. Amo/ochitis (left), managing director-Ethyl He//as, and James D. Spearman, temporary plant manager, present Mr. Escue with certificate of recognition. Mr. Escue has served in operations positions at the Baton Rouge and Greek plants. Annual Meetings Held L In the last several months, many of Ethyl's divisions held annual sales, manufacturing and technical meetings to review past performano and discuss 1977 goals. Some of the division's holding conferences were: Ethyl Corporation of Canada, Ethyl ln- ternational, IMCO container products, metal products, petroleum chemicals, polymer prod-t ucts and VisQueen film products. f Noteworthy among the meetings was Ethyl of Canada's first meeting in Baton Rouge,, where its sales and administrative people held sessions with industrial chemicals, petroleum chemicals and Ethyl International. President Bruce C. Gottwald addressed* many of the division meetings. He reviewed Ethyl's 1976 operations and highlighted plans- for 1977 throughout the Company. ^ IMCO At IMCO's March 1-5 meeting, a numberof- sales and manufacturing awards were givenj Sales awards went to: > f john Porter, Cincinnati, Salesman of the Year; Jim Mc- Gurk, New York City, Best New Business Developer and ' Russ Killion, Chicago, Best Administrator. Manufactur-j^. ing awards went to; Bill Kinslow, director-process and*', equipment development, Kansas City and Robert Oer-r- rick, superintendent-employee relations, Baton Rouge, for Staff Department of the Year (tie); Charles Howard, plant manager-Harrisonburg, Va.; Best Plant Safety;)* Dean Denton, plant manager-Pittsfield, Mass., Most proved Safety Record; Norm Lilly, plant manager-Jeffer-^, sonville. Ind., and Joe Huber, plant manager-lMCO toot and die, Kansas City, Perfect Safety-Record (tie); John* Rogers, plant manager-Rockaway, N. Most ImprovedQuality of Shipments and the Pittsfield plant for BestT Quality Shipment to the Customer. Also, sales office* awards went to: Chicago office and Ntck Angele, district^ sales manager for Most Professional Improvement; Hui Valley (Md.) office, Jim Ness, district sales manager, and* Bob Smith, senior salesman, for Most Sales Improve* ment. In addition, the IMCO field salesmen selected * the Pricing Department and Ed Wirth, manager, as the 3 Department that Best Supports Their Effort. Speaking Techniques Are Improved Twenty Ethyf sales, marketing, technical and administrative personnel participated in a two-day public speaking im provement session on February 10-11 in Baton Rouge. The course, conducted by Commumspond, Inc., based in New York, was in/tia//y taken by President Bruce C. Gottwald in New York. In addition. Board Chairman F. D. Gottwald, Jr., Executive Vice President Lawrence E. Blanchard, Jr., and Charles H. Zeanah, director-corporate pub lic relations, also took the course in separate New York sessions. Communispond instructors for Baton Rouge were Edward M. Fuller, II, senior vice president, and Bertram F. Bartlett, vice president. Mr. Zeanah served as co ordinator of this speciaf session, while loseph V. Gilbert, training department-Baton Rouge Plant, aided in oper ating a video camera. Participants made a number of impromptu and prepared talks. Instructors critiqued speak ing techniques for each man and video taped for in-depth analysis. Another group session is under considera tion for Baton Rouge. Participants were: (First row: left to right) Malcolm Whitlock, general manager-Ethyl Inter national's petroleum chemicals division, Baton Rouge; Roger A. Moser, general manager-industrial chemicals divi sion, Baton Rouge; Mr. Bartlett, and Jack D. Bailie, director-technical sales, petroleum chemicals division, Houston. (Middle row; feft to right) Cordon . Saxon, director-advertising and sales promotion, Richmond; Lloyd B. Andrew, vice president-financial relations, Richmond; James R. Lees, director-marketing, Plastics Group, Baton Rouge; Dr. Walter E. Foster, technical d/rector-Researc/i and Development, Baton Rouge; Richard F. Sands, president-molded, metal and dispenser products divisions, Baton Rouge; B. Hancel Bonds, president-lMCO container products divi sion, Baton Rouge; Alfred . Vaughan, director-marketing management, industrial chemicals division, Baton Rouge and Dr. Clarence M. Neher, senior vice presf'c/enr-P/ast/cs Croup, Baton Rouge. (Top row: left to right) Mr. Gilbert, Louis B. Reynolds, genera/ manager-Ethyl /nternationa/'s industrial chemicals division. Baton Rouge; George 5. Thumlert, executive vice president-Capitol Products Corporation, Mechanicsburg, Pa.; Charles W. Montgomery, president-polymer, pipe and film products divisions, Baton Rouge; H. Thompson Smith, executive vice president, The William L. Bonnell Company, Newnan, Ca.; I. A. Nimmo, assistant director-financial relations, Richmond; J. Rodney Chastain, marketing manager-detergents and plasticizer intermediates, industrial chemicals division. Baton Rouge; E. Malcolm Harvey, vice president-Aluminum Group. Newnan, Ga.; Mr. Fuller and Mr. Zeanah. Unavailable when the picture was taken were Or. M. F. Gautreaux, senior vice president, R&D, Baton Rouge; and C. Raymond Hailey, president-Eik Horn Coal Corporation. Winter of 77 The extreme cold and shortages of natural gas in many parts of the country this past winter affected many Ethyl locations. One plant--the VisQueen film products plant in Sandston, Va.--was without natural gas through one extremely cold period. Consequently, employees impro vised specia/ protection. Shown here are (left) George Fisher and E. P. Goggin, III, both machine operators, who constructed cardboard cubicles in their work area. PACE SIX Elk Horn Selling Kentucky River Stock j. Ethyl announced January 25 that its 96-per-j cent-owned subsidiary, The Elk Horn Coal? Corporation, has agreed to sell to Kentucky? River Coal Corporation, headquartered in Lex-J ington, Ky., the approximate I6V2 percent o(| Kentucky River common stock now owned byg Elk Horn. f The agreement is to sell to Kentucky Rivet| about 60 percent of such stock in February 1977 and the balance in February 1978. The purchase price of all of the stock is about $10 million. The transaction results in total after-tax income to Elk Horn of aboul $6.5 million. Due to the book basis of Ethyl': investment in Elk Horn, the transaction wi! result in total after-tax income to Ethyl 0 about $2.7 million divided between the years 1977 and 1978. Elk Horn is primarily engaged in owning coal lands in Eastern Kentucky, part of whidi it leases to others for mining. Merit Scholarships In the next issue of ETHYL REPORTER, the 1977 Ethyl Merit Scholarship recipi ents will be announced, along with back ground information on each student < J ETHYL REPORT?' ETC 17239 Held l M. Gill Recalls 'f Ethyl's Growth Achieved Through Specialty Know-How ring and ormance ferences Hthyl In. s, metal er prod- as Ethvt Rouge, pie held troleum ^dressed eviewed `d plans mber of 3 given. |im Me* oper and nufactur>cess and oert Der- Editors' Note: This is another in a series of interviews with Ethyl employees. James M. Cill, senior vice president-Chemicals Croup and a member of Ethyl's board of directors, has been associated with the Company since 1948. He joined Ethyl as a chemical engineer at Baton Rouge and served in supervisory positions in the manufacturing department there and on the West Coast. He was general manager of the industrial chemicals division prior to his appointment as vice president of the Chemicals Croup in 1966. He was elected senior vice president and a member of the board of directors in December 7969. Mr. Cill maintains his office in Baton Rouge. Mr. Cill holds B.S. and MS. degrees in chemical engineering from Louisiana Poly technic Institute and Louisiana State Univer sity, respectively. He is a member of Delta Alpha Rho, honorary engineering society, and is a director of the National Petroleum Refiners Association and a past director of the Manu facturing Chemists Association. ETHYL REPORTER: What led you to join Ethyl power. I found all of that quite interesting. ETHYL REPORTER: There is a chapter in the history of Ethyl concerning a plant in Pitts burg, Cal., on which you were quite active. Could you tell us something about that? MR. GILL: We decided we needed additional facilities to produce antiknocks in the mid1950s. After starting the Houston and Cana dian plants, we were looking for a plant on the West Coast. We picked Pittsburg, Cal. I went to the Harvard Business School's Advanced Management Program in 1956 and finished entered the alcohols project, expanding our plant in Houston. From that beginning we have built a fairly sizable industrial chemicals division, drawing heavily on R & D and result ing in a large number of sound products. Ethyl has been extremely active in research. I think we have a fine R & D department, and our industrial chemicals growth has been largely based on internal research efforts. ETHYL REPORTER: In view of the tremendous diversification, especially internally generated growth, over the last ten or 15 years, is there a guiding philosophy which has prevailed? MR. GILL: Yes. Our philosophy has been to grow in areas where we have special know how in chemicals. Our philosophy has been to expand on the basis of our best technical achievements, moving in the direction of large volume and emphasizing specialty chemicals with a niche in the marketplace. ETHYL REPORTER: Looking back 15 or 20 years, have there been any startling develop ments you might not have predicted? MR. GILL: Our growth actually has been rather n Rouge. Corporation? Howard, t Safety; MR. CILL: I served in the Navy in World War orderly. The area of maximum unpredictability has been that of governmental action restrict Most Inv II. I had graduated from Louisiana Polytechnic er-Jeffer* tCO tool Institute, and after the war I received a masters ie); John degree in chemical engineering before going ing products such as antiknocks and NTA. Governmental action has been hard to predict because often it lacks a sound technical base. m proved for Best es office e. district nt; Hunt iger, and Improve* selected back into industry. I had entered LSU where I got my masters. I liked Baton Rouge and mar ried a girl from this area, so I applied to Ethyl, among others, and was accepted for employ ment in 1948. I started in the technical area. At that time we were doing expansion work. We have also had small surprises, of course, in the marketplace. We haven't had a great number of surprises from a technical stand point. Our forecasting has been sound. So while we have had a few surprises and even more shifts in direction, this is not something r, as the We worked under more trying conditions in that is unexpected in the chemicals business. those days than now perhaps. For the first Now we are concentrating in segmented mar three months, I worked on the top of a filing cabinet, because we didn't have enough desks James M. Cill ket areas. We want to work in the detergent and plasticizer intermediate area. We have :k 96-pern Coal ?ntucky in Lexcent of ned fay .y River ebruary i. rtock is suits in f about Ethyl's on will thyl of ie years owning f which ?TER, rdpi- backlt . Jfe- to go around. It was very interesting work. ETHYL REPORTER: Do any memorable experi ences stand out from those early days? MR. CILL: The project I worked on a good bit was the expansion of F Building, doing the manufacturing technical service work in that area. Also, I worked on various new processes we were considering--one involving a mag nesium antiknock compound. Manganese (MMT) didn't come along until later. ETHYL REPORTER: Did the magnesium project anticipate the day when tetraethyl lead might come under attack, or was it simply in an effort to improve antiknocks? MR. CILL: We were trying to improve anti knocks. Later I moved over to the technical service organization. At the time our job was to try to improve the operational steps in order to reduce the longer antiknock produc tion cycle of that day. Our job was to make that cycle more efficient, and we were suc cessful. An interesting turn in my work was joining one of the early management rota tional training programs. I moved from the technical area into maintenance and construc tion, which was a complete change of, pace. I then moved through a number of different jobs--superintendent of sodium operations, superintendent of ethyl chloride operations, then head of maintenance, construction and that course. I then went to the West Coast to supervise start-up of the Pittsburg plant. I arrived there when there was nothing but a bare field and was active with the plant through its construction, hiring of employees and start-up. It was one of the most pleasant chapters in my career. We were fairly removed from corporate headquarters in New York and had to make a lot of decisions on our own. It was a small town, a relatively small plant, and I was able to work a good bit in civic activities such as the industrial associa tion, the local taxpayers association and the park and recreations commission. ETHYL REPORTER: Is there a Greek connection to that plant? MR. GILL: Yes. The California plant was shut down in the early 1960s due to technological advances. The Company had improved its antiknock process, and we were able to meet our antiknock requirements at our other locations. There is a Greek connection in that later a number of people who worked on the start-up of the Pittsburg plant went to the Greek plant in Thessaloniki and contributed to its successful start-up in 1967. Before the Pitts burg operation was shut down, I returned to Baton Rouge and helped to start our industrial chemicals division. Beginning in 1964, our first venture was in chlorinated solvents. Then we developed a strong position in agricultural intermediates and plan to continue that. We are now moving agressively in the drug inter mediate area. ETHYL REPORTER: You have been active in industry groups such as the Manufacturing Chemists Association and the National Petro leum Refiners Association. Do you believe their role will increase in the near-term future? MR. GILL: Yes. I think we'll see a greater em phasis on the associations' role as spokesmen for industry in legislative affairs. Both the petroleum and the chemical industries are becoming more regulated by government. These regulations often are not well con sidered, and it's difficult for an individual company to sway legislation. The associations have permanent offices in Washington. They can hire the people to monitor what's going on and try to gather information from through out industry and put this in effective form for lawmakers before laws are passed. This will be a growing function of associations. ETHYL REPORTER: Let's move away from business for a second. What hobbies or out side interests capture your imagination? MR. GILL: From a sports standpoint, I enjoy golf. I've played at it for a number of years, and find it a very good experience. I enjoy reading history, and I like antiques. EPORTCR WRUARY-MARCH 1977 PACE SEVEN ETC 17240 In Houston Junior Achievement Marks Anniversary Each year thousands of new businesses open their doors as others cease operation. Statis tically, the first year is the hardest for any new business; however, with the thousands of American Junior Achievement business-spon sored companies, a one-year life cycle is the norm. For the 25th consecutive year, an Ethylsponsored Junior Achievement company has been organized by Pasadena, Texas, area stu dents. Organizational meetings were held shortly after the beginning of the current school year. A company name (JAC Company) was selected, officers were elected, and plans were drawn for the coming year. The com- 'The World's Safest Dart Came," the Ethyl /AC Com pany product this year, is demonstrated above by Ad visor Mike Echerd of operations, and fAC Company Sales Vice President Elizabeth Hart, a student at South Houston High. pany's stock has been sold and the company has been formally chartered. This company, which is a model based on the American corporate structure, will, with the support of Ethyl advisors, produce and market its products, preferably at a profit, dur ing the 1976-77 school year. Then after divi dends are paid, the company will formally dis solve at the end of the school year with the return of capital to the stockholders. Advisors JAC Company advisors (all members of management at the Ethyl's Houston chemical plant) include Mike Echerd, operations; Neal McCollom, stores and services; and C. J. Speers, Bobby Solomon and J. C. Teaster, in dustrial engineering, who donate their free time, expertise and guidance in this valuable object lesson in the free enterprise system for youngsters. Thus the youngsters them selves sell the stock, apply for the charter, design, manufacture, and market the product. This year's primary product, on which pro duction began in November, is the "World's Safest Dart Came" which is sold for $4.95 each through direct door-to-door sales. In addition, the company also offered Christmas candles as an additional product line during December. A third product is a trouble light. Plans for this year also included participa tion in a regional Junior Achievement Trade Fair in January. Tredegar Gets Historical ASM Award (Continued from Page One) put into the project. Mr. Johnson coordinated the restoration activities. "It's always amusing to me," Mr. Gottwald said, "that the original buildings were built by local labor, as far as we know. Yet when we restored the chimney, we had to go all the way to Chicago to get someone familiar enough with chimneys and the art of rebuild ing chimneys of this type. "However, Tredegar is a gold mine of an tiquities. Just to the front of us is the site of the old rolling mill that rolled the heavy iron plate for the Merrimac. And on the side of that is the site of the old arsenal and the foundations are still there." Also present during the ceremonies were a number of local ASM members and Richmond city officials, including Rex C. Early, chairman of the historical site committee for the Rich mond chapter; Calder Loth of the Virginia Historic Landmarks Commission and Rich mond Mayor Thomas J. Bliley, Jr. Mr. Johnson addressed a meeting of the ASM the night before the ceremonies and out lined Ethyl's restoration work and some of the Tredegar's history. The Tredegar Iron Works marks the advance of the Southern region of the U.S. from essentially extractive and technologically primitive industries to modern heavy industry. It was the center of a 19th century modern iron industrial complex which fulfilled the needs of the new railroad industry and the tooling and re-tooling needs of established factories and mills. The main foundry rebuilding restored by Ethyl was initially constructed in 1863. The iron works continued to operate on the same site until 1958, when the Tredegar Company relocated to another site in the Richmond area. Long-Time Service Agnes Schuwerk, personnel manager at the Plastk Croup's Ethyl Sterling plant in Erie, Pa., retired is January after 34 years of service at the facility. Mn Schuwerk holds the longest continuous service at the plant, lohn S. Patton, operations manager, presented i gift at a party in her honor. IT* Pippin Saves Life ~1 * Larry Pippin, plant manager at the' dispenser products division facility in< , North Riverside, III., was credited with- 1 saving the life of an elderly woman onj (February 8. | i Mr. Pippin and several other Company? i officials were eating lunch at a local ' restaurant, when the woman collapsed s f at the next table. Her breathing andj ' heartbeat had completely stopped. ? i He alertly and skillfully performed* j cardiopulmonary resuscitation (CPR), in-! eluding mouth-to-mouth resuscitation,? I and revived the victim within a minute or. two. Mr. Pippin is also chief of the Burn-' - ham, III., Volunteer Fire Department * 330 South Fourth Street P.O. Box 2189 Richmond, Virginia 23219 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED Bulk Rale U.S. Poviaae PAID Ethyl Cot ponhon PACE EIGHT ETC 17241 ETHYL REP` the Pfastic retired in Mrs. IMCO Purchases Wee at the ^resented i Building, Property For New Facility al' the 'Ik in J%vith afi on npany local lapsed g and armed R& in;ation, ute or Bum- it. E:. Ethyl announced April 27 that the IMCO Container Division has purchased a building on a site of 20 acres in Lewistown, Penn., for the production of custom plastic bottles. Initial investment for the acquisition of the property and enlargement of the existing fa cility is about $4 million. The site is about 60 miles northwest of Harrisburg. The Lewistown site was chosen because of its proximity to eastern market areas and the transportation facilities to serve IMCO's midwestern market as necessary. Initially, the facility will employ about 40 persons. Plans are to enlarge the existing 63,000-square-foot building to approximately !2Q,000 square feet and to install bottle pro duction equipment. Design work has been completed and construction is expected to be underway shortly, with the plant in partial pro duction in the first quarter of 1978. Future plans call for an additional invest ment of approximately $3 million for more equipment. Within two to three years, ap proximately 200 persons are expected to be employed at the plant. Markets served by the new plant will be toiletries, cosmetics, medicinal, health, house hold products, food, beverage, automotive and marine. m !* l'' The Board of Directors'Of EfliyJ Voted t. May 5 to increase the regularquarteriy | dividend on the Comparr/s cornmon t on stock from 40 cents a share to 42V4 cents a a share, resulting in an annual increase of 10 cents a share or a new annual rate :.,' of $1.70 a share. . ff: ' . i' The dividend on the common stock previously was increased on January 1 > from 37V6 cents to 40 cents a share. - At the meeting, the Board also de- * :dared the regular quarterly dividend of '; 60 cents a share on the $2.40 second con-. vertible preferred stock of the Corpora-^ ` ; tion. in addition, the Board declared ' regular quarterly dividends on the 6% . Series A and 7%Vo Series C preferred . t stock. 1 f All dividends are payable July 1 to shareholders of record June 16. 1 rn . T. ...V,r. WORTH Board Chairman F. D. Gottwald, fr. (right a( podium) addresses shareholders. Other members of the Executive Committee fseafed left to right) are: Robert Herzog and Lawrence f. Blanchard, fr., both executive vice presi dents; President Bruce C. Gottwald and F. D. Gottwald, vice chairman of the board. During the meeting, share holders viewed slides depicting the growth and performance of the Company. Projections Outlined To Shareholders Addressing some 300 persons attending Ethyl's annual shareholders' meeting May 5 in Richmond, F. D. Gottwald, Jr., chairman of the board, projected that if current forecasts are met 1977 fully diluted earnings per share are expected to increase to approximately $7.50, reflecting a 20% increase from 1976. Mr. Gott wald also noted that Ethyl's 1977 sales should increase some 12-15% to approximately $1.3 billion while net income is expected to rise 10-15% to a range of $75-$80 million. In 1976, Ethyl reported sales of $1,135,412,000 and net income of $69,080,000, or $6.26 a share on a fully diluted basis. In five years, Mr. Gottwald said he expects Ethyl's sales to reach approximately $1.9 bil lion with comparable growth in income-- about $115 million. He noted that the fore casts are based on strong growth in chemicals and plastics. 17% sfSaln Ethyl's chairman said sales of lead antiknock compounds by 1981 are expected to represent approximately 17% of total sales with the majority going into foreign markets. Anti knock compounds accounted for 28% of total sales in 1976. Ethyl President Bruce C. Gottwald reviewed for shareholders the Company's ability to change and diversify. He noted that Ethyl has grown despite certain adverse regulatory effects on its business. "We also view regulated changes as oppor tunities," Ethyl's president said, citing a num ber of regulated areas that resulted in new business for the Company. Toutiv* W.y- "We respond in a positive way to change," Ethyl's president said. "Because of our diversi fication program. Ethyl's growth is not depend ent on any one product or market area," he added. He pointed out that 72% of the Company's sales in 1976 were in non-lead antiknock products, compared to 38% in 1966. "If our projections hold," Mr. Gottwald added, "we expect to reach 83% in non-lead sales by 1981." Shareholders were shown slides during the meeting which depicted various aspects of the Company's operations, performance and outlook. Cooper Labs Stock Sale On June 20, the Company sold to Cooper Laboratories, Inc., for cash, at $13.75 per share, 837,328 shares Cooper common stock held by Ethyl. Ethyl had purchased the stock in October 1974 for $7.50 per share. ETC 17242 Spot oMotO Vol. 15 May-June 1977 No. 2 Published bi-monthly for the approximately 16,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Public Relations depart ment, 330 South Fourth Street, Richmond, Va. 23219. Edited by ROB BUFORD and RAY KOZAKEWICZ ETHYL CORPORATION F. D. COTTWALD, JR. Chairman of the Board BRUCE C. COTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK |. MCNALLY Vice President and Treasurer PLANNING THE FUTURE Now that the Bicentennial celebration has been completed, much attention is being focused on the future--notably the year 2000. A number of leading futurists have made projections about our society in the future, with emphasis on energy, food, technology and sociological changes. Even while these studies are going on, some of the same futur ists have come under criticism for failing to warn us to the full extent of the energy crisis and other radical changes in society that had not been anticipated. While it certainly is wise to implement long-term planning and analysis, it is equally important to monitor carefully significant developments that can profoundly alter earlier projections. Interestingly, many companies in the energy field sounded the warning regarding the energy dilemma, but, for the most part, these predictions were not heeded. If we are to plan effectively for the future, the business com munity should be given ample opportunity to offer input, so that all available data is effectively analyzed. In this way, all segments of society will have had an effective role in setting an accurate course for the future. The 1977 ETHYL DIGEST, due to be published later this sum mer, will have as its theme "The Future." Articles will explore areas of future concern such as energy, food and population, transportation and the economy. MERIT SCHOLARSHIPS: 1977 As it has since 1964, the Company again this year participated in the corporate-sponsored National Merit Scholarship Award program. The three winners were Laura Cavedo of Richmond, and Lynne jensen and Mark Zielinski of Baton Rouge. All are superior students. In addition, each has illustrated out standing leadership qualities and gained many special achieve ments in various extracurricular activities. Congratulations to all three youngsters and good luck in all future endeavors. DRIVE 55 With summer upon us and the usual increase in highway travel during this annual vacation season, motorists are reminded that maximum driving speeds are still set at 55 miles per hour on state and inter-state highways. Statistics have already documented that many lives have been saved by drivers obeying this law. In addition, there is consider able evidence that vital energy is saved by driving 55 versus 65 and 70 miles per hour. These facts are more than enough justifi cation to stay at 55. PACE TWO newscope Mary D. Overmeyer, wife of John B. Overmeyer, super visor--tetraethyl lead maintenance at the Baton Rouge Plant, was a runner-up in the first annual Baton Rouge Mother of the Year contest. William D. Eby has been promoted to supervisor--process design, R&D, with responsibility for activities of the Mag nolia, Ark., plant's engineering services. Named to the newly created position of manager--adver tising and sales promotion, industrial chemicals division, is Kenneth H. Schmit. He is based at the Baton Rouge Tower. * * Promoted to financial operations manager--Ethyl S.A. in Brussels, Belgium, is R. O. Braeckman. Patricia Cwinner, registered nurse for the Richmond offices, has successfully completed a three-day course, "Cardio pulmonary Resuscitation and Emergency Cardiac Care" and is now qualified to conduct CPR training programs for em ployees. +++ Vicki Bray, daughter of Frank M. Bray, manager--brine field operations for Ethyl's brine products division in Mag nolia, Ark., was First Runner-Up in the recent Miss South Arkansas University contest. She is a 19-year-old freshman. Steve Williams has been appointed plant engineer at the Company's Capitol Products aluminum plant in Kentland, Ind., succeeding Arthur Stevenson, who has transferred to the engineering department at the Baton Rouge Plant. Elected president of Junior Achievement of Greater Baton Rouge is Donald M. Kirk, superintendent--tetraethyl lead maintenance, at the Baton Rouge Plant. Serving as leaders of recent "Life and Career Seminars" for the Virginia Chapters of the YMCA Association of Profes sional Directors were Ted |. Carron and Robert L. Zehner, management development and training, Richmond. y In several transfers from R&D to the industrial chemicals division at the Baton Rouge Tower, Billy D. Adcock has been named product supervisor--aluminum alkyls, Samuel L Agnew becomes product supervisor--agricultural chemical intermediates, and John G. Dabkowski has been named product supervisor--detergent and plasticizer intermediates. -f + Richard M. Steele has joined the Plastic Group's metal products division in Northvale, N.J., as national accounts manager. * T wo employees at the downtown offices in Baton Rouge have recently completed 40 years of service. Claude E. Daviet, superintendent--cost engineering, engineering depart ment, One American Place, and I. Robert Greenwood, man ager--compensation and personnel, corporate employe* relations. Baton Rouge Tower, have reached this milestone ETHYL KEPORTT ETC 17243 B Four New Corporate Vice Presidents Are Named r, super1 Rouge i Rouge -process ne Mag- --adverision, is - Tower. S.A. in offices, Cardiore" and for em- --brine in Mags South rshman. at the rntland, rred to - Baton yl lead ars" for ProfesZehner, The Board of Directors has elected four new vice presidents of the Company. The new officers are Frank J. McNally, who becomes vice president and treasurer; Roger /V. Moser, vice president-industrial chemicals; Stephen B. Rodi, vice president-employee re lations and Paul E. Weimer, vice president and budget director. Their elections were effective May 5. Mr. McNally, 60, has been treasurer of Ethyl since 1967. Mr. Moser, 47, has been general manager of the Industrial Chemicals Division since 1973. Mr. Rodi, 62, has been directorCorporate Employee Relations since 1958. Mr. Weimer, 56, has been corporate budget di rector since 1975. Mr. McNally and Mr. Weimer have their offices at corporate headquarters in Rich mond, while Mr. Moser and Mr. Rodi maintain their offices in Baton Rouge. S.E.C. Background A native of New York City, Mr. McNally joined Ethyl in 1946 after serving as an at torney with the Securities and Exchange Com mission. He held several key positions in the Company's tax department before being named director of finance in 1960. He was elected treasurer of Ethyl in 1967. Mr. Mc Nally received a B.A. degree from Manhattan College and a LL.B. degree from Columbia F. J. McNally R. A. Moser S. B. Rodi P. . Weimer University Law School. Mr. Moser, a native of Toledo, Ohio, joined Ethyl in 1951 in process development, Re search & Development, Baton Rouge. He was named head of economic evaluation, R&D, in 1964 and director of product management, In dustrial Chemicals Division, the following year. He was director of marketing manage ment in that division from 1971 until he was promoted to general manager in 1973. He received a B.S. degree in chemical engineer ing from Purdue University. Now Orleans Native A native of New Orleans, Mr. Rodi joined the Company in 1951 as an attorney at the Baton Rouge Plant and served in that capacity until he was named to head Employee Rela tions in 1958. Prior to joining Ethyl, he was chief counsel of the State of Louisiana Depart ment of Revenue for 10 years. He received B.A. and LL.B. degrees from Loyola University, New Orleans. Mr. Weimer, a native of North Manchester, Ind., joined Ethyl in 1949 as a chemist in R&D, Baton Rouge. He held several key positions in R&D before transferring to the Plastics Croup in 1966. He served as manager of operations for Plastics from 1968 until 1971 when he became director-financial controls. He moved to Richmond in 1974 and was named budget director the following year. He received a B.A. degree in chemistry from Manchester College. Economic Education Conference Held in Richmond Ethyl was among approximately 25 com panies, organizations and educational groups participating in a one-day conference on eco nomic education in Richmond on May 25. Sponsored by the Metropolitan Richmond Chamber of Commerce, the special event was entitled "Time For Action." Workshops, Exhibits The conference featured several workshops and panel discussions led by local and na tional experts. In addition, a number of exhibits illustrated a variety of free enterprise and economic education programs developed by the participants. A highlight of the conference was an elabo- rate audio/visual presentation by Phillips Pe troleum Company entitled "Explaining the Dream." It described Phillips' multi-million dollar economic education program. Sloan K. Childers, vice president-public affairs for Phillips, served as narrator. S. Buford Scott, chairman of Scott & Stringfellow investment brokers of Richmond and a member of Ethyl's Board of Directors, was chairman of the conference. Charles H. Zeanah. Ethyl's director-corporate public rela tions, Richmond, served as chairman of the exhibits committee. In addition, Ethyl President Bruce C. Gott- wald and Executive Vice President Lawrence E. Blanchard, Jr., attended the luncheon, which featured the Phillips' presentation. Participants Both local and national firms and organiza tions, participated in the conference. Besides Ethyl and Phillips, others participating in the conference included: A. H. Robins Company; the Continental Group; Sears, Roebuck & Company; Dart Industries, Inc.; The Joint Council on Economic Education; United States Industrial Council, University of Richmond; Federal Reserve Bank of Richmond; and the Virginia State Chamber of Commerce. emicals as been mel L aemical named idiates. metal :counts Rouge E. Davdepart- 1, manlployee estone. PORTER The economic education conference featured several workshops and panel discussions throughout the day. MAV-JCTNE 1977 Sloan K. Childers (left), vice president-public affairs of Phillips Petroleum Company, is greeted by S. Buford Scott, chairman of Scott & Stringfeliow investment brokers, who served as conference chairman. PACE THREE ETC 17244 1st Quarter Results Set Record Four Appointed Sales, net income and earnings per share for the first quarter of 1977 were the best for any first quarter in the Company's history, Ethyl announced on April 20. Sales for the first three months of 1977 were $294,097,000 compared with $255,354,000 for the same quarter a year ago. Net income for the first quarter of 1977 was $17,631,000, or $1.63 a share, on a fully diluted basis, versus $15,052,000, or $1.35 a share, for the first three months of 1976. The per-share earnings are based on the assumption of full conversion of the $2.40 second preferred stock. The per-share earnings on a primary basis (before dilution from the $2.40 second con vertible preferred) were $1.87 versus $1.53 in the first quarter of 1976. The Company has purchased approximately one million shares of its common stock as a result of its stock tender offer completed on March 22. On April 1, 1977, there were 8,204,731 outstanding shares of common stock and 1,287,562 outstanding shares of $2.40 second convertible preferred. F. O. Gottwaid, Jr., board chairman, said: "Our first quarter results included a $1.7 mil lion capital gain on the sale of 60% of Ethyl's investment in stock of the Kentucky River Coal Company. We experienced strong gains in our domestic chemicals and plastics opera tions, but these were offset by continuing weakness in our international markets." He further noted: "Petroleum chemicals sales were up for the quarter, primarily due to higher shipments and prices in the domestic market. Higher antiknock prices largely re flected increased costs of lead metal and other raw materials as well as labor and fuel. International antiknock prices remained weak during the first three months, but a price in crease has been put into effect. Industrial chemicals sales had the largest sales gain in the first quarter, reflecting higher shipments in all product areas. Sales of plastics in the first quarter increased as a result of both higher prices and shipments. Aluminum sales reflected increased construction activity as well as higher prices for extruded products. However, aluminum product prices were not high enough to offset increased costs. Elk Horn Coal's revenues were affected adversely by winter weather. "We are especially pleased with the increase in net income for the first three months, par ticularly in view of the severe winter weather and energy shortages," Mr. Gottwaid said. AlChE Awards Given to Hughmark, Marshall Two Ethyl employees. Dr. Gordon A. Hughmark and Robert H. Marshall, received sepa rate professional awards of distinction in April and May. Dr. Hughmark, chemical engineering ad visor, engineering and mathematical sciences section of the Research and Development de partment, Baton Rouge Plant, received the Andre Wilkins Memorial Award, the highest recognition of the Tulsa Section of the Ameri can Institute of Chemical Engineers (AlChE), on May 19. As recipient of the award, Dr. Hughmark presented a technical paper, "Heat Transfer with Drag Reducing Fluids," before a group of AlChE members. With Ethyl for 26 years, he also received in 1974 the prestigious Charles E. Coates Award, an award sponsored jointly by the Baton Rouge chapters AlChE and the American Chemical Society. Mr. Marshall, superintendent-environmen tal operations at the Houston Plant, received the "Distinguished Service" Award for 1976 from the South Texas Section of AlChE in Houston. Mr. Marshall, who has been with Ethyl for 30 years, was honored for his work during the past three years, including secur ing a number of nationally known speakers for local section meetings resulting in a large increase in member participation. Other suc cessful activities during the past three years included organizing and developing programs for a young members participating committee, government interaction committee and spe cial awards committee. Mr. Marshall has served as a member of the executive committee and several chairman ships of the 2,300 member section of AlChE-- the largest in the U. S.--since becoming a member in 1957, and is now a member of the environmental, fuels and petro-chemicals di vision. New Stock Issued The Company announced May 2 that it *had dosed the sale of $40 million of ^Cumulative First Preferred Stock, 7%% -Series C, to a group of 12 institutional ^purchasers. _' The Company's intention to issue a mew series of preferred was announced r on March 4 at the time of its tender offer for its common stock. Ethyl purchased about one million shares of its common '(stock as a result of the tender offer. 1 The new Series C Preferred is subject Sto a mandatory sinking fund requirement of $5 million a year beginning in 1980. The proceeds of the preferred stock (sale will be added to Ethyl's general >e funds. Gautreaux Gets Honor Dr. M. F. Gautreaux, senior vice presidentResearch and Development and a director of Ethyl, has been elected to the National Acad emy of Engineering. Election to the Academy is the highest pro fessional distinction that can be conferred on an engineer. It honors those who have made important contributions to engineering theory and practice, or who have demonstrated un usual accomplishments in the pioneering of new and developing fields of technology. The Academy recognized Dr. Gautreaux for leadership and technological contributions in development of chemical processes for pro duction of synthetic linear alcohols and ole fins, dichlorethane and other important indus trial chemicals. To New EIG Posts Robert R. Downey, managing director-Ethyf [ S.A., the Company's European subsidiary in; Brussels, Belgium, has been named controller j of Ethyl International" Group in Baton Rouge His appointment is ef fective July 1. Succeeding Mr. Downey as Ethyl S.A managing director is Andre M. Schils, direc tor-international pe troleum chemicals di vision. Mr. Schils will R. R. Downey continue to maintain his office in Brussels and be responsible for petroleum chemicals activities associated with Ethyl S.A. Other organizational changes in Ethyl SA include the promotions of Joseph B. Steinman to director-interna tional industrial chemi cals division, and Frank D. Tuttle to the newly created position of di rector-ad m i n i st ration. Both men will have their offices in Brus sels. Mr. Downey joined A. M. Schils Ethyl Corporation in 1952 as a senior auditor. He has held various financial and administra tive positions with the Company, including finance director and managing director of Ethyl Hellas Chemical Company, S.A., in Greece. He was named managing director of Ethyl S.A. in June 1971 Mr. Schils joined Ethyl S.A. in 1964 as operations manager. He was named arei manager in 1966, sales, coordinator in 1969 j. b. steinman and sales director for Ethyl S.A. in 1971. j Mr. Steinman joined Ethyl in 1974 in Baton Rouge as controller-international Group. Earlier this year, he assumed responsibility for planning and analysis for the industrial chem icals division of Ethyl International. Prior to joining Ethyl, he was associated with Inter national Harvester. Mr. Tuttle joined Ethyl in 1970 as a sen ior auditor. Since then he has held several ad ministrative and fi F. D Tuttle nance positions including finance director <t Ethyl Hellas Chemical Company S.A. New Safety Record Employees at the brine products divisior facility in Magnolia, Ark., recently completer more than 208,000 man-hours without a lost time accident. In recognition of the achieve ment, 10 prizes were given out in a drawing PACE FOUR ETC 17245 ETHYL REPQR L j >sts ctor--Ethyl sidiary in controller rnational ?n Rouge, ent is ef- ng Mr. Ethyl S.A. rector is ils, direconal pericals dichils will maintain isible for ated with Ethyl S.A. Three Students Win Ethyl Merit Scholarships hils auditor, -ninistrancluding ector ol Ehemical -A., in s named ector of ne 1972. joined 1964 as anager. ed area 56, sales n 1969 ctor for n Baton Croup, iility for ector of division mpleted t a lostachievefrawingWORTH The winners of the Ethyl Merit Scholarships for 1977 have been announced by the National Merit Scholarship Corporation (NMSC) and the Company. The three recipients--a son and two daughters of Ethyl employees--of this year's awards are: Laura C. Cavedo of Rich mond, and Lynne L. Jensen and Mark Zielinski, both of Baton Rouge. Laura Cavedo is the daughter of Mr. and Mrs. Richard T. Cavedo. Mr. Cavedo is em ployed by Ethyl as chief pilot. Valedictorian of her class at Chickahominy Academy in Rich mond, Miss Cavedo's interests range from chemistry to sculpture. She is a two-time recipient of the Association of Virginia Aca demies Forensic and Fine Arts award for "Best in Show" in sculpture, and has also received state and local sculpture awards. Miss Cavedo was also voted "Outstanding English Student" two years in a row and was a member of the school's newspaper staff. In addition, she at tended Florida Institute of Technology during the past year, and plans to attend Emory Uni versity in Atlanta in the fall. Lynne Jensen is the daughter of Mr. and Mrs. Floyd C. Jensen. Mr. Jensen is in the mainte nance department of the Baton Rouge Plant. Miss Jensen, a graduate of Broadmoor High School in Baton Rouge, is a member of the National Honor Society and Beta Club. She was also past editor-in-chief of the school newspaper, as well as being a past news editor, and was a finalist in a local Bicentennial edi torial contest. Among Miss Jensen's other ac tivities are past president and current first vice president of the Temple Youth Croup, Sunday school teacher, camp counselor, and pepster squad leader. She will study journalism at the University of Missouri this fall. Mark Zielinski is the son of Mr. and Mrs. Arthur D. Zielinski. Mr. Zielinski is an analyti cal chemist in research and development serv ices, R&D department, Baton Rouge Plant. The younger Zielinski, a graduate of Catholic High School in Baton Rouge, was Valedictorian of his class with a straight "A" average for four years. He has also been awarded a "Top 100" Freshman Scholarship by the Louisiana State University Alumni Federation, as well as hav ing received the Golden Bear Award from his WdUNE 1977 high school. The latter award is given annually to the outstanding student in academic and extra curricular activities. Among those activi ties are: president of his class, member of the school's basketball team, secretary of the Key Club, vice president and secretary of the Beta Club, and member of the National Honor Society. The younger Zielinski will study pre medicine at LSU this fall. Winners of the corporate-sponsored, fouryear Merit Scholarship are selected by the NMSC from finalists among sons and daugh ters of Ethyl employees. They are chosen on the basis of test scores, academic records, leadership, significant extra curricular activities and other standard requirements. These win- ners will receive stipends ranging from a $250 minimum to a $1,500 maximum per year. The amount each winner receives is based on the difference between actual college expenses and the amount the student and his family can afford to contribute. With the announcement of this year's win ners, nearly 50,000 Merit Scholarships, valued at approximately $136 million, have been awarded to high school seniors who finished in the top half of one percent of the hundreds of thousands who competed. This is the 15th consecutive year that Ethyl has been a spon sor. Miss Cavedo, Miss Jensen and Mr. Zielinski were honored at luncheons or dinners and presented certificates by Ethyl officials. World War II Bataan Death March Is Relived A desire to thank those people who saved and wanted to bring them the word of "eternal his life sent pipefitter Wilburn L. Snyder back life." Mr. Snyder is also a minister. to the Philippines and japan in April to relive the Bataan Death March. Mr. Snyder, who works at Ethyl's chemical plant in Pasadena, Tex., flew to Manila join ing other survivors of the fall of Bataan to celebrate its 35th anniversary. "It's been so long Mr. Snyder was one of 138 survivors to attend the ceremonies in Manila and partici pate in the trip to the location of the Japanese prison camp. Unlike his ordeal 35 years ago on foot, the trip in April was made by auto mobile. since I've felt so deep ly," Mr. Snyder said in an interview after he landed in the Philip pines. Mr. Snyder, who had been a prisoner of war from 1942 to 1945, was reminded of the 13- day march in which w. l. Snyder the enemy fed the troops only twice. According to Mr. Snyder, those who lived through the ordeal owe their lives to the Filipinos who helped feed them along the way. At one point, he recalled how the women in the small village of Capas defied the enemy by feeding the troops despite the clubbings and beatings they received. With some financial help from fellow work ers, Mr. Snyder was able to return to the small village to find those women who had helped save his life. He feels the greatest gift to them emanates from his deep religious principles New Medical Director Is Named In Houston Dr. Joseph R. Davis has been appointed medical director at Ethyl's Houston plant. He succeeds Dr. J. Cordon Burdick, who previ ously was promoted to corporate medical di rector. Dr. Davis served as medical director of the southern region for Western Electric Com pany, Atlanta, for more than 10 years. Prior to that he was in private practice. A native of Fulton, Ky., he received a B.A. degree from Vanderbilt University in 1951 and his M.D. from the University of Louisville School of Medicine in 1955. Dr. Davis is a member of the American Occupational Medical Association and is a past president of the Georgia Occupational Medical Association. He was a flight surgeon in the U. S. Air Force from 1956 to 1958. PACE FIVE ETC 17246 Fremont's Water Misfortune Is Community's Cain Ethyl's misfortune was the Fremont, Calif., community's gain when a 100,000 gallon water tank sprung a leak on May 25. "We knew we were going to lose it, so we thought we had better share as much as we could," said Dave Smith, plant manager of Ethyl's VisQueen film products division plant in Fremont. The water supply in Alameda County, where Fremont is located, is being rationed because of a severe drought in that area. A flurry of phone calls from the plant brought public and private tankers and trucks from the surround ing areas to the Ethyl plant. The trucks were able to fill up from a hydrant connected to the steel tank, which was built in 1952 to provide auxiliary fire protection to the plant. Duane Holt, plant engineer, estimated that the leak from a broken %-inch pipe was drain ing at the rate of 15 gallons per minute. At Plant Manager Dave Smith is interviewed on television news program during water giveaway. that rate, the tank would have continued to drain until 1 a.m., May 29. Mr. Smith, who is also a local city council man in nearby Newark, Calif., requested some Hierman, Branski, Yarbrough Are Promoted Several promotions and appointments have been announced recently in the IMCO con tainer division. Marion C. Hierman has been promoted to vice president and gen eral manager-adminis tration, Edward A. Branski has been pro moted to director manufacturing and Del Yarbrough has been promoted to plant manager of the Union City, Calif., plant. Mr. Hierman, who is based in Baton Rouge, M. C. Hierman had been president-lMCO of Canada since 1971. He joined IMCO in 1960 as assistant controller and subsequently has held positions of increasing importance, including controller- IMCO of Canada, general manager-lMCO of Canada and vice president-sales and market ing for IMCO container. Plonsker Is Promoted Dr. Larry Plonsker has been promoted to director-commercial development for Europe and will be headquar tered at Ethyl S.A.'s of fices in Brussels, Bel gium. He transfers to com mercial development, Research and Develop ment department, from Ethyl International, where he had been manager-product de- l. Plonsker velopment for the in dustrial chemicals division since March 1976. A native of Brooklyn, N.Y., Dr. Plonsker joined Ethyl in November 1960 as a research chemist at the Detroit Research Laboratories and subsequently held several R&D posts in Detroit and Baton Rouge. He received a B.S. degree in chemistry from the City College of New York in 1956 and his Ph.D. in the same field from Florida State University in 1960. Also based in Baton Rouge, Mr. Branski has ____ been associated with IMCO since 1949, when he started in the toolroom operation in Kansas City. He most recently was director- technical operations, in Kansas City since 1971. Earlier, he had been plant manager in Bel- videre, N. J,, Coleta E. A. Branski and La Mirada, Calif. Mr. Yarbrough had been production super visor in Union City for three years. A native of Vandalia, III., he joined the division in No vember 1969 as a cost control supervisor at IMCO's Vandalia facil ity. He transferred to Union City on Novem ber 1971 as adminis trative supervisor and subsequently held sev eral other positions. Also, at Union City, John Aldridge has been promoted to the com bined positions of pro duction supervisor and maintenance super visor. He most recently had been with the LaMirada plant. In other appointments at IMCO, Olen Hayes has transferred to Pittsfield, Mass., as plant manger; Charles B. Howard has been named director-technical services, Kansas City; j. Richard Fredrickson has been named manu facturing manager for IMCO's east coast facil ities and plant manager at Harrisonburg, Va.; Michael j. Mulshine has been appointed man ager-customer service, Kansas City, and Earl F. Hilton has been named manager of pricing. Young Sales Honor A. M. Moragues, a sales representative with the Edwin Cooper division in Houston, Tex., recently was recognized as the outstanding younger member of the Texas Gulf Section of the Society of Automotive Engineers (SAE). of the plant workers to stay on duty through the night to fill up trucks brought to the plan by reports of the water giveaway. More than a dozen radio and television stations and sev eral local newspapers publicized the plant's plight. Mr. Holt said there was no way of knowing how much water had been in the tank to begin with because a worker was installing a level-reading meter at the time the pipe broke. The rupture occurred at the bottom ol a five foot deep pit between the tank and a shut-off valve, which made it virtually im. possible to repair the break while water was still flowing. As a result, plant officials decided to give the water away instead of letting it run down the drain. Among those who came to get the "free" water, were nearby city fire trucks, farm sup ply trucks, local city park trucks, and even a local group of homeowners had gotten to gether and rented a truck. Because the water was not of drinking quality, it was dispensed only to tank trucks and not to individuals carrying cans and buckets. The estimated 60,000 gallons which were given away were used mainly for irriga tion purposes. Gift to Hospital Last November, while his ship. The Chemical Trade was docked at Ethyl's loading area in Pasadena, To. this South American seaman (center) learned that Davt L. 6rown (right), maintenance foreman at the Companr'i chemical plant, was a Shriner. Through an interprets, the seaman approached Mr. Brown and explained tta he had saved American coins lor lour years. He wants to donate all ol it to the Shrine for the good the Shrined Bums Hospital had done for children Irom his count) and other Latin American countries. Mr. Brown an Forest St. Clair, another Shriner, accepted the donatm Irom the seaman, which was the first donation to 1ST Shrine Hospital Benefit for the Houston unit. Mr. Brow who is also president of Ethyl's Houston Manageme Club, has been a Shriner lor 33 years. Saios Award Bill Perry, a technical sate representative with the Queen film products division, receives 1976 Outsti ing Salesman of the Year plaque from lohn K. Shil general sales manager. Mr. Perry is based in VisQue Southern Region and covers Florida and Georgia. t l ( !r 5 h c t f ( i PACE StX ETC 17247 ETHYL REPOR* through he plant ore than and sev* 3 plant's knowing tank to tailing a -ie pipe attom of k and a ally im- ater was decided ig it run Open House Held at Edwin Cooper ? "free" rm supeven a tten to* drinking < trucks ns and s which r irriga- An open house was held for Edwin Cooper, Inc., employees and their families on Sunday, May 15, marking the sixth anniversary of the Sauget, III. manufacturing facilities. The open house was arranged by committees made up of employees and employees' wives, and was attended by 270 employees and family mem bers. Tours were arranged for viewing plant facilities and refreshments were provided. The plant, located about two miles from downtown St. Louis, Mo., produces about 80 different products used as additives or blended products for gasoline and diesel engine crank cases, automotive gears and specialty additives used in hydraulic fluids, pipeline anti-rust agents, railroad diesel engines, industrial gears, gas engines, and other specialized applica tions. The plant employs a total of 165 people. The weather was warm and sunny, which made the event all the more enjoyable. A previous open house was held in 1973, mark ing the plant's second anniversary. New Sales Representatives Five new sales representatives have joined the Company in recent months. Joining the industrial chemicals division, based in Houston, is Thomas A. Betty. Mark D. Ronan has been named a sales representative for the metal products division in Des Plaines, III. In the pipe products division, Clinton S. Hodgkinson and William R. Tone, have joined Ethyl. Mr. Hodgkinson will cover Texas, while Mr. Tone is responsible for Florida. Robert D. Newland has joined the VisQueen film products division in the Eastern Region, which includes northern New Jersey, New York City and Long Island. f Trader, na, Tex., '.at David impany's :erpreter, ned that e wanted Shriners' country >wn and donation to 1977 Brown, agement E. F. Fehr Attends WFiite House Conference Earl F. Fehr, superintendent of manufactur ing cost and budgets, Plastics Croup, Baton Rouge, served as a delegate to the first White House Conference on Handicapped Individ uals. The conference was held May 23-27 in Washington. Mr. Fehr, who has been active for the past few years in Louisiana working for improve ments in conditions for the handicapped, was selected by the Governor's Conference on the Handicapped. His interest stems in part from the fact that he has a 10-year-old daughter with a severe hearing impairment. Recently, Mr. Fehr was elected the first president of a Louisiana parents' group. United Parents of Hearing Impaired of Louisi ana (UPHIL). The White House Conference was attended by some 800 delegates and 1,700 non-voting participants from the 50 states. Its main ob jective was to recommend policies to afford handicapped persons equal opportunities for productive, independent living. Some 3,500 separate recommendations were considered, and a report to President Carter and the Con gress is being prepared based on the dele gates' findings. Company Aids Hospital Herb Henry, (felt) plant manager of the Company's brine products division plant in Magnolia, Ark., presents $3,000 check to two officials of the Magnolia Hospital. The funds donated by Ethyl were the first contribution toward a $500,000 goal to aid in construction of a new hospital wing. the Vis^utstant)- Shifflet. iQueen's '.PORTE* Earl Fehr (right), a delegate to the first White House Conference on Handicapped Individuals, joins State Sen. Cillis Long of Louisiana (left), and an unidentified delegate to the conference. HAY-IUNE 1977 St Safety Awards (Above) The VisQueen film products division's Carbondale, Penn., plant has completed one year without a serious injury. Plant Manager Robert Hammond (left) presents plaque to F. Heraghty, maintenance super visor, which salutes plant employes. Looking on are *left to right) Al Langan, Dave Cilia, ferry Cravine, Don Kohan and Phil Ca/abro. (Left) Domenic Marsele (left), safety director at the metal products division's MetaI Fabrications plant in Waterbury, Conn., and Donald Maglio, plant manufacturing manager, admire the 1976 Plant Safety Awards given to i \ the plant employes for the fine job in maintaining safe working conditions. The facility had the best record in the division for 1976. PACE SEVEN ETC 17248 Litre, Millilitre ^t8?t6rs''*>tefW0iisIfAe (fccond I"!I,! penes of articles concerning <he metric System by Ted ). Catron, manager-man agement development and training, Richjrnond. Mr. Carron represents Ethyl on . jthe American Petroleum Institute's Ad iHoc Task Group on Metric Conversion. 1 (Employees who would like to have a wallet-size metric conversion card, should contact Mr. Canon's office in gmchmond.^^.^,^. In a previous article, we discussed the in ternational, or SI, system as it relates to the measurement of length, speed and tempera ture. We turn now to area, volume and mass. The basic unit of area in the metric system is the square metre, which is equivalent to 10.76 square feet or about 1.2 square yards. For larger areas, SI has the "are," or 100 square metres, and the hectare, or 10,000 square metres. One hectare (pronounced "hect-air") is about 2.5 acres. A section of one square mile is equivalent to about 259 hectares. 100m The cubic metre is equivalent to about 264 U. S. gallons or a little more than 35 cubic feet. There are 1000 cubic decimetres in a cubic metre. One of the most common metric measures of volume is the litre. A litre is slightly more than a U. S. quart, somewhat less than an Imperial quart, and equal to a cubic decimetre. Another important measure is the millilitre, abbreviated ml, or onethousandth of a litre. At some time in the future, shoppers will buy milk, motor oil and gasoline by the litre, instead of by the quart; and soda and beer will be purchased in 350-ml or 500-ml cans. Cooks may want to know that a cup is 237 ml, a teaspoon is 4.9 ml and a tablespoon is 14.7 ml. Predictably, these will be replaced by a metric cup of 250 ml, a metric teaspoon of 5 ml and a metric tablespoon of 15 ml. For tunately, a pinch of salt will still be the same in metric units, and hens will continue to ignore our system of measurements, so an egg will still be an egg. Complicated? Maybe, but it's a lot better than ounces, pints, quarts, pecks and bushels. Only our long familiarity with our present sys tem allows it to work. A kilogram is the mass of a platinum-iridium prototype kept at the International Bureau of Weights and Measures. Often referred to as a "kilo" by shoppers, it is roughly equal to 2.2 pounds. The gram is, of course, one- 9ACi EIGHT and Kilogram Are Discussed Ra A thousandth of a kilogram. A metric ton is 1000 kilograms (2205 lbs. or close to an English long ton.) When the first kilogram was con structed, it was intended that it would weigh the same as a cubic decimetre of pure water at its point of maximum density (about 4'C.) However, it wasn't possible at that time to measure the volume of a cubic decimetre to one part in 1,000,000. When better measuring techniques came along, it was found that the volume of water determined by measuring its Edi with presic 0/rec ciatec jomir, linear dimensions, and also by weighing the water and assuming that a cubic decimetre weighs one kilogram, differed by about 28 parts per million. Bator positi iurmf Hern ecutn For some 60 years, the litre was a secondary fxect or derived standard, defined as the volume ol respc a kilogram of pure water at the temperature R&D, sysfe. of its maximum density and under standard Bo pressure, and equal to 1.000028 cubic deci from , metres. In 1964, the General Conference on m ch Weights and Measures withdrew this defini in ct Mich tion of the litre, and declared that the word Socii "litre" is a special name for the cubic deci He n metre. ETH One convenience of the metric system is that the density of water is either unity or MR some decimal multiple of unity. It is one gram Eng per millilitre or one kilogram per litre. Com coir pare this to the English system, with odd units ans' like 62.4 lbs. per cubic foot and 8.34 lbs. per cro` gallon. the This is all that most of us really need to Gee know about the metric system. But in our final resf article, we will talk about metric units in the was measurement of pressure, work, power, heat, try light and electricity. Some of these units (like fou calories) are in common use, although not "TF precisely understood. Others (like the newton put and pascal) will be of interest mainly to scien Ch: tists and engineers. I fou vie Analyst Meeting cor the Some 35 financial analysts attended a special briefing on Company activities in mid-May in Columbia, S. C. The two-day session, the second of its kind held by fev Ro me Ethyl, included an in-depth tour of the Orangeburg plant. A similar briefing was held by Ethyl for analysts in February 1976 in Houston and included a tour of the Pasadena chemical plant. Following the successful 1976 meeting, Ethyl Chairman F. D. Cottwald, fr., asked that a second such briefing be scheduled in 1977 to update me de in( ma ett analysts on Company activities. The Columbia session included presentations by Ethyl management from all major divisions as well as mem ET "E bers of the Executive Committee. Division presentations included panel discussions with experts from each product area available for questions and discussion. Analysts attending the sessions represented firms in M tes ta: New York, Massachusetts, Illinois, and Virginia. A spe cial book. Business Profile--1977, was prepared for the briefing to outiine major products areas, markets and customers. An Ethyl guide explains Orangeburg facilities to analysts. \ TF de Pr at th n; fc m "I di t d d T tl Roger Moser, vice president-industrial chemicals division, and panelists update analysts on industrial chemicals. P P v t ETC 17249 ETHYL REPORT#. Robert Herzog d A 'Temporary' Assignment That Lasted Eight Years ut 4"C.). time to netre to easuring that the uring its ling the cimetre x>ut 28 condary lume of lerature tandard ic deci-nce on definie word ic deci- Editors' Note: This is another in a series of interviews ivith Ethyl employees. Robert Herzog, executive vice president of Ethyl, also is a member of the Board of Directors and Executive Committee. He has been asso ciated with Ethyl throughout his business career-- pining the Company as a chemical engineer at the Baton Rouge Plant in 1940. He has held numerous key oositions and various special assignments in manufac turing, research and development and planning. Mr. Herzog was elected a vice president in 1964, and ex ecutive vice president, a director and member of the tiecutive Committee in December 1969. His prime responsibilities include overseeing Ethyl's manufacturing, BSD, purchasing and traffic, engineering and central systems and data processing operations. Bom in New York City, Mr. Herzog was graduated mm Cooper Union Institute of Technology with a 8.S. in chemical engineering in 1939. He received his M.S. in chemistry the following year from the University of Michigan. He is a member of the American Chemical Society, Mu Alpha Omicron and Phi Lambda Upsilon. He maintains his office in Baton Rouge. stem is inity or ie gram Comfd units bs. per leed to ur final in the r, heat, its (like gh not newton > scien- ETHYL REPORTER: How did you join Ethyl? MR. HERZOG: I ran an ad in Chemical & Engineering News looking for a job, and by coincidence Ethyl also had an ad. My letter answering Ethyl's and Ethyl's answering mine, crossed paths. The result was an invitation to the New York office for an interview with Dr. George Calingaert, who was head of chemical research at the time, and John Schaefer, who was head of manufacturing. So, I proceeded to try and bone up on Ethyl. Very fortunately, I found an excellent article by Graham Edgar, 'The Manufacture and Use of Tetraethyllead," published in December 1939. I arrived at the Chrysler Building all primed with my new found knowledge and proceeded to be inter viewed for about a half-hour. However, the conversation was mainly about the chances of the New York Giants baseball team. Within a few days, I was hired and on my way to Baton Rouge to start work in the technical develop ment division of the manufacturing depart ment. My first five years were spent in the development laboratory and pilot plants, try ing to improve existing processes for the manufacture of Ethyl fluid, tetraethyllead and ethyl chloride. ETHYL REPORTER: Can you describe the "Ethyl Cleaner" project? MR. HERZOG: Initially, I was involved in a test program to clean the outside of Ethyl's tank cars with our proposed new product. This was the product which had been developed at our Detroit Research Labs primarily to wash automobiles. However, it also was recommended for general use around the house--on rugs, upholstery, mirrors--you name it--nylons, woolens, porcelain and so forth. I was offered a job as chief chemist and moved to New York in the winter of 1945-46. "Ethyl Cleaner" sales rose rapidly and then dropped even faster. This was Ethyl's first at tempt, that I'm aware of, to sell a product directly to the consuming public. It failed despite a "scientific" market research study. The problem was the study was done during the war when soap was in short supply. You put a bottle of detergent on the shelf at any price and it was bought. Immediately after the war, all of the regular detergent makers got back into full scale operation and their prod- ucts sold for about 10, compared to our 35. As chief chemist, I had control of the product quality and supervised production (mixing, bottling and labeling) in the two plants that Ethyl leased to make the product. I was there about a year-and-a-half. It was good experi ence getting away from the laboratory and into other aspects of a business operation. Robert Herzog ETHYL REPORTER: How did you later become involved in planning? MR. HERZOG: Following my "Ethyl Cleaner" job, I returned to Baton Rouge as supervisor of the development section's statistical and data group. It performed statistical analyses of the laboratory data that was generated in research and development projects. After a short time, I became supervisor of the analyti cal and chemical services group. From there, I moved up into development laboratory man agement--as associate manager. Then I pio neered the rotational program which preceded the combination of the Detroit research and the Baton Rouge development organizations into the R&E (Research and Engineering) De partment (June 1951). After that, I held various posts, including staff assistant to the chief engineer, George Kirby, and administrative assistant to the vice president of operations, Bynum Turner. In 1957, I moved to New York to become director of the economic research staff and reported to Bill Perdue who headed up the finance department. This temporary one-year assignment stretched out to eight years. During that time, I became involved with the evaluation of the Company when it was being sold by General Motors and Stan dard Oil of New Jersey. That was really an interesting assignment, because I was looking at the Company from a new viewpoint--what it was worth to somebody else! ETHYL REPORTER: Can you comment a little about the diversification and the philosophy of the new Company? MR. HERZOG: When I moved to Richmond in 1965, I enjoyed the privilege of working very closely with a real entrepreneur-- Mr. F. D. Gottwald, Sr. This undoubtedly has been the most fascinating part of my Company career. Mr. Gottwald understood the strengths --the accumulated research, development and know-how--that had been built up in "old" Ethyl but had never been unleashed. His vision and his research-oriented outlook were the key to unlock Ethyl's diversification efforts. ETHYL REPORTER: Can you describe the func tions of the Executive Committee? MR. HERZOG: The Executive Committee is a committee of the Board of Directors. As such, it has most of the powers of the Board, within certain limits as detailed in the by-laws of the Corporation. It can and does act for the Board between Board meetings. It may not do certain things--like declaring dividends. The Executive Committee approves all capital ap propriations greater than $10,000. The Com mittee continually monitors the results of the Company's efforts. Once a month, it reviews the financial results and these are presented to the Board in capsule form. The heads of departments and divisions regularly review their activities for the Committee. In addition, we periodically look at long-range plans. The Committee also concerns itself on a regular basis with the results of R&D efforts. Dr. Gautreaux, head of R&D, is normally present at every meeting, and his input is most valuable. ETHYL REPORTER: You have touched upon a number of memorable experiences. Is there something else unique that stands out? MR. HERZOG: One incident took place that I didn't even realize while it was taking place. When I first came down here I was a pretty skinny fellow. I weighed about 142 pounds. At 6 feet one inch, it looked like a good stiff breeze would blow me away. During the early war years, we were working on the recovery of aluminum from any source we could find in order to provide catalyst for ethyl chloride manufacture. In one of our projects, we made enough to cast aluminum "pigs." I was work ing on this project and we cast them in the same molds that were used for lead pigs. All of our lead was pigged in 100-pound molds in those days. Well, I picked up two of the aluminum pigs--one in each hand. They only weighed about 25 pounds each. Then I went marching through the plant and people thought I was toting two 100-pound lead pigs! My reputation as a strong man was phenomenal. I never realized the impression I made until much later. ETHYL REPORTER: What do you do in your free time? MR. HERZOG: My wife, Justine, and I belong to a duplicate bridge club that we and some other Ethyl folks started in Baton Rouge in 1941. We also like to walk. I've been involved with the Baton Rouge Symphony over the years and the United Givers Fund. These days, Justine is much more active in community projects than I am. NAY-IUNE 1977 PACE NINE n 250 ETC Reptiles Are Hobby for Ethyl Researcher There are always snakes at Gerhard O. Kuehnhanss' house in the Sherwood Forest sec tion of Baton Rouge, but there is no cause for alarm. For Mr. Kuehnhanss, senior research chemist in industrial chemicals research, R&D, at the Baton Rouge Plant, has been collecting snakes and other reptiles since 1967. A native of Erfurt, Germany, and holder of chemistry degrees from the University of Jena and the University of Frankfurt, Mr. Kuehn hanss joined Ethyl in 1964. Because the weather here is so different from what they were accustomed to in Germany, he and his wife got interested in snake collecting as an outdoors activity. Slid* Collection In addition to collecting snakes, he also takes pictures and now has more than 2,000 slides. He is most interested in non-poisonous snakes. He has also donated some of his snakes to zoos where he sometimes takes pic tures of snakes that he does not have. He can recall one time, with more than 60 kinds of snakes on hand, when he had "families" total ing more than 80 baby snakes. Snakes that he doesn't contribute to zoos he takes back to the swamps or to the habitat from which he obtained them. The collector handles a com snake found on a Baton Rouge driveway. A non-poisonous, powerful constrictor, the corn snake is known for its vivid colors. Cerhard Kuehnhanss holds a non-poisonous green iguana. The reptile is indigenous to northern South America and feeds on roman salad. Mr. Kuehnhanss says there are two groups of poisonous snakes--the pit vipers, which have a pit in the side of the mouth and "cateyes," the coral snake that is brightly colored (red, yellow and black) and has round eyes. Among the pit vipers is the cottonmouth, copperhead and rattlesnake. The researcher and his wife are always ready to pass on the information they have gained about snakes. They show individuals and groups their large collection of slides. Every Thursday, during the summer, he has open house from 5 to 7 p.m. for anyone who wants to come and see his collection. He has invited several Scout groups and school classes to visit his home. In addition, he visits schools on request to give talks on snakes. Ethyl's Rank Rises The Company's ranking in the annual for tune 500 listing has been raised to 194 com pared to 195 in 1975. fortune Magazine annually publishes a directory of the largest iiy dustrial companies. The listing, based on total sales, also ranked Ethyl at 163 in net income, 188 in growth rate over the past 10 years and 194 in assets. In the annual forbes' Magazine directoiy Ethyl was listed at 300 in sales compared to 299 in 1975. Forbes' also listed the Company at 260 in net income, a drop from 244 in 1975. The difference in the ratings results from separate evaluation methods. Fortune only ilists industrial corporations, while Forbes' sys tem includes banks, railroads and retail con cerns. Plant Manager Named Dean D. Denton has been named plant t manager of the Plastic Group's VCA/Ethyl t California plant in Pomona, Calif. Mr. Denton was formerly with the IMCO Container di vision for 22 years, most recently as plant man ager in Pittsfield, Mass. He had been plant manager in Pittsfield since April 1976 and previously was plant manager at IMCO plants in Goleta, Calif., and Rockaway, N. J. In addition, he has held sev eral assignments at IMCO plants in Kansas City, Mo., and La Mirada and Union City, Calif. The Pomona plant, which is under expan sion, manufactures injection molded plastic products, including jars and closures. Championship Season for Ethyl Team The Ethyl Sterling Erie <Penn.) Youth Hockey Team won the 1976-77 Pennsylvania State Youth Hockey Champion ship held in Pittsburgh in late March. The team is sponsored by die Plastic Croup's Sterling plant in Erie. PACE TEN ETC 17251 Bulk Rate U.S. `Postage PAID Ethyl Corporation anr c $3. 19: fo 83 fir inSh 19 Si n< a i 25 >m b, tlsf - It fe 1' TS S s ETHYL REPORTS ?s lal For4 comne an;est in- ranked th rate rectory ired to mpany 1 1975. s from 2 only rs' sysil con- Economic Program Held for Teachers 1 plant v/Ethyl )enton er dit manrtsfield plant f., and d sev<ansas , Calif, `xpanplastic `ORTER Quentin Hall (center) describes some of the Baton Rouge Plant's operations to teachers during bus tour of facility. Sales, Income Set 6-Month Records Sales, net income and earnings per share $3.4 million after-tax gain from the sale of for the second quarter and first six months of Ethyl's investment in Cooper Laboratories 1977 were the best for any second quarter stock and an approximate $3 million after-tax and first half in the Company's history. Ethyl adverse effect from the settlement of a suit by announced on July 20. a foreign purchaser of certain VCA Corpora Sales for the second quarter of 1977 were tion patents and from the cancellation of an 5334.741.000, up 15%, compared with $292,- expansion of Ethyl's MMT facilities. The results 193,000 for the same quarter a year ago. Sales of the first six months of 1977 reflected a $1.7 for the first six months of 1977 were $628,- million capital gain on the sale of 60% of 838.000, up 15%, versus $547,547,000 for theEthyl's investment in stock of the Kentucky first half of 1976. River Coal Company, reported in the first Net income for the second quarter of 1977 increased to $21,824,000, up 14%, or $2.13 a share, on a fully diluted basis, compared with 1976 second-quarter results of $19,206,000, or 51.73 a share. For the first six months of 1977, net income rose 15% to $39,455,000, or $3.76 a share, on a fully diluted basis, versus $34,258.000, or $3.08 a share, for the first six months of 1976. The per-share earnings are based on the assumption of full conversion of fhe $2.40 second preferred stock. The perihare earnings on a primary basis (before di quarter. Petroleum chemical sales were up in the second quarter primarily because of higher prices necessary to offset increased costs. In dustrial chemicals continued their rate of higher shipments in the quarter. Sales of plas tics were up principally reflecting higher prices. Aluminum sales benefited both from higher volumes and prices, although costs continued to increase. Elk Horn Coal's revenues in creased in the second quarter as cold weather conditions eased. F. D. Gottwald, Jr., chairman of the board, lution from the $2.40 second convertible pre said: "Our first-half results reflected increases ferred) were $2.46 in the second quarter of in all areas except international markets, which '977 versus $2.00 for the second quarter of had an unfavorable first quarter. We are 1976 and $4.33 for the first half of 1977 versus pleased with our results for the first half and S3.S3 for the same period a year ago. The re we continue to anticipate a record year in mits of the second quarter of 1977 reflected a 1977." Ethyl continued its program of economic education in August with a pilot program tested in Baton Rouge. Eleven Baton Rouge high school teachers participated in the weeklong program designed to acquaint them with the day-to-day operations and economics of the chemicals business. The teachers spent a week at the Baton Rouge Plant and Tower. Among other activ ities, they attended a meeting of the Executive Committee, heard presentations on Ethyl's finances, research, manufacturing, employee benefits and history. Town They were conducted on tours of plant medical, central shops, the R&D labs, data processing and other areas, gaining an over view of all routine operations in Baton Rouge. Coordinating the teacher orientation pro gram were Quentin Hall at the Plant and Al Friedrichs at the Tower. Both were assisted by a number of fellow employees. During their week with Ethyl, the teachers viewed the Company's new multimedia presentation-- "Changing: To Serve a Changing World." Assisting with the presentation to the teachers was Joe Gilbert of the training department at the Plant. Othar Aclivitia* Earlier this year, a number of Baton Rouge employees took part in a Chamber of Com merce Business Profession Teaching Day. Em ployees discussed their work with high school students and, in turn, received insight into problems faced by the students. Representing Ethyl were E. V. Trahan, B. J. LoFasso, Mike Parker, Bill Strawbridge, Edwin Wilbourn, Roger Banks, Jack Ritchie, Quentin Hall, Oran Ritter, Gary Ethridge and Leo Broders. Dividends Declared The Board of Directors on July 28 de clared regular quarterly dividends of 42V3 cents a share on the common stock and 60 cents a share on the $2.40 second convertible preferred stock of the Corpo ration. The Board also declared regular quar terly dividends on the 6% Series A and 7%% Series C preferred stock. All dividends are payable October 1 to shareholders of record September 16. ETc 17252 Vol. 15 JuJy-August 1977 No. 3 Published bi-monthly for the approximate 17,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications department, 330 South Fourth Street, P. O. Box 2189, Richmond, Virginia 23217. Edited by ROB BUFORD and RAY KOZAKEWICZ F. D. COTTWALD, JR. Chairman of the Board BRUCE C. COTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK J. McNALLY Vice President and Treasurer ENVIRONMENTAL DECADE During the past decade a word has come out of the dictionary to become one of the most familiar of household words today-- environmentalism. Environmentalism has resulted in the creation of more new private organizations and new federal departments of government than any era since Franklin Roosevelt. A recent article in Sports Illustrated noted: "Environmen talism has occupied more of us, cost us more, made more work for us than any other social reform movement of our time. In 1976 alone the country spent $34.8 billion on pollution control --some $90 million a day." Unfortunately, industry has been blamed for destroying the environment and, in particular, the chemical industry has come under attack for producing untold products that can cause "en vironmental cancer." A guest editorial in a recent issue of the lournal of the National Cancer Institute has put this complicated question in perspective. It concluded that "lifestyle factors such as cigarette smoking, al cohol consumption and improper diet are the prime causes of 'environmental cancer'" and that food additives, air and water pollution and toxic chemicals in the workplace are relatively minor contributing factors to the world's cancer problem. There is no doubt that the majority of the money invested in the environment have been beneficial and important. Neverthe less, efforts being made to control factors in our general en vironment that increase the risk of cancer are wasted if adequate attention is not addressed to our lifestyle. SAVINGS BONDS It's U.S. Savings Bond campaign time again this fall. In the more than 30 years the Company has sponsored bond drives, countless employees have wisely chosen to purchase bonds, many of them through the painless and automatic payroll deduction method. Today, more than one out of every three families in the United States own Savings Bonds, and 60% of those bonds are pur chased through the Payroll Savings Plan. There is no safer invest ment you can make. This fall also brings with it United Way or United Givers Fund campaigns. No matter what the name, these funds go to support many vital community services on which we all depend. They include the American Red Cross, nursing associations, safety councils, family and children's services, guidance clinics and re habilitation services, to name a few. Ethyl employees have a fine record of support in this area. Let us continue. newscope Ter Dr. C directorThree Baton Rouge Plant employees were recognized departm Rouge T cently for their lifesaving efforts. Duke Hartfield of store and services is credited with saving the life of a departmei store employee by using mouth-to-mouth resuscitation atter the victim suffered a severe seizure. Wanda Spiers of medi. cal used cardio-pulmonary resuscitation on a 21 -month-olt child who had fallen into a local river. And pipefittermachinist Josh Smith of PVC maintenance pulled an elderh couple from their burning trailer, saving their lives. Bolt Mrs. Spiers and Mr. Smith received the Life Saving Awvi from the Safety Council of Greater Baton Rouge. with Eth Peggy Bailey, secretary to the Magnolia plant manager and mental manager of the brine field, has been voted president-elec mangan of the Magnolia (Ark.) chapter of the Business and Profes A na sional Women's Club for 1977-78. years ir the Arg environ Dr. 1 P lant Manager David W. Smith of the Fremont, Calif., Vis chemist Queen Film Products Division has been elected presider in 1958 of the Washington Township Industries group for the com Michig; ing year. Mr. Smith also is a councilman and vice-mayor to the nearby city of Newark. Sc The Canada Beth Claybaker, wife of Magnolia brine field superintendent lames . Keith Claybaker, has been elected to the Columbia Counn (Ark.) Treasurer's post, defeating the incumbent of 17 years He is and M son. K Mrs. Claybaker was also appointed by Gov. David Pryor praces head the county's anti-litter drive. Corun plant. The . Simps Asa hobby, Robert Waltman, the Engineering department (he jci superintendent of project design, Baton Rouge, and he Sciencdaughter Kay cook a variety of Scandinavian breads, pastrie 0f \ye and sweet rolls. The two were featured in a recent Bator The Rouge State-Times article about their hobby. Mr. Waltma (j,e co enjoys other hobbies such as wood carving, car repair for coaching basketball and generally being a jack of all trade been - + 1 since ' orR ichard W. Goodrum, general manager of the VisQuee'j Film Products Division, Baton Rouge Tower, has bee The elected a director-at-large for the Society of the Plastic ties w Industry. to ma specti An held IMCO Container Company's Greg Conace was promote Saturc to district sales manager and will be based in Tarrytow*: anniv- N. Y. Dick Crawford will handle New York City area sals were and continue to head Hunt Valley, Md., sales. j work venire Th. 25th Ethyl of Canada, Ltd.'s Dave Chiu has become manager- with planning and development. Ed Banik has become engines, ing manager. Also, John McCartney has been appointed! the St. Clair Parkway Commission by the Provincial Govern ment for a three-year term; Cary McKinalay was elects and t to be ThDirec plant vice-president of the Administrative Management Socie* F. D. while )ohn Slobodnik was nominated by the Association Man Professional Engineers for its annual Citizenship Award. ETC 17253 IUL' ETHYL REPORT e Ter Haar Promoted Dr. Cary Ter Haar has been promoted to lector--toxicology and industrial hygiene department, headquartered at the Baton agnized re- looge Tower. He had been acting director of d of stores the department since department it was created 18 tation after months ago. rs of medi. He transferred to the -month-old department from Re pipefitter- search & Development an elderly at the Detroit Research lives. Both Laboratories and re ing Awart ports to Dr. M. F. Gautreaux, senior vice president--R&D. C. Ter Haar Most of his 15 years ith Ethyl have been concerned with environ- inager and nental matters related to the use of lead and ident-elect nanganese in gasoline. nd Profes- A native of Michigan, he also spent two tars in R&D in Baton Rouge and a year at jc Argonne National Laboratory working in environmental research. Dr. Tqp Haar received his B.S. degree in Calif., Vis- chemistry from Hope College, Holland, Mich., president n 1958, and his Ph.D. from the University of the corn- Michigan, also in chemistry, in 1962. mayor for Scholarship Recipient The winner of the Ethyl Corporation of Canada, Ltd., Family Scholarship for 1977 is intendent ia County 17 years. I Pryor to lames Andrew Simpson of Corunna, Ontario. He is the son of Mr. and Mrs. C. H. Simp son. Mr. Simpson is a process foreman at the Corunna chemical slant The younger Mr. iimpson will attend iartment'5 die School of Arts and and his sciences at University s, pastries ol Western Ontario. ent Baton The scholarship pays ). A. Simpson Waltman the cost of tuition and other compulsory fees ar repair, for up to four years. One scholarship has all trades. seen awarded each year by Ethyl of Canada since 1970. v/isQueen Open Houses Are Slated las been The Company's two largest chemical facili e Plastics ties were to hold open houses in September io mark their 40th and 25th anniversaries, re spectively. An open house in Baton Rouge was to be neld for employees and their families on rromoted Saturday, September 17, to celebrate the 40th arrytown. anniversary of the Plant. Features of the day irea sales ereto be bus tours, walking tours of selected *ork areas, displays of equipment and sou- 'enirs of the occasion. The Houston plant was to commemorate its filh Anniversary on Saturday, September 24, anager-- jngineefDinted to Governs elected Society, riation of .ward. *ith a special day of activities for employees and their families. Included in the events were io be tours and displays. The September meeting of Ethyl's Board of Directors was scheduled to be held at the Piant on Thursday, September 22. In addition, f. D. Gottwald, Jr., was to address the Houston Management Club on September 22. tPPORTC* :AY-AUCUST 7977 Photo Courtety of Santa Fe Railroad Magazine Everett Clough aboard his miniature train. Trains Are Long-Time Hobby for Clough Although Everett Clough is supervisor of Ethyl's Los Angeles terminal, where antiknock compounds and other petrochemicals are stored and shipped, he really works on a railroad. But it's not the kind of railroad he can watch from his office, which is located across the tracks from the Santa Fe Watson yard office. It's the kind of railroad he can work on after office hours. Mr. Clough for many years has been build ing the Dover, Springfield and Sacramento, a 300-foot long scale model railroad. The first piece was a 350-pound, one-eighth scale, Wabash Mogul steam locomotive which took an estimated 10,000 man-hours to build, spread over a two and a half year period. Since then he has built three seven-foot long gon dolas, and his latest addition, a ATSF 999154 Santa Fe caboose--his pride and joy. The caboose was built entirely with his own hands, and is accurate right down to the movable cupola windows, latrine doors, and bunks. Except perhaps the plaid bedspreads on the bunks--his wife Florence made them. The locomotive and tender went into serv ice ten years ago and every part that Mr. Clough was able to machine in his garage, he did. As a summer project, his son Gene started the track which circles the Clough home in Long Beach, Calif. Gene is currently Educational Posts Board Chairman F. D. Gottwald, Jr., has been elected to the board of directors of the Council for Financial Aid to Education, a non profit organization which promotes support for higher education from the corporate com munity. Chairman of the Council is Clifton C. Garvin, Jr., chairman of the board of Exxon. Also recently. President Bruce C. Gottwald was elected to the board of trustees of the Medical College of Virginia Foundation. The MCV Foundation provides funds for scholar ships, lectures, special projects and research at the hospital, located in Richmond. a physics professor at California's Institute of Technology. Now at different times you can see neighborhood children piled high on the gondolas with Mr. Clough seated on the tender operating the train. "The locomotive could pull 25 people if they could all fit on the cars some way," Clough said with pride. Unlike some other scale model buffs, Mr. Clough puts the em phasis on running his train. "I've run for six hours at a time with no problems," he said. "My secret is to put half a teaspoon of oil into the boiler water." Though Mr. Clough has a complete train now, he doesn't intend to end the hobby. In the future he hopes to build a smaller scale Pacific locomotive. New Post for Babcock Glenn W. Babcock has been promoted to sales manager--international petroleum chemicals division. A native of Midwest, Wyo., Mr. Babcock most recently was mar keting coordinator for the division. He joined Ethyl in 1953 as a lab oratory technician in gasoline testing and has held various sales and technical posi tions, including sales director--Ethyl S.A. in Brussels. C. W. Babcock He received a B.S. degree in chemistry from Tarkio College, Tarkio, Mo., in 1953. Mr. Bab cock will continue to have his office in Baton Rouge. In other promotions in International, Rob ert E. Fields becomes manager--planning, methods and systems, Frank R. Villafana has been named superintendent--industrial en gineering, both in the plans and controls group at the Tower, and Joseph L. Beto has been named product manager--International Industrial Chemicals Division. ETC 17254 PACE THREE Bordelon, Others Promoted in ICD Ted J. Bordelon has been promoted to con troller--industrial chemicals division at the Baton Rouge Tower. He had been budget supervisor since October 1975. Mr. Bordelon succeeds William J. Splaine, who has retired after 32 years of service in a number of finance as signments. Mr. Splaine became controller when the division was formed in 1964. A native of Marks- ville. La., Mr. Bordelon joined Ethyl in May 1967 as a junior ac countant in industrial T. J. Bordelon chemicals. He received a B.S. degree in busi ness in 1966 from Louisiana State University. In several other appointments in industrial chemicals, Roy H. Munster has been named marketing manager--general chemicals, Clem W. Maassen succeeds Mr. Munster as Eastern Region Manager and William W. Brydon be comes manager--marketing services. Mr. Munster joined Ethyl in 1964 as a sales representative and was a district sales man ager before being named northeast region sales manager in 1968. Mr. Maasen joined the Company in 1957 as a chemical engineer in R&D, Detroit. He had been a product manager in industrial chemicals since October 1970. Mr. Brydon joined Ethyl in July 1957 as a tech nical services engineer, R&D, Baton Rouge, and had been marketing manager--general chemicals since 1974. Edwin Cooper Retiree ^ All F. Co/e (right) recently retired from Edwin Cooper, Limited, in Bracknell, Berkshire, England, after completing 46 years of service. Mr. Cole, who was art origin*! employee of Edwin Cooper, received a silver tray from lames A. Hancock (left), Edwin Cooper Division president, at a retirement party. I r '( Golf Championship for Jenny Lidback It came as quite a surprise when 14-yearold Jenny Lidback of Baton Rouge won the Louisiana State Junior Girls' Golf Champion ship. "I can't believe it," she said after defeating her 17-year-old competitor, Kay Loflin, 6 & 5. Jenny is the daughter of Arne P, Lidback, su pervisor--sales analysis and control, for the International Petroleum Chemicals Division in Baton Rouge. It was expected that both girls would make the finals after they had shared medalist honors with three-over-par 75s in the quali fying round. But in the final round, Miss Loflin fell apart, spraying shots all over the tight course and Jenny waited to take advantage of her mistakes. And take advantage she did. While Miss Loflin went out of bounds and took penalty shots for an unplayable lie and balls lost in the water, Jenny strayed from the fairway only a couple of times. Jenny has only been playing golf for three and a half years. She began taking lessons in Rio de Janeiro, Brazil, with the encourage ment of her mother, and now takes a 45minute lesson once a week. Though she would like to be a professional golfer one day, Jenny also plays volley ball at school and swims on the Sherwood Forest club team. Next year she plans to be a member of Broadmoor High School's boys' golf team. "I really like golf because my parents play it and so do my brothers," Jenny said. Mr. Lidback and son Percy (16) are five handicappers and Mrs. Lidback is a seven-handicapper. Sister Annie (16) is a tennis enthusiast and brother Alex (11) is on his way to joining the other golfers in the family. Next year the girls' state golf championship will be held at Sherwood Forest Country Club, Jenny's home course. She has a good chance to keep her title. Baton Rouge Management Club Hew officers of the Baton Rouge Management Club for 1977-78 are: (left to right) Michael Parker, secretary; Hiram May, vice president; Kenneth Eiswirth, president and lames Ray, treasurer. Mr. Parker works in industrial engi neering, Mr. May in maintenance, Mr. Eiswirth, in engineering---all at the Baton Rouge Plant--and Mr. Ray works in the Plastics Croup at the Baton Rouge Tower. McDearman Becomes Greek Plant Manager Victor L. McDearman has transferred to Thessaloniki, Greece, and will become plant manager of the Ethyl Hellas Chemical Com pany's plant. He reports to E. G. Amolochitis, managing director--Ethyl Hellas. Mr. McDearman had been chief supervisor --tetraethyl lead oper ations at the Baton Rouge Plant since Au gust 1975. He joined Ethyl in May 1966 as a chemi cal engineer at the NPlant, and has also Ai held supervisory posi V. L. McDearman tions in PVC operations and tetraethyl lead operations. Mr. McDearman received a B.S. degree i chemical engineering in 1967 from Mississippi State University and an M.B.A. in 1975 from Louisiana State University. oAr.e cm ip ETC 17255 ETHYL REPOT- tthyl Researchers Gain Patent Recognition A number of patents have been awarded a Ethyl researchers and technical employees . ^cent months. In Baton Rouge, G. E. Nelson was given nrte separate patents for an improved re action reaction, a process for synthesis of jlaii metal aluminum dihydrocarbon dihyiides and for a process for synthesis of triiftali metal aluminum hexahydrides; W. T. jjvis received a patent for amine synthesis iing mixed olefin feed, T. E. Lee was granted i patent for aluminum alkyl disposal and Cooper, ter comply, s an origin^ 'er irY iron vision pres/- C. R. Bergeron was given a patent for phosjhonitrilate polymer synthesis. Also, 1C E. Wiegand received a patent for inced sulfonic and carboxylic acid anhydride separation, K. K. Seth was granted a patent era method of recovering iodine from brines, T. F. Kao was given a patent for phospha- tene compositions useful as flame retardants br cellulosics, L. H. Shepherd, Jr., was panted a patent for polycyclic compounds aid R. D. Gorsich and W. J. DeWitt shared a utent for olefin sulfonate compositions with superior rheological properties. In addition, Or. Shepherd and E. P. Breiden- jack shared a patent with E. C. Woods of Houston for chlorobutyronitrile synthesis and purification, while R. H. Sanders received a patient for the preparation of an aluminum silicon alloy containing dispersed zircon. In the engineering department in Baton iouge, M. G. Dugas was granted a patent an a coating applicator tool for well casings and |. N. LaBorde was issued a patent for a dip-in-joist structural connection. In Detroit, C. H. Kolich, H. G. Braxton and l'. A. Lehikoinen shared two separate patents for the preparation of a flame retardant poly ester stabilized with specified phosphazene aid halophenoxyphosphazene fire retardants; 0. Sistrunk received a patent for a flame tsistant cotton/polyester substrate, and F. J. 'larsee received two patents for a fuel inducfon system and a "hot box" fuel induction Mem. erred to ne plant :al Com- Also, D. R. Brackenridge was granted a Mtent for a two-step bromination of an alkydene bisphenof, R. E. Malec shared a patent ith L. Plonsker, now with commercial devel opment in Brussels, on sulfurized Mannich lanaging condensate as an additive for lubrication oil; M. Niebylski was issued a patent for an "liaust gas system for use with MMT con fining fuels and Mr. Niebylski shared two other separate patents with E. B. Rifkin on two antiplugging agents for gasoline to reduce exhaust gas catalyst plugging. Ethyl Hllu Exhibit Ethyl Hellas recently took part in an exhibition tor the environment in Athens, Greece. Deputy Minister of Industry and Energy A. Katsaounis (left) was among a number of Greek government officials and dignitaries to attend. [4s*! Sfety Award Winner of the first annual safety award for the VCA Molded Products Division is the division's Excelsior Springs, Mo., plastics plant. The plant's performance was judged the best of the IS plants in the division tor 1976. Shown with the award are: (left to right) Norman Martin, lackie Johnson, Bill Heavelow, R. C. Martin, Russell Martin, Mary Smith, all members of the Safety Committee at the Plant, and Rodney C. Rounkles, plant manager. H. Watkins Ellerson H. Watkins Ellerson, Jr., a former vice President of Albemarle Paper Manufac turing Company, died August 29,1977, in Richmond. He was 60 years old. Mr. Ellerson joined Albemarle follow ing his graduation from Virginia Military Institute in 1939. He left the Company as a vice president in 1964 to pursue private business interests. He was the son of Henry Watkins El lerson, who served as Albemarle's presi dent from 1907 until his death in 1941, when he was succeeded by Floyd D. Gottwald, vice chairman of Ethyl's Board of Directors. Mr. Ellerson is survived by his wife, Mrs. Frances Thompson Ellerson; a daughter, Miss Elizabeth Bryan Ellerson of Richmond; two sons, H. Watkins Eller son, III, of Orange, Va., and James Patteson Ellerson of Charlotte, N.C.; and a sister, Mrs. Osmond T. Jamerson of Richmond. Funeral- services for Mr. Ellerson were held August 31 with burial in Richmond. Scholarship Information Children of all Ethyl employees in the U.S. who will complete high school and enter college in 1979 may enter the competition for Ethyl Merit Scholarships by taking the 1977 PSAT/NMSQT on either Tuesday, Octo ber 18, 1977, or Saturday, October 22, 1977. The school selects the date that is most con venient for its schedule. To register for this test, students should see their high school principal shortly after returning to school in September. All 1979 Ethyl Merit Scholarship winners will be chosen from among the employee children who qualify as semifinalists, based on their 1977 PSAT/NMSQT scores, and then advance to finalist standing in the 1979 Merit Program. No special entry blanks are needed. In the fail of 1978, students who qualify as semifinalists will be sent semifinalist applica tions on which they will be asked to identify their parents' employers. These students should enter on this application 'Ethyl Cor poration' and the name of the division or subsidiary. IMCO Appointments rman lyl lead ;gree in ssissippi 75 from At IMCO Container Company of Canada, him Robson has been promoted to manuiiduring manager for both the Mississauga, Ontario, and Drummondville, Quebec, plas'fcs plants. He will continue to be plant manai*r for the Mississauga plant. Mr. Robson joined IMCO in 1957 as a shift iceman and has subsequently been quality control supervisor, production manager and ?bnt manager at Mississauga. At the Drummondville plant, Keith Sansctagrin has joined IMCO as plant manager. EPORTlt -nr-AUCUST 1977 Capitol Products Salutos Operators in recognition of the role the switchboard operators play at Capitol Products in Mechanicsburg, Pa., a dinner was held. (Left to righti Kate Watson, lanet Potts, lulie Ford, Kathy Enrenzeller, Sandy Bricker, lean Heagy, lanie Kane. Bonnie Bogelson, and Sherry Potteiger. etc 17256 PACE FIVE For Scientists, Engineers Fra Base Units in Metric System Are Reviewed F Editors' Note: This is the last in a three-part series of articles concerning the metric system by Ted ). Carron, manager--management de velopment and training, Richmond. Mr. Car ron represents Ethyl on the American Petro leum Institute's Ad Hoc Task Croup on Metric hertz, abbreviated Hz, wmch is one cycle per second. Standard frequencies and correct time are broadcast from WWV, WWVB, and WWVH and stations of the U.S. Navy. Many shortwave receivers pick up WWV and WWVH on fre quencies of 2.5, 5, 10, 15 and 20 megahertz. at the temperature of freezing platinum (2045K) under a pressure of 101,325 newtons per square metre. Angular Measure--There are two supple, mentary units, not presently classified as base units. The radian is the plane angle between Conversion. Employees who would like to Electric Current--The ampere is defined as two radii of a circle, which cut off an arc on have a wallet-size metric conversion card that constant current which, if maintained in the circumference equal in length to the radius should contact Mr. Carron's office in Rich two straight parallel wires of infinite length (abbreviated, rad). The steradian is the solid mond. and negligible circular cross section, separated angle which, having its vertex in the center In this final article, we will elaborate on our discussion of the metric measures of length, mass, time, temperature, area and volume. And we will introduce some new measures. This discussion will be of interest primarily to scientists, engineers and students of the physical sciences. There are seven base units in the SI: Length--We originally referred to the pro totype metre in Sevres, France. The metre has now been redefined as 1,650,763.73 wave lengths in vacuum of the orange-red line cor responding to the transition between the levels 2p10 and 5d5 of the krypton-86 atom. Meas urement is made by means of an interfero meter. Mass--The unit of mass is the international platinum-iridium prototype kilogram in Sevres. The U.S. National Bureau of Standards has a duplicate of this prototype. The kilogram is the unit of mass and not of weight or force. Time--SI defines the second as the dura tion of 9,192,631,770 cycles of the radiation corresponding to the transition between the two hyperfine levels of the ground state of the cesium-133 atom. The National Bureau of Standards has an atomic beam spectrometer that counts the number of oscillations by tuning an oscillator to the resonance frequency by one metre in free space, would produce of a sphere, cuts off an area of the surface ol a force between the two wires of 2x10-' new the sphere equal to that of a square with sides ton for each metre of length (abbreviation, A). of length equal to the radius of the sphere Thermodynamic Temperature--Although (abbreviated, sr). we have previously discussed the Celsius Note that abbreviations always appear with, temperature scale, this is now considered to out periods and are generally not capitalized. be a secondary standard. The SI unit of tem The exception occurs with units derived from perature is the kelvin, abreviated K (not K). proper nouns. The abbreviations of such units It is defined as 1/273.16 of the thermodynamic are always capitalized temperature of the triple point of water. It is measured by a special cell and an evacuated glass cylinder containing pure water. When the cell is cooled until a mantle of ice forms around the re-entrant well, the temperature at the interface of solid, liquid and vapor is 273.16K. A temperature of 0-K is called "ab solute zero." One degree Celsius is equiva lent to one K, but only the kelvin scale has a true zero point. Amount of Substance--A mole (abbreviated mol) is the amount of substance contained in a system having as many elementary entities as there are in 0.012 kilograms of carbon-12. The entities must be specified as atoms, mole For further information on SI, the reader 's referred to NBS Special Publication 330, The International System of Units (SI), available from the Superintendent of Documents, Ui. C.P.O., Washington, D.C. 20402 at a price ol 80 cents. This is a translation approved by the International Bureau of Weights and Measures of its publication Le Systeme International d'Unites. A 15-page list of units and conversion factois is available on request from management de velopment and training in Richmond. It will be of interest only to scientists and engineers. A five-page list of thread sizes, drill sizes, cules, ions, electrons, other particles, or groups cutting speeds, etc. is also available. This will of particles. be of interest primarily to mechanical en Luminous Intensity--The SI unit of luminous gineers intensity is the candela, abbreviated cd. The candela is the The following CCS units are not to be used with the InternationaI System, although they will probaby die a hard death. of the cesium-133 atoms as they pass through luminous intensity of Name Symbol Value in SI units a system of magnets and a resonant cavity into 1/600,000 of a square a detector. The SI unit of frequency is the metre of a blackbody There are a number ol derived units whose definitions are apparent from the following table. St unit erg dyne poise stokes gauss erg dyn P St Gs, G 1 erg =: 10"' J 1 dyn = 10- N 1 P = 1 dyn*s/cm' = 0.1 Pa* a 1 St = 1 em'/s = 10- m'/s 1 Gs corresponds to 10"* T Quantity Name Expression Sym in terms bol of other unite Expression in terms of SI base units oersted maxwell stilb phot Oe 1 Oe corresponds to A/m Mx 1 Mx corresponds to 10- Wb sb 1 sb = 1 cd/cm' = 10*/m' ph 1 ph = 10` lx frequency force pressure, stress energy, work, quantity of heat power, radiant flux quantity of electricity, electric charge electric potential, potential difference, electromotive force capacitance electric resistance conductance magnetic flux magnetic flux density inductance luminous flux illuminance hertz newton pascal joule watt coulomb volt farad ohm siemens weber tesla henrv lumen lux Hz N Pa N/m* J N-m W J/s C A-s V W/A F C/V 0 V/A s A/V Wb V-s T Wb/m* H IVb/A 1m ix S"* m-kg-s-- m^-lcg-s"1 m'-kg-s"' m'-kg-s-- 8-A m*-kg-s---A-1 m-'-kg-'-s'-A' m'-kg-s---A-- m-'-kg-'-sf-A' m'kgs-'-A'1 kg-s---A-- m'-kg-s-'-A-1 cd-sr (*) m---cd-sr (*) The following units should also be avoided. Use SI units instead of them. Name Value in SI units fermi metric carat torr kilogram-force (kgf) calorie (cal) micron (is) X unit 1 fermi = 1 fm = 10"" m, 1 metric carat = 200 mg = 2 X 10- kg 1 torr = -107160325-Pa 1 kgf = 9.806 65 N 1 cal = 4.186 8 J 1 n = 1 pm = 10"* m 1.002 x lOT'nm gamma (y) r A 1 y = 1 nT = 10- T 1 y = 1 /ig = 10- kg 1 A = 1 = 10- 1 edit with l and t New pany'.Imanr 1967 Bor degre degre He a Grad* plete Court 1942fxehc tains FTH MR. had re-jt in i; was Spe sidi I dt tior per FTF abc MR Bui tow Co: era ing pla wh in. Sp, rewa op ET na M co di I dt ar fe di di di r St n S' h b P v ( s f { f () In this cKpuMloo tha stcmdiaa (it) It treated at a bare unit. ure erv ETHYL REPQrt\ ETC 17257 [tank J. McNally 3d Financial Activities Have Become Complex platinum newtons suppleas base between i arc on ie radius he solid ; center rface of ith sides sphere ar withitalized. ed from ch units eader is 30, The vailable its, U.S. price of i by the .easures national tdftors' Note: This is another in a series of interviews .ith Ethyl employees. Frank J. McNally, vice president ^ treasurer, joined Ethyl in 1946 as an attorney in York. He held several key positions in the Comjny's tax department before 6e/ng named director of fitnce in 1960. He was elected treasurer of Ethyl in ^7 and vice president in April 1977. Horn in New York City, Mr. McNally received a B.A. jtgree in 1937 from Manhattan College and an LL. B. ifgree from Columbia University Law School in 1940. k also studied accounting at New York University's Induate School of Business. In addition, he com- Harvard University's Advanced Management 'wne in 1956. Mr. McNally was a Naval aviator from m-45 and was an attorney with the Securities and Uchange Commission before joining Ethyl. He main3ins his office in Richmond. THYL REPORTER: What led you to join Ethyl? SIR. McNALLY: At the end of World War II, I had re-employment rights with the SEC and I re-joined them, but I was looking for a job in industry. Through Columbia Law School, I ns recommended for an interview with Ethyl Specialties Corporation, which was a sub sidiary of Ethyl. I was hired as house counsel. I drafted contracts, advised on trade regula tion legal problems-- including pricing--and performed other general legal work. \ factors ent de. It will gineers. I sizes, his will :al en- s THYL REPORTER: Can you recall any details ibout Ethyl Specialties? HR. McNALLY: We started out in the Chrysler Building in New York. Then we moved downrawn to 17 West Street, near Wall Street. Ethyl Corporation conducted the manufacturing op erations. Bob Herzog was on the manufactur ing end. The first time I met him, he was at a plant in New Jersey where he was running what appeared to me to be a outboard motor m a wooden barrel trying to mix some liquids. Specialties bought the product from Ethyl and is-sold it. Mac Murdock, a former director, was in charge of sales. The whole Specialties operation consisted of more than 100 people. ETHYL REPORTER: How did you enter the fi nance side of the Company? MR. McNALLY: Specialties lost money for a 1 couple of years and a decision was made to dissolve the subsidiary. With the dissolution, I was asked if I wanted to get into the tax department. My work involved the general ea of taxes--property, state, income and federal. Dave Mitchell, who headed the tax division, left about a year after I joined the tax division and I followed him as head of the tax division. )-* kg ETHYL REPORTER: Would you like to make some comments about the growth of the fi nance department during the past 25 years? >ORTCf MR. McNALLY: The finance activity at Ethyl has grown enormously--not only in the num bers of people, but in the variety and comolexity of problems. In the early days, Ethyl was owned by General Motors and Standard Oil of New Jersey and reported only to the two stockholders through the Board of Directors. Now, as a publicly owned company, we are exposed to the entire range of disclosure re quirements of the Securities and Exchange Commission, as well as the accounting prin '.'LV-AUCUST 1977 ciples of the Financial Accounting Standards Board. ETHYL REPORTER: Can you describe the ac tivities of the finance department? MR. McNALLY: At Ethyl, the finance organiza tion reports to the chief financial officer, Larry Blanchard. Basically, we perform both treasury and controller functions. On the Frank J. McNally treasury side, we have internal audit, insur ance, payroll, cash management and tax. On the controller side under Jim Kirby and Jim Moran, we have the accounting and consoli dation group headed by Bill Powell, and fi nancial reporting headed by Pat Fitzpatrick. In addition, there are the procedures and manuals group and inventory control respon sibilities in Baton Rouge, we have the central finance group headed by Percy Richard, which provides a number of services to the division located there, and also to the manufacturing group. The concept here is that one financial group performs a lot of fundamental account ing services. The overall finance activity is a complex undertaking. We are now over a bil lion dollars in sales. The balance sheet and income statements that we publish in the Annual Report, are consolidated statements which represent the summary of literally mil lions and millions of transactions and account ing entries. It boggles the mind to look at a consolidated balance sheet and realize the worldwide scope of the values reflected on one statement. ETHYL REPORTER: Do you think there is a point where there are too many regulations to meet in the finance area? MR. McNALLY: You certainly have to wonder whether requirements which start out with a good and noble purpose, don't get bogged down and fail to achieve the desired objec tives. It is difficult to keep up with the new regulations. We have and will continue to do it, but it takes man power and a lot of work. whether the great efforts in this direction are productive and good. ETHYL REPORTER: You have a reputation as a camellia grower. Can you relate how you got interested in camellias and other flowers? MR. McNALLY: When I grew up in New York, the big social event was the formal dance with a big band in a big New York hotel. It was customary to get a corsage for your date and gardenias were common. However, the girls often complained about the gardenia turning brown. It was at this time that I ad mired the camellia, which cost $5 each. Al though it had no fragrance, it always seemed to hold up better. When I came to Richmond, I learned that you could grow these flowers in your own yard. When I asked about this, I was referred to a Richmonder named Frank Calkins, whose public accounting firm audited Albemarle's books. Frank agreed to give me guidance provided I joined the Richmond Camellia Society. I soon became active in this group and later became president--today I am the secretary and treasurer. I bought a greenhouse and started growing a number of different kinds of flowers. For many years, I had been fond of the poinsettia that is so beautiful at Christmas time. I began to spe cialize in poinsettias and gave them to my friends at Christmas as gifts. In Richmond, we have an informal Horticultural Society with Etta Grove, Angie Pascucci, Tom Martin and myself as members. ETHYL REPORTER: What are some of your other hobbies and activities? MR. McNALLY: I like to surf fish. I've been lucky enough on several occasions to partici pate in what they call the blitz of the Big Blues at the Outer Banks of North Carolina. Here in finance, Stuart Lee and Russell Gottwald are even more enthusiastic about fishing than I am. This summer, Stuart Holden caught a big rock fish, which qualified him for mem bership in our Ethyl Finance Anglers Club. I used to play a lot of tennis. I was lucky enough a few year's ago to win the men's singles championship at the Amackassin Club in Yonkers, New York, one of the oldest tennis clubs in the U.S., founded in 1892. I held the single's title for three years--1964, 1965 and 1966. In the last two years, my opponent in the finals was my son, Peter. One of the mem bers asked my wife, Eleanor, who she was rooting for? Eleanor answered, "You'll never know." ETHYL REPORTER: Is there anything else you would like to add about your career at Ethyl? MR. McNALLY: When I joined Ethyl, it was a good profitable, single product company. I certainly did not envision one day being a vice president and treasurer of an interna tional, billion dollar corporation in Richmond, Virginia. Being a native New Yorker, I never dreamed of working outside of New York. Speaking for myself, as well as many who joined me in coming to Virginia, we have found Richmond to be a wonderful place in which to live, work and to raise our families. PACE SEVEN ETC 17258 ETHYL DIGEST LOOKS TO THE FUTURE The Company has published its 1977 ETHYL DIGEST. "The Future" is its theme. Since the first DIGEST appeared in 1971, more than a half million copies have been distributed. The new edition includes in-depth articles by a number of leading authorities on the future in their respective fields. Professor Carl H. Madden of The American University explores the impact of the scientific revolution in a sweeping article entitled "Young Americans: Children of Revolution." He writes that "the children of the new revo lution of science will have to work and worry, invent and persevere, to protect the freedoms this country offers." In an article entitled "Technology Tomor row," Isaac Asimov, the noted biochemist and author, looks at the impact of technological change on the future of education. Professor Roger Revelle of Harvard University writes about food supplies and population, noting that "the chasm that divides the world, two groups of nations facing each other across the oceans, one rich and one poor, is primarily a modem phenomenon." SATURDAY REVIEW Editor Norman Cousins cites the need for international cooperation and hope. He writes: "The engineering of consent is one of the great arts in human so ciety today. I think the power is there, the response is there. I believe that this society at this particular time has more to bring to the resolution of human needs than any so ciety has in the past." A special section of the new DIGEST deals with the energy situation in light of President Carter's proposed program. Articles by Frank Breese, editor of NATIONAL PETROLEUM NEWS, and Professor John J. McKetta of the University of Texas are featured. Other contributors include the former Set. retary of Health, Edu cation and Welfare, David Mathews, no* president of the Uni versity of Alabama; Pollster George Caj I up, chairman of the Gallup Organization. Inc.; Futurist Herman Kahn of the Hudson Insitute; and the win ner of the Century ill High School Leaders Essay Contest, Jana Lyn Kenigsberg. Still other articles deal with the future d urban transportation systems, the economi and the coming of the metric system to tin U.S. Copies of ETHYL DIGEST are available from Corporate Communications, Richmond. / What's the Key Word at Ethyl Today? Ethyl Crosswords 9 10 12 18 ACROSS 1. Consults 6. Negative 7. Mineral source 9. Capacity for work 12. Massachusetts (Abbr.) 13. Throw 15. To be 16. Atomic Energy (Abbr.) 18. What Ethyl is doing 22. Article (Ger.) 23. Dal segno (Abbr.) 24. Young man 25. Away from 27. Compass point (Abbr.) 29. Los Angeles (Abbr.) 32. Univalent hydrocarbon radical 34. Skill 35. Male 36. Yes (Sp.) 38. Living room (Abbr.) 39. Silver-white metal 43. Molded substances DOWN 39 40 41 42 43 1. Ethyl's biggest area 2. Compass point (Abbr.) 3. Chance, luck 4. Rogers, Cohn and Clark 5. Mister (Sp., Abbr.) 6. Compass point (Abbr.) 8. Editor (Abbr.) 10. Poet Ogden 11. Proceed 14. Beach insect 17. Examples (Lat., Abbr.) 19. Tallies 20. What occurs at Ethyl every day 28. Compass point (Abbr.) 30. Warning signals 31. Warble 33. Same as 35 Across 34. As soon as possible (Abbr.) 37. Her Majesty's Ship (Abbr.) 38. Luke (Fr.) 40. Univ. of Ala. (Abbr.) 41. Objective pronoun 42. Nickel (Abbr.) tthyl Crossword* Is roprintod from the 1977 ETHYL DIGEST. Answers will appear in tho September-Ottober issuo of ETHYL REPORTER. They appear also on page *8 of tho DIGEST. PACE EIGHT Phillips Moves to Richmond Lawrence Phillips, formerly vice presidentfinance for VCA Corporation in Baton Roup, has been appointed assistant to Vice President and Treasurer Frank J. McNally in Richmond Mr. Phillips, a native of New York City, re ceived a bachelor's degree in business admin istration from the City College of-New York in 1941. He joined VCA Corporation in 1966 a vice president--finance and continued in those duties when Ethyl acquired VCA in 1974. A Certified Public Accountant, Mr. Phillips served in the Army, rising to rank of captain. 330 South Fourth Street P. O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED n/`o\ -R. /.' 2h t_( Bulk Rate U.S. Postage PAID Ethyl Corporation E: autf com incr con T will stoc holi ingl ber sha eac T the ing 50 of 1 eqt sto< rate I lar ETHYL REPOtW ETC 17259 IE r >rmer Sec* alth, Edu- Welfare, 2vvs, now the Uni- Alabama; 'rge Caln of the anization, Herman Hudson the win- entury III Jana Lyn Anniversaries Are Observed at Baton Rouge, Houston future of economy m to the lble from id. mond sident-- 1 Rouge, 'resident :hmond. City, re; admin York in 1966 as lued in in 1974, Phillips captain. Ethyl's two largest manufacturing plants celebrated important anniversaries during Sep tember. Employees at Baton Rouge marked that plant's 40th anniversary on September 17, and the Houston Plant held a similar observ ance of its 25th year of operation September 24. At Baton Rouge, some 3,000 employees and their families turned out for an open house at the plant which included bus and walking tours of key facilities and equipment displays. Food, refreshments and souvenirs of the an niversary were provided to all who attended. Related Photos, Pages Four and Five One week later, about 1,900 employees and their families attended an open house at the Houston Plant. More than two-thirds of those present were taken on bus tours of the manu facturing facility. As in Baton Rouge, refresh ments and souvenirs were distributed. Guests at both open houses viewed the Company's new audio/visual presentation, "Changing: To Serve a Changing World." Intoying the festivities at the Houston Plant's anniversary are (left to right) Kevin and Keith Leleune, twin sons of 11. Leleune, who is an instrument mechanic. Also in connection with the Houston an niversary, Ethyl's Board of Directors held its 1 lor 7 monthly meeting at that plant on September 22. The 19 directors toured the facility by bus and on foot prior to holding their regular Common Stock Split Is Authorized by Board meeting. In addition, the Board on the evening of September 21 held a reception for petro ate tage Ethyl's Board of Directors on October 27 authorized a 2 for 1 split of the Company's the Company's $2.40 Second Convertible Pre ferred Stock. The Company noted that the leum and industrial chemicals division cus tomers and Houston area business leaders. 3 common stock. The Directors also voted to conversion rate of 1.3 shares of common stock increase the regular quarterly dividend on the for each share of Second Preferred Stock will common stock. be 2.6 shares after the split is effected. The split of the Company's common stock The Board also declared regular quarterly will be effected in the form of a 100 percent dividends on the 6% Series A and 7%% stock dividend on December 31 to share Series C preferred stock. holders of record on December 8. Accord ingly, each shareholder of record on Decem ber 8 will be entitled to receive one additional share of Ethyl common stock ($1 par value) for each share owned. The Company's Directors voted to increase he regular quarterly dividend on Ethyl's exist All dividends are payable January 1 to share holders of record on December 8. The Company reported that before the split it had 8,257,435 shares of outstanding com mon stock, 1,246,796 shares of outstanding Second Preferred Stock and would have 9,878,269 shares of outstanding common stock ing common stock from 42Vi cents a share to if all cumulative Second Preferred Stock were iO cents a share, resulting in an annual rate converted. $2 a share. The new quarterly dividend is equivalent to 25 cents a share on the common The Company last had a stock split in De cember 1964, when a 3 for 1 split of the com stock after the split is effected, or an annual mon stock was authorized. The dividend on rate of $1 a share. In other action, the Board declared a regu- iar quarterly dividend of 60 cents a share on the common stock was last raised on July 1, 1977, when it increased from 40 cents to 42Vs cents. foe Eouse. security at the Baton Rouge Plant, gives scooter ride to his three daughters (left to right), Char lotte fo, Mary fo and Rebecca fo, during open house on September 17. ?ORTtt ETC 17260 W**'on VoL 15 September-October 1977 No. 4 Published bi-monthly for the approximate 17,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications Depart ment, 330 South Fourth Street, P. O. Box 2189, Rich mond, Virginia 23217. Edited by ROB BUFORD and RAY KOZAKEWICZ F. D. COTTWALD, JR. Chairman of the Board BRUCE C. COTTWALD President FREDERICK P. WARNE Vice President and Secretary frank j. McNally Vice President and Treasurer BUSINESS' CREDIT Much has been written and broadcast about corruption in the private enterprise area. Business, in some circles, is synonymous with illegal political contributions, multinational payoffs and unethical practices. Fortunately, there are some who have done their own investi gation and discovered that the majority of the U.S. companies have no reason to apologize--since they have done nothing wrong. One of these is Robert M. Bleiberg, editor of Barron's Na tional Business and Financial Weekly, the prestigious Dow Jones publication. In a recent address to students at Hillsdale College in Michigan, Mr. Bleiberg released some of his findings. These included: About 400 companies have admitted improprieties. The 400 companies represent about three percent of the 14,000 publicly-held corporations in the U.S. the 400 companies represent a minute percentage of the 14 million business units in the U.S. Mr. Bleiberg noted that, in many cases, the companies that ad mitted the wrongdoings are guilty of transactions of less than $100. And, those transactions were legal in the countries where they took place. On the positive side, Mr. Bleiberg noted, business very often is not credited with its contributions. He observed: "Private enter prise and the free market system provide the jobs, the money and everything else needed to keep our economy moving. And credit should be given when credit is due." EXERCISE MYTHS A number of myths have developed concerning the amount and extent of exercise needed by individuals in today's society. Most people exercise because they want to look or feel better. Medical research indicates that you don't have to perspire or exercise strenuously to use energy. Interestingly, walking a mile burns about the same number of calories as running the same distance. The best advice for anyone contemplating any exercise program is to consult a physician for the proper guidance. With out proper supervision, individuals can do more harm to them selves than good. PACE TWO ETC 17261 newscope J. Robert Whiteley, a chemical engineer in process design, R&D, Baton Rouge, has been awarded Oklahoma State University's Leonard F. Sheerar Award in recognition of his selection as a top 1977 graduate. 444 Tom Wofford of the medical department at the Houston Plant organized a benefit garage sale that raised more than S8,900 for the Muscular Dystrophy Marathon over the Labor Day weekend. 4- 4 Retiring after completing 27 years with the Plastic Croup's Ceragraphic plant, Hackensack, N.J., is Jack Kaplan, decora ting sales specialist. 4- 4- 4 Ezekiel Lockman, III, manufacturing department at the Baton Rouge Plant, has been elected to represent his ward on the Iberville (La.) Parish School Board. 4 44 Attending a two-day course, "New Concepts in Occupa tional Health Nursing," held in Asheville, N.C., recently was Patricia M. Gwinner, registered nurse for the Richmond of fices. 4 44 Robert Johnson has been promoted from assistant director to associate director, research and development services, R&D, Baton Rouge. 4 44 s Th, sales 12% mgs spec: year Ethyl sharr Sa 5335 quar mon creaperil N. S20, lutes SI .7 for incr shar 553 moi sha of 1 eari con Stobas 52, the me qu; mo Recently elected president of the Science Museum of Vir ginia Foundation, Inc., is Arthur W. Heiwig, vice presidentcorporate planning and secretary of the Executive Commit tee. 4 44 |n several recent promotions in the International Croup in Baton Rouge, Joseph C. Gay has been appointed marketing coordinator--international petroleum chemicals division (IPCD) and Cleveland Fontenot has been named diredor project development for IPCD. Also, Edward D. Sellers has transferred from IPCD to the international industrial chemi cals division as manager--operations. 44 4 The families of two Ethyl employees at the Detroit Research Laboratories--David Bruce and Earl Hoornstra--were among 50 Berkely, Mich., families to receive recent beautification awards for the appearance of their homes. 44 4 7 [ ass Ba ha thi re re Cr P` th P( ra ra fr ie rc d- Ruby Douglas, daughter of Zeb Douglas of general work Jt the Houston Plant, was featured recently in the Houston Chronicle, which described her service as a residential co ordinator for the Florence Crittenton Services Center in Houston. 44 4 Two long-term Ethyl manufacturing employees based at tlx Baton Rouge Tower recently retired. James Bergin, opera tions control manager--manufacturing staff, and a forme resident manager at the Baton Rouge Plant, retired with nearly 43 years of service. Retiring with about 39 years of service was Marcel Voorhies, manager of production, sched uling and distribution, manufacturing staff. T o c p r fi t C ETHYL REPOmU e s design, ~na State an of his Houston ore than he Labor Croup's decora te Baton J on the Occupantly was lond of- director services, Sales, Income Set the Company reported October 20 that its Jes for the third quarter of 1977 increased 12% while net income and fully diluted earnngs per share were up 10% and 17%, reipectively, over the corresponding period a ..ear ago. For the first nine months of 1977, ahyl's sales, net income and earnings per share were at record levels. Sales for the third quarter of 1977 were 1335,045,000 versus $298,582,000 for the same juarter a year ago. Sales for the first nine nonths of 1977 were $963,883,000, or an in crease of 14% over $846,129,000 for the same jeriod of 1976. Net income for the third quarter of 1977 was >20,930,000, or $2.03 a share, on a fully di luted basis, compared with $19,101,000, or 31.74 a share, for the third quarter of 1976. for the first nine months of 1977, net income increased 13% to $60,385,000, or $5.79 a ihare, on a fully diluted basis, compared with 333,359,000, or $4.82 a share, for the first nine months of 1976. Fully diluted earnings per share increased 20% in the first nine months of 1977 over the period a year ago. Per-share tamings are based on the assumption of full conversion of Ethyl's $2.40 5econd Preferred itock. The per-share earnings on a primary basis (before dilution from conversion of the 32.40 Second Preferred Stock) were $2.34 in the third quarter and $6.67 in the first nine months of 1977 versus $2.01 for the third quarter of 1976 and $5.54 for the first nine months of last year. 9-Month Records The results of the first nine months of 1977 reflected a $1.7 million capital gain on the sale of 60% of Ethyl's investment in the stock of the Kentucky River Coal Company, reported in the first quarter. The nine-month results also reflected a $3.4 million after-tax gain from the sale of the Company's investment in Cooper Laboratories stock as well as a $3 million after-tax adverse effect from the settle ment of a suit by a foreign purchaser of cer tain VCA Corporation patents and from the cancellation of an expansion of MMT facilities, all reported in the second quarter. Petroleum chemicals sales were up in the third quarter because of higher prices, in creased shipments of lube additives and higher domestic demand for antiknocks in advance of a price increase which was effective in late September. Industrial chemicals sales were up slightly in the third quarter with higher prices more than offsetting slower demand and plant operating difficulties. Shipments of plastics were lower, especially in the personal products market, but higher prices resulted in level sales. Third-quarter aluminum sales benefited from higher volume and prices. Coal revenues increased as a result of higher ship ments. F. D. Cottwald, Jr., chairman of the board, said: "Despite some weakness in industrial chemicals and plastics in the third quarter, we are still very pleased with the results for nine months, and we continue to be optimistic that 1977 will be another fine year for Ethyl." of Vir- Two Named to Medical Posts in Baton Rouge ident-- lommit- Dr. Gilbert B. Meyers has joined Ethyl as years. In addition, he has held medical posts associate medical director with offices in the with Abbott Laboratories, North Chicago, III., 3aton Rouge Tower, while Dr. Carl B. Myers and was in private practice for 10 years. roup in irketing division director lers has chemi- has joined the Company as medical director at the Baton Rouge Plant. Dr. Meyers, a native of Pittsburgh, Pa., was regional medical di- p- rector for Mobil Oil : Corporation for the past 17 years. Prior to, Dr. Myers served in the U.S. Navy from 1944-46. He was grad uated from Franklin & Marshall College, Lan caster, Pa., and re ceived his medical de gree from Jefferson that, he held medical Medical College, Phil posts with RCA Corpo adelphia, Pa. esearch among fi cation ration and ESB Corpo ration. He was graduated itom St. Vincent Col He is a member of numerous national, state and local medical organizations in the C. B. Myers lege, Latrobe, Pa., and areas of industrial, occupational, administra received his medical G. B. Meyers tive and general medicine. degree from the University of Pittsburgh's work at louston tial co rner in. Medical School. Dr. Meyers served in the U.S. Navy from 1942-46 and 1950-52. He is a past president of the Gloucester County (N.J.) Medical So ciety and Industrial Medical Association of Miss Lidback Wins 2nd Coifing Title Jenny Lidback, the 14-year-old daugh ter of Arne P. Lidback, supervisor--sales Philadelphia, and served on the board of di- analysis and control, international petro 'ectors of the American Occupational Medical leum chemicals division, Baton Rouge, d at the operaformer d with ears of sched- Association. In addition, he currently serves on the board of the Occupational Health Institute, Chicago, and is a member of a number of medical organizations. A native of Roaring Spring, Pa., Dr. Myers served as medical director of Johnson & John son, New Brunswick, N.J. for the past five won the Louisiana State Women's Golf Championship in October. Miss Lidback, who was featured in an article in the July-August issue of ETHYL REPORTER, gained the State Junior Girls' Golf Championship last summer. -poRTE* ShTfMBER.OCTOBER 1977 F. D. Cottwald, fr., (at podium} addresses Houston Man agement Club. Looking on is David l. Brown, man agement club president for 1977. Chairman Addresses Management Club Some 250 members of Ethyl's Houston Man agement Club gathered September 22 to hear remarks by F. D. Cottwald, Jr., chairman of the board. The talk, which marked the 25th anni versary of the Houston Plant, was Mr. Gottwald's first such appearance before the club. Mr. Gottwald opened by commending the club for building cooperation and communica tion among Ethyl's Houston employees. He then reviewed highlights of the plant's history, describing it as "a model of Ethyl's over all growth and diversification, especially in chemicals." Mr. Gottwald noted that the original plant at Houston cost $50 million in 1952, making it "by far the largest such project for Ethyl at that time." Sinn 1952 Since 1952, Mr. Gottwald added, "we have invested approximately $85 million in new fa cilities and improvements at Houston. I believe this is good evidence of our faith in this fa cility." He said the Company expects to make further investments of at least that amount at Houston over the next five years. "My main point," Mr. Gottwald said, "is that we have confidence in the Houston Plant's operations. We intend to explore many new areas of chemistry here." Mr. Gottwald closed with an optimistic ap praisal of the Company's overall outlook, call ing for 10% annual growth in earnings for the next five years. "Our confidence in the future," he said, "is based on past performance. An important part of that is the loyalty and dedication of em ployees such as those of you at Houston." Metric Committee Named in Canada Ethyl Corporation of Canada, Limited, has begun preparations for the changeover to the metric system and has named a committee to coordinate the introduction. John Collins of the sales department is the chairman. Also serving on the committee are Morris Shonfield, also of sales, and Bill Hoad, John McCartney, Ed Banik, John Slobodnik, Gary MacKinlay and Charles Manore, all from the Sarnia, Ontario, chemical plant. PACE THREE ETC 17262 Baton Rouge Plant Marks First 40 Years Mr. and Mrs. Paul Levert examine research equipment in R&D Labs. Dan Smith and Dwight Hinton (right) prepare to raise the Ethyl flag, officially launching open house. It was a extra special day for Smith, whose 40th birthday fell on the plant's 40th anniversary. tSeptember 17 marked the 40th anniversary of the Baton Rouge Plant, and some 3,000 employees and their families turned out for an open house to celebrate the occasion. Tours by bus and on foot helped acquaint employees' families with the many operations of the plant. As the accompanying pictures show, the open house was both educational and fun. I PVC compound area was included on the tour, and one young visitor got a hoist for a better view. Following bus tours, visitors moved toward display of mobile equipment used on the Plant. PACE FOUR toured the Plant's R&D facilities. ETHYl REPOWf* ETC 17263 Houston Plant Celebrates Silver Anniversary r September 24, the Houston Plant celebrated its 25th year of operations Uide the Houston Ship Channel. 1,900 employees and their families . ended an open house similar to that held one week earlier at Baton Rouge. 'ant, am house id p/oyees' picturi Employees and families enjoyed food and refreshments at open house. Brenda foyce Williams, }r.f daughter of Brenda Williams of the Plant steno pool, enjoys a cold drink. ) ;o rhe/r September 22 meeting, which was held at "tni. members of Ethyl's Board of Directors toured .iton facilities. Steve Hawkes (right), lab supervisor, explains research equipment to families on tour. Milton Bird (fighlj, operations supervisor, acted as one of many tour guides during the day. `MMR-OCTOBER 7977 Members of the R. P. Creer family look over favors distributed at open house. He is a production foreman at Plant. PACE FIVE ETC 17264 23 Cain Special Medical Certification Twenty-three Ethyl employees at the brine products division facility in Magnolia, Ark., have been certified as Emergency Medical Technicians (EMT) after completing an inten sive eight-month training course. In gaining certification by the Arkansas De partment of Health's Bureau of Emergency Services, the workers completed 81 hours of classroom instruction, 10 hours of hospital emergency room observation and hundreds of hours of home study. The EMT certification is the same type of training required for ambulance attendants. The men were instructed in the proper han dling of all types of emergency situations, in cluding the use of cardiopulmonary resucitation. Ethyl is the first industry in southern Arkansas to train an EMT unit. The first EMT course in the state was given in 1971. In recognition of the achievement by the men, Ethyl held a dinner in September where the EMT's were honored. Each received a certification certificate, a shoulder patch and identification card. Among the speakers at the dinner were Jim Roughton, administrative coordinator of the Bureau of Emergency Health Services, State Department of Health, and George Wheatley, city-county coordinator of Emer gency Services in Magnolia and Columbia Counties. Mr. Roughton lauded Ethyl and the EMT's for the time, effort and financial contribution necessary for establishing the medical emer gency care program. "You are the first industry in South Arkansas to train an ambulance team," he noted. "You put your money on the line, provided and equipped a special purpose ambulance and trained a team of men to provide 24-hour-aday emergency medical care." Mr. Roughton continued: "The importance of this is that your man doesn't just get his training and leave it on the job. He takes it into his home and also into his community. In the event of disaster anywhere in your area, Columbia County now has 23 men with the knowledge and skills required to perform all emergency care procedures short of those rendered by physicians or paramedical per sonnel under the direct supervision of a physician." James Luck, Emergency Medical Technician instructor with the Red River Vo-Tech School in Hope, Ark., who instructed the 23-member group in the course, accepted a plaque in be half of the men from Mr. Roughton. The names of the EMT's were inscribed on the metal plate. The 23 EMT recipients are: (front row, left to right) Archie Taylor, Clayton McNeil, lames Kreiger, tohn lack, lim Miller and Don Munn. (Center, left to right) Bob Altord, Ed Bridges, Mike ford, Ernie Emerson, "Bo" Franks, Buddy Braswell, Kenneth Dixon and loe Massey. (Back row, left to right) terry Chisholm, Floyd Creen, limmy Watson, Bill Williams, Mack Bridges, Dwa/n Irby and Tommy Preston. Missing from photo are: Charlie Derish and Floyd Sanders. Day Gets New Planning Post Bryan R. Day has been named director-- business evaluation in the corporate planning department. Baton Rouge. He formerly had been corporate economic coordinator in the department since 1969. A native of Fillmore, Utah, Mr. Day joined Ethyl in June 1953 as a chemical engineer in process development, R&D, Baton Rouge. He has since held positions of increasing respon sibility, including supervisor of planning-- manufacturing department, Baton Rouge, from 1961 to 1967, and director--planning, Ethyl International Group from 196B until his ap pointment to corporate planning and profit improvement in 1969. Mr. Day reports to Arthur W. Helwig, vice president--corporate planning. The depart ment recently was renamed corporate plan ning, changing its name from corporate plan ning and profit improvement. pace six Ethyl Corporation Scholarship* Dr. loe Mize (left), professor and head ol Oklahoma State University's School of Industrial Engineering and Management, discusses five $200 scholarships with in dustrial engineering student recipients. The scholarship funds are adminis'ered by the OSU Development Foun dation. Ethyl contributes scholarships funds to a number of colleges and universities to support engineering pro grams. u A , fditor with . ' dent, 19SO. t tht Konc ' eva/u.' iransi. jger econc Mr Bonnof C; fthyf' .in Dt Von <* mana becar d/rec: acqut Ar EMT Instructor fames Luck (felt} guides lames Kr&gt: degrt (center) and Malcolm Bridges (right) in the process t- Un/vi spf/nJfng the leg of Kenneth Dixon. in N iserve Soan Avant Is Appointed Assistant to President and : Mr. h pal ( lorm Thomas G. Avant has been appointed to the they newly created position of assistant to the president. In his new capacity, Mr. Avant wiE :ETH aid President Bruce C. Gottwald in increasing MR. communications with the divisions and de it w partments and, as necessary, undertake spe tere cial studies. scar Mr. Avant had been corporate planning co that ordinator in the corporate planning depart old* ment, Baton Rouge, since September 1970. and He also had been coordinating the planning to v activities of the Edwin Cooper Division it ETK Baton Rouge since February 1976. -earl He received a B.S. degree in chemical en gineering from Auburn University and for MR merly held positions in Research & Develop ivelc ment as a senior engineer economist, and tht <on Plastics Group as director of business eco ces nomics. Mr. Avant will transfer to corporal! eva headquarters in Richmond. at t Calvin S. Moore will take over the directior to i of the corporate planning activities formerk :mo handled bv Mr. Avant. In this assignment, Mr yea Moore will remain in Richmond and continut val to report to Arthur W. Helwig, vice presi bas dent--corporate planning. ne> nha Show Business Endeavors doi tha The sons of two Houston Plant employee the have recently gained recognition for then the careers in show business. TEI Randy Cornor, whose father, Edier, Jr., is in sal operations, was the subject of an article in wo the Houston Chronicle, which described his ecc musical career. The 23-year-old Cornor, i fur vocalist-guitarist, began his career as a gur gre tarist ten years ago. Last year, he gained i in? contract with ABC-Dot Decords, who releasee Yo his first album, appropriately entitled, "M1 "o First Album." of The son of W. L. Baugh, James Baugh, re ET cently appeared on network television in * sta made-for-TV movie, "The Trial of Lee Hans' Oswald," reporter. in which he played the role of < Ml Iv ETHYL REPORT!1 ETC 17265 Malcolm Harvey Aluminum's Growth Has Been Rapid, Dynamic 4tors' Note: This is another in a series of interviews .A Ethyl employees. E. Malcolm Harvey, vice presiyfl!, has been associated with the Company since oO, when he joined Ethyl as a development engineer -the Baton Rouge Plant. He served as an engineer /onomtsf until his promotion to head of economic situation at Ethyl's Houston plant in 7957. He was interred in 1960 to New York City to serve as man- of economic research and later as director of gnomic evaluation. _ W/. Harvey serves as president of The William L. fe-, .-.mell Company, Inc., Newnan, Ca.( and president Capitol Products Corporation, Mechanicsburg, Pa., -vl'j two aluminum subsidiaries. He joined Bonne// v December 1965, with the first closing of the acquisi- * xi and served as director, vice president and general -inager, and treasurer until August 1966 when he \ fame president of Bonne//. He has also been a itctor of Cap/to/ Products since the company was jjuired in 1970. i native of Winona, Miss., Mr. Harvey holds a B.S. nes Kreiger :?gree in chemical engineering from Louisiana State process of .wersitv. He is a director of the First National Bank t* Newnan and of Newnan Hospital. Also, he has* 3 yed on the legislative action committee and the :xrd of the Newnan-Coweta Chamber of Commerce i ,-rf has served on the board of the area United Fund. Harvey is a past senior warden of St. Paul's Episco- it a! Church of Newnan. Mr.- Harvey is married to the vmer Charlotte Trewolla of Greenwood, Miss., and ted to the have three daughters. liam L. Bonnell Company. That was April of 1965. We worked from April until we had a deal, and our first closing took place Decem ber 7, 1965. Ethyl put up approximately $2 million worth of option money, and I came in to verify the numbers and run the business to confirm whether we wished to consum mate the deal. In April of the next year the acquisition was completed. It has been a good Ivant win TMYL REPORTER: How did you join Ethyl? rrcreasing WL HARVEY: I joined Ethyl primarily because and de- was the first job offer that I found of in take spe- .-rest when I graduated from LSU. jobs were ;;arce, and the Korean War effort had not at nning co- iat time picked up the job market. I had an depart- ider brother, Clarence, working for Ethyl, }er 1971 aid I knew from him it was an excellent place planning 3 work. vision in ilHYl REPORTER: What were some of the mical en- srly projects you worked on? and for- liR. HARVEY: I started in the Research & De- Develop- rlopment department and worked on the and the ontinuous TEL process and the Lindane pro- less eco ss. I had an interest in joining the economic corporate valuation group but was told I was too young ; the time. I persisted, and finally they agreed direction a let me enter that group for a period of six formerly ninths. Well, I was in the group over three -nent, Mr. tars as it turned out. I did some work on the continue slue of ethylene, which probably set the ce presi- asis for Gulf Coast ethylene values for the ext 20 years. We put together the proposal iat Ethyl build its own ethylene facilities. In vors aing so, we broke the price of ethylene, and 'at has saved Ethyl millions of dollars over -nployees < years. 1 had the opportunity to work on for their termal ethane chlorination and continuous It economics. I did some tech service to . Jr., is in ales work and then some sodium tech service article in >ork. In 1957, I moved to Houston to take an ribed his conomics assignment there. I had a lot of Zornor, a :n in Houston. Of course, that was a young as a gui- rowing plant and there were a lot of interest- gained a :g problems. From Houston, I moved to New , released . ork and was there when the acquisition of led, "My :old" Ethyl took place. I had the opportunity /working on the acquisition. aU^^ n^ REPORTER: What were the circum- eTla'rvey !lnces f t*le Bonnell acquisition? role of a ;'*R. HARVEY: After the New York experience, iwas brought in on trying to acquire The Wil- kiportck I mMBcp.ocroBER 7977 E. Malcolm Harvey acquisition. We've gotten excellent results. The business was in need of direction. It did not have a good cost system, nor good cost standards nor very good controls. We have been able to move it from a sales level of $26 million to approximately $100 million this year. We built another plant and have ex panded it three times since then. We put in waste water treatment facilities. We put in additional casting facilities and today the Bon nell Company, even though it's much larger and has all these additional operations and two plants, actually has fewer people than when we bought it. We've done a lot of auto mating and a lot of changing to make this business perform substantially better. Today this business, without a question, is a real leader in its field. It's broad in terms of product mix. It has a lot of good people and it functions now. Needless to say, I'm pleased. ETHYL REPORTER: Would you describe the operation of the Aluminum Group overall, some of the products that excite you? MR. HARVEY: The group is comprised of two wholly-owned subsidiaries--The William L. Bonnell Company, Inc., and Capitol Products Corporation. I serve as vice president of Ethyl and head of the Aluminum Group as well as president of both of these subsidiaries. I've got a small staff group in Baton Rouge, and general managers in each of the subsidiary companies. I try to manage the business with balance between the line and staff so that the maximum opportunity for people to develop is given, but good objectives are set and maintained. Having the staff in Baton Rouge gives us the mechanism for coordinating proj ect work and development work with engi neering and R&D. It also keeps us abreast of activities in other divisions. In the past few years, we have done a great deal of work in developing thermally improved products. These products are more efficient and save substantial energy compared with non-thermal windows and doors. I believe these are the products not only of today but of the future. They offer significant energy savings for the homeowner and, of course, similar work is being done for commercial applications, high rise office buildings, condominiums and so on. This is a dynamic, fast-moving field, and we have been very successful. ETHYL REPORTER: How do you envision the future of the Aluminum Group? MR. HARVEY: I have long felt that this is an asset that Ethyl can use to great advantage in the future. I believe it can be a building block to broaden our base in the building materials area, or it offers backward integration, if we choose. It offers us areas of further diversifica tion, such as forging of high-temperature alloys. Originally, the extrusions business was primarily a trim-type business producing sec tions for linoleum and so on. But the real growth of the business came with opportuni ties to make windows and doors and similar commercial applications. It's not too" different from Ethyl's antiknock business. For years, we restricted the use of tetraethyl lead very closely, but when it was opened up to regular gasoline, the market expanded tremendously. This is similar. The real growth in this business has come from the shift in the use of extru sions. While the trim business is still big business, in today's arena it's no more than 12% to 15% of Bonnell's total sales. There has been a dramatic shift to many different products. Aluminum extrusions offer not only durability but with the many different finishes such as paint, anodizing, brite-dip, etc., they offer variety of color and finish. The quality of the products has improved over the years. Performance has improved. It has penetrated markets that the wood industry previously had locked up. ETHYL REPORTER: What are your outside in terest and hobbies? MR. HARVEY: I've always felt that when you are in a community, you've got to be a part of it. I've served on the United Fund board. I've been active in the Chamber of Com merce, heading the legislative action com mittee at one time. I served as senior warden of St. Paul's Episcopal Church. I'm on the board of the First National Bank. I'm also on the board of Newnan Hospital. I've always enjoyed photography. I'm also a part-time gardener. I enjoy reading biographies of great men. ETHYL REPORTER: Any closing thoughts? MR. HARVEY: Since Albemarle acquired "old" Ethyl 15 years ago, the work challenge and opportunities have been broader than in my first 12 years with Ethyl. It has been chal lenging seeing the Company grow and seeing people develop. I think we have even more challenge and opportunity in front of us. PACE SEVEN ETC 17266 Researchers Are Awarded Ethyl Patents Answers to Puzzle A number of Ethyl researchers and technical employees were awarded patents in the last several months. At Capitol Products Corporation, Mechanicsburg, Pa., D. F. Schmidt received five pat ents, one on a storage locker construction and the others on different shapes and designs for thermal barrier members, and L. C. Coss, Jr., J. T. Cribben and J. J. Miller shared a patent for a window sash guide spring design. At Edwin Cooper, Ltd., in England, C. J. J. Jayne received three patents for two lube oil additives and for the synthesis of complex sulfur compounds useful in lubricating com positions. Also, J. S. Elliott, B. T. Davis and R. M. Howlett shared two separate patents concerning a process for a high molecular weight ester product synthesis and for a new lubricant ad ditive process. At Metal Fabrications, Waterbury, Conn., D. G. Favell was granted a patent for a twopiece closure for containers. At the dispenser products division facility in Bridgeport, Conn., J. E. Burke was issued a patent for an aerosol safety overcap released by pressure-distortion, and S. W. Beres received a patent for a leakproof finger-operated spray pump assembly. R. E. Michaels with dispenser products in North Riverside, III., was awarded a patent concerning rapidly saturating the contents of an aerosol can with propellant gas. Also, at the VCA Molded Products Division in Chicago, III., W. G. Crowle and E. M. Ostrowsky shared two patents for a safety overcap and a safety dispensing cap with in ternal locking assembly. In R&D in Detroit, F. J. Marsee received a patent concerning an engine spark advance system, R. J. Fanning was issued a patent in volving catalyst recovery in ester synthesis, J. P. Kleiman was granted a patent for bromine preparation, W. E. Wright received a patent for dialkyphosphite synthesis and K. A. Keblys was issued a patent on a brominated flame retardant for polyesters or polystyrene. In the engineering department in Baton Rouge, J. N. LaBorde was issued a patent for a structural framing system. In R&D in Baton Rouge, A. A. Eisenbraun and E. D. Hornbaker shared a patent concern ing an impact resistant polvmer, while J. D. Johnston, R. N. Sanders and J. M. Wood, Jr., shared separate patents for processes involving the production of magnesium. Also, Dr. R. X. Hafele, based at the Ethyl Technical Center, Baton Rouge, received a patent for a spray pump assembly with check valve. Dunn Promoted to Controller, William L. Bonnell Company Harry T. Dunn has been promoted to con troller of The William L. Bonnell Company, Inc., a subsidiary of Ethyl. Bonnell, headquartered in Newnan, Ca., is a leading producer of extruded aluminum products. Announcement of Mr. Dunn's pro motion, effective October 1, was made by H. Thompson Smith, executive vice president of Bonnell. Mr. Dunn, who has been serving as assistant to the director of financial services in Ethyl's Plastics Group in Baton Rouge, will transfer to Newnan in his new capacity with Bonnell. A native of Canada, Mr. Dunn came to Baton Rouge as manu facturing manager of the Plastic Group's metal products division shortly after Ethyl ac quired VCA Corporation in 1974. Mr. Dunn joined Sterling Seal Company, Erie, Pa., in 1967. He became vice president--finance and continued in that position after VCA acquired Sterling in 1971. Mr. Dunn received a B.A. de gree in business administration from Clarkson College of Technology, Potsdam, N.Y. Greek Trade Fair The Ethyl Hellas Chemical Company trade exhibit was one of approximately 100 exhibits in the annual Thes saloniki (Greece) International Trade Fair in September. Several million people visited this four-week long ex hibition of industry. Below are the answers to Ethyl Crosswords, which , peared in the )uly-August issue of ETHYL REPORTS Reprinted from the 1977 ETHYL DIGEST, two fa words--change and growth--are illustrative of i/>e ^ formance of the Company. 7i / ni\ fio fac be: the fair tor spe in cee act Ce jer of F ch: in' 7 F. F Co Ric m ma 330 South Fourth Street P. O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED Bulk Rate U.S. Postage PAID Ethyl Corporation L do car Ca- I COr 19: at Pla $4- Th( yea L Ro; Co in E Me nifi sid nat in as pla I PAGE EIGHT ETC 17267 ETHYL RfPORIf* A V <3 D_ S T~~ t 30 A yL l* R jM 5 Mbemarle Acquisition of Ethyl Commemorated The Company commemorated the 15th aniVersary of the acquisition of Ethyl Corpora:on (Delaware) by Albemarle Paper Manuicturing Company of Richmond on Novemjer30 with a special reception and dinner at ae Waldorf-Astoria in New York City. Approximately 100 guests attended the af-air, which was hosted by the Board of Direc ts. For many of the guests, the dinner had pedal significance since they were active " the negotiations and eventual closing proeedings that resulted in the S200 million requisition of Ethyl, then jointly owned by General Motors and Standard Oil of New trsey. The Waldorf-Astoria served as the site imany of the negotiation meetings in 1962. Following the acquisition, Albemarle Paper ranged its name to Ethyl and re-incorporated i Virginia. The attendees and speakers included Lewis .Powell, Jr., Associate justice of the Supreme iourt of the United States, who was with the lichmond law firm of Hunton & Williams in 962 and who played a key role in the Albelarle-Ethyl deal. A highlight ol the 15th anniversary dinner on November 30 was a presentation of a Steuben Class whale to F. D. Cottwald, Sr., Iright) vice chairman of the board. The whale is symbolic of the descrrption ol the 1962 acquistion carried by a leading financial publication: "lonah Swallows the Whale." Making the presentation were (left to right) F. D. Cottwald, lr., chairman of the board, and President Bruce C. Cottwald. United Way Drives Bring Record Contributions Rate ostage JD ration Record contributions have been reported ionated to local United Way/United Givers ampaigns by Ethyl employees in the U.S. and Canada in fall fund-raising drives. In Baton Rouge, employees at the Plant ontributed a record $114,186, up 11% from 976. The per-capita gift was $63. Employees r the Baton Rouge Tower, One American :lace and Ethyl Technical Center contributed 114,623, with the per-capita gift at $58.87. nese results were 15.9% higher than last ear and $1,623 over this year's goal. Backing up the employee gifts in Baton iouge, was a $46,000 contribution by the -ompany. This helped push the Ethyl support i Baton Rouge over $200,000. I Employees at Capitol Products Corporation, 'lechanicsburg, Pa., increased their gifts sig nificantly from last year. The aluminum sub sidiary reported that $22,155 had been do nated, or nearly $8,800 more than was given II 1976. The per-capita donation was $45.68 54.5% of the work force participated. The niant exceeded its goal by $2,155. i In Richmond, $20,593 was raised among 81.5% of the employees at corporate head quarters and the VisQueen film products plant in nearby Sandston, Va. The per-capita gift was $86.52, representing the highest figure within Ethyl. Combined totals from Ethyl employees in the Houston, Tex., area indicate that $17,800 was contributed with the per-capita gift at $16.90. The results are approximately $7,000 higher than last year as 60% of the workers at the Pasadena Plant and petroleum chemi cals sales office in Houston took part. The final results are $5,400 over this year's goal. Ethyl workers at the Detroit Research Labo ratories donated $11,837 for an average of $54.55 per gift. The facility had 90% of the employees participate. In Newnan, Ga., employees at The William L. Bonnell Co. plant contributed $11,116.88 with 74.5% of the work force participating. The per-capita gift was $9.79 as the facility went over its goal by $1,116. At the VisQueen film products plant in Terre Haute, Ind., a record $3,517.60 was raised, with 82% participation and a per- capita gift of $18.81. The plant had a 48% increase in per-capita gifts and a 45% in crease in total gifts. Ethyl Corporation of Canada, Limited, in Sarnia, Ont., reported that 50% of its em ployees raised $2,908 for an average gift of $26. Workers at the IMCO Container plant in Louisville, Ky., donated $2,876.50, more than five times greater than last year. Participation was among 91% of the work force with the average gift at $21.79, or three times higher than last year. In the Edwin Cooper Division, employees in St. Louis, Mo., and Sauget, III., contributed $2,709 with 40% participation. The average pledge was $28. Employee contributions at the brine prod ucts division plant in Magnolia, Ark., were $2,259, or nearly double the 1976 total. The per-capita gift was $13.13, up 50% from last year. In addition, the Company donated another $900 to the local United Fund agency. In Harrisonburg, Va., employees at IMCO (Continued on Page Eight) RPOPTl* ETC 17268 Vol. 15 November-December 1977 No. 5 Published bimonthly for the approximate 17,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications Department, 330 South Fourth Street, P. O. Box 2189, Rich mond, Virginia 23217. Edited by ROB BUFORD and RAY KOZAKEWICZ F. D. COTTWALD, JR. Chairman of the Board BRUCE C. COTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK |. McNALLY Vice President and Treasurer 15TH ANNIVERSARY November 30 was a red-letter day for Ethyl, marking the 15th anniversary of the acquisition by Albemarle Paper Manufacturing Company of Ethyl Corporation (Delaware), then jointly owned by General Motors and Standard Oil Companv of New Jersey. The resulting merger and formation of Ethyl Corporation (Virginia) was hailed on Wall Street as a daring and innovative financial ac complishment. "Jonah Swallows the Whale" read the headline in one leading financial publication. The reason for so much interest in the Albemarle-Ethyl deal, of course, was that the much smaller Albemarle, with annual sales of about $50 million, found the means to purchase the world's leading producer of antiknock compounds. Ethyl at the time had annual sales of some $200 million. No less daring and innovative than the 1962 deal itself has been Ethyl's continuing program of diversification since that time. Building on its strong base in chemical technology, research and development, the Company has moved into new and exciting areas of business including plastics, aluminum and energy-related products. With sales well over the billion-dollar-a-year level, the powerful vision of those who engineered the Ethyl acquisition and have guided the Company since 1962 receives vivid testi mony in the Ethyl of today. INDUSTRY AND ENERGY Much attention has focused recently on the critical need to con serve energy. Too often the chemical industry is depicted as an extravagant consumer of energy. In fact, the industry has taken significant strides in its conservation efforts. According to a recent report by the Manufacturing Chemists Association (MCA), the industry already has saved the equivalent of the annual electrical energy needs of more than five million households. Reports MCA: "The figures show an 11.8% reduction in energy consumption per unit of output for the 111 member companies (including Ethyl) participating voluntarily in the energy conservation report ing program. The year 1972 is used as a base for the program, and if allowance is made for the energy required to meet occupa tional safety, health and environmental regulations not in effect in 1972, the actual savings becomes 12.8%." MCA's report continues: "These figures reflect a significant continuing improvement in energy conservation under the volun tary program established through MCA in 1974. The 11.8% re duction represents energy savings equivalent to 75.1 million barrels of oil. At the world price of crude oil today, this amounts to a savings of over a billion dollars." The chemical industry has a voluntary goal of 15% energy savings per unit of output by 1980. PACE TWO newscope I William Lewis, traffic department at the Baton Rouge Plant, has been named Hotel Committee chairman of the National Passenger Traffic Association. Serving as an instructor for a two-day industrial hygiene workshop sponsored by the Safety Council of Greater Baton Rouge recently was Jonathan Jacoby, who is with the toxicol ogy and industrial hygiene department at the Baton Rouge Tower. F noi visi R vie. has M. tna nar Co' Bobby Hinkle has joined the Company's Capitol Products Corporation plant in Kentiand, Ind., as personnel manager. A native of Georgia, he holds a B.S. degree in industrial management from Georgia Tech. I ( Recently elected a director of the National Council of the American Institute of Chemical Engineers (AlChE) was Robert H. Marshall of environmental operations at the Hous ton Plant. In addition, he also was elected a Fellow of AlChE, an honorary position, which is in recognition of professional accomplishments for AlChE members who have been in engineering for 25 years or more. Dr. Cass Moret has joined Ethyl's VisQueen film products division as manager of marketing, headquartered at the Baton Rouge Tower. He had been with E:l. duPont de Nemours & Company since 1968 and is a native of New Orleans. 1 sen tics I age adc of pre Wi in ^ k Wallace F. Armstrong, vice president--manufacturing, Baton Rouge Tower, has been re-elected to a three-year term on the board of directors of the Council for a Better Louisiana. t- Serving as chairman of the Baton Rouge Management Club's 25th annual Toys for Tots Collection this year was Hemy Carney, sodium operations at the Baton Rouge Plant. Other members of the committee were: Clarence Bueche, tetriethyl lead maintenance; Willie Romig, general maintenance; Melvin Sullivan, general services, all at the Baton Rouge Plant, and Paxton Sholar, a retired Plant employee. Joining Ethyl International Group's international petroleum chemicals division as regional product manager--Europe is Charles E. Corns. Headquartered at the Baton Rouge Tower, he holds a B.A. degree in foreign business from Lehigh Uni versity and has approximately 15 years of business experi ence, primarily in the chemical industry in various domestic andinternational marketing and sales positions. ++ bas bet for sin to * rec Arr 197 be* cal fer of inc 19? i Earl A. Young of industrial engineering at the Houston Plant recently was honored for his efforts on the membership committee of the Houston Chamber of Commerce. He re ceived two awards as the most productive recruiter on his team. Participating in the 1977 High School-Business Symposium in Baton Rouge in October were William R. Axtell, David Humphries, Harold Place, and Donald Park, all of R&D al the Baton Rouge Plant, and Earl Rachal, finance at the PlanL Send items for NEWSCOPE to: Editors, ETHYL REPORT Corporate Communications Department, P.O. Box 2189' Richmond, Va., 23217, or call (804) 644-6081, extensions 226 or 224. Fol lO : tar fto: a-M ri?c~- ETC a 4 Key Appointments Made at Edwin Cooper I Four key appointments have been an nounced in the Company's Edwin Cooper Di ge Plant, vision by James A. Hancock, division president. National ; Ray Wilkins has been promoted to executive iiice president for the division; Alan T. Rowe as been promoted to director of sales; Lowell hygiene er Baton ; toxicoln Rouge d. Swaidner has been promoted to director of narked ng; and E. Geoffrey Peters has been ;amed managing director--Edwin Cooper & (ompany Limited. Mr. Wilkins had been managing director-- W U Edwin Cooper & Com- Products pany Limited, Brack- manager, TM nell, Berkshire, Eng- nd ustrial land, since May 1976. 1'C- A native of Smithfield, uncil of 'hE) was re Hous>f AlChE, fessional been in ^ R. Wilkins Pa., he holds a B.5. degree in chemistry from West Virginia University. He joined Ethyl in 1967 as a sales repre sentative in the polymer division of the Plas hes Croup. In 1971, he was named general sales man ner of the polymer division. He assumed the oroducts f at the Pont de of New dditional responsibilities of general manager >f pipe products in 1973 and was appointed jresident of the two divisions in 1975. Mr. Wilkins has his office a St. Louis, Mo. i Mr. Rowe, who is used in St. Louis, had acturing, seen director of sales ear term -western hemisphere a Better :or Edwin Cooper since May 1977. Prior 0 that he had been di- it Club's :5 Henry t. Other e, tetraenance; 1 Rouge ector of sales--North America since August '976. A. T. Rowe A native of Los Angeles, Mr. Rowe had Ken associated with Ethyl's petroleum chemiils division for nearly 17 years before transwring to Edwin Cooper. He held a number 1 engineering, sales and marketing positions, deluding director of marketing from March troleum 971 until he joined Edwin Cooper. urope is _ Tower, igh Uni- experi- iomestic He holds a B.S. degree in mechanical engi neering from the University of Southern Cali fornia. Mr. Swaidner, who is based in England, had been marketing manager--Edwin Cooper and Co., Ltd., since December 1976. He joined the Division in August 1975 as Ethyl/Edwin Cooper coordinator, following the acquisition of the worldwide lubricant additives manufacturer. He joined Ethyl in June 1960 as an internal auditor, finance de partment, in New York City. In 1964, he was promoted to corporate pricing coordinator and in 1969 he was named controller of Ethyl International. Mr. Swaidner was named director--plans and controls for Ethyl In ternational in mid- L. M. Swaidner 1974. A native of Huntington, Ind., Mr. Swaidner holds a B.S. degree in insurance actuarial sci ence and an M.B.A. degree in accounting, both from Indiana University. Mr. Peters, a native of England, had been responsible for sales in Southeast Asia and Australia, and sales de- velopment in Third \ World countries since December 1976. He will retain his existing sales responsibilty for Ik Third World countries in his new position. He has more than 30 years experience in the lubricant additives E. G. Peters and petroleum chemi cals field. He was associated with Castrol Company for 23 years before joining Edwin Cooper & Company in 1970. At Edwin Cooper, he has held a number of positions, including director--special projects from 1973 until Au gust 1975 and marketing manager from Sep tember 1975 until November 1976. on Plant ibership . He rer on his lposium I, David R&D at ie Plant. 'ORTtRf x 2189, tensions Thanksgiving Treat . *3t/p thyl Corporation of Canada workers and their families enjoyed Thanksgiving dinner together in Sarnia. About pop a 20-pound turkey in the oven are (left to right) Janie Kao and Pat Lanier, wives of fim Kao and Carroll fifer. a/so joining the gathering was Bob Bllis, his wife, Loretta, and family. Alf three families are natives of Baton Serving as hosts were David and Angie Chiu. Distinguished Award Recipient F. D. Cottwald, Sr.f vice chairman of the board, was honored recently at ceremonies at Virginia Military Institute, Lexington, Va., celebrating the college's 138th anniversary of its founding Mr, Cottwald (right) was presented the school's Distinguished Service Award by Cen. Lemuel C. Shepherd, )r., chairman of the VMI Foundation, Inc., the endowment arm of the VMI Alumni Association. Mr. Cottwald is the first nonalumnus to receive the prestigious award. In addition, Mr. Cottwald and F. D. Cottwald, lr., chairman of the board, recently received the business school Medallion Award of the College of William and Mary, Williams burg, Va. McKenzie Gets Plastics Post; Kisling Joins Molded Products Roland E. McKenzie has been named as sistant general manager of the Plastics Group, Baton Rouge, with di rect line responsibility for its seven operating divisions and industrial engineering group. He reports to Dr. Clarence M. Neher, senior vice president-- Plastics. Mr. McKenzie, who has been associated with Ethyl since 1949, had been director of manufacturing for Plas tics since October 1976. In addition, he has held a number of key positions in Plastics, in cluding president--metals, dispenser and VisQueen film products divisions and general manager of VisQueen. A native of Lecompte, La., Mr. McKenzie received a B.S. degree in chemical engineering and mathematics from Southwestern Louisiana Institute, Lafayette, La., in 1949. He joined sodium operations, manufacturing department at the Baton Rouge Plant in October 1949. In another appointment in Plastics, Paul A. Kisling has joined the Company as general manager-VCA molded products division, based in Baton Rouge. He had been president of Creative Dispensing Systems, Inc. (CDS), Atlanta, Ga., from Jan uary 1976 until Sep tember 1977. The Company's VCA Cor poration subsidiary re P. A. Kisling cently acquired CDS and it is now part of the dispenser products division. A native of Tallulah, La., Mr. Kisling holds a B.S. degree in chemical engineering from the Georgia Institute of Technology and an M.B.A. from Furman University, Greenville, S. C. Prior to founding CDS, he was associated with several chemical companies. ircn-'' ETC 17270 PACE IMCO Container Announces Promotions, Appointments In the Plastics Croup's IMCO container divi sion, Edward C. Wirth has been promoted to vice president and general manager--IMCO of Canada; Robert W. Ciger has been ap pointed plant manager at the new Lewistown, Pa., plant; Cary J. Martin has been promoted to Louisville, Ky., plant manager; and Richard C. Thorp and Robert C. Burness have joined the division as market managers. Mr. Wirth, a native of Louisville, had been manager of pricing for IMCO since 1967. He joined IMCO in Jan uary 1963 in the pric ing department as a cost estimator and was promoted to super visor in 1965. E. C. Wirth He holds a business administration degree from Murray State University. Mr. Ciger had been plant manager for the Louisville plant since September 1972. Prior to that he had been plant manager at the former Itasca, III., plant and the Union City, Calif., plant. He joined Ethyl in December 1967 as a manufactur ing engineer for the then Ethyl-Vypak (now IMCO) facility in Rock- away, N. J. A native of Paterson, N. J., Mr. Ciger received a B.S. degree in mechanical engineering from Valparaiso Uni versity, Valparaiso, Ind., in lune 1966. Mr. Martin has been with IMCO since No vember 1966 and had been plant superin tendent since April 1974 in Louisville. Prior to that he had held a number of positions at the Jeffersonville, Ind., plant, including floor- man, material handler, maintenance foreman and maintenance su C. J. Martin pervisor. He is a native of Horse Cave, Ky. Mr. Thorp, who is based in Baton Rouge, La., had been employed with Borg Warner Chemical Company as market manager--rigid containers for the past four years. Prior to that he spent 19 years with American Can Com pany. He holds a M.S. degree in food tech nology and chemistry from the University of Illinois. : Name Change for Subsidiary Ethyl Overseas Development Corpora tion, a subsidiary of Ethyl Corporation, has changed its name and recently re- ated its headquarters to Singapore. The chemical sales and marketing op eration, which is part of Ethyl Inter.national, is now called: Ethyl Asia Pacific ICompany. Its new mailing address is: |J607 Coldhill Plaza, Thomsom Road, Singapore II. W. S. Dixon continues as egional manager. Metal Products Receives Decoration Awards Three top awards have been won by the Plastics Croup's metal products division at the Fourteenth Annual Seminar of the Society of Class Decorators. First prizes awarded to Ethyl/Ceragraphics, Hackensack, N.J., were: For Excellence in Design Innovation to "Tor toise" as applied to a 14-ounce "execu tive" style tumbler. For Excellence in Technique to "Golden Leaves," also as applied to a 14-ounce "executive" style tumbler. Award winners were (left to right) "Golden Leaves "Ceminesse," and "Tortoise." For Excellence in Technique for Cosmetic Containers to "Ceminesse," an 8-ounce bottle for Max Factor & Co. The "Tortoise" design features an unusual decorative treatment previously unavailable under the present state of the art. The treat ment was achieved by a careful superimposi tion of hand-screened, harmonizing, amber glazes. Trimming the tortoise shell decora tions with bands of 22K gold creates an ele gant jewel-like effect. The "Golden Leaves" technique was accom plished with a chased or encrusted gold dec oration. It is achieved by first hand-screening the design with two glazes. Each glaze or frit contrasts in surface finish with the other. The 22K gold is then applied on the underlying glass texture and fired. The bottle for the Ceminesse skin care product has a marbleized effect, achieved with an original Ethyl/Ceragraphics method involving spraying a semiflat tan glaze coat over the entire bottle and kiln firing. This is followed by laying down materials of the same family used by Tiffany to make irridescent effects on glass. These are applied by a specially-designed machine to achieve the marbleizing effects on the bottle. His responsibilities will include major em phasis on near- and long-term package de velopment in the food and beverage market, as well as market and product development associated with new resins and processes. The Cor two new p south of h vestment c plant will Mr. Burness had been with Ethyl's financial which will services group and will continue to have his market. Th office in Baton Rouge. During the past two years, he has been working with IMCO in the early sumr flame reta development of a new sales forecast program, will go int as well as a new business plan variance pack age. Herb W expects to He holds a M.S. degree in industrial engi as a result neering and operations research from Virginia started op Polytechnic Institute, Blacksburg, Va. had 36 pt In his new position, Mr. Burness will be mented. ". responsible for the maintenance and con tion, we tinued development of the IMCO distributor ployees," program and the coordination of the house hold chemical, automotive and marine market segments. In addition, he will be responsible for certain statistical and quantitative analytical programs utilized in overall market planning. Patents Are Awarded Ethyl researchers and technical employees have been awarded patents in the last several months. In Baton Rouge, T. J. Walter received a patent for an improved method for making alkali metal salts of carboxymethyloxy succinic acid (CMOS). R. L. Kelly and E. M. Ostrowsky, molded products, Chicago, were awarded a patent for a "childproof" two-piece cap and valve actuator. At the Detroit Research Laboratories, L. M. Niebylski was granted a patent concerning aliphatic acid ester antiplugging agents for gasoline, F. J. Marsee was issued a patent for an ECR system using a liquid cooled heat ex changer, and R. E. Malec was awarded a patent involving polybutene quaternary ammonium salt dispersants and detergents for lubricating oils and gasolines. Also, M. Dubeck and D. R. Brackenridge shared a patent concerning a fire retardant polystyrene composition. Phill Davis Excei Addi Award for VisQuoon The VisQueen film products division was recognize: recently by Food & Drug Packaging magazine for contribution in producing the coextruded film for :'f "Package of the Year" recepient, Riviana Foods, hK in the shelf-stable food category. (Left to rightI Miyares, editor of the publication, offers his congrats tions to loe Kelly, technical sales representative, >n: lohn K. Shiffler, general sales manager. VisQueen h" goes into producing perforated pouches in "Success brand rice. CTH' . RSPORi Expansi molded f Mo. The square fe facility, w Approx construct adding at annual pa the next ploys abc Expans complete facility o products principal Springs a molded < plastic sp kets. over. ETC 17271 I ?nts Magnolia Plant to Expand and Diversify in 1978 lalr em- The Company has begun construction on ka8e de* ,vo new plants at its plant site seven miles e market, 0f Magnolia, Ark., representing an in- elopment ;siment of approximately $18 million. One .esses. ,jn( wj|| procju(;e an intermediate, DECTP, financial hich will be used in the agricultural chemical have his iarket. That plant is scheduled for start-up in past two jfjy summer. The other plant will produce a -O in the ,me retardant for the plastics market and program, j gQ jnt0 production in early spring. ice paclc` Herb W. Henry, plant manager, said Ethyl <pects to add about 50 people to the payroll rial engi- ;a resu|t Qf the two new projects. "When we i Virginia .Jl1ecj operations here eight years ago, we . jd 36 people working with us," he com- will be iented. "After these two plants begin operamd con- -oni we expect to have about 240 emistributor :loyees," he added. The annual payroll will e house- e market ponsible analytical Manning. ded nployees ;t several received - making succinic trowsky, arded a cap and ss, L. M. ncerning ents for atent for heat exa patent monium iricating <enridge :iill Davis f/eftl and David Pry check process line in etardant one of Magnolia's plants. ----- Excelsior Springs Plant ?*H Adding Capacity, People Expansion has begun at Ethyl's injection molded products plant at Excelsior Springs, The expansion will add some 21,000 ofuare feet to the existing 46,000-square-foot icility, which was opened in October 1974'. Approximately $1 million will be spent on instruction and new equipment at the plant, y adding about 40 employees and increasing the annual payroll by approximately $260,000 over iie next two years. The plant presently em ploys about 65 people. Expansion of the plant is scheduled for :ompletion in April 1978. The Excelsior Springs ignized for its icility operates as part of the VCA molded for the Jfoducts division of the Plastics Croup. The s, Inc. Principal products manufactured at Excelsior t) Ben fratut*' Springs are custom and proprietary injection- e, end nolded caps, closures and other parts for the n /f/rn -Mastic specialty packaging and container mar kets. OR ,< 1 -:r-dece\;ber j?: climb to about $4 million. The Company is scheduled to begin its hiring program for the new units in early March. Henry stated that sales of the new products will help offset economic losses caused by a declining demand for bromine chemicals. Bromine is used primarily in the manufacture of ethylene dibromide, or EDB, which is blended with tetraethyl lead and tetramethyl lead as additives to gasoline to prevent engine knock. He said that because of the increasing number of catalyst-equipped cars requiring lead-free gasoline and the Environmental Pro tection Agency's phase-down of lead in gaso line, there will be a continued sharp reduction in EDB requirements and, hence, bromine pro duction from brine. Two Oahor Plants In 1977, Ethyl completed construction of two other plants in Magnolia, both of which produce intermediate chemicals that do not contain bromine. Henry added that although brine produc tion is declining in Ethyl's field, oil and gas exploration is increasing. Ethyl completed 13 producing oil wells in 1977. The Company expects to continue an active drilling program this year. Brine supplies are adequate for the fore seeable future, Henry said. "Additional raw material stability is provided by alternate sources of bromine supplies, notably Israeli production from the Dead Sea." Henry ex plained that Israel is a large exporter of bro mine and is now marketing bromine in the United States at below domestic prices. "These imports are certainly a factor in our long-range planning for the future," the plant manager said. Diversification Important Henry also pointed out that development of new bromine supplies is not feasible at pres ent because of continually rising costs and difficulties in acquiring new leases as a result of a recent court ruling. Hence, diversification into chemicals not containing bromine is im portant to the local operation. "We feel fortunate in being selected for the Grainger Appointed To Accounting Post Richard T. Crainger has joined the finance department in Richmond as manager--ac counting for compliance with regulatory agencies, reporting to James P. Moran, as sistant corporate controller. Mr. Grainger's responsibilities concern the Company's compliance with current and prospective accounting rules promulgated by various regulatory bodies such as the Securi ties and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). He holds an M.B.A. degree from the Univer sity of Virginia and is a certified public ac countant. He has just completed two and a half years of service with the FASB as technical assistant to a member of the board. expansion here in Magnolia," Henry said. "Since bromine is not a major raw material for these new units, these plants could have been located at any one of several other Ethyl locations. "A major factor in the selection of Mag nolia," Henry noted, "was the availability of an exceptionally fine labor force. Productivity of the employees at Magnolia has been out standing, and we have experienced excellent safety and health records. Our accident record is far below the industry average, and we average less than two days lost per year per employee for sickness. In addition, our turn over rate is extremely low, and to us this indi cates employee satisfaction and high morale in the work environment," he said. 1977 Matching Gifts Plan Made Donations of $21,352 Ethyl's Matching Gifts Plan in 1977 resulted in $21,352 being donated to 113 colleges and universities, Ted. J. Carron, chairman--Educa tional Relations Committee, Richmond, has announced. This is the largest dollar volume in the program's six-year history. Mr. Carron reported that 231 employee gifts were matched by the Company in 1977, and the average gift was $92. In 1976, $19,625 was donated as the result of 236 gifts, averaging $83, he said. Under the Matching Gifts Plan, Ethyl con tributed sums to one or more eligible institu tions equal to the amounts donated by the employee, up to a maximum annual total of $500. Participation in the plan is open to all regu lar employees of Ethyl and its subsidiaries, and it is not necessary that the employees have at tended the institution to which the donation is being made. Gifts may also be made in the name of a spouse or dependent child. Institutional eligibility is limited to any four or two-year college, graduate or professional school, or technical institute which is (1) either accredited or working toward accreditation by a nationally recognized regional or profes sional association; and (2) is recognized by the Internal Revenue Service as a tax-exempt edu cational institution. Etc 17 272 PACE FIVE 'The Rockford Files' Visits IMCO fit. infOr his r he kk l> Cc ihi ol wc Ihe h mi lar. bv on Pe of Di the Fc t/s: fir. ni: hi: Sc na Vi tir an Sc New Singapore An episode of the NBC television show "The Rockford Files " was filmed next door to Ethyl's IMCO plant in U Mirada, Calif., in October. The scene around the plastics plant was pure Hollywood during the filming. Actors used trailers in the IMCO parking lot for dressing rooms, and tables were set up for lunch. The program aired in No vember, bringing back memories to some oi the IMCO employees, who met the star of the show, lames Gamer and other actors, including Parnell Roberts, formerly a star on "Bonanza/' and lackie Cooper. (Above left) Parnell Roberts poses in front of the IMCO sign, while on plant tour. (Above) James Carner gives an autograph to Colleen Spendlove, receptionist at the plant. (Left) Shown with Parnell Roberts are (left to right) Mrs. Spendlove, Mr Roberts, Nan Devries, inventory clerk; Helen Nugent, shipping clerk; Michelle Nugent, daughter of Mrs. Nugent; Harold Birkenbach, quality control superintendent and Ray Delgado, compounding foreman. Terminal Marks Far East Expansion Cc IJJ>. an lhth; * n w- $i: M Another Ethyl bulk antiknock compound distribution terminal was formally dedicated in ceremonies held October 20 at Jurong Town, Singapore. About 30 guests from Pakistan, Korea, Thai land, Malaysia, Indonesia, the Philippines, members of the international petroleum in dustry based in Singapore, as well as govern ment and business representatives attended. Among the Ethyl International attendees were: William I. Rusher, general manager-- sales, international petroleum chemicals divi sion; William S. Dixon, regional manager-- Ethyl Asia Pacific Company and E. M. Stubble field, operations manager--Ethyl Asia Pacific. Further Distribution Initially, Ethyl's new facility is supplying petroleum refineries in Singapore, Malaysia and Thailand. The terminal has been designed, however, to permit distribution of antiknock compounds to other refineries in the three m countries presently served, and to other areas in Southeast Asia. w Shipment from the terminal is made in spe rc cial portable tanks, each of which contains ir approximately eight metric tons, equivalent to ,li- 24 of Ethyl's antiknock drums. The tanks can Ic be shipped by trailer, rail car or by ocean rr vessel. d- Othur Terminals El Also Ethyl's Asia/Pacific is delivering to rc other terminals in Taiwan, the Philippines and V Australia with an additional terminal in In si donesia. tc rc b. tc s! 0 it w Vk U d 1 h rr a [thyl's new bulk antiknock compound distribution terminal in Singapore. 4CF SIX ETC 17273 E7h:. r;-0A-1 F. D. Gottwald, Sr. O Reflections on the Company's Longest Career sore' Note: This interview, the tenth in a series of -ttviews with Ethyl employees, was conducted by loseph C. Robert, Professor of History Emeritus, the iversity of Richmond, who is now researching the sory of Ethyl. i.D. Gottwald, Sr., was born in Richmond, Va. In 1918 resigned his position as assistant paymaster with the jmond, Fredericksburg and Potomac Railroad (R.F. ?.) to begin work with Albemarle Paper Manufacturing xncany, a iirm founded in 1887. Moving upward nugh the ranks, Mr. Gottwald was elected president Albemarle in T941. In the judgment of the business yid, Mr. Gottwald's major distinction is his role in formation of Ethyl Corporation (Virginia) in 7962, en Albemarle, with a net worth of approximately J30 -llion, borrowed $200 million and purchased the much rjer Ethyl Corporation (Delaware), then jointly owned . Genera/ Motors and Standard Oil of New lersey. Among many civic activities, Mr. Gottwald has served : the Richmond City School Board, the Richmondsnburg Turnpike Authority, the Board of Directors ; the First & Merchants National Bank, the Board of -rectors of the Richmond Chamber of Commerce, and t Board of Trustees of the University of Richmond, imany years he was a deacon in the Montrose Bapj Church, which he also served as chairman of the once and building committees. ant in U tors used d in No; Carner, 0 Parnell ? Coi/een love, Mr. Nugent; Mr. Gottwald's accomplishments have been recogisd by the University of Richmond, which awarded in the honorary degree of Doctor of Commercial dences; the National Management Association, which vied him "Management Man of the Year" in 1964; ijin/a Military Institute, which granted him the Dis3fuished Service Award; and the Co//ege of William si Mary, which presented him with the Business tool Medallion. Mr. Gottwald is married to the former Anne Ruth jM>. They have two sons, Floyd D. Gottwald, lr., chairw of the Board and chief executive officer of Ethyl, Bruce C. Gottwald, president of Ethyl. Chairman of t Board until 1968, Mr. Gottwald, Sr., presently holds `t office of vice chairman of the Board and of the veutive Committee. 1HYL REPORTER: Since the railroad men >ere paid in cash, you had a rather respon on se job with the R.F. & P., didn't you? <1 GOTTWALD: I was made assistant paye three laster, but only after they put down a few er areas argets" to find out whether I was honest or ot. I remember once we had a $42,000 payin spe- ill for Potomac Yards. I was out by 50 cents rontains uhe payroll, and I couldn't find it to save my alent to *. So I put 50 cents of my own in the envenks can ipe. When I got home that night and took / ocean iy pants off to go to bed, the SO cents rapped out of the cuff of my britches. IlHYl REPORTER: Why did you leave the rail ring to ed and begin working for Albemarle? nes and I in In- tt. GOTTWALD: Mr. D. K. Kellogg was trea- jrer at the time the Railroad Administration k over during World War I. We had to :port the officers' payrolls for several years ack in order for the Railroad Administration J review salaries to determine what increases lould be made. When I looked at the salaries j 10 and 20 years earlier, I saw they were st about the same as they were then, and is alarmed me. So I asked Mr. Kellogg if that 'ts going to happen to me. He said that in > railroad business I was waiting for a 'fid man's shoes! So I said, "Mr. Kellogg, really enjoy working with everybody around tre but I just can't, as a young man, get very tuch pleasure from thinking there won't be 11 opportunity for growth." He said, ''There r plaque, rminal. ren't be an opportunity for growth except j -PORTI* j 7'iMEER-DECEWBER 977 very, very slowly. If you are going to be dis satisfied, I would like for you to give some consideration to going with an organization outside of the railroad, which would be a hightype firm. I have a friend very successful in the paper business, Arthur Robertson, and he is with the Albemarle Paper Manufacturing Company. Before you look around I would like for you to talk with him." I remember these things as if they happened yesterday. ETHYL REPORTER: Didn't the export business interest you soon after you joined Albemarle? MR. GOTTWALD: That's right. During the time I was export manager, we were exporting 40% of the Company's product. The major markets were Cuba, Argentina, Japan and India. ETHYL REPORTER: One of Albemarle's oldest employees, now retired, has said you had a habit of getting out of the office and moving about in the plants. MR. GOTTWALD: I used to have--still have --low blood pressure. In my white shirt I could go behind the machines, hottest places in the world, and never bother about sweating. The rest of them never could understand that. ETHYL REPORTER: Did the Company have much trouble during the Great Depression? MR. GOTTWALD: It was an extreme struggle to keep the Company going, and the reason we didn't lose money was that we took such extreme steps. For instance, we reduced wages, but every time we reduced wages we reduced salaries comparably. We let our contracts for supplies run out and used up our inventory. We lost money in only one year. The mill manager seemed unable to take the necessary action, and thus he was discharged. I then took over as manager. ETHYL REPORTER: What were the main reasons for Albemarle's purchase of the Roanoke Rapids, N. C., plant? MR. GOTTWALD: Well, during the Depres sion years we learned our lesson in that we had two plants here in Richmond, and we used a lot of pulp. We could see the difference be tween cost of manufacture and market prices. And so we couldn't rest until we could get into pulp manufacture. ETHYL REPORTER: As you think of the days before 1962, what do you consider the most exciting development in the Company? MR. GOTTWALD: That's pretty hard to say. I reckon it was between the Depression--that was a challenge more than it was something to weep over--and the Reconstruction Finance Corporation (RFC) days, when we got the RFC loan for a major new paper machine. You have no idea what a difficult time we had getting the RFC loans, but with the Beloit Iron Work's cooperation we got the machine. ETHYL REPORTER: What led to the great trans action of 1962? MR. GOTTWALD: The polyethylene bag re placed the double-wall waterproof paper bag that we used to make. It didn't take much judg ment to see that sooner or later it would replace the single-wall, and then it would be the sole waterproof lining of shipping bags, cement bags and fertilizer bags. We decided that it would be a good thing to make the bags ourselves, so we started experimental work in making polyethylene. We wanted to work with an expert in polyethylene, or an expert in ethylene who was not making poly ethylene at that time. We looked, and finally we found Ethyl Corporation. ETHYL REPORTER: I suppose one would say that the Ethyl purchase was the most miracu lous event in the history of the Company. MR. GOTTWALD: I've heard other people say that, but to me it never has been anything but routine. It was no more difficult than the De pression days when we were negotiating for the Halifax Paper Company. $450,000 for the Halifax Company was just as far beyond our means at that time as $200 million was ... I won't say "as far", but anyhow .... ETHYL REPORTER: How did Ethyl first get into the aluminum business? MR. GOTTWALD: Aluminum has always fas cinated me. When I first went with Albemarle Paper, I tried to trade paper for aluminum, particularly in the Swiss operations. At Ethyl Corporation we were developing a type of chemical that used aluminum as a chemical, not as a metal. We heard of this plant in Geor gia for sale, Bonneil, and we bought it. ETHYL REPORTER: At the time of the purchase of Ethyl by Albemarle, did you foresee a gov ernmental attack on tetraethyl lead? MR. GOTTWALD: We made the purchase with full knowledge and forethought as to what might happen. We would then replace the antiknocks with other chemicals. As for the Environmental Protection Agency (EPA), it has absolutely no proof that lead in gasoline is any kind of health hazard. I hate to think of the billions of dollars this mistake is costing the American public. PACE SE\'E\ ETc 17274 Aerosols are alive and well at Ethyl. . \ K J. ! . l..< njr .'I DKpw>rfTPTodumD>\iMnn - H Eih>ICorporaiKi The dispensercompany Thirty-three employees at the Plastics Group's dispenser products division facility in North Riverside, III., served as models for this advertisement, which appeared in several trade publications. E. W. Elmore Is Appointed Assistant General Counsel E. Whitehead Elmore has been appointed assistant general counsel of Ethyl, effective January 1. Mr. Elmore, who is headquartered in Rich- mond, joined the Company in November 1969 as a staff attorney with the law depart ment in Richmond. He transferred to the Baton Rouge Tower in early 1970. In Septem ber 1977, Mr. Elmore relocated to Richmond. A native of Lawrenceville, Va., he hold? B.A. and L.L.B. degrees from the Universe of Virginia. Prior to joining Ethyl, Mr. Elmore mwas associated with Hunton & Williams, i Richmond law firm. CRecord Contributions (Continued from Page One) container reported gifts of $2,200, or an Et! average donation of $7.85 from 61% of the that work force. The plant topped its goal bj share $1,000. repor Sa A total of $1,136 was raised at the IMCO facility in Jeffersonville, Ind., with an average 13% the gift at $36.34. Approximately 25% of the em $318 ployees took part. *289 In Kansas City, Mo., IMCO employees con Ne tributed $629.44, The per-capita gift was $6.49 $3.7: as 20% of the work force participated. comf Employees at the VisQueen .plant in La- share Grange, Ga., reported $303 was donated by 33% of the personnel. The per-capita gift was $9.19. Two other VisQueen plants reported thal $382 and $146 were raised, respectively, in Fremont, Calif., and Carbondale, Pa. 330 South Fourth Street P. O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTACE GUARANTEED Bulk Rate U.S. Postage PAID Ethyl Corporation Photo courtesy of The Ssrnia Observer, Ontario, Canada. Christmas Seal Leader George Mills (left) genera/ manager--Sarn/a operations. Ethyl Corporation of Canada, served as chairman of the Sarnia, Ontario, Christmas Seal campaign in 1977. Also shown with Mr. Mills are Andrew Brandt, mayor of Sarnia, and Mrs. lohn McKay, president of the Lambton Lung Association, the local sponsor oi (he Christmas Seal Campaign. PACE EIGHT etc m75 V fTHVi F.ip0RJb Dinted 'unsel appointed I. effective -d in RichNovember aw depart ed to the n SeptemRichmond. he holds University 4r. Elmore v'illiams'}% Increases Company Reports Record Sales and Income in 1977 >0, or an ^thyl Corporation reported January 19 % of the-'1 'ts sa^es> net income and earnings per soal bv ;re ^or ^77 established new records. The ' rart is based on preliminary figures. . Sales for 1977 were $1,282,087,000, up .he IMCO ;;ifrom $i,i 35,412,000 for 1976. Sales for n average ,e fourth quarter of 1977 were >f the em- .g 204,000, an increase of 10% over 39,283,000 for the same period a year ago. yees con- Set income for 1977 was $78,024,000, or was $6.49 ;.75 a share, on a fully diluted basis, ;d. /npared with $69,080,000, or $3.15 a nt in La- are, for 1976. All prior-period earnings per mated by apita gift share have been restated to reflect a 2 for 1 split of the Company's common stock on December 31, 1977. Net income for 1977 rose 13% while the fully diluted earnings per share were up 20%. Net income for the fourth quarter of 1977 was $17,639,000, or 86 cents a share, on a fully diluted basis, versus $15,721,000, or 72 cents a share, for the same 1976 quarter. Fourth quarter net in come increased 12% while the quarter's fully diluted per-share earnings rose 19% over the same 1976 period. Per-share earnings are based on the assumption of full conversion of >rted that ttively, in r tl . Rate ostage \ID Hyl iration Why Did These Men Climb the Flagpole? (SEE PAGE 5) Ethyl's $2.40 Second Preferred Stock. The per-share earnings on a primary basis (before dilution from assumed conversion of the $2.40 Second Preferred Stock) were $4.29 for 1977 and 95 cents for the fourth quarter. F. D. Gottwald, Jr., board chairman, said: "The 1977 results include a $1.7 million after-tax capital gain on the sale of 60% of Ethyl's investment in the stock of the Kentucky River Coal Company, reported in the first quarter. The year's results also include a $3.4 million after-tax capital gain from the sale of the Company's investment in Cooper Laboratories stock and an approxi mate $3 million after-tax adverse effect from the settlement of a suit by a foreign purchaser of certain VCA Corporation patents and from the cancellation of an expansion of MMT facilities, all reported in the second quarter." "Net sales for all classes of similar products for the fourth quarter and the year 1977 have increased over the same periods of 1976," he said. Higher Prices Mr. Gottwald said: "Higher prices contri buted to the fourth quarter increase in petro leum chemicals sales, since shipments, primarily antiknock compounds, were lower. Industrial chemicals shipments in the quarter were higher while prices were essentially unchanged. Plastics sales increased slightly due to higher prices. Fourth quarter alumi num sales increased primarily because of higher shipments with price increases moderating from earlier quarters. Coal revenues benefited from both higher ship ments and prices," he added. "For the year, petroleum chemicals sales benefited from higher prices as well as in creased shipments of lube additives. Full-year sales of industrial chemicals improved pri marily because of increased domestic ship ments as well as higher prices and shipments in foreign markets. The increase in plastics sales was due to higher prices. Aluminum sales in 1977 benefited from increased shipments and somewhat from higher prices. Coal revenues increased as a result of both in creased shipments and royalty rates. "Sales were generally strong in all our business areas, and we are especially pleased with the growth in net income and earnings per share. We anticipate further progress in 1978, and we are optimistic that it will be another strong year for Ethyl," he said. POKTCf: ETC 17276 newscope Bru COTP' lanuaryFebruary 1978 Published bi-monthly for the approximate 16,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications Depart ment, 330 South Fourth Street, P.O. Box 2189, Richmond, Virginia 23217. Edited by ROB BUFORD and RAV KOZAKEWICZ ETHYL CORPORATION F. D. GOTTWALD, JR. Chairman of the Board BRUCE C. GOTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK J. McNALLY Vice President and Treasurer MAKE SAFETY NUMBER ONE Addressing the Baton Rouge Management Club in January, President Bruce C. Gottwald placed heavy emphasis on the importance of observing workplace safety procedures. Safetyconsciousness on the job must be a full-time affair if it is to succeed. As an added reminder to all employees, reprinted below is Ethyl's Corporate Safety Statement first published in 1970. After eight years, it is no less relevant today: People are Ethyl Corporation's most valuable asset. Their safety is the most basic concern ofyour management. It is incumbent on all managers to be aware of the safety aspects of their facilities and to constantly remind all of their personnel of the necessity of working safety. We expect all managers, by their own example, to demonstrate a continuing commitment to overall safety efforts of the Company. Every employee is expected to follow plant and department safety rules and work to the best of his ability to prevent all accidents, particularly those resulting in injuries to employees. Safety can only be accomplished with the utmost cooperation of each employee. Safety must not be overlooked. We must all do our part. As Mr. Gottwald told the Management Club, "My first new year's wish for 1978 would be for a 100 percent safety record. It makes good business sense and common sense to be quite conscious of our own and fellow workers' safety. It's obvious that if you are not thinking 100 percent safety thoughts, then you are one of the prime hazards in the Company." FEDERAL SPENDING With inflation persisting as a serious drag on the nation's economic recovery, it is useful to examine a few key numbers which trace the historical spending pattern of the federal government. Consider: In the 200-plus years of the republic, beginning in 1776, it took fully 186 years for the federal budget to reach the $100 billion mark. It required nine more years for that figure to double at $200 billion. It took only three additional years to reach $300 million in annual federal expenditures and just two more to hit $400 billion in 1976. Of course, the current national budget is on the order of $500 billion. Inflation is a highly complex phenomenon caused by a variety of factors governing the economy. But few would deny that increasing federal spending, growing in what seems like exponen tial terms, contributes heavily to the country's costly inflationary spiral. PAGE TWO Stanley D'Armond, superintendent -- safety at the Baton Af Rouge Plant, has been elected president of the Safety Roup Council of Greater Baton Rouge. Also, Joseph H. Benton, annu engineering department, One American Place, Baton Rougt, They has been elected to the group's board of directors for Gott 1978-79. oper: "l\ to tf Serving as a loaned executive during the 1978 United Way Sales the i Campaign in Columbia County, Ark., was Earl Booth, vou.' traffic agent, Magnolia Plant. Nc dowr grade Elizabeth Pav, central finance, Baton Rouge Tower, served dem:- as queen of the Desk & Derrick Club's Mardi Gras Ball prod January 28. Serving as dukes for the ball were David overa Claypool, International Group, and finance. Baton Rouge Tower. John Durnin, central "I from Ethy said, Donald D. Dunham has been named advertising manage way. for the Company. Based in the advertising and sate |USt as fa promotion department in Richmond, Mr. Dunham has mort We h than 18 years of experience in the advertising and sain f,or t promotion field. we , * survi Mi Elected board members of various civic organizations ii of ) Baton Rouge recently were the following Baton Rouge orgar Plant employees: Roger Banks, supervisor -- power, ha Com been elected treasurer of the Baton Rouge Council of Camp nece: Fire Girls; Arthur Choppin, superintendent -- employee in tf relations, to the Alcohol and Drug Abuse Council of Greatei thin k Baton Rouge, Inc.; John Overmeyer, superintendent- large power, to the Southwest YMCA and John Klock, little impc manager -- administration to the Baton Rouge Chapter oi Dr the American Red Cross and the YMCA. Gott * almo Christopher Perry, son of John Bonner, payroll depart itself ament, Richmond, has been selected to participate in the 1978 Governor's School for the Gifted in Virginia. Tlx program is a month-long academic, cultural and sod experience for approximately 420 rising junior and senior Gi high school students who possess a high level of ability achievement and/or creative talent in various areas oi FI studies. boar revet Promoted from assistant controller to plant controller t the Baton Rouge Plant recently was Percy Templet. He was controller of the Houston plant from January 1967 to August 1977, when he transferred to the Baton Rouge Plant as assistant controller. year rema drug Anai M Com proc George Daniels, senior chemical engineering associate, antil engineering and mathematical sciences section, R&D, Bate 27 p Rouge, has been elected to the executive committee of tl* D Baton Rouge section, American Institute of Chemia said, Engineers. of t $27. proc Earl Bartholomew, general manager of the Detroit Research med Laboratories from 1945-1964, has been elected a Fellow ingrthe Society of Automotive Engineers (SAE). The election8 with a fellow is a means of recognizing "exceptional persona all s contributions to the advancement of automotive tech nology." Among Mr. Bartholomew's achievements ant chei personal contributions was work leading to the basic patens pro! covering the lead antiknock mixtures used commercial1' 197 since the mid-1920's. seve ETHYL REK' /- ETC 17277 iruce C. Cottwald Speaks 1977 Termed 'Another Outstanding Year' ie Baton Approximately 450 members of the Baton e Safety auge Management Club attended the club's Benton TMal management conference January 23. -> Rouge' ieV heard keynote remarks by Bruce C. -tors forJltwald' President. who described Ethyl's '^rations during 1977. `My real purpose," Mr. Gottwald said, "is thank you for another outstanding year. :les and earnings were up 13 percent. This is ted Way., result of a lot of hard work by all of I Booth, ,g." Noting the effects of federal lead phase>wn regulations, Mr. Gottwald cited "a idual trend downwards in antiknock er, servedTM^-" But despite a "change in our Gras Balloduct m'x'" Be ssid the Company expects re Davidira" 'ncreases 'n future earnings. i ce traithink we are going to see a transition ' ntra jm Ethyl, the antiknock company, to :iiyl, the chemical company," Mr. Gottwald id, "whatever business we enter along the iy." Describing the future, he said "we have manager^ rountjecj the corner. We are in a new era rnd sales far as the antiknock business is concerned, has more, have worked for many years getting ready and sales/ this. If a shakeout comes in this industry, ; are going to be one of the strong .vivors." Mr. Gottwald told the audience that "each ations in you, particularly in the manufacturing n Rougeganization, has a circle of influence, in the wer, hasjmpany. It is going to be absolutely of Camp pessary to get your very best performance employee that circle in the next few years. Don't f Greater'"'1' that because your circle may not be ndent- '3e that yur influence isn't felt. A lot of ifini-ir ;lle increments add up to something quite fiportant," he said. lapter ot Deserving the Edwin Cooper division, Mr. jttwald noted it "had a nice sales increase, most doubling its earnings for 1977. That in I depart-^' ^ sa'c*' "is a 8ood storY- ut Big te in the,,. -- nia The.hairman Foresees id social,, ... --^rowth in Earnings areas of pigy^ q Gottwald, Jr., chairman of the urd, said Ethyl expects to double its senues in chemicals from $391 million last trailer atMr t0 about $800 million in 1982 in t Hewas:marks February 14 before the chemical, 1967 to-^S and cosmetic group of the Investment uge Plant nalysts Society of Chicago. Mr. Gottwald told the analysts the Jmpany is moving to diversify its chemicals oduction and reduce emphasis on lead associate, itiknock compounds. Antiknock sales were .D, Baton.lpercent of Ethyl's sales in 1977. tee of the During the next five years, Mr. Gottwald ChemicaCid, chemicals will receive up to 60 percent the Company's capital spending, or some 27S-$3SO million. Ethyl plans to expand "oduction in such areas as drug interResearch-i(jjateSj insecticide intermediates, detergent Fellow of -gredients and flame retardants for plastics, lection as .ith plants open or starting up this year for personal such pro(jUcts, Mr. Gottwald said, ive tech- "we j,ave tried to go into specialty ents a,w' lemicals that will yield above-average ic patenB irofits," Mr. Gottwald told the analysts. In mercially 978, he said Ethyl's profits should rise by rven to eight percent. REPORld.nuARY-FEBRUARY 1978 5 Chatting with President Bruce C. Gottwold (second from right) at Baton Rouge Management Conference were (left to right) Don Thibodeaux, chairman of the 1978 conference; Ken Eiswirth, Management Club president; and BUI Strader, resident monoger of the Baton Rouge Plant. story, as far as I am concerned, is that Edwin Cooper has taken some dramatic steps affecting its long-term future. "The division has reorganized from a frag mented one, partly in Europe and partly in the U.S.," he explained, "to one single organi zation supplying lubricant additives worldwide." The industrial chemicals division, Mr. Gottwald said, "has many things going on which are contributing to the growth of Ethyl." ICD had 14 percent sales growth in 1977, he said, with new plants and expansions at Magnolia, Ark., Houston, and Orangeburg, S. C. "We have got contracts to produce three or four of the hottest new pharmaceutical intermediates in the world market," he added. "I think that is quite an accomplishment and is certainly an area we will continue to emphasize." Mr. Gottwald said the Plastics Group "is approaching $400 million in sales and is becoming quite a factor in the plastics business." Despite a softening in the packaging market during the second half of 1977, he projected improved sales in 1978 and a "good finish for the year." Dividends Declared The Board of Directors of Ethyl February 23 declared regular quarterly dividends of 25 cents a share on the Company's common stock and 60 cents a share on the $2.40 Second Convertible preferred stock of the corporation. The Board also declared regular quar terly dividends on the 6% Series A and V/*% Series C preferred stock. All dividends are payable April 1 to shareholders of record March 10. Turning to the Aluminum Group, Mr. Gottwald said its business depends in large part on the pace of the construction industry. "Construction has been pretty good during the past year, and 1977 was a great year for Aluminum with record sales and earnings." He described plant expansions at both The William L. Bonnell Company and Capitol Products Corporation and cited the success of Ethyl's thermal barrier windows. "These are especially vital in an era in which we are so concerned with energy conservation," he said. Mine Workers Strike Ethyl's coal business, conducted by the Elk Horn Coal Corporation, has been affected recently by the United Mine Workers strike. However, Mr. Gottwald pointed optimistically to geological surveys which indicate that Elk Horn's recoverable reserves may be twice as large as believed when Elk Horn was acquired in early 1974. Mr. Gottwald said Ethyl's capital spending program calls for outlays of some $650 million over the next five years. "By the end of 1981, our annual sales should beat the $2 billion level. That tells me we will be able to handle the de mands of our very ambitious divisions," he said. New acquisitions, on the other hand, "are not necessary to us at this point," he said. He stressed the importance of internally generated programs for the Company in the next few years without ruling out outside purchases when attractive opportunities arise. Mr. Gottwald called on Management Club members to stress workplace safety. "My first New Year's wish for 1978 would be fora 100 percent safety record." he said. "It makes good business sense and common sense to be quite conscious of our own and fellow workers' safety." Chairman of the management conference was Donald Thibodeaux, industrial chemicals. Robert Schmidt of employee relations, Baton Rouge Plant, introduced Mr. Gottwald. PAGE THREE ETC 17278 J. C. Dunn Named V.P. at Bonnell Co. John C. Dunn has been promoted to vice president -- general sales manager of The William L. Bonnell Company, Inc., a subsi diary of Ethyl. Bonnell, headquartered in Newnan, Ga., is a leading producer of ex truded aluminum products. A native of Thomaston, Ga., Mr. Dunn joined Bonnell in 1960. He received a B.A. degree in business administration from Mercer University, Macon, Ga., in 1955, and an M.5. degree in marketing from the University of Georgia in1957. Mr. Dunnhas held severalkey positions in sales and marketing with Bonnell. Follow ing his initial assign ment as a sales coordinator, he held posts of increasing responsibility, in cluding industrial divi sion sales manager of Bonnell. In 1973, he was promoted to vice John C. Dunn president -- industrial sales, the position he held until this year. In his new job, Mr. Dunn will have responsibility both for the industrial sales division and the trim sales division of Bonnell. Wayn In Re VisQueen Makes It Green The grass playing field of the Oakland, Calif., Coliseum is being completely refurbished using plastic film produced by thi VisQueen film products division. The coliseum is home of the Oakland Raiders football and Oakland A's baseball teams. Tin process, designed to control weeds, disease organisms and fungus, calls for injection of methyl bromide and chloropienn fumigants into the soil and covering the field with VisQueen film. The film prevents dispersion of the chemicals into'the air and assures effective fumigation. Wayn, director tion in ment in will be ment, pi mathem will con technica A na been ass - proce since Se He joii January cess en process Baton R subseq several , includir cess dc assistan; assistan He h. enginee 1978 Savings Bonds Campaign Gets Underway As wide Ethyl's 1978 U.S. Savings Bonds Campaign is being conducted from March 13 to March 17. The corporate-wide program allows em ployees in the U.S. to purchase Savings Bonds through payroll deduction. James E. Wintermeyer, internal audit, Richmond, is serving as corporate chairman for the campaign. Every effort will be made to give each employee the opportunity to Crawford To Head Sales For Dispenser Products enroll in the U.S. Savings Bonds program through payroll savings or to increase the allotment if already participating. Bruce C. Gottwald, president, said in a letter to employees: "The importance of Savings Bonds is that they are safe -- guaran teed by the government as to principal and interest, and protected against loss, theft or destruction. When you're saving for some thing as important as education or retirement, safety is everything." Today, more than 9V5 million Americans buy Bonds regularly through the Payroll Martin (General Coordinator), W. L. Mengert, D. L. Robertson, D.H. Scott, W. Scott, B.E. Strawbridge and E.G. Wilborn; Baton Rouge Tower, D.L. LeBlanc (General Coordinator), C. Berthelot, L.l. Bond, S. Boucher, R.P. Chaves, S.G. Creaghe, J. Crosby, J.L. Cross, E. A. Delia, J. Guillory, J.E. Henry, Y. Himelbloom, A.A. Klimek, J.N. LaBorde, G. Lane, R.G. Lanier, E.J. LeBlanc, H. Lloyd,S. Mayhall, F.W. Ramin, R.J. Riggs, C.K. Smith, P.R. Wilkinson, T. Wolf; One American Place, J.H. Kilpatrick. Also, Bedford Heights, Ohio, D. Sloan; Day, birth Rese Febr speci and ' Tt the moti labs Wor Will, Richard S. Crawford has been appointed to Savings Plan. Bonds offer an attractive and Belvidere, N.J., C.B. Brandt; Blue Island, III., general sales manager of Ethyl's dispenser guaranteed return -- six percent when held to J. Mundell, C. Weber; Bridgeport, Conn., S. products division. Mr. Crawford had been associated with the Company's Imco Container Company for 15 maturity of five years. Campaign coordinators listed alphabetically by location are: Baton Rouge Plant, Leo Cox; Carbondale, Pa., R.L. Hammond; Carlstadt, N.J., G.T. Horan; Carthage, Tenn., O.C. Wakefield; Chicago, III. (Federal), J.J. years, most recently as eastern regional sales McVicker and Cross To Porcelli, (Polymold), H. Moerlien; Cincinnati, Ohio, R. Reynolds; Columbia, Miss., R- manager since April 1975. He will have his Fill 2 Positions in P&T Cezeaux; Des Plaines, III., N.J. Angele, D.J. Massey. office in Baton Rouge. In the purchasing and traffic department at Also, Detroit, Mich., H.J. Sewell; Downey, A native of the Baton Rouge Tower, Laddie McVicker has Calif., H.O. Pedersen; Erie, Pa., W. Becker; Wilmette, III., Mr. Crawford received a B.A. degree in eco nomics from Carleton College, Northfield, Richard S. Crawford Minn., in 1951. He joined Imco in March 1963 and has held assignments in every key region of the U.S., been promoted to manager -- transportation services in the traffic section. Jerry L. Cross has been named manager -- transportation safety regulations, also in the traffic section. Mr. McVicker is responsible for acquisition of rail equipment, arrangements for lease tracks and rail routes and services. Mr. Cross, who formerly was manager -- transportation Excelsior Springs, Mo., G. Wood; Fairfield, Conn., F. Artell; Flemington, N. J., W.R. Hall; Fremont, Calif., D.W. Smith; Goleta, Calif., W.H. Saunders; Hackensack, N.H., H. Morse; Harrisonburg, Va., J. R. Frederickson; Houston, Texas, W.E. Andreae, R.T. Peterson; Hunt Valley, Md., J.M. Ness; Jeffersonville, Ind., N.W. Lilly. including sales manager of the central region analysis and planning, is responsible for ex Also, Kansas City, Mo., T.J. Angold, F-5- for nearly two years and western regional panding the Company's program for com Board, R.E. Goff, Dwight F. Hensley, C.B sales manager for more than six years. Prior to plying with all safety regulations when Howard, j.P. Hubert, W.G. Kinslow, F joining Imco, he had packaging experience rendering hazardous materials for trans Rosenhan; LaGrange, Ga., P.C. Libby. with several companies, including Container Corporation of America. portation. He also will continue to direct the private motor carrier operations. LaGrange, Ky., E. Eldridge; LaMirada, Calif-, Process (Continued on poget signif/co PAGE FOUR ETHYL REPORT IANL' etc 17279 A/ayne T. Davis Promoted n Research & Development Wayne T. Davis has been promoted to director -- process development and evalua te in the Research & Development depart ment in Baton Rouge. In his new position, he .ill be responsible for the process develop ment, process evaluation and engineering and mathematical sciences sections of R&D. He ill continue to report to Robert D. Sinner, ethnical director -- engineering, R&D. A native of Minden, La., Mr. Davis had !ten associate director -process development :nce September 1974. it joined Ethyl in tnuary 1959 as a pro- ss engineer in the recess design section, iaton Rouge Plant. He jbsequently held tveral other positions, mduding senior pro- ss design engineer, Wayne t. Davis sistant director -- process evaluation and isistant director -- process development. He holds B.S. and M.S. degrees in chemical mgineering from Louisiana State University. >ced by the reams. The :hloropicrht the air and Science Students Tour Detroit Labs Mengert, on, B.E. n Rouge Jinator), er, R.P. _. Cross, nry, Y. orde, G. Joyd, S. C. Smith, in Place, As part of an observance of nation wide Science and Engineering Youth Day, held annually to commemorate the birth of Thomas A. Edison, the Detroit Research Laboratories played host February 13 to approximately 15 specially selected high-school students and their teachers. The students spent the afternoon at the facility and the chemical and auto motive areas. Some of the hosts from the labs were: Dennis Bammel, Calvin Worrel, Terry Walter and Vicki Willoughby. . Sloan; and, III., ionn., S. mmond; Tenn., :al), J.J. ncinnati, liss., R. ele, D.J. Downey, Becker; rairfield, .R. Hall; i, Calif., I. Morse; .rickson; >eterson; sonville, Safety Achievement Film Plant Manager Keeps His Promise David W. Smith is a man of his word. Just ask the 60 workers at the VisQueen film plant in Fremont, Calif. Three years ago, Mr. Smith, plant manager, pledged that if the plant ever completed a year without a time-lost injury, he would climb up the flag pole on the front lawn. Norman Cox, personnel supervisor, also agreed to participate. Two years went by with several time-losing injuries. Then in 1977, the plant's safety efforts paid off. Month after month went by without any injuries. Soon, employees brought up the promise by their plant manager and built a miniature flag pole made of clay in the middle of the plant's production area. "There was no way I could ignore my pledge," Mr. Smith said. "I agreed that Norm and I would go ahead with our venture." As the safety record continued, a platform on the miniature flagpole was moved up a little by the workers. Then, on January 4, a full year was completed. And David Smith proved he is a man of his word. Unfortunately, when he and Mr. Cox made their promise, it was summer. On January 4, it was a cold and rainy day. But, nevertheless, the two men ascended to a specially-built platform on the flagpole promptly at 8:30 a.m. The two managers were given cheers by their 60 employees and plenty of encouragement. Both men spent the day on the flagpole, except for a brief rest at lunch, where they were able to dry off. The venture drew many onlookers and a number of newspaper reporters and radio and television broadcast crews. A phone was rigged on the pole, and Mr. Smith was inter viewed over the phone by several reporters, including ETHYL REPORTER from Richmond. Mr. Smith noted: "The flagpole-sitting venture is but one facet of an agressive and innovative plant safety program that has been three years in the making, but has resulted in a complete turn-around in work accident experience." "We're very proud of all of our employees for working one year without a time-losing injury. This accomplishment is especially gratifying in a heavy industrial plant because many recent events in the news have involved industrial disasters, such as grain elevator explosions." The plant manufactures film for disposable diapers, agricultural and construction applications. 4 Plastics Plants Get Safety Awards Four plants in the Plastics Group have completed one year or more without a disabling injury. Each plant will receive a "Safety Award Plaque" from Plastics safety group recognizing the outstanding efforts. Three of the plants are in the VisQueen film products division, while the fourth is in the molded products division. 'VisQueen's Carbondale, Pa., plant completed its second year in .a row without a disabling injury December 31. Robert L. Hammond is plant manager, and Frank Heraghty is safety director. The LaGrange, Ga., plant completed one year on December 31. The plant manager is Peter C. Libby, while Larry Ramsey is safety director. VisQueen's Fremont, Calif., facility completed one year without a time-lost injury on January 4, 1978. David W. Smith is plant manager. Duane Holt is safety director, (see story above on how the plant celebrated its achievement). Molded's Federal plant in Evanston, III., also completed a year without a disabling injury on December 31. Dan Phillips is plant manager, and the safety director is John Binder. old, F.S. ley, C.B. slow, F. Libby; la, Calif-i ? on pot* W New Detergent Unit Under Construction at Houston '"Vets design has been completed and construction is now underwoy on o multimillion dollar unit at the Houston Plant to produce zeolite A, a detergent intermediate formulated to contain xificant/y less phosphorous making the detergent biodegradable. REPORTE* V'WA.RY-FEBRUARY 1978 ai etc 17280 PAGE FIVE Exchange Student Describes Experience With Ethy Gilles van der Meer, a foreign exchange student from Amsterdam, the Netherlands, recently completed a four-month training program with the International Group's finance department in Baton Rouge. Mr. van der Meer, 25, has a master's degree in business administration from the University of Amsterdam, specializing in management, cost accounting and economics. His training with Ethyl was sponsored by the Association Internationale des Etudiants en Sciences Economiques et Commerciales (AIESEC), the International Association of Students in Eco nomics and Business Management. Beginning October 3, Mr. van der Meer worked as an intern with international finance in the Baton Rouge Tower. During his four months with Ethyl, he also spent a week at the Baton Rouge Plant, worked with central finance, central systems and data processing and spent time with the divisional and corpo rate marketing groups. ``This has been an incredible experience with Ethyl," Mr. van der Meer said recently, as his internship drew to a close. "By being exposed to so many of the Company's divi sional activities here in Baton Rouge, I have been able to put the pieces together and understand better how a large international corporation is run. He added, smiling, "this also has been an opportunity to improve my English." While many of the jobs he handled might seem routine, Mr. van der Meer said "they are not routine to me, and by doing them I am allowing high quality people to do something more productive." One of the first problems Mr. van der Meer encountered in Baton Rouge was the warm climate. "You can't play tennis anywhere in this kind of weather," he said. Also, he was surprised on his first visit to the United States Gilles van tier Meer (left), foreign exchange student who worked for Ethyl in Baton Rouge for four months recently, stud: map with Don Staples (center), international finance, and Robert R. Downey, controller, International Group. at the widespread dependence on automo biles. He bought a car to use during his stay. Another American phenomenon he said amazed him was the proliferation of fast-food establishments. "I have never eaten so much hamburger and fried chicken," he said. Following his internship, Mr. van der Meer planned to travel west and see some of the U.S. before returning home. Back in Holland, he will enter the army for a required period. ``You can't study forever," he explained. For 19 years, AIESEC has sponsored the exchange of some 79,000 students from 5 countries, including 6,500 Americans. It is student-managed organization headquarter: in New York with local committees on ( campuses throughout the U.S. Sponsoring tl program in Baton Rouge is Louisiana Sta University. Mr. van der Meer is the first su: student to work with Ethyl. According to Don Staples, international' nance, who supervised Mr. van der Meer'strai ing, the effort was a complete success. He for sees a continuation of the program in thefutur Ethyl Hellas Appoint The engineering deportment recently turned over operation of a hew mixed lead alkyls unit to Ethyl Helios operations personnel at the Thessaloniki plant. Marking the occasion, among others, were (front row, left to right) D.K. Farmakis, maintenance superintendent; V.L. McDearman, plant manager; E.G. Amolochitis, managing director of Ethyl Hettas;and f.D. Spearman, former plant manager. page six Manoudis to PR Post Aris G. Manoudis has been appoint: public relations manager for Ethyl Hell Chemical Company, S.A., Thessalonil Greece. Mr. Manoudis had been supervisor financial control for Ethyl Hellas. A native of Komotini, Greece, M Manoudis is a graduate of the Athens Hif School of Econom and Business Scienc and did post-gradua work in business a ministration at tl London School Economics. He formerly workt at the Ministry of C ordination uni joining Ethyl Hellas a. g. Manoudis 1968 in the finan department. Mr. Manoudis is a lecturer at tl Greek Productivity Center and has writt: booklets on business administration. He is member of the Greek Manageme Association and other scientific and cultur associations. ETHYL REPO ETC 17281 4-Uyl jtephen B. Rodi y imployee Relations Seen as a Learning Experience jilors' Note: Following is another in a series of tirviews with Ethyl employees. Stephen B. Rodi s been associated with Ethyl Corporation since )51 and has been director -- corporate employee gnions since 1958. He is responsible for employee htions at all Company locations. He was elected a cepresident in 1977. sir. Rodi joined Ethyl as an attorney at the Baton mge Plant and served in that capacity for seven ars until being named to his present position. He o his office at the Baton Rouge Tower. Prior to iring Ethyl, he was with the State of Louisiana Apartment of Revenue for ten years, and was chief virsel at the time of leaving. Mr. Rodi is a native of New Orleans and was nduated from Loyola University in New Orleans , w B.A. and L.L.B. degrees. He is married to the voter Loretta Frances 0 'Boyle of New Orleans, and sty hove four children. fTHYL REPORTER: I understand you live iNew Orleans and commute back and forth owork every day. What's the story? ik. RODI: Well, that's personal, but it gets 4* <- own to be a medical story. I came to Baton fouge in 1941 to go to work with the state. tly, studies Siortly before, we had had our first child ,'companied with serious illness and were ware that we had the Rh factor. In 1941 from 55 :octors were striving to find a way to handle S. It is ih and we were expecting our second child, uartered iaton Rouge was a town of 35,000 people, s on 67 lew Orleans was much larger and had better jring the ealth facilities. So we made the decision not ta State a move. Then came the war. We were glad rst such fiat the family was settled in New Orleans. Ifter the war, I decided our home was in New ional fi Means, and stayed there and commuted. r's train- THYL REPORTER: What was it like in He fore- 951 to go from Chief Counsel of the State e future. ievenue Department to work as an attorney or Ethyl? Did that require a major career ints ost djustment for you? V|R. RODI: No, not really. I was very atisfied with my work at the state. I felt that ; I performed I could stay as long as I pointed anted. But it was obvious that advancement Hellas opportunities were limited. The obvious thing .aloniki, o do was to go in a law capacity with visor - odustry. Lo and behold, out of the clear sky ill at one time, I got three offers to go with e, Mr. idustry. It was not hard to adjust, because I ns High lad made the decision myself. I was going onomic fom one law job to another. iciences raduate ess adat the aol of ETHYL REPORTER: What were some of our early assignments? HR. RODI: The first one that comes to mind *as the so called "change-clothes" suits. Jnder the Wage and Hour Act, Ethyl had four worked of Cou ntil lellas in finance aiits filed against it. One suit had been settled and three were pending. Large sums of money *ere involved. They asked me to review those files. We reached the decision that the Com pany didn't owe the money, and we should r at the ight it. A lot of hard work by many people written *ent into those suits. It was a long case He is a nvolving 47 trial days. The Company won the gement wits. I was pleased to have participated and cultural thankful that this long pending portal-to- Dortal pay issue was ended. PORTER l*HUARY-FEBRUARY 1978 ETHYL REPORTER: How is the employee relations department organized, and what are its primary functions? MR. RODI: We have several primary activities: Personnel, training, testing, benefit plans, salary and wage administration and, of course, labor. We work with all divisions of the Company. In some of our functions, we follow the line concept, with people reporting directly to employee relations. In other areas, we work on a staff basis. We believe you make Stephen B. Rodi your organization fit the capability of your people and your operating needs. This way you do what's best for the Company. ETHYL REPORTER: Have all the acquisi tions of the past 15 years required large-scale adjustment in employee relations? MR. RODI: Not so much adjustment as patience. In acquisitions, your goal is not to upset everything and cause chaos by insisting on one fixed system. It makes more sense to try to study what system the other fellow has. He may be doing some things better than you can do it. Start off with the thought that maybe we can learn from them. Not surpris ingly, you do learn. You know, I came from a one-product, two-plant background. Ethyl now has over 60 locations and all kinds of operations, dealing with all kinds of situa tions. I hope I've made this transition well. And I'm sure that Ethyl will have more acquisitions, and there will be more to learn. ETHYL REPORTER: How does this process work in a foreign country? MR. RODI: Somewhat differently. In labor, for instance, the foreign theory is based more on government control. The government often tells labor and management what must be done. Our job is to find out what is required. Your big challenge in going into foreign countries is making sure you under stand the culture of the area. ETHYL REPORTER: What makes for an effective employee relations program? MR. RODI: First, keep in mind your purpose. You are a business. Your objective is to make a profit, which means that you must be proficient and competitive. Only with this base can you generate the money needed to supply jobs. Second, remember that the people in these jobs are your most valuable asset. They should be treated well. Be tolerant of their faults, but don't let tolerance destroy your purpose. Without that purpose, you have no jobs and no people. The third rule is simple: Do unto others as. you would have others do unto you. ETHYL REPORTER: What do you think is the future for American labor relations? MR. RODI: There is no doubt that the American governmental system is tending to go the socialistic route. We really ought to give good thought and effort to stopping, or at least delaying, this tendency. This is what has happened in the European countries. Having gone socialistic, some of them are sinking under. Government in this country is over-regulating -- not only in the labor relations area but in most others. Too often such regulations are dictated by political power, or by the desire for it, instead of good government in the American tradition. ETHYL REPORTER: What are your hobbies and personal interests away from the office? MR. RODI: I don't really have a lot of outside hobbies. I like to get out and work in the yard. My wife is very active in charitable causes, and I try to assist her whenever I can. I like athletics and sporting events as a spectator. I just enjoy living. ETHYL REPORTER: Do you get involved in Mardi Gras on a social basis? MR. RODI: No, not on a social basis. To keep up with the Mardi Gras on a social basis takes a lot of time. I can remember, as a young man in college, I succeeded in going to 15 balls in a row. It all but killed me. I decided that was not the life for me, but I enjoy Mardi Gras Day. ETHYL REPORTER: How do you reflect on your career with Ethyl? MR. RODI: I have been very happy working first for Ethyl of Delaware and now for Ethyl of Virginia. Our management is fair, tolerant and considerate. It has exercised good business judgment. And the Company is growing and diversifying. I am pleased to have had a change to be a part of this development and hope that I have contributed something to it. ETC 1^282 PAGE SEVEN Athletes by AndyWarhol (CUhnMODb^ W>rtai,<U. MEMBERS'AND PUBLIC OPENING VIRGINIA MUSEUM JANUARY 23,1978 7 T010 PM ON VIEW THROUGH FEBRUARY 26 P*nan^ counnyof Cm Karr G*Mn> N* Ethyl Sponsors Art Exhibition Ethyl recently sponsored an exhibit of works by New York artist Andy Warhol at the Virginia Museum of Fine Arts in Richmond. The show included paintings of 10 well-known athletes, among them as shown in this poster: Pe/e, Tom Seaver, Muhammad Afi and Wif/ie Shoemaker. Mr. Warhol was on hand for a public opening of the show January 23. The exhibit ron until February 26. Distinguished Service Gordon Knapp, Detroit Lobs, was honored recently by the Detroit section of the American Chemical Society with its first Distinguished Service Award. Congratulating Dr. Knapp (center) is Michael Dubeck. Other employees in the pioneering chemistry group are (left to right): Robert Davis, Charles Weidig, Yun-Yang Huang, Duane Horgis and Lawrence Kehoe. PAGE EIGHT Savings Bonds Drive Coordinators Named (Continued from page 4) L.J. Hughes; Long Beach, Calif., B.M. Peterson; Los Angeles, Calif., W.O. VanWyck; Louisville, Ky., G.J. Martin; Magnolia, Ark,, A. Groves; Manchester, Iowa, C.C. Aultman; Mechanicsburg, Pa., W.H. Folger; Mt. Hope, W. Va., B. Dixon; New York, N.Y., F. Bauer, J.N. Mason, L. McEntegart; Newnan, Ga., R. Petty; Norcross, Ga., E. Whitlock; North Riverside, III., P.H. Leavitt, Jr.; Norwalk, Conn., . D. McCarthy, J. Schlossman; Oakland, Calif., R.A. Partch; Orangeburg, S.C., H.L. Kearse. Also, Pasadena, Texas, P. Chase; Philadelphia, Pa., B.C. Wiliison; Pittsfield, Mass. (Imco), O.D. Hayes; (VCA-Greylock), j. Grady; (VCA-Marland), R. Ahlen; Plainfield, N.J., C. LaBarbara; Pomona, Calif., J. Beasley; Prestonburg, Ky., P.J. Martin; Princeton, N.H., W, Ludt; Richmond, Va., H.P. Cobb (General Coordinator), H. Baird, B. Clark, M. Lewis, I.A. Nimmo, A.A. Pascucci, A.P. Rowe; Rockaway, N.J., J.W. Rogers; Sandston, Va., M.A. Francis; Sauget, III., P. Diesel; South Grafton, Mass., R. Bozoian. Also, St. Louis, Mo., D. Silvey; Tarrytown, N.Y., G. Conace; Terre Haute, Ind., G.E. Raley, M.W. Williams; Tiptonville, Tenn., L. Hollingsworth; Tulsa, Okla., N.J. Linstromberg; Union City, Calif., D.E. Yarbrough; Vandalia, III., W.H. Johnson; Wayland, Ky., M.B. Stephens and Waterbury, Conn., W.J. Soder. 330 South Fourth Street P.O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED Bulk Rate U.S. Postage PAID Ethyl Corporation Share Sa "Eth) % and F. D. C ittendin April T txpects compart income second c The results txpecte six mor Mr, ( over th 1700 i working the $6' carried toward ment. " accomp about 7 and IS spendir The total sa the Cot mately 1820 chemic. plastics Presi divisior explair the us narrow antikm part, b said, r sales c "We the pt non-let oeen x mated pany's mainly Mr. in the additiv very e they a organ1 ETC 17283 ETHYL REPORTS* led 2, . B.M. nWyck; , Ark., -iltman; Hope,- Bauer, Ga., R. North irwalk, ssman; geburg, bareholders' Meeting Chase; tsfield, >ck), J. infield, easley; iceton, Cobb ark, M. . A.P. Rogers; III., P. n. /town, . G.E. in., L. N.J. D.E. nnson; rbury. Sales, Income Gains Seen Likely by Chairman "Ethyl hopes to increase sales in 1978 by :and net income by 7%," Board Chairman D. Gottwald, Jr., told some 300 persons tending the Company's annual meeting aril 27 in Richmond. Mr. Gottwald said he pects second quarter sales to rise 9% above mparable 1977 second quarter results. Net tome should grow about 5% over the tond quarter of 1977, Mr. Gottwald said. The chairman noted further that Ethyl's silts for the second half of 1978 are jected to improve over those of the first i months. Mr. Gottwald said Ethyl's capital spending tr the next five years should total some HO million for plants, equipment and irking capital. He added that some 20% of < $670 million capital spending program med out between 1973 and 1976 went vard safety and pollution-control equiptnt. "I think we have got a large part of that romplished now," he said. "We expect ut 7% of our capital budget between 1977 4 1980 to go to safety and pollution inding," he noted. The chairman said that compared with ul sales of $1.28 billion reported for 1977, t Company hopes to have sales of approxiitely $2.15 billion by 1982. Of that, some 120 million is projected to come from tmicals and about $650 million from istics operations. President Bruce C. Gottwald outlined visional operations for shareholders. He .plained the effect of federal restrictions on ' use of lead in gasoline and forecast the /rowing of the domestic market for lead riknock compounds. This will be offset, in m, by increased foreign sales, Mr. Gottwald id, resulting in "gradual growth" of lead its overall. "We have spent a great deal of time over '< past 15 years diversifying Ethyl into Mead areas," he added. "I think we have *n very successful in doing so." He estiued that by 1982, only 14% of the Com fy's sales will represent lead antiknocks, 'iinly in foreign markets. Mr. Gottwald cited continued improvement the results of the Edwin Cooper lubricant tditives business. "They have a number of *y exciting new products coming along, and *y are completely integrated with our R&D Itnization," he said. Sylvia Farmer (left) and Carolyn Parrish of the Richmond office greet an unidentified shareholder arriving for the annual meeting April 27. Pharmaceutical intermediates are another promising area for Ethyl, Mr. Gottwald said. He mentioned herbicides, insecticides and detergent intermediates as additional oppor tunities for the Company. For the Plastics Group, Mr. Gottwald noted an upward trend in sales. "We have high expectations for improvement," he said. "The Aluminum Group has quietly grown into a nice-sized company in its own right," he added, citing strong sales of thermalized aluminum windows and doors. Completion of an inventory of Elk Horn Coal Corporation's holdings has shown that Elk Horn has about 600 million tons of coal in reserve, Mr. Gottwald said. "This is con siderably more than we thought we had when we bought Elk Horn," he added. By the end of 1978, Mr. Gottwald said, Ethyl's oil and gas exploration program should be "solidly in the black." Shareholders were shown a number of slides depicting the Company's operations and performance. They also viewed a corporate audio/visual presentation, "Changing: to Serve a Changing World." At the meeting, the Company's 19 directors were re-elected, and Coopers & Lybrand were approved as Ethyl's auditors for 1978. Edwin Cooper Plans New European Plant Ethyl announced March 28 that Edwin Cooper S.A., its wholly owned affiliate with headquarters in Brussels, Belgium, expects to construct a lube additives plant at Feluy in the province of Hainaut, Belgium. James A. Hancock, director of Edwin Cooper S.A. and president of Ethyl's Edwin Cooper Division, said the plant will manu facture several chemical additives as well as blend additive formulations used in the lubri cating oil and related industries. The facility, which is in an advanced stage of engineering, involves an initial investment in excess of 800 million Belgian francs, or approximately $24 million. It is scheduled to begin operations during the second half of 1980. The new plant initially will employ approx imately 60 people and is designed to utilize the latest technology in meeting the ex panding requirements of the Company's cus tomers in Europe, the Middle East and Africa. The Edwin Cooper Division operates similar facilities at Sauget, III., and Stanlow, Cheshire, (Continued on page 3) PORTER ETC 17284 newscope baa^^eVSSotO, Vol. 16 March-Aprii 1978 No. 2 Published bi-monthly for approximately 16,500 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications Depart ment, 330 South Fourth Street, P.O. Box 2189, Richmond, Virginia 23217. Edited by ROB BUFORD and RAY KOZAKEWICZ ETHYL CORPORATION F. D. GOTTWALD, JR. Chairman of the Board BRUCE C. GOTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK J. McNALLY Vice President and Treasurer DISTRIBUTION OF REVENUES One of the great misconceptions about business is profits. A recent survey by the publication U.S. News and World Report found that people are under the impression that business is earning a good deal more money than it actually is. Asked to estimate how much a typical manufacturing company is able to keep as profit out of every sales dollar after all costs and taxes are paid, the average guess was 17 cents and the median guess 13 cents. Government statistics show that the actual profit margin is about five cents out of every sales dollar. When asked how much they thought manufacturers should be able to keep as profit, answers again averaged out at about 17 cents, with a median of 13 cents. So, while the public may not be fully informed as to what today's typical margin of profit is, there is no indication in the survey that they think it's too high. For example, in the case of Ethyl, the following breakdown on the distribution of revenues should be helpful in understanding where the Company's revenues and income went in 1977: $1,301,200,000 -- Was Received by Ethyl From All Sources $ 788,200,000 -- Or 61%, to suppliers for materials, services, etc. $ 274,000,000 -- Or 21%, to employees for payrolls, employee benefits $ 61,100,000 -- Or 6.2%, for income and other taxes $ 22,100,000 -- Or 1.7%, for interest expense $ 20,100,000 -- Or 1.5%, for Ethyl shareholders in dividends $ 115,700,000 -- Or 8.9%, for use in the business, including expansion, modernization and working capital In 1977, Ethyl's net income was $78,024,000, or about six cents out of every revenue dollar. Out of this $78 million, $20.1 million was paid to shareholders in the form of dividends while the remainder was reinvested in the Company for expansion, maintenance, working capital and other areas. All too frequently, those who consider profits extravagant fail to understand the distribution of income. In order for a corporation to grow and continue to perform year after year, it must reinvest a large portion of its income. MERIT SCHOLARS, 1978 Congratulations are in order for this year's recipients of Ethyl-sponsored National merit Scholarship Awards. The winners are Norman Guenther of Richmond, James Koenecke of Baton Rouge and Cynthia Wood of Houston. All are high school seniors with outstanding records of achievement. PAGE TWO J Marvin Smith, district manager for Ethyl's petroleur chemicals division office in Kansas City, Mo., recent! received the "Boss of the Year" award from the Johnsc County (Kan.) Chapter of the National Secretaries Associ. tion (International). Named eastern regional sales manager for Plastics' IMG container products division is Robert Reynolds. He hi been midwest regional sales manager. Robert Maeser, general superintendent -- administration,i the Houston Plant, taught a ninth grade Careers course; South Houston High School for several months as part c the Junior Achievement Project Business program. Elected to community service posts of various civic organ zations in Baton Rouge recently were the following Bate Rouge Plant employees: Michael Bonaventure, qualii control, to treasurer of the Audubon Girl Scout Counci Dale Motsinger, tetraethyl lead operations, to the board c the Cerebral Palsy Center of Greater Baton Rouge and Pert Templet, plant controller, to the board of the Betfc Business Bureau of Baton Rouge, Inc. Named Alumnus of the Year for 1978 by Louisiana Stat University is Dr. George F. Kirby, a member of th Company's board of directors and a former Ethyl presiden Don Munn, assistant foreman -- brine field, Magnoli Ark., recently served as a first aid instructor for a eight-hour basic course for local Girl Scout leaders. * Reappointed to the public information committee of th Public Affairs Research Council of Louisiana is John F Murray, director -- marketing services, international petre leum chemicals, International Group, Baton Rouge Tower Bob Blair, of the Houston Plant took part in the Pasaden (Tex.) unit of the American Heart Association Jogathono April 1. Eor the second consecutive year, Howard, son of Howar Carter, polyvinyl chloride operations, Baton Rouge Plant was chosen most valuable player on the Triple A All-StaU All Star team in Louisiana. * Bettye P. Richard, wife of Joe G. Richard, Jr., manager technical service of the pipe products division, Baton Roug Tower, has been elected Louisiana president of the Philar tropic Educational Association. + Gary Deaton and Bill Harvie have joined the VisQueen filr products division as technical sales representatives, based if Mississippi and Wisconsin, respectively. Phillip L. Fowler ha been promoted to production supervisor at VisQueen LaG range, Ga., plant. ETC 17285 ETHYL REPOf 0 :irst Quarter Results Show Improvement Over 1977 Ethyl reported April 24 that sales, net ifi ne and fully diluted earnings per share for etroleum , first quarter of 1978 were at record levels, recently for tbe fjrst three months of 1978 Johnson ta|ed $319,688,000, up 9% from ssocta- 54,097,000 for the first quarter of 1977. Net income for the first quarter of 1978 a $17,678,000, or 85 cents per share, mpared with $17,631,000, or 81 cents per s' IMCO ire, on a folly diluted basis, for the first He had *ee months of 1977. While net income for t first quarter of 1978 was about equal to : same period a year ago, fully diluted ,-nings per share were up 5%. The per-share tilings are based on the assumption of full lon,at aversion of Ethyl's $2.40 Second Preferred -ourse at . s part of lTc,he" per-s.hare earnings on a primary .basi.s fore dilution from assumed conversion of ! $2.40 Second Preferred Stock) were 91 nts per share for the first quarter of 1978 c organi- mpared with 93 cents per share for the first ig Baton arter of 1977. Earnings per share for 1977's quality st quarter have been restated to reflect a 2- Council; M split of the Company's common stock board of -.December 31,1977. nd Percy ------------------------------------------------------------- e Better Cooper Plans tew European Plant ;na State .iwtinned from page 1) ! the igland. The new plant will be located on resident. ^ owned by Ethyl S.A., also a wholly #ned affiliate of Ethyl. Ethyl S.A. began itration of an aluminum alkyl catalysts vtagnolia, fant in late 1976 at Feluy, which is some 25 for an liles southwest of Brussels. F. D. Gottwald, Jr., chairman of the board : Ethyl, said: "The construction of this ajor lubricant additives plant in Europe e of the fresents 3 significant step in Ethyl's growing j. n p trticipation and commitment to the worldal, pe.tro-' id, e mar,k, et for chemicals supplied to the oil Tower. ^__________________________________ The results of the first quarter of 1978 included a $1.1 million after-tax capital gain from the sale of Ethyl's remaining 40% investment in the stock of the Kentucky River Coal Company compared with a $1.7 million after-tax capital gain in the first quarter of 1977 from the sale of the com pany's 60% investment in Kentucky River. Cost Improvement Award The molded products division plant In Pomona, Calif., received the Plastics Group's 1977 Cost Improvement Program (CIPJ award. Taking port in the presentation ceremonies were (left to right): Roland E. McKenzie, assistant general manager -- Plastics; Timothy ). McGrath, industrial engineer and CIP coordinator and Dean D. Denton, plant manager. In 1977, 800 projects were reviewed at Plastics' 50 installations, resulting in a $9.6 million savings, or SI.3 million above forecast. Pasadena ithon on Howard ge Plant, All-State anager :>n Rouge le Philan- jeen film . based in owlet has isQueen's "V technical department at the VisQueen film products plant, Terre Haute, Ind., recently completed 10 years, or one million tot-hours, without a time-losing accident. Garland Raley (left), technical manager, presents plague to Oant Pestoff (center) of technical services department and Robert Pease (right), planning coordinator for technical services and safety coordinator v the technical department. uportcr '*th-April 1978 Petroleum chemical sales were higher prin cipally because of higher prices and increased MMT shipments. Industrial chemical sales increased primarily because of higher prices and higher foreign shipments. Plastics ship ments were lower while prices were slightly higher. Aluminum sales increases were pri marily a result of higher shipments due to more activity in the construction industry. Oil and gas production increased in Louisiana and Arkansas. F. D. Gottwald, Jr., chairman of the board, said: "Our first-quarter results are in line with our estimates. Industrial chemicals continued to be affected by start-up costs of several new plants. Adverse weather conditions affected many of our operations, while Elk Horn Coal Corporation had a loss as a result of the coal strike during most of the quarter. Domestic lead antiknock compound shipments were down in comparison with strong demand in the 1977 first quarter, but total lead anti knock shipments worldwide were about level. Despite the slowness of the first quarter, we continue to believe that 1978 will be another excellent year for Ethyl." *77 Annual Tteport - -- - (. - -y4 - ' ' ` r TOT? $Annual 'Report lias been ; blished .and -distributed to share- ' Idas, employees, -customers and *7 .'TThe 32-pageJ.port includes . vsef the-Company'* operations and i cial results for 1977. Ethyl's sales i .$1.28 bHIion, and net income was - 178,024/100. tamings per share were i- - i reportmcludes special -sections on , lb ,*Bversificatioii program since ] and end-products-for which Ethyl i s intermediates, additives or parts. 4 '^ijitiBu^'TijpoiTrorate IMffihft : -J Logan Is Elected Elk Horn Controller Albert K. Logan has been elected controller of The Elk Horn Coal Corporation, a 96-percent owned subsidiary of Ethyl Corpor ation. A native of Port land, Me., Mr. Logan joined Elk Horn as chief accountant in 1976. Prior to joining Elk Horn, Mr. Logan was associated with the former Oxford Paper Division of Ethyl for 10 years. He joined Oxford in Albert K. Logan Rumford, Me., as a budget analyst in 1966 and transferred to Richmond in 1970. He was promoted to supervisor -- general accounting in 1975. Mr. Logan is an accounting graduate of Northeastern Business College, Portland, Me. etc l?286 PAGE THREE Lube Additives Division Edwin Cooper Facility Has Undergone Many Changes : ts;repn*Jd t>y peratssibn of/tfre * kirtgham, 8acldt^'''?ia'>;^scot'] jland) TtmatGroop undefcopysgtat z nvenzion in gteTJnttcd i............. WnmafiitiM By Susan Whitehead Bracknell (England) Times Alf Horsted remembers the days when working in the petroleum business meant helping turn out 45,000 tins of cycle oil a week and only the manager had a car. Earning 15 shillings a week as a tin-filler in 1936, he is now purchasing officer at Edwin Cooper research laboratories in Bracknell, where 150 staff devote their energies to improving the fuels, lubricants and hydraulic fluids which keep the 1970s running smoothly. Now an employee of an American-owned multi-national company, the Ethyl Cor poration, Mr. Horsted has seen many changes since he started work for C. C. Wakefield. Under the late Lord Wakefield the com pany became the giant Castrol, which established the Edwin Cooper research facility in Bracknell in 1963. In time, Castrol was taken over by Burmah Oil, and when the group fell into financial difficulties in 1974/75, the Bracknell laboratories were sold to the Ethyl Corporation. Twinned with a U.S. research and develop ment station in St. Louis, Missouri, the Edwin Cooper laboratories house facilities for research into the chemical additives which improve the quality of oil. The American and British facilities com plement one another to a large extent. European passenger car engine tests are run at Bracknell, along with much of the company's long-term research, while the emphasis in St. Louis is on the needs of American customers. In the firm's industrial oils laboratory I met laboratory assistant Teresa Denman, who ex plained: "Certain additives can be developed to prevent sludge forming in a machine. A bench test is sized up by fim Roots. Mary King carries out analytical testing. Others might help a machine to run longer without needing an oil change. "Sometimes additives go out of pro duction. For instance, people are concerned about conservation of sperm whales and so products based on their oil have to be replaced by synthetic additives." Teresa worked at the laboratories when they were owned by Castrol. She explained that the work did not change at all when Ethyl took over. The only difference was that the head office moved to the London Road laboratory site from Bracknell town centre. But she added: "You can feel the American influence now. The pace is brisker and people move around a bit more." She continued: "I think they have ex cellent facilities here. It is recognized as being one of the best-equipped test facilities around." Personnel manager Basil Lansdale explained that more than half the staff are engaged in research and development, in two main areas -- trying out new formulations and seeing if the new additives can be produced, in a scaled-down petrochemical works. There is a large test-bed facility where experimental oils are run in engines for several thousand hours before they can be officially approved. The firm sells to 150 customers in Europe, including large oil companies like BP and Castrol. Edwin Cooper has offices in Brussels, Hamburg and Paris and a blending plant at Antwerp, which will eventually merge with a new additive plant planned for Feluy in Belgium, and recently announced. The new facility, which will replace a plant near Liverpool, involves an initial investment of 24 million dollars. The plant is due to begin production in 1980. Alf Horstead remembers a time when Lord Wakefield's employees felt pampered to be granted sick pay, paid holidays and a com pany pension. Now these are taken for granted, but there is another legacy from Lord Wakefield's day -- the sports and social club which was started when Castrol occupied the laboratories. Customer services coordinator and sports and social club chairman, Derek Allen, told me: "If you remember the company, you remember the club. We keep up with all the retired people. "The annual dinner dance is very popular, as well as the children's parties and panto mime trips. Anyone can start up a section within the club. Someone wants to start a model railway society at the moment. "I think the company thinks the club helps foster good relationships. People mix across the board." The club has recently been given its own room, which has yet to be equipped. A company magazine, "The Cooper News," carries reports of darts and netball matches, club jumble sales and auction, sailing, golf and horticultural sections. It is also fully illustrated with photographs taken by the company photographers Peter Reid and Dave Maw. Peter, who has worked at the laboratories for 11 years, has done every job from testing engines to assisting the company secretary. He took the chance to do the firm's photography and now also helps design the magazine. He said: "I think we are a very active company compared with other firms, both on the social side and in the work of the company. We do make sure that people are aware of what is going on." Transatlantic communications are also maintained. Mr. Lansdale explained that the facilities in the United Kingdom and the United States are run as one division, with regular telephone conferences. Several members of the Bracknell manage ment are American. I spoke to Peter Jensen, the director of finance who is visiting England for two-and-a-half years. He told me how the English laboratories compared with their American counterparts "Things run very smoothly. I think Edwin Cooper here has the advantage of being a little more internationalized in its thinking and in its attitudes." ten Halsey conducts engine test. Tl w annc Schc Conare: Jam Cyn N Mrs. with Rict seni Sch Jeff the tri-c was Clu tea: will Wil stu ETC 17287 ETHYL REPORTED lges nd sports 'lien, told 'any, you ith all the popular, nd pantoa section -o start a t. :lub helps lix across Sorman H. Guenther with parents, Mr. and Mrs. Norman 6. Guenther of Richmond. i its own James M. Koenecke is flanked by parents, Mr. and Mrs. Merlin M. Koenecke of Baton Rouge. ir News," Threematches, Students Win Ethyl Merit Scholarships , golf and Winners of Ethyl Merit Scholarships were Dtographs lers Peter announced recently by the National Merit Scholarship Corporation (NMSC) and the Company. The recipients of this year's awards are: Norman H. Guenther of Richmond, 'oratories m testing etary. He tography ne. ry active , both on . of the eople are James M. Koenecke of Baton Rouge and Cynthia A. Wood of Houston. Norman Guenther is the son of Mr. and Mrs. Norman G. Guenther. Mr. Guenther is with the employee relations department in Richmond. The younger Mr. Guenther is senior class president at Midlothian High School and was the recipient of that school's Jefferson Scholar Award. He is a member of are also that the and the on, with the National Honor Society and is a tri-captain of the cross-country team. Also, he was awarded the Honor Key by the Civitan Clubs of Richmond. Mr. Guenther also is active with the track A senior at Robert E. Lee High School in Baton Rouge, James Koenecke is the son of Mr. and Mrs. Merlin M. Koenecke. Mr. Koenecke is with the manufacturing depart ment staff. The younger Mr. Koenecke was named valedictorian of his class and voted by his peers "most likely to succeed." He is president of his school's chapter of the National Honor Society. He is editor of the school's literary magazine, a member of the Quiz Bowl Team and president of the school band. Mr. Koenecke is also a member of the All-Parish Band in Baton Rouge. His honors include awards in English and history as well as national, state and regional essay awards. He was a representative to the Louisiana Boys' State and a member of the Governor's Honors Music Program. Mr. Koenecke plans fellow classmates. She is a member of the Thespians and the varsity tennis team. Miss Wood is also editor of the school newspaper and is active with the literary magazine. She was honored with the school's Citizenship Award and served as stage manager of the school's musical comedy production. Miss Wood plans a liberal arts major at the University of Texas. Winners of the corporate-sponsored, fouryear Merit Scholarship are selected by the NMSC from finalists among sons and daughters of Ethyl employees. They are chosen on the basis of test scores, academic records, leadership, significant extra curricular activities and other standard requirements. These winners will receive stipends ranging from a $250 minimum to a $1,500 maximum per year. The amount each winner receives is manager |ensen, . England team, the Latin Club and the school band. He will attend the College of William and Mary in Williamsburg, Va., and plans a pre-medicine study program. to study engineering at Louisiana State Uni versity beginning in the fall. Cynthia Wood, daughter of Mr. and Mrs. Bobby G. Wood, is a senior at MacArthur based on the difference between actual college expenses and the amount the student and his family can afford to contribute.This is the 16th consecutive year that Ethyl has been oratories ;terparts: k Edwin lg a little ig and in Dr. Roy C. A. Bock Dr. Roy C. A. Bock, retired medical director at the Baton Rouge Plant, was High School in Houston. Her father is with manufacturing department operations at the Company's Houston Plant. Miss Wood is a member of the National Honor Society and was voted "most likely to succeed" by her a sponsor. Mr. Guenther and Koenecke were honored recently and received certificates from Com pany officials. Miss Wood will be recognized at a similar ceremony in June. killed in an automobile accident April 24 at GrosseTete, La. His wife, Mrs. Augusta Bock, was injured in the accident and is recovering. Dr. Bock, who was 69, joined Ethyl in 1945 as chief plant physician at Baton Rouge. He retired in 1974. A native of Cincinnati, Ohio, Dr. Bock received his undergraduate and medical degrees from the University of Cincinnati. Prior to joining Ethyl, he was associated with Remington Arms Company, Inc., and Delco-Remy, both located in Kings Mills, Ohio, as plant physician. Dr. Bock was a member of the Phi Chi Medical Fraternity, the American Association of Industrial Physicians and Surgeons, the East Baton Rouge Parish Medical Society and the Louisiana State Medical Society. He also served on the medical staff of the Baton Rouge General Hospital. Cub Scout Tour A local Cub Scout pock recently toured the Columbia, Miss., pipe products division plant. Fred Stuitz, plant manager, guided the youngsters through the facility and outlined the importance of safety in its operations. The youths were particularly impressed with wearing safety glasses. nh-April I97S ETC 17288 PAGE FIVE Meetings Held by Plastics, Medical and Purchasing Several meetings were held recently by three departments and divisions, including first-ever gatherings by the Plastics Group and medical department. In addition, a general purchasing managers conference was held for the first time in several years. The Plastics Group held a series of meetings and seminars March 5-9 in Miami, with approximately 250 people in attendance. This was the first joint meeting among Plastics seven operating divisions -- IMCO container products, VisQueen film products, polymer products, pipe products, dispenser products, metal products and molded products. Among the general speakers were President Bruce C. Gottwald, Dr. Clarence M. Neher, senior vice president -- Plastics and James R. Lees, director of marketing -- Plastics. Plastics is the second largest operating group of the Company while it is first with approximately 8,000 employees and 50 facilities. Meeting in New Orleans on April 14, the medical department meeting had approxi mately 20 physicians, nurses and guests from Baton Rouge, Detroit, Houston, Magnolia, Ark.; Orangeburg, S.C.; Richmond and Sarnia, Ontario, Canada. Special guests included, Robert Herzog, executive vice president and Dr. Gary L. Ter Haar, director -- toxicology and industrial hygiene. The purchasing managers conference was held April 19-20 in Baton Rouge, with more than 30 participants from some 12 locations. Key speakers included Jack C. Wright, director -- purchasing and traffic, Baton Rouge; Tom G. Avant, assistant to the president, Richmond; Tom F. Hanlon, regional manager -- Southwest, petroleum chemcials division, Houston, and Mr. Herzog. Participating in the medical department meeting April 13 and 14 In New Orleans were (front row, left to right): Dr. Gilbert B. Meyers, associate medical director; Dr. J. Gordon Burdick, corporate medical director, Robert Herzog, executive vice president; Gary L. Ter Haar, director - toxicology and industrial hygiene. (Second row, left to right) Dr. f. E. Stevens, Richmond office physician; Dr. J.R. Davis, Houston plant physician; Mary Lou Hernandez, Houston Plant nurse; Dr. J.F. Rushton, Magnolia plant physician and Dr. C.J. Sprunk, Detroit Labs physician. Other participants in the meeting were: Mabel Slaton, Baton Rouge Plant nurse; Janice dine. Baton Rouge Tower nurse; Genevieve Kornbocher, Detroit Labs nurse; Dr. W.B. Louis, Orangeburg Plant physician; Dr. D. Duncan, Sarnia Plant physician; Patty Gwinner, Richmond office nurse; Dr. C.B. Myers, Baton Rouge Plant medical director and Wanda Spiers, Baton Rouge nurse. Approximately 250 people attended the Plastics Group Sales meeting in Miami on March 5-9. Tom Ostertog, (third from left) technical sales representative, was the recipient of the Salesman of the Year Award from the VisQueen film products division. Looking on are: (left to right) Paul Pilant, western region manager and Richard Goodrum, division general manager, and John Shiftier, general sales manager. Ethyl's Rank Is Constant Ethyl's position in the annual Fortune 500 listing stayed the same, at 194, compared to last year's ranking. Each year, Fortune magazine publishes a directory of the nation's 500 largest industrial concerns. The listing, based on total sales, also ranked Ethyl at 160 in net income, 174 in growth rate over the past 10 years and 194 in assets. In the annual Forbes magazine directory. Ethyl ranked 302 in sales compared to 300 a year ago. Forbes listed Ethyl at 267 in net income, a drop from 260 in 1976. The ratings differ due to varying methods used in evaluating companies. Fortune lists only industrial corporations, while Forbes includes banks, railroads and retail businesses. psnc ax At the purchasing deportment's April 19-20 meeting in Baton Rouge were (left ro right): Dave Herbertson, Plastics Gro P> Tom Lee and Bob Smith of central purchasing, Baton Rouge; Bobby Bridges, The William L. Bonnet! Company; Walker, Edwin Cooper, St. Louis; Don Smart, Magnolia; Ron Fontenot, Tex Jackson, Mark Dominque and H. F. Bradford, of centra! purchasing, Baton Rouge; Ernie Clinton, Detroit Labs;and Bob Q'Meara, Baton Rouge Plant. ETC 17289 ETHYL REPORTER l0h, Se Editors with general Houstc He 1947 one-ye; engine t positio March Mr. Kpetrolt divisior Wh G/endc. of San Graduc World the Pc childre ETH stanc MR. colie; I ser then Busii Ethy pros; kno\ inter recei serio my I to bt ETH of y< MR. there lead on r devo bilit' Detr field in C gran was Wes; assig prirr shov of g, West days Den We bulk offi< grea was Dur seve ther was Con to n ET1 reas 194 MR was ant; m. .ing )hn F. Koehnle ielling Fifty Years of Ethyl Service and Knowledge r. Gilbert B. :cutive vice E. Stevens, *s; Dr. J.F. vere: Mabel se; Dr. tf.fi. se; Dr. C.8. Irton' Note: Following is another in a series of interviews j} Ethyl employees. John F. Koehnle, vice president and unf manager of the petroleum chemicals division based in niton, has been associated with Ethyl for nearly 31 years. He joined the Company as an engineer-in-training in June *7 at the Detroit Research Laboratories. After this t-yeor program, he joined the sales deportment os a field dneer in Los Angeles. He subsequently held several sales titions before joining Ethyl Corporation of Canada in rc/J 1964, where he later became vice president - sales, f. Koehnle was named genera! sales manager of Ethyl's voleum chemicals division in August 1966 and became ifsional vice president in March 1972. While born in Cleveland, Mr. Koehnle grew up in undale, Calif. He received a B.S. degree from the University San Francisco and studied industrial management at the itfuate School of Business at Stanford University. During yid War II he served with the U.S. Navy as a line officer in t Pacific theatre. He and his wife, Donna, have five idren. ITHYL REPORTER: What were the circumances behind your joining Ethyl? IR. KOEHNLE: Following graduation from allege in 1943, I went directly into the Navy, served in the Navy until the mid 1940s and itn went back to the Graduate School of iisiness at Stanford. In March 1947, several ihyl people came to Stanford to interview respective employees. I had some limited aowledge of "Ethyl" gasoline because of Merest in cars and engines. Well, when I xeived a letter offering me a job, I did some trious thinking and made the best decision of ly life, and was soon on my way to Detroit abegin working for Ethyl. iTHYL REPORTER: Can you describe some if your early Ethyl experiences? RR. KOEHNLE: In Detroit at that time, fere were two basic R & D jobs being done -- ad antiknock research and chemical research n new products. My first year was basically evoted to technical training with the possiility after the program of staying in the >troit Laboratories effort or moving into the ield as a sales-service representative. The year a Detroit wasn't really a sales training pronm because our total time out in the field ns two or three weeks. I was assigned to the Western region in Los Angeles. My first signment was involved with a sales activity, ximarily with presenting the "Fire Power" flow. This demonstrated the proper handling if gasoline. I put the show on throughout the f'tstern region for about two years. In those lays, the region consisted of all territory from driver to California, so I traveled a good bit. would go to every town where there was a wile plant, a refinery, or large oil marketing iffice and. present the show. It met with a feat deal of success, and the good part of that "as it helped me to meet a lot of oil people. iWing this time I went to Salt Lake City on everal occasions. The big thing that happened litre was I met my wife, Donna. Her father tas the division manager of Continental Oil Company. So, the "Fire Power" show is close >omy heart. ETHYL REPORTER: What were the primary tasons for the growth of field sales in the late :940s? j/to Group! "R. KOEHNLE: During World War (I, Ethyl 3ny; Dennis Bradford, c/I *as restricted in its sales activities. Lead Wiknocks were needed for wartime motor REPORTER ch-April 1978 gasoline and aviation gasoline, and refiners were restricted to a large extent from using lead in commercial gasolines for the public. Consequently, the activities of the Ethyl sales organization during the war were restricted to refinery safety service and assisting the Mili tary handling leaded gasoline. When the war ended, Ethyl found itself greatly under staffed. During the next three or four years, many people were hired, both for the Sales Department and also for R & D. The demand for leaded gasoline grew rapidly and refiners began using tetraethyllead in virtually all gasoline. Also, DuPont, who had manu factured lead antiknocks for Ethyl since the 1920s, decided to go into business for itself. Competition from DuPont forced our sales group to become much more active to main tain our share of the market. The total field force grew to around 250 people. Today, we do the sales job with far less than half that number, even though our sales have increased from those days. ETHYL REPORTER: Can you relate what is involved in the selling of lead antiknocks, a product that is offered by four suppliers and is basically the same? MR. KOEHNLE: One key element in the sale of antiknocks and our other products is personal selling at the executive level. Our market is really about one hundred and fifty oil companies in the U.S. These are our customers. Lead antiknocks are about the third largest purchase made by a refiner, and these purchases get executive attention. Thus, it is necessary for our people to know the top oil people as well as purchasing agents. Our representatives know customer executives, and this tradition helps open doors for our newer salesmen. Another key part of the sales job is to back up the sales effort with technical services that show the customer how to use our products effectively, economically and safely. Our sales people try to be sure the customer receives all the benefits of the knowledge Ethyl has gained in solving blending, marketing and end-use problems. Thus, our sales people, while they are selling antiknocks and other products, are actually also selling 50 years of service experience and knowhow. ETHYL REPORTER: How do you view the future of the petroleum chemicals division? MR. KOEHNLE: The lead antiknock business, of course, is operating under a phasedown schedule imposed by the Federal government. Over the next several years the U.S. lead market is scheduled to decrease by roughly 60 percent. However, it should be remembered that most of the thrust against lead anti knocks came prior to the energy crunch of 1973 and 1974 and subsequent events. The present legislation did not concern itself with energy conservation. Today, automotive com panies are being forced by legislation to use gasoline more sparingly in operating their cars. Lead antiknocks and high-compression engines are the most economical and efficient ways of conserving gasoline. Thus, I don't think that the final answer is in yet. As this energy problem becomes better understood, it could turn out that lead antiknocks still have a significant place in U.S. gasoline for a lot of years ahead. Secondly, we have another anti knock -- MMT -- for unleaded gasoline. There have been some problems associated with its use in future automobiles. At this time, a special test program is being run in California by the Coordinating Research Council. We are hopeful that the CRC test will confirm our test data which says that MMT is an accept able antiknock for use in unleaded gasoline. If that does happen, we will have a significant business in this area. Through the years we have also developed expanding sales for our antioxidants, diesel fuel additives, fuel oil additives and detergent products. Finally, as I mentioned earlier, PCD has a unique repu tation and position in the oil industry as a supplier, and we have great opportunities to use our top-level relations to expand our business lines in the future. ETHYL REPORTER: What are some of your interests outside the office? MR. KOEHNLE: Since horsemanship, speed boat racing, Great Dane dog shows, music and motorcycling are active interests of our family, my wife and I spend most of our leisure time following these pursuits. I have always had a profound interest in competitive sports, which I participated in to the fullest. A football scholarship paid for my college education. Now, I enjoy being an "arm chair" expert in these sports. I do swim practically every day to keep in shape, and play golf to socialize with my friends. Aside from my wife, I have a love affair with listening to and playing large theater organs, one of which I am fortunate to have in our home. P.S. Any organs buffs, let me hear from you. PACE SEVEN ETC 17290 Maple Syrup Making Is Hobby For IMCO Employee Bob Norcross, an IMCO Container products employee in Pittsfield, Mass., takes his hobbies seriously. Few days go by without spending time at his family's 130-acre farm either keeping bees and extracting honey, growing strawberries and blueberries, planting evergreen trees or making maple syrup. Fortunately, these hobbies are seasonal or else he would have more than he presently can handle. Maple syrup making, for example, occupies most of his free time for two-to-four weeks a year in late March and early April. This past season he produced approximately 80 gallons of Grade-A New England syrup, with the help of his wife, Lauren, and a cousin. To produce this sizeable amount of syrup requires the evaporation of some 4,000 gallons of raw sap from several hundred trees. The trees are located as far away as a Vi mile from his sugar house. To add to his work load, he frequently has several feet of snow to contend with during his drilling and gathering operations. Photos by Lauren Norcross Mr. Norcross started making maple syrup about five years ago with his cousin. He started small -- on a stove in a barn. Next, they decided to operate out of a polyethylene film enclosure. But the severe Northern Massachusetts late winter played havoc with this set-up. About two years ago, he built a 18-by-25 foot wooden frame sugar house and purchased a used maple syrup evaporator. This unit consists of a series of metal pans and a firebox. The sap is boiled in the pans that are heated by the fire. In eight to ten hours, approximately eight gallons can be produced from 400 gallons of sap. Maple syrup is one of the oldest agricul tural commodities. Basically, the operation calls for drilling three-inch holes in trees and placing a metal spigot in the hole. A threegallon bucket is hung on the spigot for collecting the sap. As the sap is collected, it is then poured into storage containers. Mr. Norcross has about 1,000 gallons of storage capacity. He uses a tractor, which pulls a 400-gallon container around during his collecting chores. In addition, he sometimes utilizes a plastic hose to move sap from another storage container to a container next to his sugar house. He estimates that he uses about eight or ten' cords of wood to boil the sap. To meet expenses, he sells the syrup for $12 a gallon, which is $3 less than commercial operations sell their syrup. "I really enjoy it. It sometimes is a lot of hard work, but I am glad it's only a hobby. The farmers around here who make a living from this can have some rough years," he noted. In addition to his maple syrup operation, Mr. Norcross has 1,000 strawberry and 200 blueberry plants that will be ready for picking in late summer and 12 beehives for fall activities. For the future, he will have 100 evergreens ready for cutting in five years. Mr. Norcross has worked for IMCO for about four years and is a shift supervisor on the second shift. Thes Bob Norcross drifts holes with gasoline powered drill. Buckets are collected after they are filled with sap. 330 South Fourth Street P.O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED Sulk Rate U.S. Postage PAID Ethyl Corporation Outstanding Supplier of the Year Through the efforts of Baton Rouge Riant, manufacturing and industrial chemicals division employees, Ethyl recently received Dow Coming Corporation's Outstanding Supplier Award for 7977. The award covers the production, distribution and other activities related to selling methyl chloride. Looking at the award are (left to right): Harry Hlnners, superintendent production planning, and Harry Loflin, superintendent - hydrocarbon operations, both of the Riant, and Sherry Denny, supervisor -- order department, industrial chemicals division, Ortinda Blanchard, order clerk, industrial chemicals, and lim Black, assistant supervisor - production, scheduling and distribution, manufacturing, Baton Rouge Tower. PAGE EIGHT ETC 17291 ETHYL REPORTER Rescue A se tions o: nearly Thessal Chemic plant. No t the disa Greece, some t homes. The open-ei damage topplin some o city, C lation i north c Man Surrour late in tremor ee l lot of hobby. i living rs," he ration, id 200 picking or fall ve 100 s. ZO for isor on Jhessaloniki Suffers Earthquake Strikes Greece the syrup Hardwicke Chemical Acquired by Ethyl Ethyl announced July 5 that it had pur chased all the outstanding capital stock of Hardwicke Chemical Company for $15 million. Hardwicke Chemical, located in Elgin, S.C., near Columbia, is a manufacturer of specialty chemicals, including pesticide intermediates. Hardwicke, which employs about 100 per sons, has annual sales of about $11 million. James E. Hardwicke will continue as president of the firm. F.D. Gottwald, Jr., chairman of .the board and chief executive officer of Ethyl, said: "We are very pleased with the acquisition of Hardwicke Chemical, particularly since it represents another specialty chemicals facility in South Carolina in addition to our plant at Orangeburg. We believe Ethyl will benefit from Hardwicke's fine facilities and operating personnel." Hardwicke becomes a subsidiary of Ethyl and will operate as part of the industrial chemicals division. A Look at Hardwicke Chemical See Page Four ion PORTER Photo: Courtesy of United Press International Rescue workers move in following earthquake tune 20. Quake toppled eight-story apartment building, killing 11 occupants. A severe earthquake devastated large porions of Thessaloniki, Greece, June 20, killing nearly 50 people and injuring hundreds. Thessaloniki is the home of Ethyl Hellas Chemical Company S.A.'s manufacturing alant. No Ethyl Hellas employees were injured in the disaster, one of the worst ever in Northern Greece, nor was the plant damaged. However, some employees sustained damage to their nomes. The quake, which measured 6.5 on the open-ended Richter Scale, did its worst Jamage in the old section of Thessaloniki, toppling high-rise buildings and collapsing *>me of the city's oldest landmarks. The port city, Greece's second largest with a popu- iation of some 600,000, is located 190 miles oorth of Athens. Many of the city's residents fled to the surrounding countryside as the quake struck 'ate in the evening following a week of lesser iremors. Aftershocks followed the earthquake for several days. Neighboring Bulgaria and Yugoslavia, which' like Greece are in the Balkan earthquake belt, were shaken too. But there were no reported injuries beyond the immediate area of Thessaloniki. As frightened residents fled from the city, there were large traffic jams. Police, firemen, soldiers and others used searchlights to probe the rubble for victims and survivors. Electricity was cut off, and water pipes burst in many parts of the city. "The city was shaking like a leaf," one journalist was quoted as saying by the Associated Press. Ethyl Hellas' offices in the city were damaged slightly, but repairs are now under way. The Company's plant is located at nearby Diavata, several miles outside Thessaloniki. (Editor's note: At press time, ETHYL REPORTER was seeking to obtain first-hand accounts of Ethyl Hellas employees of their experiences during and after the disaster. These will appear in the next issue.) Hardwickc Chemical Company produces a number of special ty chemical intermediates. ETC 17292 Etl newscope T had Revs CofP stan alloc Papt David W. Smith, plant manager of the Plastics Group's asse' Mav-lune 1978 Published bi-monthly for approximately t6,500 employees of Ethyl Corporation, its subsidiaries and ETHYL CORPORATION F. D. GOTTWALD, JR. Chairman of the Board VisQueen film products plant in Fremont, Calif., recently was elected mayor of Newark, Calif. + -t -* E lected chairman of the Planning Committee of the Nov T filec Cou clai i divisions, by the Corporate Communications Depart BRUCE C. GOTTWALD Wokingham (England) District Council is Ian R.H. Crail, in t ment, 330 South Fourth Street, P.O. Box 2189, President chief chemist -- services for Edwin Cooper & Company met Richmond, Virginia 23217. Edited by FREDERICK P. WARNE Vice President and Secretary Limited. The Committee regulates land use and grants U building permits. estir ROB BUFORD and RAY K02AKEWICZ FRANK J. McNALLY Vice President and Treasurer m Carl Rachal, finance, Baton Rouge Plant, has been elected COVt OSHA PROPOSAL: UNSCIENTIFIC treasurer of the Baton Rouge Association for Retarded Citizens. its (De had add The U.S. Occupational Safety and Health Administration Named regional sales manager -- midwest for Plastics' v\J (OSHA) has initiated the most far-reaching governmental regula dispenser products division is Nicholas J. Angele. He had tory proposal ever taken in connection with the workplace. It been district sales manager for the IMCO container products will have serious economic effects on large businesses and will be division for eight years. particularly burdensome for smaller companies. OSHA proposes to abandon its substance-by-substance P romoted toassistant directoi -- engineering services at the approach to regulating carcinogens in favor of a system which would enable it to regulate on the basis of broad general Houston Plant is Alvin E. Harkins. Also at Houston, James D. Spearman has been named area superintendent - specialties operations. principles of carcinogenicity. In doing so, OSHA is disregarding the opinion of National Max L. Turnipseed, pricing coordinator, Baton Rouge Cancer Institute scientists who recently concluded that general, Tower, has been appointed to the Industry Sectoi Advisors unqualified principles could not be formulated to define carcino Committee on Rubber and Plastics Materials for the gens for regulatory purposes. Industry Consultants Program. The program is jointly To undertake such a program would be as absurd as trying to make American homes absolutely free from the risk of fatalities from falls by banning ladders, stairs, bathtubs, chairs and many other everyday objects. Simply, OSHA assumes that any level of exposure to any carcinogenic agent is too high. The regulation, as proposed, identifies a carcinogen as any material which causes a signifi cantly increased incidence of tumors in animals without regard to the species, whether the tumors are benign or malignant, the dose given or the route of exposure. Numerous scientific and medical experts have studied the proposal and have concluded that it is based on insupportable premises. Industry leaders have said that the OSHA regulations could affect the operations of untold numbers of businesses. In late 1977, industry, which agrees with the basic OSHA sponsored by the Department of Commerce and the Office of the Special Representative for Trade Negotiations. Patrick Hu, son of John Hu, applications and customer service, Research and Development, Baton Rouge Plant, has won the Ethel C. Tyson Award for musical performance in the annual Eleanor Fleming Scholarship Auditions of the Baton Rouge Piano Teachers Association. Donald Blair, sales engineering draftsman with the William L. Bonnell Co., Newnan, Ga., recently was a winner in the Eighth Annual International Aluminum Extrusion Design Competition. He was a merit winner in energy efficiency category and gained a honorable mention in the- building and construction category for a model of a thermal aluminum home. narr M E hav" schi shot pals the Nat (Nik T ship Mer Sch objectives, formed the American Industrial Health Council (AIHC) to work with OSHA in developing a rational, practical and effective standard for regulating carcinogens in the workplace. Named a member of the Pasadena, Tex., area Employment Services Improvement Program Board is W. Paul Chase, personnel, Houston Plant. N F assi jarr The alternative proposal calls for cooperation among government, industry and labor in developing scientifically valid methods to identify and control cancer-causing substances that could pose hazards to employees. AIHC shares OSHA's view that there is a need to reduce employee exposure to cancer-causing substances. This organi zation notes that OSHA should recognize the fact that there are acceptable levels of exposure to some carcinogenic agents, and it Robert Monahan, industrial chemicals division. Bjior Rouge Tower, has been elected to the board of the Lau 'd ' and Cleaners Allied Trades Association. He is the first I tnu person to serve on this body. After 13 years, Lenard Vaughn, environmental, Houston Plant, has received his college degree. He was graduated from the University of Houston with a B.S. degree u> biological sciences. yea r in r ana anc t Un Mr vio should consent to the creation of an independent, scientific board (selected by the National Academy of Sciences) to identify carcinogenic substances. Identification and regulation of carcinogens are too important + Retiring after more than 33 years of service in Blue Island, III., recently was Bertha Fry, accounts receivable clerk at this molded products division plant. Only one other worker ma anc r cf to be left to government regulators alone. has more continuous service at this facility. ETC 17293 .thyl Settles 15-Year Tax Dispute With IRS >e ' Group's , recently e of the ;.H. Crail, Company id grants The Company announced June 30 that it jd reached agreement with the Internal revenue Service (IRS) to settle a longpnding tax dispute relating primarily to the location of the price Ethyl (then Albemarle ;3per Manufacturing Company) paid for the .sets of Ethyl Corporation (Delaware) on \ovember 30, 1962. The dispute ultimately resulted in a suit led by Ethyl in October 1976 in the Tax jurt of the United States contesting the IRS iaim that Ethyl owed more than $45 million i taxes and interest under the allocation lethod proposed by the IRS. Under the terms of the settlement. Ethyl stimates that it will owe about $12.5 million or about 18 cents per share of Ethyl common stock on a fully diluted basis. These additional taxes and interest relate to the past 15 years but under a new ruling by the Financial Accounting Standards Board, promulgated in 1977, companies are no longer permitted to restate prior years for such adjustments and are required to reflect such adjustments as a charge against earnings in the current year. Accordingly, Ethyl reflected the additional charge of $3.5 million in its second quarter. In announcing the settlement, F.D. Gottwald, Jr., chairman of the board of Ethyl, said: "We have diligently attempted to dispose of this matter for the past 15 years i taxes and interest (net of taxes) and still believe that Ethyl's treatment of the overing the period of more than 15 years since . n elected is acquisition of the assets of Ethyl Retarded Delaware). Against such amounts $9 million acquisition for tax purposes was correct. However, in order to eliminate the need for a lengthy and costly trial, which was scheduled ad previously been provided for, resulting in to begin in September, we have decided to re jditional taxes and interest of $3.5 million, solve the long-standing dispute at this time." Plastics' . He had products ;es at the n, Janies ndent - 1 Rouge Advisory for the jointly le Office UE. Foster Becomes General Manager-R&D 4 Dr. Wilter E. Foster amed acting supei Dr. Walter E. Foster has been promoted to general manager of Ethyl Corporation's Research and Develop ment department. He had been techni cal director -- chemical since May 1968, join ing Ethyl in 1953 as a research chemist in Baton Rouge. He was or -- chemical research in 1955 and supervisor in 1957. He was pro moted to assistant director in 1961 and director in 1963. In 1965, Dr. Foster was named director -- pioneering research. Ohio Native A native of Cincinnati, Ohio, Dr. Foster received a B.S. degree in chemical engineering and his M.S. and Ph.D. degrees in chemistry from the University of Cincinnati. In 1976, he was graduated from the Advanced Manage ment Program of the Harvard Business School. He will continue to maintain his office in Baton Rouge. ustomer ' Ian t, has nance in s of the William r in the . Design ficiency building thermal Vfer/t Scholarship Tests Slated In Fall Ethyl employees are reminded that if they tve children who expect to complete high chool and enter college in 1980, they .iould have them see their high school princi pals or guidance counselors immediately after -ie start of school for details about the Vitional Merit Scholarship Test Program NMSC). The Company annually provides scholarflips that are administered by the National 'lerit Scholarship Corporation. Ethyl Merit scholarship winners are chosen by NMSC from among the children of employees who become finalists. To compete for the scholarships in 1980, students must take the Preliminary Scholar ship Aptitude Test/National Merit Scholarship Qualifying Test (PSAT/NMSQT) in October 1978. Participants in the 1979 competition have already taken this test. Recipients can receive a maximum of $2,000 per year for four years. The minimum stipend is $500 per year. oyment Chase, Baton .aundry ,t Ethyl louston iduated gree in Island, lerk at worker New Posts for Two Patrick D. Fitzpatrick has been appointed distant controller -- Richmond, succeeding ames P. Moran, who retired after nearly 30 ears of service. Mr. Fitzpatrick, who joined the Company a March 1957 in New York as an accounting analyst, had been manager -- financial analysis nd reporting, headquartered in Richmond. He holds a B.S. degree from Fordham University and is a native of New York City. '*' Fitzpatrick reports to Frank J. McNally, ice president and treasurer. Also, Ray Slater has been appointed nanager - financial analysis and reporting md reports to Mr. Fitzpatrick. Mr. Slater had been controller -- petroleum diemicals division, Baton Rouge. HY./UNE 1978 PORTER Cynthia A. Wood receives tthyi Merit Scholarship certificate from Charles B. Hunt, resident manager of the Houston Plant. She is the daughter of Bobby C. Wood, manufacturing, at the Plant. The presentation was held ofter the last issue of ETHYL REPORTER was printed. Chairman F.D'. Gottwald, Jr., (left) accepts CMRA Memorial Award on behalf of Dr. M.F. Gautreaux. Presenting award is Robert L. Bowen, member of the Award Jury. M. F. Gautreaux Receives Award Dr. M. F. Gautreaux, senior vice presidentresearch and development, has been honored by the Chemical Marketing Research Asso ciation (CMRA) with its prestigious Memorial Award. The honor is "in recognition of his out standing contributions to the understanding, acceptance, methods and knowledge of chemical marketing research." In addition to the award, CMRA made a grant of $1,500 to the chemical engineering department at Lousiana State University in Baton Rouge in Dr. Gautreaux's name. Accepting the award for Dr. Gautreaux, who was unable to attend the ceremony in New York due to illness, was Board Chairman F.D. Gottwald, Jr. He delivered brief remarks in which he outlined some of the chemical industry's problems in dealing with govern ment regulations. "It's truly a pleasure to be here," Mr. Gottwald said. "My only regret is that Bim Gautreaux could not be here, but I am honored to take his place. He is an out standing person, and I am certain that he is very proud of this high honor you have bestowed on him." Dividend Is Increased The Board of Directors of Ethyl May 25 voted to increase the regular quarterly dividend on the Company's common stock from 25 cents a share to 27/6 cents a share, resulting in an annual increase of 10 cents a share or a new annual rate of $1.10. Chairman F.D. Gottwald, Jr., said: "This represents the seventh dividend increase by Ethyl in the past three years and reflects our continued confidence in the Company's earnings growth." The dividend on the common stock previously was increased on January 1 from 21% cents to 25 cents a share. The board also declared the regular quarterly dividend of 60 cents a share on the $2.40 Second Convertible Preferred stock of the corporation. In addition, the board declared regular quarterly dividends on the 6% Series A and 73%% Series C preferred stock. All dividends were payable July 1 to shareholders of record June 16. PAGE THREE ETC 17294 South Carolina Firm Hardwicke Chemical Company Is Acquired Ethyl's newest acquisition, Hardwicke Chemical Company of Elgin, S.C., has build an impressive record of growth in its nearly 11 years of operations. In 1968, a chemicals supplier furnished a one-quart sample bottle of octyl alcohol to Dr. James E. Hardwicke, who was then operating the new firm out of a converted army barracks trying to develop a specialty chemicals business. Orders to the supplier increased to a gallon container, then five gallons, then to a tank truck of chemicals, and so on. Today, the same supplier ships 20,000-gallon tank cars to Hardwicke and yearly sales to the company run to nearly a half million dollars. Alkyl Chlorides Such intermediates are used by Hardwicke primarily in the manufacture of alkyl chlorides used as intermediates in the pro duction of stabilizers for plastics. Stabilizers in plastics prevent deterioration from ex posure to sunlight, thermal degradation during processing, and other forms of deterioration. Hardwicke also produces a series of crosslinking agents used in the manufacture of widely diverse products from the fiberglass used in boats and storage tanks -- and thousands of other items -- to rubber products such as the molded golfball. In addition, Hardwicke manufactures inter mediates for pharmaceuticals and agricultural chemicals, including herbicides, fungicides and miticides. A principal product is the Hardwicke synergist or activator for pyrethrins. The company is heavily involved in the development of intermediates used in the manufacture of synthetic pyrethroids, insecticides that rival DDT in their effects on insects but do not present the environmental hazards of DDT. Dr. James Hardwicke started his business from scratch in 1968. He had a loss of $40,000 the first year, but the company has operated in the black ever since. In recent years, sales have in creased an average of 25%, while profits have increased 30% each year. From the first piece Or. Jtmes . Hardwicke of business acquired by Hardwicke -- producing a mixture of insect repellents for use by the U.S. armed forces in Vietnam -- Hardwicke Chemical has grown until today customers include Shell International in Holland, ICI in England, Roussel Uclaf in France, Gulf Oil, American Cyanamid, General Electric, Owens Corning, Argus Chemical, M&T Chemicals, Virginia Chemicals, Martin Marietta, Sun Chemical and Emery Industries. Hardwicke benefits from the temperate climate of South Carolina, which permits the economy of locating most company facilities outdoors. The plant location is equidistant from Miami and New York, enabling Hardwicke to provide one-day service for South Carolina's mild climate permits Hardwicke Chemical to conduct most of its manufacturing outdoors all year. Plant site includes approximately 125 acres. most of its customers, north and south. Hardwicke has always stressed research capa bility and flexibility. The company is geared for custom manufacture of chemicals and, if necessary, a very short lead-time between the development of a chemical in the laboratory and production of the same product in bulk for shipment to a customer. Dr. Hardwicke, company founder, is a native of North Carolina. He received his undergraduate degree at the University of North Carolina, his M.S. in organic chemistry at Northwestern, and his Ph.D. at the Univer sity of California at Berkeley and Davis. He engaged in pioneering research at Tennessee Eastman Company in Kingsport, Tenn. He later became director of organic research for Shulton, Inc., in Clifton, N.J. There his work in the development of a new synergist for pyrethrin attracted the interest of McLaughlin Gormley King, a Minneapolis firm that had done pioneering work in the pyrethrins field. In 1958, Dr. Hardwicke became director of research for Cardinal Chemical Company in Columbia, S.C. He was with Cardinal for 10 years, later serving as general manager of Cardinal Chemical and as vice president of another company, Cardinal Stabilizers. 200 Acres With expertise developed in the organic chemicals field and capital provided by McLaughlin Gormley King, Dr. Hardwicke formed Hardwicke Chemical in 1968 to produce specialty chemicals. It began with 15 acres and a small plant consisting of two reactors and three storage tanks in an open field. Hardwicke's land holdings now amount to more than 200 acres. Peeples Named To Employee Relations Post William H. Peeples has joined Ethyl as manager--human resources. His appointment was announced by Stephen B. Rodi, vice president and director--employee relations. In his new position, Mr. Peeples will have corporate responsibility for the recruitment, development, appraisal and training of pro fessional employees. In addition to managing currently existing programs in these areas, he will oversee the creation of a uniform company-wide manpower resources system. A native of Coffeeville, Miss., Mr. Peeples most recently was employed by Bendix Corp., Southfield, Mich., as corporate manager of human resources development. Mr. Peeples holds a B.A. degree in business administration from George Washington University. He is a member of the American Society for Personnel Administration and the American Society for Training and Development. He will have his office in Baton Rouge. ETC 17295 -,v* ofPrtffT EPA Hears MMT Waiver Pleas Ethyl presented results June 27 from a Xkar test fleet showing that there was no agnificant effect of the manganese-based octane improver MMT on vehicle emissions, [he results, submitted at the Environmental Protection Agency's public hearing in lashington on an MMT waiver request, were from SO,000-mile emission tests on 1977 California cars. Ethyl's extensive experience with MMT also shows no harmful effect of this gasoline additive at its maximum use concentration on oatalysts, spark plugs, and other aspects of engine durability, the Company said. Ethyl's 50,000-mile test involved two cars ach of four models, equipped with oxidation atalysts. The cars were run on clear fuel, and the same fuel with 1/32 gram and 1/16 gram nanganese per gallon of MMT. Two Volvos, equipped with three-way catalysts, were also run on each of the same three fuels. Testifying at the hearing, William E. Adams, manager of Ethyl's Detroit Research Laboratories, said: "An analysis of all currently available industry data clearly shows that car emissions, and thus MMT effects on hydrocarbon emissions, at 50,000 miles annot be predicted by 20,000-mile test data." He said that, in view of this important finding, it is imperative that the present Coordinating Research Council 50,000-mile lest program be completed before EPA makes idecision on any possible effects of MMT. "It is well known that banning MMT, vhich is currently being widely used in the oil companies, would eliminate an economical source of octane numbers resulting in de- creased volumes of gasoline and increased crude oil usage," Mr. Adams said. Also representing the Company at the hearing were Denis L. Lenane of the Detroit Laboratories, Gordon Hugh mark of Research and Development, Baton Rouge; C.A. Hall, air conservation, Detroit, and Jack D. Bailie, petroleum chemicals division, Houston. The EPA must act on Ethyl's waiver request by September 12, 1978, or by law the waiver would automatically be granted. At the hearing, representatives from General Motors and Ford Motor Company urged the EPA to ban MMT from gasoline. Legislation affecting the use of MMT was passed and signed into law in August 1977. It prohibits use of MMT in unleaded gasoline effective September 15,1978, unless the EPA waives the prohibition upon finding that MMT will not cause or contribute to the failure of any emission control system to achieve compliance with the Federal emmission standard. Ethyl and several oil companies filed waiver requests with the EPA seeking the continued use of MMT. Beautification Effort IMCO's plant in LaMirada, Calif., received on award from LaMirada for its 1978 Beautification Program. L. Jay Hughes, plant manager (left), accepts award at special reception. Heapsir. Plan: site Appointed Laughlin To New Plastics Post that had Thomas R. Heaps has joined the Company ins field, is general manager--sales and marketing for rector of ihe Plastics Group's molded products division npany in in Baton Rouge. al for 10 Mr. Heaps had been nager of associated with Owensidem of Illinois, Inc., since 1969, most recently as ales and marketing organic manager--plastic clo ided by sure products for ardwicke nearly three years. 1968 to A native of York, i with IS Pa., he received a B.A. of two degree in economics Thomas R. Heaps an open and political science from Centre College of amount Kentucky, Danville, Ky., in 1967. He is a member of the Cosmetic, Toiletries and Fra grance Association. Post Mr. Heaps has his office in the Baton Rouge Tower and reports to Gilbert J. Stein, . Peeples general manager of the molded products ix Corp., division. nager of Sparks, Fiorenza Named business Nolen Sparks has been named director -- shington budget analysis in the corporate budget group American in Richmond. In addition, David A. Fiorenza i and the has been appointed corporate information ing and system coordinator. Both men transferred in Baton from Baton Rouge where they worked in Plastics. reports* XAY-IUNE 1978 VisQueen employees Bob Thomos (left center) and Louis Harpel (right center) receive 25-year service awards from plant manager Dave Smith (left) and Gary Giffel, manufacturing manager for the division. Fremont Plant Has 25th Anniversary The Company's VisQueen film products plant in Fremont, Calif., has celebrated its 25th anniversary. The plant was constructed in 1952 at what was then called Centerville, Calif. Production began coming off the blownfilm extrusion lines on January 22,1953. The plant now manufactures polyethylene films for the disposable diaper, agriculture, and construction industries. To commemorate the event, a dinner was held in May. All employees with five or more years of service were presented with appro priate certificates. Special guests of honor were Louis Harpel and Bob Thomas, who were presented the plant's first 25-year service plaques by Plant Manager David W. Smith and VisQueen Manu facturing Manager Gary Giffel. Honored for achieving 20 years of service were Vince Bettencourt, Mel Braga, Norm Cox, Bill Crosby, Griff Davis, Jose Melchor, Marvin Miller, George Perry, Ed Quinnin and Bettie Wright. A 15-year certificate was presented to Rose Marie Evans. Richard Roche and Dave Smith were presented 10-year certificates. In recognition of all plant employees going one year without a time-lost accident, Mr. Giffell presented a Corporate safety award to the plant. Russell B. Weston, 78 Russell B. Weston, retired director of advertising for Ethyl, died June 7, in Dorset, Vt., after a long illness. He was 78 years of age. A native of Buffalo, N.Y., Mr. Weston joined Ethyl in 1927. His 38-year career with the Company was spent in positions of increasing responsibility in advertising and sales promotion work. He became director of advertising and sales pro motion in 1946 and retired in 1965. He is survived by his wife and two daughters. A funeral service was held June 10. ETC 17296 PAGE FIVE Bruce Gottwald Delivers Commencement Address in Arkansas \rth Ethyl's President Bruce C. Gottwald told graduates of Southern Arkansas University, Magnolia, Ark., May 19 that government regulations increasingly are placing restric tions on the free enterprise system, resulting in more taxes and less reinvestment. Magnolia is the home of the Company's Arkansas Division, which employs about 200 persons at a growing specialty chemicals facility. About 60 employees are graduates or have attended the college. It was Mr. Gottwald's first commencement address. "This is a significant occasion for you," Mr. Gottwald noted, "I would like to offer you my heartiest congratulations for a job well done. Also, congratulations to your parents, who have given you the encouragement to become achievers. "You, the graduating class, have just com pleted the most important event of your lives. You have earned both the right and the obligation to step into the footsteps of the generation preceding you .. . and to shoulder your share of the burden." He added: "You will learn that your achievements will result not only from your own efforts but also the efforts of those all-important generations before you. They have protected our country and others during wars, greatly expanded our life expectancies, made giant strides in eliminating disease, successfully faced depressions and placed a man on the moon." He noted that the basis of free enterprise is the incentive to achieve. "There is no job security in a non-profitable company. Like wise there is little opportunity for personal growth if there is no incentive to reinvest," Mr. Gottwald said. Mr. Gottwald described the federal wage and price controls of the early 1970s and Great Britain's high income tax system as two examples of government controls that have placed limits on the competitive system. But, he emphasized that he is as optimistic as ever about the future of free enterprise. "There are many, many opportunities waiting for you. You have the advantage of a college education. You also have the obli gation to create and protect by your actions, words and deeds an environment in which you and your children may do as well as your parents and grandparents," Mr. Gottwald said. The "Crucible" by Arthur Miller was presentee/ at Anatolia College in Thessaloniki, Greece, on }une 2 and 3. H. Clay Wheless, finance director of Ethyl Hellos Chemical Co. {standing in middle), played die role of Governor Danforth in the production. This presentation was made by Thessaloniki Players, which is an English speaking amateur theatre group. It is mode up of individuals representing industry, education and the foreign service, The players put on several plays a year, providing a very necessary form of English-speaking entertainment to the international community of Thessaloniki. Pl Houston Appearance Bruce Gottwofd addressed the Management Club of tht Houston Plant in June. Mr. Gottwald (left) talks with Beuano Cumbie, personnel, and her husband, Philip. Mr. Gottwe/d and Mr. Cumbie attended high school together in Richmond. Edit rtervie bsocial Ethyl a nent o: jositioi torpor, profit tie fffeside Richm A Hissou Rotla) his M. of tth ttorga ETH Eth> MR. schc offit Eth peri O'C Rot to i1 ETl ear! 20-Year Service The rescue squad at the Detroit Laboratories recently celebrated its 20th anniversary. Chester A. Kelley (right) received a special certificate from Safety Engineer Cal Worrel for being the only crew member to serve continuously from its founding. TO XPONIKO j n*;E6uA EAAaq mnrimtii-MRiin MR wai cus Th cap tht alt pn ex co w; lu de ar ST V. t r t i f Baton Rouge Management Club Officers for 78 The 1978-79 Ethyl Management Club Officers recently elected are: (left to right) Joe Guillory, International Group - Baton Rouge Tower, vice president; Hiram May, maintenance at the Plant, president; Paul Banchetti, industrial engineering at the P/ant, secretary and Bruce Lee, manufacturing staff - Baton Rouge Tower, treasurer. New Greek Publication Ethyl Hellas recently started an employee newspaper catted the Ethyl Hellas Chronicle. ETHYL REPORTER ETC 17297 \rthur W. Helwig banning Function Has Changed Over the Years Editor's Note: Following is another in a series of reviews with Ethyl employees. Arthur W. Helwig has been iocioted with Ethyl Corporation since 19S2. He joined jiyl as a chemical process engineer in Research & Developent at the Baton Rouge Plant. Following several managerial anions in technical services and economics for R&D, ond in rporate planning, he was named director -- planning and rofit improvement in 1964. He was appointed secretary of r Executive Committee in 1969 and was elected a vice rtsidenl in 1974. Mr. Helwig maintains his office in bchmond. A native of St. Louis, Mo., he graduated from the lissouri School of Mines (now the University of Missouriolla) with a 8.S. degree in chemical engineering. He received s M.S. degree in chemical engineering from the University ' Illinois. 'Mr. Helwig is married to the former Evelyn iorgan of Abbeville, La., and they have four children. rTHYL REPORTER: How did you join Club of the with Beuano :thyl? tr. Gottwald HR. HELWIG: I came directly from graduate i Richmond. chool in 1952. In graduate school I shared an iffice with Herb Kraemer, who was on an :thyl Fellowship, and he was visited sriodically by Ethyl's Harry O'Connell. D'Connell was enthusiastic about Baton touge and Ethyl. For these reasons I wanted b interview Ethyl. ETHYL REPORTER: What were some of the arly memorable projects you worked on? i recently `ey (right) Cal Worrel >us/y from HR. HELWIG: The first thing I remember vas that Ethyl was unable to keep up with ustomer demand for antiknock compounds. There was a need to increase production rapacity. The market was growing, and one of the things we did in economics was to study ilternatives for increasing antiknock iroduction. Getting more capacity out of listing equipment by reducing cycles was considered to be the most economical way. It *as also the quickest way and fairly revo lutionary, During that job I learned a great ieal about the costs and economics of making tntiknocks which has helped me ever since. Another interesting assignment was to study the plastics industry to find out whether there was a way Ethyl could enter this business. We recommended building a polyethylene plant in 1954, but Ethyl's Board of Directors turned us down. Nine years later, under new ownership, we bought VisQueen! net colled ORTR ETHYL REPORTER: How did your work and the planning function change as a result of the 1962 acquisition by Albemarle? MR. HELWIG: With the acquisition of Ethyl by Albemarle, the genie got out of the bottle, so to speak. Everything was changed. The pressure was on: where do we go now? That's when I moved into long-range planning, and that's what I've been doing ever since. We had nothing short of a revolution getting the interests of our new company matched up with the strengths of old Ethyl. For the first time commercialization of new products was actually being encouraged! We spent a lot of time talking about how economics should be calculated or what we could invest in. We used to have rather lengthy sessions talking about investment priorities and prospects. We still do, but it's taken as a more routine event now. There were things R&D had been doing for years that I suppose everyone prayed would get commercial endorsement. Synthetic alcohols were one, and we also got into a PVC venture. MX Y-IUNE I97S ETHYL REPORTER: When you surveyed the scene in the mid-60s, how did what you saw then compare to the Ethyl we know today? MR. HELWIG: We suddenly had a lot of latitude to invest, but we weren't generating the profits expected -- in fact some of the new investments were losing money. In the 60s we had our share of start-up and mar keting problems. Earnings from diversification projects were low, and it was hard personally to see just how all of this would eventually develop. As the 60s closed, I wondered whether diversification would really offset any future decline in lead sales. However, the test was to come soon because the Clean Air Act was debated early in 1970, and it culminated in a law that required phasedown of the use of lead in gasoline. Arthur W. Helwig While our prospects then looked poor, I underestimated the resources of the Com pany. We have now achieved some real benefits of our diversification effort. And, we've made some acquisitions that have strengthened Ethyl. It now looks as if we can ride through lead phasedown as the 70s close. ETHYL REPORTER: What is the planning function, and how is it conducted? MR. HELWIG: In 1964, we were a $250 million company. As an individual, I had a fairly intimate knowledge of what was going on, at least enough to make a forecast. What we have done since then is to decentralize the planning and insist that the people closest to the situation develop what they think are the most reasonable expectations for their areas. Today the role of our divisional managers in the planning function is pretty well under stood. Each of them understands the areas and the latitude in which they can invest. They are expected to achieve a target return on the assets they employ. Through the years, we have decentralized the planning function. As a staff group, corporate planning has an opportunity to analyze proposals, test them for reasonableness and, I think, enhance divisional planning. We are requesting, com- piling and'analyzing plans the divisions make and interpreting those to the Executive Com mittee. We hope to have the Executive Com mittee focus on the weak areas or the opportunity areas. All of this helps to direct the financial resources of the Company to the best programs. ETHYL REPORTER: What does Ethyl's fiveyear plan show? MR. HELWIG: I think our Executive Com mittee has previously communicated its interest in continuing the emphasis on specialty chemicals which include lube additives. That's where we expect to derive our sales growth and profits over the next several years. I don't think specialties will be confined strictly to chemicals, as we also have specialty products in plastics and aluminum. I think Ethyl understands the difference between performance-type products as dis tinguished from volume-type products. Over the next five years, performance products in all our divisions will be emphasized. I also expect increasing contributions to profit ability from our natural resource investments in gas, oil and coal. ETHYL REPORTER You wear at least two hats in your responsibilities. How does that work for you, being secretary to the Execu tive Committee as well as the planning job? MR. HELWIG: Well, I think it is a great combination. The benefit is that the Execu tive Committee, as the top policy-making organization, is creating the policies that affect our planning on a meeting-to-meeting basis. I'm right there to hear about them. This makes for an effective way to communicate what is desired to the rest of the organization. ETHYL REPORTER: What are some of your interests in your free time? MR. HELWIG: I enjoy working with wood, building an occasional piece of furniture, working on the house, adding rooms, reno vation, that sort of thing. Baseball is my spectator interest. One civic activity I'm now enjoying is the Science Museum of Virginia located in the old Broad Street Railroad Station here in Richmond. It is just really beginning, and the prospects for it are very exciting. The first pha$e calls for constructing a space theater, a crystallography exhibit, plus renovation, costing $7 million. ETHYL REPORTER: Any reflections? MR. HELWIG: I think November 30, 1962, will be remembered by many as the start of a new era for Ethyl, and I've enjoyed being a part of the evolutionary process since then A company is only as good as the people it employs, and I think we have a great group of people. Working with them has been a fascinating and interesting part of the tob for me personally. Throughout my service here, there has never been a period in which I was as optimistic about the future of the Com pany as I am today. I think what I've learned through the years is that one should never assume that there are any real limits on what the future may hold. ETC 17298 PAGE SEVEN Makeup Magic Turns Capitol Products Employee Into Clown Gene Mascioli, a quality control inspector for Captiol Products Corporation, Mechanicsburg, Penn., loves portraying Guisepat the down for children. He performs his hobby at a number of orea events and frequently applies his makeup to children from the audience. He is one of the few bearded downs but does not let this interfere with his work. U.S. Savings Bonds Drive Is Successful; 30% Improvement Is Seen The Company's 1978 U.S. Savings Bonds campaign resulted in 1,119 new savers joining the Payroll Savings Plan, representing a 30% increase in Ethyl participants. In addition, overall total employee partici pation increased 3% to 32%. At present, 4,733 out of 14,501 eligible employees are now participating. More than 75 Ethyl volunteers, led by Drive Coordinator, James E. Wintermeyer, in ternal audit, Richmond, contributed to the campaign's success. Mr. Wintermeyer cited the many Company coordinators instrumental in making the drive a success. He paid particular tribute to Ray Petty and O.C. Wakefield of the William L. Bonnell Company; Darryl Le Blanc, Baton Rouge Tower; Harold Morse of the metal products plant in Hackensack, N.J. and Gary Martin of IMCO Container's Louisville, Ky., plant. Bonnell's Newnan, Ga., facility led all Company locations with the greatest number of new savers -- 124. Total Bonnell employee participation in Newnan is now 485 out of 1,116 eligible employees, or 43%. Bonnell's Carthage, Tenn., plant also had excellent results with 91 new savers added. At present, 52% of the Carthage work force, or 182, are taking part in Payroll Savings. The Baton Rouge Plant had the second highest amount of new savers with 92. This facility leads Ethyl in total number of savers at a single location with 1,083 out of 2,595 employees participating, or 41 %. At the Baton Rouge Tower, 64 employees joined the program, while 61 and 45 employees, respectively, in Hackensack and Louisville began purchasing bonds. Plastics conducted a very enthusiastic cam paign this year at the Tower. Results show that the Group had a 14% increase in new savers. The Group called the campaign the Savings Bonds Olympics with the top three divisions gaining awards. VisQueen film products was the top division and drive coordinator Al Klimek received a gold medal. Diane Wilson of IMCO container received a silver medal for second place, while Hollis Lloyd of molded products received a bronze medal for third place. Playing a key role in the drive also were Patty Ruth Wilkinson, Jo Crosby and Darryl LeBlanc. Senior Vice President C.M. Neher presented the medals to each of the winners. 330 South Fourth Street P.O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED Barba the ol Se s pub Eth Sen "H' Bat tea anc Ro of he. se\ *r< wf Et di Herzog Honored Executive Vice President Robert Henog was honored recently by his alma mater, The Cooper Union for the Advancement of Science and Art, New York City, with Its highest honor, The Cooper Union Citation. Mr. Hertog (right) accepted the Citation from .Cooper Union President /ohn F. White during graduation excercises in late May. The Citation reads, in part, "Robert Henog, your engineering accomplishments, your constancy and your exemplary professional career are looked upon with great pride by your alma mater." PAGE EIGHT E?c 17299 ETHYL RCPOPrff sp Pi o' u o 9n i tor Al Wilson -dal for molded >r third o were Darryl esented icrbara Dominey, Pasadena Independent School District, and electrician Henry Novak check out an electrical switch box in oiefin tank farm area at Houston Plant. Second Annual Economic Education Seminar Is Held Some 29 teachers and administrators from public and private high schools took part in Ethyl's second annual Economic Education Seminar August 6--11. The program, called "How a Corporation Operates," was held in Baton Rouge and Houston and included teachers and administrators from those cities and the Richmond area. The group spent two days at the Baton Rouge Tower, where they attended a meeting of the Company's Executive Committee and heard presentations by representatives of several Company divisions. The Houston group then returned to the Houston Plant, where they had an opportunity to work with Ethyl employees in the course of their regular duties. Economic Principles The Baton Rouge and Richmond educators spent the rest of the week at the Baton Rouge plant participating in similar activities. A goal of the program was to help the teachers understand better the economic principles of operating a business. Most of the participants teach classes in economics or free enterprise in their respective schools. Related Photos, Page Four According to Quentin Hall, superintendent of stores and services at the Baton Rouge plant and coordinator of the seminar, "We aimed at giving teachers a look at the cor porate structure, from the top down. We wanted to show our strengths and our weak nesses, and at the end we asked the teachers to provide a detailed critique of the program." Motivating Force Among topics covered were ways in which manufacturing is organized, how a labor union functions, how worker health is pro tected in chemical operations, concerns of personnel and management and how research and development is conducted. The educators cited rising interest in job opportunities among their students as a motivating force for greater awareness of business and economics. EPA Rejects Ethyl's MMT Waiver Bid The Environmental Protection Agency (EPA) on September 12 announced that it had rejected an Ethyl Corporation request to continue marketing MMT for use in the United States as an antiknock additive for unleaded gasoline. The EPA refused to waive provisions of the Clean Air Act that ban the use of MMT. MMT had been used in about half of all unleaded gasoline as an octane booster. Ethyl had formally requested the agency to waive enforcement of the September 15 compliance deadline contained in- the law. Under the law, the EPA had to act on Ethyl's waiver request prior to September 12 or else the waiver would have automatically been granted. The EPA said that: ".. . Ethyl Corporation had failed to demonstrate that MMT would not cause or contribute to the failure of any vehicle to meet the Clean Air Act emission standard for hydrocarbons." In declining the waiver, The EPA noted that the MMT ban in unleaded gasoline will not be enforced until October 27. The EPA set this time period "to prevent dislocation in the marketing of gasoline that already con tains MMT". After the decision was announced, the Company made the following statement in response to inquiries from the news media and others: "In denying Ethyl Corporation's request for a waiver and therefore requiring that MMT be banned from unleaded gasoline, the Envi ronmental Protection Agency has impaired the ability of the petroleum industry to provide sufficient quantities of adequate quality gasoline, has required the use of additional imported crude oil and has pena lized the driving public. "Ethyl continues to maintain that MMT has no significant effect on the ability of vehicles to meet prescribed emission standards. It is highly unfortunate that the EPA did not wait to review the final results of the extensive Coordinating Research Council program to evaluate possible MMT effects before reaching its decision. "All domestic gasoline producers have been on allocation of MMT for some time. This decision now enables Ethyl to develop growing markets in countries that continue to be concerned with conserving energy." (Continued on Page Six) newscope 2nc CorP' Vol. 16 August-Septcmber 1978 Published bi-monthly for approximately 17,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications Depart ment, 330 South Fourth Street, P.O. Box 21S9, Richmond, Virginia 23217. Edited by ROB BUFORD and RAY KOZAKEWICZ ETHYL CORPORATION F. D. GOTTWALD, JR. Chairman of the Board BRUCE C. GOTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK J. McNALLY Vice President and Treasurer PB CREATION What does it cost a business to create a new job? That depends on the kind of job. For instance, the capital required to employ a worker in the petroleum industry is $125,000, while for a garment worker the cost is only $8,000. Other average costs are $85,000 for an aluminum worker, $46,000 for the paper industry and $16,000 for a job in printing and publishing. On the average, the cost of creating a new job slot for an American worker is $40,000. These figures may surprise many who relate the cost and value of their employment strictly to their annual salary and benefits. For the whole nation, the total value of such invest ment by business runs to the astronomical sum of $3 trillion. People are certainly business's most important asset, but people without the tools and equipment needed to perform work are not enough. Capital pays for such needs. Over the years, the cost of creating a job has risen sharply. Each year, additional invested capital pays for new equipment, moderni zation and growth. America's two million businesses plow back some $100 billion every year for new plants and equipment. Ethyl Corporation is no exception to this rule. There are three basic sources of such investment capital. First, there are retained earnings, that part of a company's profit which is channeled back into the business rather than being disbursed to shareholders in the form of dividends. Next, there is borrowing from financial institutions or in the form of public sale of bonds or similar debt instruments. Finally, a company may issue additional shares of its own stock. If a company is not profitable, this process fails. After all, who wants to invest money in an unprofitable venture? Profit provides the reinvestment capital so vital to the creation of productive jobs. Capital investment increasingly has become a matter of concern. Many authorities are worried that the nation's rate of new investment is trailing off after years of steady growth. This feeds unemployment, lack of productivity, growing competition from foreign producers and inflation. The solution, many argue, is reduced taxation of business. Allowed to return a higher percentage of its profits to the creation of new jobs through reinvestment, business would be more productive. Likewise, reduced spending by the govern ment would lessen its need to borrow and free up available capital for productive businesses. PACF TWO Neil L. Barr, plant manager at Capitol Products Corpora tion, Kentland, Ind., is serving as president of the Kentland Chamber of Commerce. Capitol Products is one of the Company's two aluminum subsidiaries. Named director of operations--molded products division, Plastics Group, is Paul Thomason, who was managerproduct engineering for IMCO Container Company, Kansas City, Mo., for more than two years. He will be responsible for all but two of the division's 13 manufacturing operations and has his office at the Baton Rouge Tower. Bob Gregson has been named managing director--Edwin Cooper Far East headquartered in Singapore. He had been a technical sales representative for Edwin Cooper in Toronto, Canada. Recently elected to a three-year term on the St. Joseph Children's Home Advisory Board, Baton Rouge, is Hugh 0. Bourque, manager--maintenance and on-plant construction at the Baton Rouge Plant. In addition, he has been reappointed to a six-year term as a member of the Board of Commissioners, Hospital Service District 2, in East Baton Rouge. Max Havercamp, a technical sales representative for the VisQueen film products division, based in Indiana, has been awarded the National Safety Council Safe Driver Award, the nation's highest award for safe driving performance. He was recognized for his 21 years of operating a Company vehicle without having a preventable accident. + + Promoted to district sales manager in the industrial chemicals division's central region is Thomas E. Harrington. He had been a technical sales representative in the region since June 1976 and will continue to have his office at the Detroit Research Laboratories. Also, Susan Dawson has been promoted to sales representative for the central region based in Cincinnati. Miss Dawson had been a sales trainee. Fred O. Sims and Williams H. Dumas have been promoted to senior distributions engineers in the Ethyl International Group, Baton Rouge Tower. Mr. Sims is assigned to the in ternational petroleum chemicals division, while Mr. Dumas works in the international industrial chemicals division. Ett the of H for tl the i adver settle Sa$364 the s six rr incre half < Ne was i with dilut Net was : with dilut The assur $2.4 Ni secoi an a. a sh. taxe annc dispi relat price ! Laura Buckingham, daughter of Michael Buckingham of Edwin Cooper Inc.'s Sauget, III., chemical plant, scored two goals in leading the Granite City, III., girls' soccer team to a recent state championship. Named controller--petroleum chemicals division, Baton Rouge Tower, is Bernie J. Lofaso. He will continue to be coordinator of economic business analysis and control for the division. In addition, Carl O. MacPhee has been promoted to coordinator--budgets and accounting for the division. + Jenny Lidback, daughter of Arne P. Lidback, International Group, Baton Rouge Tower, won the Louisiana Girls'Junior Golf Championship this summer for the second year in a row. In addition, the 15-year-old advanced to the finals of the U.S. Golf Association's Junior Girls' Championship before losing. ETC 17301 ETHYL REPOETC* Walt c exj roe pr< e ]nd Quarter, 6-Month Results Sales Show Increase, Net Income Down Corpora- Ethyl reported July 20 that sales for Kentland it second quarter and first six months ie of the f 1978 were at record levels. Net income jr the same periods was only slightly behind le record results for last year despite the jverse effect of $3.5 million from a tax division, ittlement announced in June. nanager-- Sales for the second quarter of 1978 were Kansas 364,025,000, up 9% from $334,741,000 for sponsible ,ie same period a year ago. Sales for the first perations ;< months of 1978 totaled $683,713,000, an tcrease of 9% over $628,838,000 for the first alf of 1977. r--Edwin id been a Toronto, Net income for the second quarter of 1978 .as $21,342,000, or $1.04 a share, compared iith $21,824,000, or $1.07 a share, on a fully jluted basis, for the same period a year ago. iet income for the first six months of 1978 .as $39,020,000, or $1.89 a share, compared . Joseph Hugh O. struction as been 3oard of st Baton .ith $39,455,000, or $1.88 a share, on a fully riluted basis, for the first six months of 1977. The per-share earnings are based on the ssumption of full conversion of Ethyl's i2.40 Second Preferred Stock. Net income and earnings per share for the econd quarter and first half of 1978 reflected in adverse effect of $3.5 million, or 18 cents ishare on a fully diluted basis, for additional for the nas been ard,the . He was vehicle axes and interest involved in the previously innounced settlement of a long-standing tax iispute with the Internal Revenue Service elating primarily to the allocation of the orice paid for the assets of Ethyl Corporation idustrial rington. e region e at the son has I region trainee. omoted national ) the inDumas >n. ham of red two am to a (Delaware) on November 30, 1962. The per-share earnings on a primary basis (before dilution from assumed conversion of the $2.40 Second Preferred Stock) were $1.10 for the second quarter of 1978 com pared with $1.24 for the second quarter of 1977. For the first six months of 1978, primary earnings per share were $2.01 versus $2.17 for the first half of 1977. Earnings per share for 1977's second quarter and first half have been restated to reflect a 2 for 1 split of the Company's common stock on December 31, 1977. F. D. Gottwald, Jr., chairman of the board, said: "In the second quarter, petroleum chemicals sales increased because of higher prices in all lines more than offsetting lower lead antiknock shipments. Industrial chemi cals sales were up primarily because of higher domestic prices and increased foreign ship ments. Plastics sales benefited primarily from higher shipments. Aluminum sales increases were primarily a result of higher prices while shipments remained at strong levels. Elk Horn Coal's results included royalties received from coal mined as well as income from a small amount of coal reserves sold in place." He added: "It should be noted that our second-quarter and six-month net income would have been at record levels without the effect of the tax settlement and, therefore, we are very pleased with the improvement in earnings from operations." New Folder Available A new wallet-site folder, "Facts About Ethyl Corporation," has been published by Corporate Communications, Richmond. The folder includes a brief Company history, descriptions of the operating divisions and addresses and phone numbers for each division. Copies are available upon request. Chairman Addresses N.Y Financial Group The Company expects to earn approxi mately $4 per share in 1978, Chairman F.D. Gottwald, Jr., told the New York Society of Security Analysts in a presentation September 20. That compares with $3.75 in 1977. Mr. Gottwald told the analysts that Ethyl's second quarter earnings of $1.10 a share included a 18-cent-per-share charge for settle ment of a long-standing dispute with the Internal Revenue Service. Average of 10% Despite the effects of the phasedown of lead in gasoline, Mr. Gottwald said Ethyl expects earnings to increase by an average of 10% a year for the next five years. He noted that despite the Environmental Protection Agency's recent ban on the use of MMT in unleaded gasoline, sales of the manganesebased antiknock should increase outside the U.S. According to Mr. Gottwald, earnings from chemicals sales even without MMT should equal or surpass the drop-off in lead anti knock sales. He estimated that operating earnings growth in chemicals will exceed 18 percent, that plastics earnings should surpass nine percent, and that earnings from alumi num operations will increase by better than eight percent per year. Baton e to be trol for amoted on. ;ational 'Junior ;ar in a nals of ionship Capitol Doubles Capacity In Kentland Capitol Products Corporation completed an expansion at its Kentland, Ind., plant this sum mer, doubling the facility's extrusion capacity. With the additional press, Capitol can now produce 28 million pounds of aluminum ex trusion annually at the Kentland site. The new press is a part of a $2 million capital investment. The original plant was built in 1972. Expansion has created approxi mately 25 new jobs. Dividends Declared The Board of Directors July 27 declared regular quarterly dividends of 2716 cents a share on the common stock and 60 cents a share on the $2.40 Second Convertible pre ferred stock of the Corporation. The board also declared regular quarterly dividends on the 6% Series A and 7V*% Series C preferred stock. All dividends were payable October 1 to shareholders of record September 15. :portR AUGUST-SPTMBR 1978 ETC 17302 PAGE THREE Economic Education Program Et Teachers Learn First-Hand How Ethyl Operates e; G R ai th d N E e c F t c t I ( ( Left to Right: Teachers Murphy Geer and Vicki Saucier of Baton Rouge and Brian Kane and Nicholas Boke of Richmond view publications in Baton Rouge R AD Library. Chairman F. D. Gottwald, Jr., explains Executive Committee functions at Baton Rouge Tower as teachers listen. C< hy. op> Q: sea mi eai 20 A: th 11 AI di th m Q di A th P o w a g s C f Robert L. Hunt, Aluminum Group, Baton Rouge Tower, explains extruded ports to Dr, R.C. Hunter (second from left} superintendent of Richmond Public Schools, and other teachers. Terry Goodwin of Houston with outside machinist Marvin Beard (right) inspect a steam-driven gas compressor. PAGE FOUR ETC 17303 ETHYL REPORTED Ethyl Hellas Employees Tell of Earthquake Memories Editors' Note: Following the serious earthquake which struck Thessaloniki, Greece, June 20, 1978, ETHYL REPORTER sought to obtain first-hand accounts from Ethyl Hellas employees of their experiences during and after the disaster. We are indebted to Aris G. Manoudis, public realtions manager for Ethyl Hellas, who interviewed fellow employees in the days following the quake. Here, in their words and in pictures, are some revealing insights into the human side of such an event. (By coincidence, as these accounts were being readied for publication, another less serious earthquake struck Goleta, Calif., location of one of Ethyl's IMCO Container plants. Damages to that area, including Santa Barbara, were far less severe.) C Grammatikopoulous, Hydrocarbons area jperator 0: Were you ever icared in your life so much as during the arthquake of June 20th? A: I was on duty on ihe night shift from 11:00 PM to 7:00 C. Grammatikopoulos AM. To tell the truth, I was not scared at all during the earthquake because I was out at the plant and did not feel the tremor so much. Q: Was your family scared and what did they do? A: My family, which consists of my wife and three kids from seven to 14 years old panicked. We live very close to the plant. Two of the kids were sleeping, and my wife had to wake them up and get them out of the house as soon as possible. Fortunately, when they got out, they joined with other relatives and spent the night with them. neer IV.R. motive. Q: When did you get in touch with your family? A: I talked with my wife at midnight. She assured me that none of our relatives was harmed and that there were no damages to our house. I left the plant the next morning at 11:00 to take care of them. Finally, I would like to make a wish that Thessaloniki never laces such an experience again. 'ist Marvin V.L. McDearman, plant manager at Ethyl Hellas since 1976 Q: How did you get in touch with the plant? A: I couldn't, be cause all the phones in Panorama, where I live, were out of order. I put my family in the car and tried to drive to the plant. But that was not possible either, because all roads to the plant were full of cars with people trying to get out of town. 1 was not worried about the plant, because I could detect no damage to my house and the plant would be stronger. I was unaware that there had been a power failure because we had power at my house. Q: When did you get to the plant? A: At 6 o'clock in the morning. Everybody there was worried about their families, so we decided not to start up before everybody could take care of their families. I was amazed to find that many employees had brought their families out to the plant. Q: Had you ever lived through an earthquake before? A: No, never before. That was a unique one I wouldn't care to see it repeated. C.G. Spikiopoulos, cost and budget supervisor with Ethyl Hellas since 1966. Q: Had you ever lived through a big earthquake before? A: No. Q: What was your most memorable ex perience during the C.G. Spikiopoulos earthquake of June 20? A: The sight of the deserted city when I came back the morning of June 21. Being a pure Thessalonikian, it was the first time I saw my hometown in such a depressing situation. Q: Where exactly were you during the earth quake and what did you do right after it? A: Since there was another smaller earth quake the day before, I had decided to move my family out of Thessaloniki. Therefore the day of the earthquake we were in Litohoro, 98 kms from Thessaloniki right below Mount Olympus. We felt the tremors there, too, while we were watching TV. After the earth quake we stayed up and listened to the radio to find out what exactly happened. I was worried about my parents in Thessaloniki. The next morning I went to the office. Nobody was there. Our downtown finance offices were damaged so the next day we moved out to the plant. At nights I slept in my car and went to work in the morning. Miss S. Miteloudi, typist, one of the newest employees of Ethyl Hellas Q: What exactly were you doing the night of the earth quake? A: I was at home with my parents and S. Miteloudi my two brothers. Immediately we stood below the door frames since we were told this was the safest place. I was not scared but felt insecure as to what would happen in the next seconds. People were shouting. Families were leaving to get aw?y from the tall apartment buildings. Q: Where did you spend the night? A: We stayed up all night outside the house in the middle of the square in front of our -.PORTER AUGUST-SEPTEMBER 1978 house. We felt more tremours all night but fortuantely only of a minor degree. Q: Where were you staying the following days while the tremors continued? A: Even though our house suffered no damage at all, we left Thessaloniki and stayed with relatives in the small village of Kallikratia, which is 50 kms outside of Thessaloniki. I had to get up at 5 o'clock every morning in order to get to the plant on time. 70 to 80 percent of the people living in Thessaloniki left their houses and stayed for over a month in the villages in the country. I wonder how difficult it will be not only to repair all the damages but also to overcome the fear of future earthquakes. D. Tzanetis, general foreman, operations, with Ethyl Hellas since 1966 Q: Where were you when the earthquake started? A: I was at the plant in my office at the control room. I was reading reports of the D. Tzanetis previous shifts since my work started that night exactly at 11 PM. I was making the program of my job for the next 8 hours. The earthquake started at 11:10 PM. Q: What was the first thing you did after the earthquake stopped? A: I went out of my office to see what happened to the plant site and passed through the control room where, with a quick glance, I saw everything was in order in the hydro carbons area. I talked over the phone with the lead building and with the H/C area foreman to verify that they had no damage and that operators were at their positions in order to implement the emergency conditions procedure. Because of the telephone lines breakdown, it was impossible to get in touch with the city. Q: How and when did you get in touch with your family? A: Because of the electricity failure there were no telephone connections with the city. This created problems to the people working in the plant, because they could not get in touch with their families. In spite of all this, we had continuous connection with the refinery of Esso Pappas, and we used Esso's switchboard to get in touch with our families in Thessaloniki. For those who could not get in touch with their families (since everybody was out of the houses because of the earth quake), we formed small groups and went by car to see our families and came back to the plant later. Many of them brought their families with them and stayed overnight at the plant. Q: What exactly was your family doing when the earthquake started? A: My little daughter, Fotinoula, and my wife, Irene, were in the garden and stayed there until the next morning when I went back home. PAGE FIVE ETC 17304 Plants Take Part In Health Study If Ethyl workers are prone to any ailments, from simple colds to ulcers to arthritis to cancer, Ethyl wants to be well prepared to prevent such ailments where possible. That's why the Baton Rouge and Houston plants have joined a major five-year study to identify the nature and extent of diseases among petrochemical and refinery employees. Sponsored by the American Petroleum Institute (API) and coordinated by the Memorial Sloan-Kettering Cancer Center, the study will cover nearly 65,000 employees from more than 20 petrochemical and petro leum companies. Not only will the project lead to greater understanding of the possibilities of occupationally-related diseases, but it will also act as a surveillance mechanism by which early signs of illness can be identified and action taken in advance of long-term effects. The first concerted industry effort of its kind, the study will likely become a model for medical surveillance in all industries. "This study testifies to the growing general awareness that industry is in a better position to assess the health of its employees than are government agencies" said Dr. J.G. Burdick, Ethyl's corporate medical director. "The data are more readily available to industry and it understands the specifics considerably better," he added. The latest scientific evidence indicates that industrial chemicals are not major causes of disease as claimed by certain government agencies. While some chemicals manufactured by Ethyl and other chemical companies are toxic when given in large doses to laboratory animals, employees do not routinely get exposed to these chemicals at toxic levels. In fact, the evidence shows that Ethyl workers are healthier than the general population. The API Sloan-Kettering study, which got underway early this year, is an ambitious program which monitors morbidity (illness) as well as mortality and is a prospective, rather than a historical, study. This means that it moves forward in time, making use of ongoing data. As developments occur, the study can be adapted to account for them, further exploring specific areas that have taken on new significance. The strictest medical confidentiality is maintained throughout the research program. At Ethyl, basic information such as job title, age, sex and location was supplied to SloanKettering for all employees at the Baton Rouge and Houston plants. The cancer research institute uses this study as a basis. When an employee returns to work after an illness lasting five days, the results of his or her routine return-to-work medical review are sent to Sloan-Kettering. Another aspect of the study is a tumor registry. If it turns out that an employee has a tumor, benign or malignant, the plant medical director asks that person to sign a "Tumor Registry Medical Information Release." This permits Sloan-Kettering to ask the employee's doctor or hospital for copies of the materials that led to the diagnosis. Dr. Burdick explained why this is impor tant: "Certain kinds of tumors are difficult to distinguish and physicians may differ as to exact classification. This may not influence the treatment, but it is tremendously signifi cant to the researcher who is trying to find out whether the workplace had anything to do with the disease." Ethyl encourages all employees to sign the medical release form when it is necessary. The Institute treats this information with the utmost confidentiality. If its findings differ from those of the employee's physician, the latter will be notified. "The overall health pattern is what we are interested in", said Dr. Burdick. "The more we learn about it, the more each of us will ultimately benefit." Ted MacKinnon Canadian Scholarship Ted MacKinnon, son of Mr. and Mrs. Murray MacKinnon, is the winner of Ethyl Corporation of Canada's Ethyl Family Scholarship for 1978. His father is plant chemist at Ethyl of Canada's manufacturing plant in Corunna, Ontario. The younger MacKinnon will attend the University of Western Ontario. He will study science and intends to enter medical school. In high school, he was active in the band and athletics. Two other Ethyl of Canada scholarship winners are also attending the University of Western Ontario. Houston Management Club Houston Management Club officers for 1978 ore: (left to right) W.W. Whitehall, board member; David R. Bridges, president; Jess L. Tovey, retired past president who installed officers; jerry L. Glenn, vice president; Andrew A. Navarre, secretary and j.A. Gigoat, treasurer. AH are with maintenance at the Houston Plant except Mr. Glenn, who is with operations. MMT Waiver Rejected Safety Barbeque Is Held In LaMirada, Calif. /4/CO Container Company held o special barbegue this summer at its LaMirada, Calif., plant. Serving as chefs for the day were all employees who had suffered an injury on the job during this past year. Left photo--(left to right) Plant Manager Joy Hughes, Rebeca Soto, secondary department, and Larry Fulton, molding, oversee grill. Right photo-Israel Gonzales, a molding employee, watches over fellow workers. Each hat was appropriately labeled: "I Goofed." (Continued from Page One) In Washington, the American Petroleum Institute said: "The ban on MMT will make it more difficult and costly to produce gasoline of sufficient octane to meet the nation's gasoline demand, which has been at or near record levels since May." API said: "Without MMT, additional re fining processes will be required to make gasoline of sufficient octane. The processes, in turn, drive up costs." The ban only applies to unleaded gasoline. Thus MMT can be used as an octane improver in leaded gasolines. Ethyl is the sole producer of MMT, which is manufactured in Orangeburg, S.C. ETC 17305 ETHYL REPORTER ) i i p and Mrs. of Ethyl Family is plant jfacturing ttend the vvill study al school, band and holarship ersity of ret (left to R. Bridges, 10 instolled A. Navarre, xjintenance o is with :ted troleum make it gasoline nation's or near onal re el make esses, in lasoline. mprover iroducer ired in Frederick P. Warne Handling Problems That Did Not Exist 10Years Ago Editors' Note: Following is another in a series of interviews with Ethyl employees. Frederick P. Warne, vice president, secretory and general counsel, has been associated with Ethyl since 1955. He joined the Company in New York as general counsel. He was elected corporate secretary in 1969 and named vice president, in addition to his duties as secretary and general counsel, in fanuary 1974. Prior to joining Ethyl, he was associated with the New York City law firm of Cahill, Gordon, Reindel ond Ohl. Mr. Warne maintains his office in Richmond. A native of Yonkers, N.Y., he received an A.B. degree from Dartmouth College and an LL.B. degree from Harvard Law School. He is a member of the Virginia State Bar ond the American Bar Associations. He is married to the former Susonne Sanders of Melrose, Mass., and they have three children. ETHYL REPORTER: What led you to become a lawyer? MR. WARNE: Well, like so many things in life it was largely an accident. I got out of college in the middle of the 30s and jobs were hard to get. I went to work as a clerk for the Texas Company -- now Texaco. Shortly thereafter, I decided I would study a little law, so I went to NYU Law School at night. I did well and subsequently was invited to take a job with a large Wall Street law firm, Donovan and Leisure. I worked with them for awhile and really became interested in going into law -- having by then studied a little law and worked for a law firm. On the advice of George Leisure, the firm's senior partner, I quit both work and night school and went to Harvard Law School. I graduated in 1941 and took a job with another downtown New York law firm, Cahill, Gordon, Reindel & Ohl. I left after a year, and joined the Navy. I spent four years in the Navy and then went back to my old job at the law firm. ETHYL REPORTER: Did you have a parti cular fascination for corporate law? MR. WARNE: Yes. Both in my law school training and in my subsequent practice, I concentrated on corporate problems -- not solely corporate law but the problems of corporations. This included litigation and anti-trust work. I had a rather firm back ground in anti-trust law. Cahill & Gordon was known then as one of the primary defense firms in anti-trust actions. ETHYL REPORTER: When did you first become acquainted with Ethyl? MR. WARNE: Since Cahill, Gordon handled Ethyl's legal work, I did a fair amount of work for Ethyl during my years with that firm. When the position of general counsel became available, Ethyl invited me to con sider it and I did. ETHYL REPORTER: What are some of the main differences between the law department in the late 40s and the law department today? MR. WARNE: Well, the department has the responsibility for all the legal problems of Ethyl. Needless to say, the corporation has gotten larger and its operations much more diverse. Consequently, the problems have gotten more manifold and more diverse. There was a time when I first was with Ethyl that I knew every product the Company made. I knew to whom it was sold, at what price, where the product was made, by what process, what raw materials were used, and where we got the raw materials. I knew all aspects of the Company's business. I can't know that anymore because we make many, many more products, of which I am aware, but the details of the chemistry, the procure ment, etc., I have not time to follow. Of course, with the great diversification following the acquisition by Albemarle in 1962, we have many more things to do. We have all the corporate problems of a publiclyowned company, which we did not have before. We have product liability problems, because we now sell products which find their way into the hands of the consumers. We have all of the problems arising out of the new federal agencies -- EPA, OSHA, and all the rest, which have multiplied during the last 10 years. I have always taken pleasure and pride in practicing law on the working level -- that is being personally involved in the negotiating and drafting of contracts and directly in- Frederick P. Warne volved in litigations. Increasingly, I've had to spend time with my administrative work -- the hiring, training and supervision of new lawyers and retaining of and liaison with outside law firms. ETHYL REPORTER: What is the make-up and specialties of your department? MR. WARNE: Well, there are six lawyers in the law department today, two in Richmond -- Whitey Elmore and me -- and four in Baton Rouge -- Chuck Crowell, Jim Jensen, Paul O'Bryan and Ed Panichas. In terms of the Company's overall legal matters, two specialties do not belong to me. Taxes are not under my jurisdiction nor are patents. The one lawyer who does specialize is Ed Panichas. He specializes in labor-related matters, while the other lawyers on my staff are generalists. In addition, there are 30 or 40 law firms working for us at any given time. Of course, many of these law firms are handling one particular piece of litigation, which has arisen in some remote part of the country. The number of law firms in which we have continuing substantial relationships is much smaller, probably six or eight. The principal firm is Hunton & Williams in Richmond, the starting point on matters in which we need outside help. We always have the need of outside assistance for many reasons. One is some specialty in the law which we have not had the opportunity to become fully acquainted with. An outside law firm will often have 100 lawyers or more, one or more who will have a specialty we need. Also, we often need just plain manpower. ETHYL REPORTER: Is there any unusual case that stands out in your mind? MR. WARNE: Well, one would always have to mention the tax case because over the years it got to be of such magnitude in terms of the amount of dollars that the IRS was seeking from Ethyl. It also had a great many in teresting issues arising out of the allocation of the purchase price of Ethyl. One would also have to mention the iigitation in Arkansas involving our brine field and the Cope Allman patent litigation. ETHYL REPORTER: I know another part of your job is secretary for the Corporation. Can you just relate what that generally involves? MR. WARNE: Well, the secretary's office keeps the minutes of Ethyl's Shareholders' and Directors meeting and the meetings of its many, many subsidiaries. The secretary's office also has a basic responsibility for outside communication with shareholders, and in addition, it has the responsibility for retaining the important corporate documents, the original copies of contracts, deeds, and other important papers. ETHYL REPORTER: What stands out in your mind about Ethyl in your career? MR. WARNE: I'd have to say the most dramatic thing that has happened is the change of ownership in 1962. This completely transformed the Company from a quiet little joint venture of two giant companies into a young, dynamic, growth-oriented company involved in chemicals and other products. Although that occured in 1962 it really has dominated the life of the Company ever since. ETHYL REPORTER: Have you seen the practice of law becoming more complex? MR. WARNE: Well it's much more complex especially for a major corporation. We still have all the problems we had 20 and 30 years ago -- the problems with contracts, property rights and Federal regulations. I would say most of my time is spent now on problems that didn't exist ten years ago. I think this is the reason why there has been a great growth in corporate law departments. Most problems of this nature are best handled by lawyers employed by the corporation rather than by outsiders because they have a better oppor tunity to become acquainted on a day-to-day basis with the corporate problems. ETHYL REPORTER: What are some of your outside activities? MR. WARNE: Well, sailing has been my main avocation over the years. It's a sport that can really take all of the money and time you have to spare. I maintain a boat at the Chesapeake Bay. Through the years, I have participated in all aspects of sailing. I have raced a lot, I've cruised a lot and I've just plain bummed around with sailboats a lot. EPORTER AUGUST-SEPTEMBER 19 78 PAGE SEVE' ETC 17306 Once and jfhis fall Campaign more jlants an. In Ba fts of 5 -ith 73 Rouge T lechnica >er-capit Queen Elizabeth Visits Bracknell... [he emp Com pan aising t The morning of juiy 14 was bright and clear in Bracknell, Berkshire, England, home of Edwin Cooper and Company Limited's offices and research laboratories. Excitement grew as Edwin Cooper ,,early $ employees fined the road in front of the laboratories or stood at their office windows. All awaited the arrival of Her Majesty Queen Elizabeth II, whose royal procession passed in front of the Edwin Cooper facilities. The Queen was en route to Bracknell College, where she opened on exhibition of the Royal Meteorological Society. The Queen rode in a green Rolls Royce, a Silver jubiiei Empl gift last year from the Motor Manufacturers Association. tion, over th .. .And Ethyl Employees Visit White House |S27,72( Hook p: lof som Two Baton Rouge Plant employees spent a jt>y neai day at the White House June 18 and helped cook dinner for President Carter. James C. Walker and James R. Brown were part of the 19-member Gonzales (La.) Jambalaya Festival Association. The association was invited by the White House to cook jambalaya for about 800 per sons at the first White House Jazz Festival. The Louisiana dish was simmered in large black iron kettles over oak fires on the South Lawn of the White House. The event marked the 25th anniversary of 330 South Fourth Street P.O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED In ( raised quarter produc capita Richrr At ; than ? an av- $12,6 Em pany the Newport Jazz Festival. The Carter family, SI 2,0 Washington socialites, jazz greats, composers per-c; and critics gathered for music and food. Mr. Co Walker and Mr. Brown helped peel and chop the H I IMCO Employee ' Guestof Carters Ann Cooling, an employee in customer services at IMCO Container, Kansas City, Mo., and her husband were guests of President and Mrs. Jimmy Carter at the White House September 13. Entertainment for the South Lawn dinner was by country star Willie Nelson. Lunch the following day found the Coolings seated next to Walter Cronkite in the White House Mess. James C. Walker (left) and James R. Brown (right) flank President Jimmy Carter. 100 pounds of onions and stir these with savory combinations of rice, pork sausage and chicken. Jambalaya takes its name from the French "jambon," for ham, small pieces of which were added to savory rice by Creole cooks in the 1700s. The group had a White House tour in cluding a visit to the Oval Office. Mr. Walker, supervisor--maintenance and construction administration, is a member of the association's executive board. Mr. Brown, who was vice president of the group at the time, is in hydrocarbon maintenance. per-c. empl sales Wr raise> amoi ALoui S7,2 emp half A son-. 57 : was ETHYL REPORTER ETC 17307 c> btp' Vol. 16 ^October-Nowmber 1978 7v*;No. 5 1978 Results Jnited Way Donations Achieve New Records Once again, Ethyl employees throughout the ..S. and in Canada made record donations nis fall to local United Way/United Givers ampaigns. The Company sponsors such drives i more than 20 communities where it has lants and offices. In Baton Rouge, Plant employees made lifts of $114,322, for a per-capita gift of $67 .ith 73 percent participation. At the Baton louge Tower, One American Place and Ethyl fechnical Center, gifts totaled $43,200. The er-capita amount was $72, and 79 percent of tie employees took part. In addition, the lompany made a corporate gift of $52,000, tising the Ethyl total in Baton Rouge to dwin coopriear|y $210,000, an all-time record. n front of the '_ ,,, _ silver/ubiia Employees at Capitol Products Corpora- ion, Mechanicsburg, Pa., increased their gifts ver the previous year by pledging a total of :27,720. Fifty percent of Capitol's personnel ook part in the drive, with a per-capita gift Mock explosion in CBN-A DMA plant area at the Magnolia plant. "Victims" are members of Paramedical Explorer Scout Post f some $49. The plant's goal was exceeded y nearly $8,000. No. I (sponsored by Magnolia Hospitol). Emergency medicoi technician (EMT) Bob Alford kneels to aid victim, white Ernie Emerson rushes in with stretcher. Magnolia Plant Holds Mock DisasterIn Richmond, more than $22,300 was tised from employees at corporate BhyeaPde- ggy Bailey fuarters and at the nearby VisQueen film iroducts plant at Sandston, Va. With a per- Editor's Note: The following article was Butch Barrett, director of environmental safety and health at the Magnolia plant, and Dan Doughty, leader of Paramedical Explorer :apita gift of nearly $87, some 78 percent of written by Peggy Bailey, secretary to Herbert Scout Post No. 1 in. Magnolia, spent untold lichmond-area employees participated. W. Henry, Magnolia plant manager and Frank hours prior to the 9:15 a.m. "explosion" on At the Detroit Research Laboratories, more W. Bray, manager of field operations. Mrs. October 5 planning every little detail. :han 90 percent of employees took part, with Bailey is a former editor of the local news Doughty's scouts initiated this mock disaster :n average gift of some $61 and a total of paper in Magnolia. exercise a few years ago to help the Magnolia ;12,639 raised. Hospital, their sponsor, attain accreditation, Employees at the William L. Bonnell Com- It was a dreary, grey day that Thursday and the mock exercise has continued each rany in Newnan, Ga., contributed a total of morning, and a soft rain was falling at Ethyl's year. In so doing, they not only help maintain 112,034 with 71 percent participation. The Magnolia plant. Suddenly a loud rumbling accreditation for the hospital but also test the ter-capita donation was nearly $14. readiness of the various emergency services in Combined totals from Ethyl employees in he Houston area amounted to $11,550, or a Related Photos, Pages Four and Five the community of 13,000. It was all a well kept secret. The industrial >er-capita gift of $37. Sixty percent of the noise was heard, followed by a violent boom "disaster" was the first such exercise to take imployees at the Pasadena plant and the PCD as an explosion ripped through a process area. place inside an Ethyl site and maximum ales office in Houston participated. Workmen whirled in time to see limp bodies effort went into assuring the element of Workers at Ethyl's Orangeburg, S.C., plant hurling through the air, landing with a thud surprise. aised $10,226, with an average gift of $32 on concrete and sharp rock paving. The less George Wheatley, director of Columbia imong the 65 percent taking part. fortunate were slammed into a hot process County Emergency Services, was brought into At Edwin Cooper, Inc., employees in St. line amid a maze of piping. When the smoke the planning stages. Local emergency units -ouis, Mo., and nearby Sauget, III., gave cleared, 43 broken and bleeding bodies lay were advised that a mock disaster would take >7,267. Forty percent of the St. Louis office crumbled throughout the plant area. place, but they were not told where or when. ;mployees took part in the drive, while nearly It was all make-believe -- a simulated dis The day prior to the event, Mr. Barrett an ulf the Sauget plant employees made gifts. aster -- designed to test the readiness of all nounced the plans to the plant management At the IMCO Container facility in Jeffer- available emergency rescue personnel and team, cautioning them not to leak the plan to ionville, Ind., a total of $4,144 was raised by agencies in the Magnolia area. (Continued on Page Four) 57 percent of the employees. The average gift eporter ^77. (Continued on Page Eight) ETC 17308 newscope Vol. 16 October November 1978 No. 5 Published bi-monthly for approximately 17,000 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications Depart ment, 330 South Fourth Street, P. O. Box 2189, Richmond, Virginia 23217, Edited by ROB BUFORD and RAY KOZAKEWICZ ETHYL CORPORATION F. D. GOTTWALD, jR. Chairman of the Board BRUCE C. GOTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK |. McNALLY Vice President and Treasurer STRESSING SAFETY Considerable space is devoted in this issue of ETHYL REPORTER to the recently completed mock disaster and safety drill at the Company's Magnolia, Ark., plant. The event was carefully planned and kept tightly secret in order to assure a successful drill. Much praise is deserved by all those who took part and performed their tasks in a calm and steady manner. The Magnolia experience underscores the importance of an effective safety program at any manufacturing facility. Of course, the cornerstone of a successful safety program is the individual worker and his or her attitude toward main taining safe personal work habits. "Disasters" such as the re cent occurrence at Magnolia are thankfully rare. But the po tential for work-related injuries provides good cause for alert ness and care on the job. RECORD DONATIONS Once again, Ethyl employees in the U.S. and Canada have made record donations to local United Way/United Givers campaigns. It is of special note that record amounts were raised de spite the high inflation rate. These funds benefit millions in numerous health and social programs. A special thanks should also go to the campaign workers who contributed to the success. HOLIDAY SEASON As 1978 draws to a close, the Holiday Season and holiday spirit is present throughout the world. It is a time of tradi tional family gatherings. It is also a time of recollection and projections. It is fitting that once a year we pause and reflect on both the past and future. Mary Elizabeth Pav, International Group, Baton Rouge Tower, has been elected president of the International As sociation of Desk and Derrick Clubs. She previously served on the board and had been treasurer and first vice president of the national group. Also, Mary Alice Gooch, purchasing and traffic, Baton Rouge Tower, has been appointed cor responding secretary. |n the dispenser products division of the Plastics Group, James R. Kopnisky has been appointed marketing and tech nical manager; Frank P. Dawes has been named manufac turing manager, both based in Baton Rouge; and Kevin W. Edwards has been promoted to plant manager at the Bridge port, Conn., plant. H. Richard Miller, North American sales manager for Ed win Cooper, Inc., St. Louis, Mo., served as 1978 chairman of the National Petroleum Refining Association's Fuels and Lubricants Program Committee. During the recent meetings, Joseph J. Heithaus, senior research supervisor and Chris S. Harstick, manager of crankcase lubricant development, both of Edwin Cooper, Inc., and James B. Retzloff of Ethyl s Detroit Laboratories, presented a technical paper entitled "Energy Conservation Through Automotive Lubricants." ?ong rapfrs. China'; trtside jresidi rtny, . Limits |n the IMCO container products division, Plastics Group, Robert Goff has been promoted to general manager - Flex Products, Carlstadt, N.J.; Craig Nelson has been named plant manager at Rockaway, N.J.; Larry Hunter has been promoted No Wc to manager of purchasing for the division, based in Kansas City, Mo.; and John Terpstra has been promoted to super visor of the shipping department at the Belvidere, N.J., plant. Robert B. Agee, Sr., Research and Development, has been promoted to assistant director - engineering services at the Orangeburg, S.C., plant. He most recently had been super visor -- process development, Baton Rouge. D renc corr con edit pha Cor 1 E leanor Thomas, wife of Wilford H. Thomas, chemical research, R&D, Baton Rouge, has been chosen outstanding high school chemistry teacher in the southwestern United States by the American Chemical Society. The Baton Rouge col* Hsi gra tio High Magnet School teacher received a $250 award at a recent ACS meeting. sen am Kelli Gwinner, daughter of Daniel Gwinner, plant engineer an at the VisQueen film products division plant, Sandston, Va., and Patty Gwinner, registered nurse for the Richmond and Sandston facilities, was a member of the Midlothian High ti t IV School's Group AAA state champion girls' tennis team. The 15-year-old sophomore did not lose a match all year. L 4 otis White, finance, Baton Rouge Plant, has been ap pointed chief of the Zachary, La., Volunteer Fire Depart ment. Robert Schmidt, manager -- employee relations at the Baton Rouge Plant, has been elected to the board of directors of the Baton Rouge Chamber of Commerce. to an Pt le C( Vs Vt T |n the Plastics Group's molded products division, Art L. tl Zepf, Jr., has joined the Company as marketing manager- closure products, Baton Rouge Tower, and Lloyd Johannes- sen, formerly of IMCO, has been named manager -- facilities engineering, also at the Tower. + c t E arl J. Holberg has been promoted to manager - distribu tion, international petroleum chemicals division, Ethyl F International Group, Baton Rouge Tower. Also in the divi sion, Jerome H. Layne has joined Ethyl as director - manu facturing coordination and David L. Shiroda has been ap pointed manager -- marketing analysis and plans. ETC 17309 tTHiL REPORTER 3rd Quarter, 9-Month Results Sales, Net Income Establish Records iton Rouge lational Asusly served :e president purchasing ointed cor- tics Group, g and techi manufacJ Kevin W. the Bridge- 'er for Ed- i chairman Fuels and meetings, d Chris S. ong Kingman, the noted American artist (right), autonphs a lithograph of an original watercoior interpretation of nent, both hina's contributions to pharmacy for Bruce C. Gottwald, of Ethyl's resident of Ethyl Corporation (left) and Charles Minarik, vice :r entitled 'tsident of sales and marketing for iMCO Container Comsny, a subsidiary of Ethyl. The lithograph is port of IMCO's cants." jmited Edition Collection covering the history of pharmacy. cs Group, 'er -- Flex Moted Artist Paints Original med plant promoted Work For Ethyl and IMCO in Kansas to superere, N.J., Dong Kingman, the noted American artist enowned for his watercoior illustrations, has :ompleted an original interpretation of China's has been tontributions to pharmacy as part of a limited ces at the edition collection covering the history of en super pharmacy being developed by IMCO Container Company, a subsidiary of Ethyl. The inspirations for Mr. Kingman's water- chemical :olor are the patron gods of Shen Nung, Fu .tstanding Hsi and Huang Ti, who along with the tri-n United grams are present on the altar of the tradi tn Rouge tional Chinese druggist guilds. vard at a A lithograph of his work was recently pa tented to Ethyl president Bruce C. Gottwald and Charles Minarik, vice president of sales engineer tnd marketing for IMCO. ton, Va., In addition, the Lithograph also is being tond and utilized in a sales promotion program by -.ian High IMCO In the United States and Canada. earn. The Mr. Minarik noted: "It is widely recognized today that in many areas Chinese medical ind pharmaceutical knowledge predated Euro been ap Departrelations board of e. pean discoveries by centuries. According to legend, the rich history of Chinese pharma cology began with the Emperor Shen Nung, who lived around 2700 B.C. He is credited with preparing the first Great Herbal or Pen Ts'ao, which was apparently written around i. Art L. the first century before Christ and catalogued inager -- some 350 drugs." ohannes- Mr. Kingman, who now lives in New York, facilities is represented in the permanent collections of numerous museums and galleries, including the Metropolitan Museum of Art, the Whitney distribu- Museum, the Museum of Modern Art, the 1, Ethyl Boston Museum of Fine Arts and The Chicago the divi- Institute of Art. His credits include Time - manu- magazine covers and title paintings for such been ap- films as The World of Susie Wong, Flower Drum Song, Sand Pebbles and Fifty-five Days at Peking. PORTER JCTOBER \OVEM8ER 1978 Ethyl reported October 19 that sales, net income and fully diluted earnings per share for the third quarter and first nine months of 1978 were record levels. Sales for the third quarter of 1978 were $359,519,000, up 7% from $335,045,000 for the same period a year ago. Sales for the first nine months of 1978 totaled $1,043,232,000, an increase of 8% over $963,883,000 for the first nine months of 1977. Net income for the third quarter of 1978 was $23,212,000, or $1.14 a share, compared with $20,930,000, or $1.01 a share, on a fully diluted basis, for the same period a year ago. Net income for the first nine months of 1978 was $62,232,000, or $3.03 a share, compared with $60,385,000, or $2.89 a share, on a fully diluted basis, for the first nine months of 1977. Net income for the third quarter rose 11% while fully diluted earnings per share were up 13% Net income for the first nine months increased 3% while fully diluted pershare earnings were up 5% over the same period a year ago. Per-share earnings are based on the assumption of full conversion of Ethyl's $2.40 Second Preferred Stock. Earnings per share for 1977's third quarter and first nine months have been restated to reflect a 2 for 1 split of the company's common stock on December 31, 1977. Net income and earnings per share for the first nine months of 1978 reflected a secondquarter adverse effect of $3.5 million, or 18 cents a share on a fully diluted basis, for addi tional taxes and interest involved in the settle ment of a long-standing dispute with the In ternal Revenue Service relating primarily to the allocation of the price paid for the assets of Ethyl Corporation (Delaware) on Novem ber 30, 1962. The per-share earnings on a primary basis (before dilution from assumed conversion of the remaining $2.40 Second Preferred Stock) were $1.19 for the third quarter of 1978 com pared with $1.17 for the third quarter of 1977. For the first nine months of 1978 pri mary earnings per share were $3.20 versus $3.34 for the same period of 1977. Compu tation of primary earnings per share reflects the continuing conversion of the company's Second Preferred Stock. Lower Lead Shipments Third-quarter sales of petroleum chemicals declined slightly because of lower lead anti knock shipments compared with the same period a year ago. Industrial chemicals sales increased because of higher domestic ship ments and the inclusion of sales of Hardwicke Chemical Company, acquired June 30. Plastics sales in the third quarter mainly reflected higher shipments. Aluminum sales were down despite higher prices primarily because of a one-month strike at Capitol Products' plants in Pennsylvania. Elk Horn Coal's revenues increased as a result of higher royalty rates. Board Chairman F. D. Gottwald, Jr., said: "A decline in shipments of lead antiknock compounds in both the third quarter and in the first nine months was more than offset by improvements in most of our other opera tions. Therefore, we continue to be confident that 1978 will be another strong year for Ethyl." Hesselberg Receives Missouri Honor Award Howard E. Hesselberg, vice president -- air conservation, Detroit, has received the Mis souri Honor Award for Distinguished Service in Engineering from the University of Missouri, Columbia, Mo. The award cited Mr. Hesselberg in "recog nition of his distinguished career in research, product development, and application. . . his thirty years of research in the field of enginefuel-lubicant relationships and the factors af fecting the contribution of the internal com bustion engine to air pollution problems." Mr. Hesselberg, a 1940 graduate of the school, was also hon ored for his role in developing the gasoline antiknock, MMT, and for representing the Company as an expert witness at governmen tal hearings of all levels and his devotion to corporate research and development. He joined Ethyl's Detroit Research Labora tories as an engineer-in-training after receiving a B.S. degree in mechanical engineering. After service in World War II, Mr. Hesselberg re turned to Ethyl as a project engineer reponsible for all test work for research in fuel and antiknock properties in internal combustion engines. Mr. Hesselberg held positions of in creasing responsibility, including associate di rector -- product application and associate director -- research and development. He was promoted to director -- air conservation and elected a corporate vice president in 1971. Dividend Increased The Board of Directors November 22 voted to increase the regular quarterly dividend on the Company's common stock for the second time this year, mark ing the eighth such increase in the last 3% years. The increase from 27% cents a share to 30 cents a share results in an annual increase of 10 cents a share or a new annual rate of $1.20. The dividend on the common stock previously was in creased on July 1 from 25 cents to 27% cents a share. Such dividends are payable January 1 to shareholders of record December 15. ETC 17310 PAGE THREE Mixture of Preparation and Surprise (Continued from Page One) any of Ethyl's 23 emergency medical techni cians (EMTs) or other employees. Mr. Barrett was particularly interested in testing the re sponse of the EMTs, who were certified by the State Department of Health two years ago and had had very little opportunity to practice their medical skills. Mr. Doughty and his scouts, Mr. Barrett, Mr. Wheatley, and Jim Smalley and Jerry Simmons, both EMT instructors from the Arkansas Emergency Medical Technician Academy in Camden, gathered at the Ethyl clubhouse early Thursday morning. Well experienced in the art of casualty simulation. the scouts busily set about creating their artificial injuries through the use of theatrical makeup, soft rubber masks, body attachments, and a host of other materials. Simulated in juries ranged from shock to fractures to burns to protruding intestines. This ghastly looking group was then sneaked into the plant through a back entrance, and the "show was on the road." Within seconds of the first alarm, EMTs from all over the plant rushed in to administer emergency treatment. The Magnolia plant's ambulance, along with Gresham's Ambulance Service of Magnolia, were pushed into service and escorted the eight miles to the hospital by local sheriff's deputies and city police. The Magnolia Fire Department also responded to the disaster call. From the first alarm to the final emergency room treatment at the hospital, the entire operation took 40 minutes, "about the time it should have taken to insure quick treatment of victims," according to a hospital spokesman. State EMT Instructors Smalley and Sim mons commended the EMTs for their response. One comment was, "the first aid and treating of individual wounds was outstanding; some thing the plant can be proud of." Plant Manager Herb Henry summed it up by saying, "The time and effort in training the EMTs has paid off; we are very proud of them." (Above) Ethyl personnel rush In for emergency treatment. EMT Ernie Emerson is at right. (Left) EM T Jim Miller checks pulse rate of victim. (Right) EMTs Jerry Chisholm (left) and Dwoine Irby give emergency treatment to bum victim. (Below) EMTs Bob Alford (from left), Jerry Chisholm and Tommy Preston prepare victim for ambulance transport to hospital. m i PAGE FOl R ETC 17311 fWtt REPORTS ise ake Magnolia Safety Drill a Success apartment mergency the entire :he time it atmentof kesman. and Sim- response. d treating ng; some- cl it up by lining the of them." Chishoimjcenter) and Kenneth Dixon transport victim to hospital emergency r Magnolia Hospital nursing director checks ID cord os EMTs ferry EPORTER OCTOBER - NOVEMBER 1978 ETC 17312 PACE FI l Safety Clinics Held What began as a Plant safety program has become a community fire prevention service in Baton Rouge for Barney McAdams and Jim Whitaker, two Plant employees in tetraethylead maintenance. The pair with the assistance of Plant crafts men built a mobile kitchen -- a renovated Ethyl trailer with a kitchen range top and cabinets cut away to reveal what happens in kitchen grease fires and how to extinguish them. Initially, the men presented demonstra tions on the Plan to employees on the right and wrong ways to control kitchen fires. However, they are now presenting demonstra tions to private citizens at local shopping cen ters and other local areas. The pair hope to give their 15-minute demonstration to school groups soon. Mr. McAdams is industrial chairman on the Baton Rouge Fire Prevention Committee and Mr. Whitaker is the Ethyl representative on the Industrial Committee. Barney McAdams (left) ond Jim Whitaker demonstrate control of kitchen fires in converted Ethyl trailer. They hove put on the * demonstration many times on and off the Baton Rouge Plant. Virginia Patterson ond her daughter, Sheila, receive Life Saver Awards by the Safety Council of Greater Baton Rouge at ceremonies recently. Making the presentation was Stanley D'Armond (left), president of the council and also superin tendent of safety at the Baton Rouge Riant. (Right) Baton Rouge Mayor President Woodrow Dumas also took port in the ceremony. Life Saver Awards Given to Two in B.R. A Baton Rouge Plant employee and her daughter have been honored for their efforts in saving a 62-year-old man from drowning last summer. Mrs. Virginia Patterson of PVC operations and her 15-year-old daughter, Sheila, received Life Saver Awards from the Safety Council of Greater Baton Rouge during ceremonies in November. Prompt Action They were honored for their prompt action in saving the man who had suffered an attack while swimming in a pool at the apartment complex where the Patterson's live. Sheila and several others pulled the man from the pool and her mother administered first aid. Using knowledge that she gained in training at the Plant, Mrs. Patterson revived the man and continued to apply first aid until professional first aid crews arrived. Analysts Hear Ethyl Speakers Representativesof Ethyl were among those making presentations at an investment seminar on specialized chemical companies in late October sponsored by Ingalls & Snyder, in vestment bankers, New York City. Ethyl's presentation was led off with an introduction by Board Chairman F. D. Gottwald, Jr., who provided background in formation on the Company's recent perfor mance and diversification efforts. "Most people don't realize it," Mr. Gottwald said, "but as of the end of 1978 we will have gone through some 50 percent of the lead phasedown ... a rather notable mark in that we have been able to maintain our earnings growth in spite of the drop-off (in anti knocks)." Mr. Gottwald added that Ethyl has "a good backlog of research projects in chemicals, and we expect our earnings growth in this area to take the place of the decline in lead anti knocks." He then introduced the two other Ethyl speakers -- Roger A. Moser, vice president -- industrial chemicals, and Ray Wilkins, execu tive vice president of the Edwin Cooper divi sion. Each outlined progress and developing activities in his respective area. Buckingham Named Dr. Frank M. Buckingham has joined Ethyl r as associate medical director at the Baton Rouge Plant. A native of Philadelphia, Dr. Buckingham has had numerous U.S. Army medical depart ment assignments in 0 the U.S. and overseas. 1 His last assignment be i fore joining Ethyl was director of medical i staff, Irwin Army Hos t pital, Fort Riley, Kan sas, where he held the t rank of colonel. t He received his B.A. r degree from the Uni Dr. Frank M. Buckingham versity of Nebraska in f 1959 and Doctor of Medicine degree from the George Washington University School of Medi cine, Washington, D.C., in 1963. Memberships Dr. Buckingham is Board Certified by the American Board of Surgery. He is a fellow of the American College of Surgeons and a mem ber of the Silver Caduceus Society of Frank furt, West Germany; Taunus Medical Society, Frankfurt and the Association of Military Sur geons of the United States. Hancock Writes Volume on World Herons James A. Hancock, president of Ethyl's Edwin Cooper Division, and a distinguished ornithologist, has co-authored an authori tative and colorful nature book entitled The Herons of the World." The 304-page book is published in Great Britain and has been called "the most wideranging study of the heron family yet pub lished." Mr. Hancock is a former Council member of the Royal Society for the Protection of Birds and an adviser on conservation to several international bodies. He is headquartered in Bracknell, Berkshire, England. PAGE SIX ETC 17313 ETH'rL REPORTER 'oyd B. Andrew, }r. Financial Relations Job Has Grown With Ethyl *on' Note: Following is another in a series of interviews - Ethyl employees. Lloyd B. Andrew, fr., has been a vice iident of Ethyl since 1974. He ioined the Company in at Baton Rouge and served in various engineering capats until J9S6. when he became a member of the Company's nornic evaluation staff. He directed the activities of this yp from 1958 until he was promoted to generai manager ,'sQueen Film Products Division of Ethy/ `s Plastics Group, was named director - financial relations in 1969. He tntains his office in Richmond. A native of foi/et. Hi. Mr. Andrew received o B.S. degree mechanicol engineering from Purdue University and a 5. degree in the same field from Louisiana State University. \tr. Andrew is married to the former Frances Burdett of tkson. Miss., and they have three children. THYL REPORTER: What were the cir- jmstances of your joining Ethyl? 1R. ANDREW: I came to Ethyl from Phillips ttroleum Company in .1951. I had been orking for Phillips in West Texas, where there e put on ttie 35 nothing but wind, dust and carbon black. started looking for another job and had an iterview at the Esso refinery in Baton Rouge, knew little about Ethyl except that we used ied me of their engine antiknocks. I had an fternoon free in Baton Rouge. I picked up the bone and got an interview through Ethyl's ted Ethyi trsonnel department and talked to the main- he Baton tnance people, because I was a mechanical ngineer. They sent me over to talk to the en- ckingham ineering people, who made me a good offer, aI depart- liked the atmosphere at Ethyl. I started nents in xit working as a speculative estimator. Over overseas. ; period of time, I was made the supervisor of ment be- bat group. Ithyl was HTHYL REPORTER: What were some of the medical irst economic evaluation activities you worked rmy Hos- in? iey, Kan- MR. ANDREW: We worked on every capital held the rxpenditure made by the Company. Some of T. he more interesting things had to do with his B.A. aroduction scheduling. Production was im- the Uni- [acted tremendously by the introduction of iraska in t engines and smaller cars in the late 1950s. from the As a result the forecast for lead antiknocks of Medi- *as dramatically lower. We did definitive and m many cases, secretive studies. ETHYL REPORTER: Were you, like others, J by the frustrated under the Jersey-GM ownership in ellow of attempting to develop projects with potential? a mem- HR. ANDREW: There was a parade of new f Frank- ideas for which GM and Jersey would tolerate Society, the research expenditures being made. But, ary Sur- when it came time to commercialize, they would say we couldn't do it. Commercial ----------- development was loaded with more good ideas than Jersey and GM could ever cope with. rOllS ETHYL REPORTER: Did the nature of your Ethyl's guished authoried "The n Great wide- et pub- nember tion of several ered in work change dramatically when you moved over to VisQueen? AIR. ANDREW: Oh, yes. I went from a staff group position with 10 or 12 people to super vise to a general manager's position with several hundred people and multiple plant locadons along with marketing, technical and the whole works. At first, it was frustrating, but in hindsight it wasn't bad. The VisQueen people knew they had to be acquired by someone, because the government required that Union Carbide sell them. The deal settled that anxiety, and they were eager, willing and cooperative. ETHYL REPORTER: Your move to Rich mond was to a newly created position. How was the financial relations function handled before 1969, when you moved here? MR. ANDREW: Larry Blanchard personally had that responsibility. The function then was talking to financial analysts and institutional people as they requested. Larry would go to New York now and then, and he was available to talk to people. From 1967 until 1969, the stock market was absolutely wild, everything was onward and upward. The attention Ethyl was getting as a stock investment was multi plying accordingly. It got to be too big a task for Larry along with the multitude of other things he had to do. ETHYL REPORTER: What is a security analyst in terms of his function? MR. ANDREW: He is supposed to do enough study on a company or stock to put it in its industry perspective and render an opin ion and judgment on whether or not that stock is going to perform better or worse than the average or alternative investments. Analysts come up with pretty good earnings per share estimates. But the hardest thing to Lloyd B. Andrew, Jr. judge is whether or not a company is going to perform better or worse than the average so that they can recommend it to the money manager who makes the investment decision. In fact, most money managers are former analysts. ETHYL REPORTER: Are analysts more or less influential in what they do today than they were five or ten years ago? MR. ANDREW: I don't think there is a lot of difference. The only real change today is that there are fewer analysts in the business, because negotiated commissions reduced brokerage firm earnings and they just can't afford as many as they had. As a consequence, they aren't doing as many definitive studies. The quality of the work has suffered. Where they might have covered 20 companies before, on a real follow-up basis, they're pro bably doing two or three times that amount today. ETHYL REPORTER: How did Ethyl's analysts meetings evolve? MR. ANDREW: Dow Chemical did as much as anyone else in getting analysts out of their offices and into a plant with management and telling them what they were going to do, how well they were doing and giving them a feel for Dow's capabilities. Until Ethyl's 1976 meeting, only a selected few had been able to visit Ethyl's facilities. The Houston meet ing, from the stock price standpoint, was an overwhelming success, but we were really lucky. The timing was just right. The chemical industry in general was just catching on as being undervalued by Wall Street. But, the biggest part of that success was the financial analysts' finally understanding the depth of Ethyl's products, people and capabilities. They were impressed that we were not holding back, but were straightforward and above board. ETHYL REPORTER: How do you view the financial relations function in the next five years? MR. ANDREW: There is a change underway because of the lack of analyst coverage. For example, we went to Boston some months ago. When the analyst knew we were coming, he said, "I'm going to get the guys who are holding the stock, or who might have an in terest in Ethyl." We had six money managers in addition to the analyst there. They had prepared in advance, and they really had some good questions. That's what we're going to have to do. We're going to have to bridge that gap to get directly to the people that are making the investment decisions. That means providing more data like "Business Profile." It means more visits. Instead of the Wall Street people picking up the phone, we pick up the phone and say we are going to be in a given area. I think we've got a good start. Ethyl has a good story with a great record and a fantastic future. ETHYL REPORTER: How did your role in acquisition studies come about? MR. ANDREW: The financial relations job was not a 100-percent time consuming job. So Larry gave me various things to do on ac quisitions. I made a number of calculations, and we studied a number of companies that might be compatible with Ethyl. Today acqui sition studies take more time than financial relations. ETHYL REPORTER: What kinds of acqui sitions do you foresee for the next five years? MR. ANDREW: Ethyl's management at all levels is acquisition-minded. There's no doubt the specialty chemical area is where we would like to make acquisitions. At the same time, they're probably the hardest to make, because that's what everyone else wants too. 1 think we'll have more of the Hardwicke Chemical variety. Such private companies in the special ty area, while not necessarily big, show pro mise for growth. When you look at the big ones, they are more difficult to do. Hardwicke fits very well, but it would not surprise me in the next five years to see Ethyl making acqui sitions in entirely new areas. ETHYL REPORTER: Away from the office, what are your interests? MR. ANDREW: Woodworking. I rebuild and make furniture. I really like to work on the house and automobiles. innTOt OCT08ER S0VEU8ER 1973 ETC 17314 PAGE SEVEN L First Richmond Marathon Includes Ethyl Participants (Above) Some 2,700 runners entered Richmond's first Marothon on Sunday, October 9, including seven Ethyl employees. Completing IS miles were: Board Chairman F. D. Gottw&g, )r., Richard Harding, employee relations, and Calvin Moore, corporate planning. The five-mile finishers were: Patty Gwinner, nurse in the Richmond office: Dan Gwinner, plant engineer at the VisQueen film products plant in Sandston; Joyce Heflin, tax department, and Robin Kemp, advertising and soles promotion. In addition, several sons of Ethyl em ployees took part. They were: Dr. William Gottwa/d, son of F. D. Gottwold, Jr., and James, Frank, Matthew and Peter McNally, sons of Frank J. McNally, vice president and trea surer. Several weeks later, two employees from the Detroit Research Laboratories completed a 26.2-mi/e marathon in Detroit. Both Chuck Frame and Chuck Kolich completed in the 30-39 age class. (Left) Ethyl runners, relatives and friends in the Richmond Marathon were: (front row/left to right) Robin Kemp, Potty Gwinner and Joyce Heflin; (second row/left to right) F. D. Gottwold, Jr., Peter McNally, Dr. William Gattwafd, Frank McNally, Calvin Moore, Matthew McNally, Don Gwirtntr, Rick Sands and James McNally. Appointments Are Announced for Whittaker and Lee in Elk Horn Coal Robert L. Whittaker has been named vice president -- sales of The Elk Horn Coal Cor poration, a 96-percent owned subsidiary of Ethyl Corporation. Mr. Whittaker, a native of Greenville, S.C., joined Elk Horn after serving as president of Whittaker Coal Com pany of Cincinnati, Ohio. From 1963 until joining Whittaker Coal in 1966, he was as sociated with the Cen tral Trust Company Bank of Cincinnati. Robert L. Whittaker A graduate of the University of Cincin nati, Mr. Whittaker is a member of the North Carolina Coal Institute and the Richmond Coal & Rail Club. Elk Horn is headquartered in Richmond and owns about 140,000 acres of coal lands in eastern Kentucky, some of which are leased to others for mining. Mr. Whittaker's appoint ment marks Elk Horn's entry into direct mar keting of its own coal. In another Elk Horn appointment, George W. Lee has been promoted to chief engineer and is based at Elk Horn's Wayland, Ky., office. Mr. Lee, a native of Wichita Falls, Tex., had been assistant chief engineer with Elk Horn since August 1976. He joined Ethyl Cor poration's engineering department, Baton Rouge, in February 1975 as a mining engineer. He received a degree in mining engineering in 1966 from the Colorado School of Mines. 330 South Fourth Street P.O. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED United Way Donations Achieve New Records (Continued from Page One) In Terre Haute, Ind., employees of the VisQueen film products plant gave $3,628. With 86 percent participation, the per-capita dona tion was $22. Employees of Ethyl of Canada's plant in Sarnia, Ont., raised $3,210. The average gift was $27 with 49 percent participation. $2,388 was raised by employees at IMCO Container's facility in Louisville, Kv. With an unusual 100 percent of employees taking part in the campaign, the per-capita gift was $24. Also in IMCO, employees at the Harrison burg, Va., plant gave $2,121, or $7 per-capita, with 65 percent participation. The Company's Magnolia, Ark., employees contributed $2,047, an average of $9 per per son, with 32 percent participation. At the Dispenser Products facility at North Riverside, III., a total of $1,457 was raised among 16 percent of participating employees. The per-capita donation was $30. IMCO Container's Belvidere, N.j., plant employees raised $1,264 with 20 percent particapation. The per-capita donation was $5. Other plant giving totals were as follows: Metal Products, Erie, Pa., $974; Greylock Molded Products, Pittsfield, Mass., $874; IMCO Container, Pittsfield, Mass., $769; VisQueen Film, LaGrange, Ga., $647; IMCO Container, LaMirada, Calif., $370; IMCO Container, Kansas City, Mo., $271; VisQueen Film, Carbondale, Pa., $261; Hardwicke Chemical Company, Elgin, S. C., $230; and Molded Products, Bedford Heights, Ohio, $55. page eight ETC 17315 ETHYL REPORTED 1978 Results Sales and Earnings Reach New Records PORTER Prize-Winning Photograph Loren T. McCune, process design engineer with engineering services at the Magnolia, Ark., plant, was a flrst-pfoce winner recently in a photography contest sponsored by the Columbia County Observer, a local weekly newspaper. This photo wos taken on a trip from Magnolia to 8aton Rouge. Ethyl Sells Plastic Pipe Business The Company has sold the pipe products division of its Plastics Group to Harsco Corporation for about $6.5 million. Sale of the division included fixed assets in connection with a plant at Columbia, Miss., as well as inventory. The sales price will not result in any significant gain to Ethyl. Water and Sewer Pipe The pipe products division had manufac tured polyvinyl chloride pipe and fittings for water and sewer applications. Ethyl entered the pipe business in 1964. F. D. Gottwald, Jr., chairman of the board of Ethyl, said: "While our pipe products division has been making a modest contri bution to profits, the decision to sell it was based on the belief that it would fit better with a company that has a broader base in general pipe products and would be willing to devote more capital to such a business." Ethyl's sales, net income and fully diluted earnings per share for 1978 achieved record levels. The report is based on preliminary figures. Sales for 1978 were $1,422,451,000, up 11% from $1,282,087,000 for 1977. Sales for the fourth quarter of 1978 were $379,219,000, a new record and 19% higher than $318,204,000 for the same period a year ago. Net Income Net income for 1978 was $82,698,000, or $4.02 a share, on a fully diluted basis, com pared with $78,024,000, or $3.75 a share, for 1977. Net income for 1978 rose 6% from 1977 levels while fully diluted earnings per share were up 7%. Net income for the fourth quarter of 1978 was $20,466,000, or 99 cents a share, on a fully diluted basis, versus $17,639,000, or 86 cents a share for the same quarter a year ago. Fourth-quarter net income increased 16% and fully diluted ear nings per share for the last three months rose 15% over the same period in 1977. Per-share earnings are based on the assumption of full conversion of Ethyl's $2.40 Second Preferred Stock. The per-share earnings on a primary basis (before dilution from assumed conversion of the remaining $2.40 Second Preferred Stock) were $4.24 for 1978 compared with $4.29 for 1977. For the fourth quarter of 1978, primary earnings per share were $1.04 versus 95 cents for the same period of 1977. Computation of primary earnings per share reflects the con tinuing conversion of the Company's $2.40 Second Preferred Stock. The 1978 results include a second-quarter adverse effect of $3.5 million, or 18 cents a share on a fully diluted basis, for additional taxes and interest involved in the settlement of a long-standing suit with the Internal Revenue Service relating primarily to the allocation of the price paid for the assets of Ethyl Corporation (Delaware) on November 30,1962. Fourth Quarter F. D. Gottwald, J r., chairman of the board, said: "Fourth quarter sales of petroleum chemicals increased because of higher ship ments of lead antiknocks and lubricant additives as well as higher prices. Industrial (Continued on Page Three) ETC 17316 Vol. 16 December 1978 Published bi-monthly for approximately 16,500 employees of Ethyl Corporation, its subsidiaries and divisions, by the Corporate Communications Depart ment, 330 South Fourth Street, P. O. Box 2189, Richmond, Virginia 23217. Edited by ROB BUFORD and RAY KOZAKEWICZ ETHYL CORPORATION F. D. GOTTWALD, JR. Chairman of the Board BRUCE C. GOTTWALD President FREDERICK P. WARNE Vice President and Secretary FRANK J. McNALLY Vice President and Treasurer 'Banana Oil' Following are excerpts from an Editorial from the December 11 edition of Barron's, a leading business and financial weekly,concerning the continuing controversy surrounding unleaded gasoline. It was written by the publication's editor, Robert M. Bleiberg. "Apart from deregulating the airlines, Alfred E. Kahn, chairman of the Council on Wage and Price Stability, is rapidly acquiring another claim to fame in the realm of public speaking. Last month he sent chills rippling up and down Pennsylvania Avenue, and jolted Wall Street as well, by asserting that if the President's anti-inflation program fails to work, the U.S. will be facing a deep `depression,' perhaps the first time the dread word has been pronounced out loud in Washington, D.C., since FDR, desperate for a euphemism, coined the term `recession.' True, the outspoken official sub sequently (and jokingly) swore to reform; henceforth, he said that when ever he began to think such unthinkable thoughts, he would say `banana' instead. Last week, however, he was back doing business at the same old uncompromising stand. In an appearance before the Congressional Joint Economic Committee, Chairman Kahn testified that the Council was con cerned over recurrent shortages in recent weeks of unleaded gasoline. If they continue, he added grimly, thereby breaking another tradition taboo, they could lead to rationing. "Next time Mr. Kahn addresses the issue -- which presumably will be soon, since the Council this month is slated to release a study of its own -- he might opt for the expression, `banana oil.' For the great unleaded gaso line scare of autumn 1978 has been largely a media event. True, Shell and several other majors have temporarily put dealers on allocation; here and there, filling stations have run out, compelling not-so-happy motorists to drive around seeking other pumps. Politicians have had a field day denouncing the oil companies and demanding an investigation, while the press has raised the spectre of a re-run of the winter of `74, when the OPEC oil embargo was in full swing. "Banana oil. As the industry has vainly tried to explain, that ugly bit of recent history is not about to repeat. Spot shortages do exist, so the trade freely concedes, but they reflect such essentially (and hopefully) non recurring elements as breakdown and fire in a number of refineries, as well as an unseasonably mild fall, which has kept autos on the road instead of in the garage. In an industry where 1% represents huge galionage and big bucks, demand in consequence has been running several percentage points ahead of estimates. In short, there's nothing wrong with gasoline supplies -- this winter, at least - that a spell of bad weather won't go far toward setting to rights. And as we all know, whenever a so-called economic crisis hits the front pages, it's probably yesterday's news. "All well and good -- and as a confirmed contrarian, we'll cheerfully give odds that for now the worst is over. But as they say in another field of endeavor, wait till next year. Unless conditions change, today's (or yester day's) scattered shortages of unleaded gasoline loom as merely the not-sodistant, not-so-early warning of the sorry shape of things to come. And as might be surmised -- and as even the culprits are willing to concede -- the villain of the piece is not the oil industry but the web of regulations and controls in which it has been ensnared. "Part of the blame lies at the door of the U.S. Supreme Court, which, with what can only be called culpable neglect, permitted the Environmental Protection Agency to prevail over the Ethyl Corp. et al. in longstanding newscor \.K. L >3 ilk H E lected president of the East Baton Rouge Parish School Albert K Board is Eileen Armstrong, wife of Wallace F. Armstrong, ,f The EH vice president -- manufacturing, Baton Rouge Tower. ercent-ow till contini Roy E. Johnson, properties managerfor Ethyl in Richmond, tis office ir has been appointed History and Heritage Committee Chair man of the Central Virginia Section of The American Society of Mechanical Engineers. I nstalled on the board recently of the Baton Rouge area chapter of the Louisiana Motor Transport Association was Michael D. Pattison, purchasing and traffic department, Baton Rouge Tower. C harles C. Nielson has been promoted to regional mana ger -- Ethyl Asia Pacific Company, based in Singapore. He joined Ethyl International in January 1974 as regional product manager and has been responsible for the product manager functions in both South East Asia and Europe. Albert1 tudget ai lichmont Michelle Walton, daughter of Branch Walton, hydrocarbon upervisoi maintenance, Baton Rouge Plant, was named to the Louis iana All-State Girls Volleyball Team. She is a sophomore at Baker High School. Mr. Lc Northeast He was e Portland J ohn F. McKinney has been promoted to operations manager in the molded products division with respon Add'sibility for the South Grafton and Pittsfield, Mass., and Fairfield, Conn., manufacturing plants. He most recently had been plant manager of the Greylock facility in Pitts field. In addition, Robert Ebbeling has been promoted to The f plant manager at Greylock. campaigt were re T hree Baton Rouge Plant employees served as loaned exe cutives during the local United Way Campaign. Joe Gilbert, training; Hiram May, maintenance and Billy Pate, tetraethyl lead maintenance, aided in the recent drive activities. ETHYL In Bli were ap gift of division as 74.6 litigation involving the issue of whether or not to `get the lead out.' With a perseverance all-too-rare in corporate circles, Ethyl for years successfully fought the agency's extremist dogmas right up to the 'liberal' U.S. Court of Appeals for the District of Columbia, where, after winning a two-to-one decision, it ultimately lost at a full hearing, five-to-four. When the high court refused to review the case, another major issue of public policy went to the bureaucrats by default. "Ethyl Corp. et al. thereby lost the case, but the loss the full extent of which, by the way, was barely begun to surface -- really was the nation's. As Barron's (Dec. 30, 1974), observed at the time (and as the four Circuit Court dissenters reaffirmed), EPA, in seeking to mandate a reduc tion in the lead content of gasoline, acted in irrational, unscientific and arbitrary fashion. Thus, the dissenters bitingly observed: The history of the regulation is really the history ... of EPA's effort to discover somewhere, somehow, a scientific rationale which would withstand the unanimous criticism of the remainder of the government scientific community.' The errant majority wholly ignored the incredible EPA admissions that `We have no evidence that air lead (at ambient concentrations) is directly toxic to Empl sion's f cantly i $1,121 percent was pit the Co emplos At t Goleta or mo campa additit $500. Woi plant first $1,57 part. In emplc of $2 In divisi' humans,' or that `No concrete link has been established A to between lead from automotive exhausts and harmful health capit effects.' Ethyl put the case more strongly. `In more than perse SO years of study, not one person has been found to have any identifiable toxic effects from automobile lead.' "All in vain. By allowing the issue to go by default, the Supreme Court in effect gave EPA a blank check, one which the agency, to judge by its continued antiscientific bias, notably in recently banning the use of another no-knock additive known as MMT, time and again has opted to cash. And the U.S. as a whole is the poorer." Tf Calif took IN Pa., atior cont ETC 17317 Ck \.K. Logan Elected ^ :1k Horn Treasurer sh School vrmstrong, er. Albert K. Logan has been elected treasurer f The Elk Horn Coal Corporation, a 96trcent-owned subsidiary of Ethyl. He also ,ill continue as Elk Horn's controller and has ichmond, is office in Richmond. :tee Chair- A native of Portland, an Society Me., Mr. Logan joined Elk Horn as chief ac countant in 1976 and ouge area ation was partment, /- _ was named controller in May 1978. Prior to joining Elk Horn, Mr. Logan was associated with the former Oxford nal mana- Paper Division of Ethyl lingapore. for s regional He joined Oxford in e product AIMn K- Lo*ln Rumford, Me., as a rope. ludget analyst in 1966 and transferred to tichmond in 1970. He was promoted to Irocarbon upervisor -- general accounting in 1975. he Louis- Mr. Logan is an accounting graduate of iphomore lortheastern Business College, Portland, Me. 1e was employed as an assistant manager at 'ortland Motor Sales for three years. -perations i respon- lass., and recently ^ditional UGF Results in Pittsmoted to The following United Way/United Givers ampaign results from eight Ethyl locations *ere received after the previous issue of aned exee Gilbert, etraethyl iTHYL REPORTER was distributed: In Blue Island, III., employee contributions *ere approximately $8,500, for a per-capita jift of nearly $34. The molded products iivision plant's goal was exceeded by $1,500 is 74.6 percent of the personnel took part. > `get the sorporate agency's Court of winning a hearing, the case, reaucrats Employees at the dispenser products divi.ion's facility in Bridgeport, Conn., signifi:antly increased their contributions from the 11,121.60 raised the previous year. With 64 tercent of the work force taking part, $3,987 as pledged, which included a $600 gift by ihe Company. The per-capita gift was $21 for :mployees. At the IMCO Container products plant in -le loss -- begun to Dec. 30, ait Court : a reducrrational, lissenters is really newhere, itand the /ernment - ignored evidence toxic to tablished ul health ore than i to have ioleta, Calif., employees contributed $2,422, ir more than $2,400 more than last year's ampaign. The per-capita gift was $47. In iddition, the Company made a cash gift of 1500. Workers at the metal products division slant in Hackensack, N.J., took part in their first United Way drive and contributed 11,575. 34 percent of the employees took part. In Rockaway, N.J., IMCO Container smployees raised $987, with an average gift of $20 among the 41 percent taking part. In North Riverside, III., dispenser products division employees nearly tripled their goal, ft total of $957 was contributed. The percapita-gift was nearly $30 as 16 percent of the personnel participated. The VisQueen Film plant at Fremont, fault, the ne which :ific bias, no-knock 1 to cash. Calif., raised $580. 33 percent of employees took part, with a per-capita gift of $8.50. IMCO Container's plant at Lewistown, Pa., raised $84, although it has been in oper ation for only a short while. The Company contributed $100 for a total of $184. 13-Year-Old Youngster finds LSU "more of o challenge" Son of B. R. Employee Attends LSU Patrick Hu is not a typical student by Louisiana State University standards, or by those of any other university. At 13, Patrick, son of John Hu, economic evaluation, Research & Development, Baton Rouge Plant, is enrolled in the Junior Division at LSU. The younger Hu plans to attend medical school, and while attending Episcopal High School he is taking a course in plane trigo nometry at LSU. He enrolled in the course despite the fact that the university's computer at first refused to believe his age. The youngster finds it "more of a challenge than high school math." His mother is also enrolled in the same course. The family's desire to have Patrick receive additional math training led to their enrollment. He was featured recently in an issue of LSU Outlook, a monthly publication on university programs and activities. 1978 & 4th Quarter Results Set Records (Continued from Page One) chemicals sales rose because of higher ship ments of both new and existing products and the inclusion of sales of Hardwicke Chemical Company, acquired June 30. Improved plastics sales in the fourth quarter reflected higher shipments. Aluminum sales increased as a result of higher prices and a more favorable mix of products. Coal revenues grew as a result of higher royalty rates and tons sold. "For the year, petroleum chemicals sales were up as a result of higher prices and in creased shipments of lubricant additives. Industrial chemicals sales increased because of higher shipments, new plant production and the acquisition of Hardwicke. Plastics sales growth resulted from higher shipments in the second half. Aluminum sales for the year were up primarily because of higher prices. Coal revenues improved, reflecting higher royalty rates and the sale of a small amount of coal reserves in place. Higher oil and gas sales resulted from increased productions," he said. Mr. Gottwald added: "Ethyl's 1978 results are particularly noteworthy since they were at record levels despite the adverse effect of the tax settlement in the second quarter. Therefore, the improvement in 1978 shows considerable strength in earnings from opera tions. The year was also an important one in terms of diversification. Ethyl achieved for the first time more than one billion dollars in sales without counting those of antiknock compounds. Although there are considerable concerns about the economy in 1979, we are optimistic that it will be another strong year for Ethyl." |p.m mu-- iiiiip apiiw--,-.-- - r Ethyl Reporter News ? ' The editors of ETHYL REPORTER are continually ' seeking newsworthy items for the paper, including : plant safety, other plant developments, employee ^ human Interest articles, employee civic service, and other developments. Contact Rob Buford or Roy Kozakewlcz, Corporate Communication, Richmond, V with your news. ETC 17318 Ceraglass Gets Award For King Tut Tumbler Edltc tews wi ad budt [thy! sit teimer, i> Batoi tat of r 966. in or Plas lastics, manager iirector iresider. Mr. Blanche: n grade torch / rtarried hey ha\ ETH\ toinin AIR. ' Glaucoma Screening Ethyl's corporate offices and neorby VisQueen Film Products plant were the site of the first Industrialglaucoma screeningproject conducted by the Virginia Society for the Prevention of Blindness in December. Under a program coiled Glaucoma Alert, a total of three screenings were held with 145 employees participating. Rose Scott (left), advertising and sales promotion, Richmond, undergoes glaucoma test. Glaucoma is most often a gradual, blinding eye disease. It is usually associated with pressure build-up within the eye. Cerogfass, the metal products division facility in Hackensack, jusim N.J., has won the Society of Glass Decorators' Excellence in Christ Technical Achievement Award for a tumbler featuring an ornate, tricolored relief design inspired by the treasures of So, I King Tut-ankh-amen. Created by a Connecticut firm under sver, contract to Ceraglass, the prize winning tumbler is bonded by a golden frieze of Egyptian symbols and a series of Egyptian a job figures in gold, coral, turquoise, and royal blue. The effect is accep reminiscent of the hand pigmented bas-reliefs of a pharaoh's was ! palace. The idea for an Egyptian design tumbler germinated ot Ceraglass headquarters in Hackensack and was nurtured a che> into its final form by the Connecticut firm. ETH' assigr MR. partn estinj unusi mind cherr The I joir in hi tion. Bato raw i in in of c proc j to v. : the ! aspe deve Suggestions Win Recognition The first annuaI Suggestion Program awards were presented recently at Ethyl's Hardwicke Chemical Company subsidiary in Elgin, 5.C. Dr. James E. Hardwicke (center), president, presented the t25 cash awards to Ronnie Boykin (left), warehouse supervisor and Ron Odom (right), production supervisor. Each suggestion saved many hours and significantly mode the process safer. Because of the savings involved, both men received on additional $75 as on annual award. Mystery - that's the best name for a large goldfish found In the No. J Pump House Reservoir at the Baton Rouge Plant In eorly fall. Howard Wascom (left), tetraethyl lead maintenance, who discovered the fish In the reservoir, helps Charles Gardner, supervisor -- general maintenance, hold container. invo nica the aftei ETh earl' MR. Ethyl's Matching Gifts in 1978 Reach Record Level mar Con in c Ethyl's Matching Gifts Plan in 1978 resulted in $24,950 being donated to 133 colleges and universities, Ted J. Carron, chairman -- Edu cational Relations Committee, Richmond, has announced. This is the largest dollar volume in the program's seven-year history. Mr. Carron reported that 284 employee gifts were matched by the Company in 1978, and the average gift was $88. In 1977, $21,352 was donated as the result of 231 gifts, aver aging $92, he said. Under the Matching Gifts Plan, Ethyl con tributed sums to one or more eligible insti tutions equal to the amounts donated by the employee, up to a maximum annual total of $500. Participation in the plan is open to all regular employees of Ethyl and its subsidiaries, who have at least one year of service. It is not necessary that the employee have attended the institution to which the donation is being made. Gifts may also be made in the name of a spouse or dependent child. Eligibility Institutional eligibility is limited to any four or two-year college, graduate or professional school, or technical institute which is (1) either accredited or working toward accredi tation by a nationally recognized regional or professional association; and (2) is recognized by the Internal Revenue Service as a taxexempt educational institution. ; New Detroit Number The Company's Detroit Research Laboratory has a new telephone number as a result of the installation of new phone equipment. The new number Is (313) 399-9600. ^ Thi; cast anti entr basi che curt are; like our con oth ET PI ETC 17319 Award-"1 We-i-m'mblcrmportance and Functions of Budget Croup Have Crown Editors' Now Following Is another In o series of inter with Ethyl employees. Paul E. Welmer, vice president i budget director of the Company, has been associated with yl since 1949. A native of North Manchester, ind., Mr. timer joined Ethyl as a chemist fa Research A Development Baton Rouge. He held key positions fa RAD, Including jf of research director, before joining the Plastics Group in 46. fa 1968, Mr. Welmer was named manager of operations Plastics. He became director - financial controls for sties, fa 1971. In 1974, he was named corporate budget noger, and the following year he was appointed budget tetor. Iri 1977, Mr. Welmer was elected a corporate vice trident. He has his office fa Richmond. Mr. Welmer received a B.A. degree in chemistry from :nchester College, North Manchester, fad. He also engaged I - graduate studies at Purdue University where he has a re- \:ia fellow with The Purdue Research Foundation. He Is yffritd to the former Elsie Carey of Cleveland, Ohio, and "ty have four children. :THYL REPORTER: What led to your lining Ethyl? tIR. WEIMER: I had been running a family - in Hadtenuch,lusiness in Indiana for several years. On 'erEfeotuTM'-*'ristrnas night of 1948, the business burned. the treaZns o"'i I was at that point looking for a job. How- icut firm underver, by a very fortunate coincidence I had !^er ^rom anc* * went ahead and ue. Thee/fect/,iccepted it. In March 1949, I joined what s of a p/iunoh',,is then called the development section as dbiewr eg,enrmuinratuterd'd'^*TM"1- THYL REPORTER: What were some of your _ssignments or projects in R&D? HR. WEIMER: Well, I was in the R&D deaLJf?ht artment fr 17 years and had a lot of inter s' L sting assignments. Probably one of the first '4 *4 r inusual assignments that would come to . itind is the "Lindane" project -- an insecticide ' fiemical that Ethyl had built a plant to make. i Fhe plant was having difficulty running and t I joined with some other people one summer r. n helping put the plant in operating condi: aon. At that time, the direction of effort in Baton Rouge R&D was primarily process, or aw material-oriented. The first area I worked in involved the chlorinated hydrocarbon side of our business. But I also worked on TEL orocesses, including a continuous TEL process :o which quite a bit of effort was devoted in the early 1950s. I also was involved in some ispects of the manganese antiknock process development. Directly or indirectly, I was involved in much of the Baton Rouge tech nical work for a number of years. Most of the diversification effort really got started after World War II. " ETHYL REPORTER: What were some of the ' tarly diversification projects? MR. WEIMER: In the days prior to Albepypl marie's acquisition, any diversification for the ^ Company largely had to be antiknock-oriented regional or recognized as a tax- in order to get approval for commercializing. This made diversification difficult to have to cast essentially everything that you did in an antiknock cost-reduction fashion. The initial entry into vinyl chloride was justified on a i ber Research number of new mber Is basis that it would make tetraethyl lead cheaper. One of the developments that oc curred while I was in R&D was the whole area of aluminum alkyls and all the products like alpha olefins that have been derived from our basic aluminum alkyl chemistry. This, of course, was an outgrowth of our looking for other ways to make tetraethyl lead. ETHYL REPORTER: What led you to join Plastics? MR. WEIMER: I transferred to Plastics in 1966 on special assignment to work on a joint venture project to build a low-density poly ethylene resin plant. The Company elected not to build the plant, so I became involved in the operational aspects of Plastics. ETHYL REPORTER: What changes in the Company have you seen following the acqui sition by Albemarle Paper? MR. WEIMER: The acquisition was a very excellent step for all people involved -- Albemarle, "old" Ethyl and the owners of Ethyl; General Motors and Standard Oil of New jersey. I think everyone really gained from the change in ownership. It was parti cularly helpful to those in the R&D depart ment. It brought a breath of new life to the Paul E. Weimer R&D activities and the corporate activities in the diversification sense. The change was able to bring together a capability of diversi fication with the resources, policies and desires to do so of the new owners. ETHYL REPORTER: What are the basic re sponsibilities and activities of the budget department? MR. WEIMER: The corporate budget group coordinates the preparation of the budgets throughout the Company. Budgeting, as Ethyl practices it, is somewhat a two-sided coin. It involves the generation of detailed plans or budgets for what the divisions expect to achieve in the next calendar year concerning financial results, and also lays out the assump tions that have gone into the development of the plans. The other side of the coin is that the budget group, as do others, throughout the year continually looks at the performance of the Company against that budget to try to identify whether we're deviating from the plan, or budget, whether we're deviating in a favorable or unfavorable fashion, and if so, why? A major activity is the monitoring of manufacturing cost performance throughout the Corporation. ETHYL REPORTER: How is the group broken up? MR. WEIMER: We have ten people in the de partment. We publish what we refer to as the Operating Chart Book, which is a monthly collection of charts that cover pertinent aspects of the performance of the Company. It is used considerably asa reference document for various types of performance data each month. The manufacturing cost monitoring is basically the responsibility of Tony Honosky, who follows production performance from an industrial engineering standpoint. The basic ways that we monitor cost performance are to follow costs and to participate in cost reviews occasionally that are conducted in the divisions. As part of his responsibility, Tony coordinates the cost improvement program. We also follow manpower in detail. In addi tion, we have two or three people who devote most of their activities to analyzing profit performance. They analyze the budgets and analyze the results against the budgets. What we basically are looking for are anomalies, or problems, and then through discussion and dialogue with people in the divisions, we deter mine the status of active programs to pursue the problems. Another part of our group is involved in maintaining and publishing what we refer to as our forecast chart system. In this area, we make use of all the rolling fore casts that are submitted from the divisions throughout the company. From these fore casts, we publish a monthly set of forecast charts that basically tell where we've been in the past couple of years and where we are headed in the next 12 to 18 months. ETHYL REPORTER: What role does the computer have in your group? MR. WEIMER: The type of forecast charts that we put out would be impossible if-we did not have some type of computer system avail able. Gary Hotchkiss uses a small computer which has some excellent graphic capabilities. We publish the forecast charts by using the computer to generate the graphics. We also . use the computer to prepare the graphs for the Operating Chart Book. The computer has really made the collection and publishing of the detailed data possible. ETHYL REPORTER: How has the budget group changed in the last several years? MR. WEIMER: The budget group and func tions have grown considerably. The emphasis on the budgeting function largely comes from the philosophy of operating the Company as represented by the Executive Committee. The Committee is very financially oriented and the budget is a fundamental control tool or device to allow one to follow the perfor mance and direction of the Company. The budget gives you a basis for what you intend to do and then it gives you the means of comparing how you're doing against what you intended to do. A major change has been the increased emphasis on forecasting -- looking ahead. The forecast numbers that we look at have become more important to the Cor poration because they basically tell how you expect to do in the immediate future. It's the future you're concerned about because you can't do anything about history. ETHYL REPORTER: What are some of your outside interests? MR. WEIMER: I'm quite active in church work. Also with the United Way. I like to play bridge. Reading is another activity. I like all kinds of spectator activities from sports to theatre. I really dabble in a lot of things. ETC 1T320 1 Reason's (greetings Christmas Visitors Perhaps its proximity to the North Pole mode Ethyl of Canada's Sarnia, Ont., plant one of Santa's first stops on Christmas Day. In any case, the plant was prepared with a welcome sign. International Croup Hosts Greek Student Petros Roussis, a 21-year-old business student from Athens, Greece, recently com pleted a two and a half month training-program with Ethyl International in Baton Rouge. He is the second foreign exchange student to work for Ethyl under the auspices of the Association Internationale des Etudiants en Sciences Economiques et Commerciales (AISEC). AISEC is a student-managed organization with headquarters in New York and local committees on college campuses throughout the U.S. and abroad. Sponsoring the AISEC program in Baton Rouge is Louisiana State University. Beginning October 1, Mr. Roussis worked in a variety of areas of International's finance department. The majority of his time was spent working in the cost and budget group. Also, he spent one week at the Baton Rouge Plant and worked in the marketing group of Plastics and central systems and data pro cessing. Prior to his trip to Baton Rouge, Mr. Roussis spent several days in Thessaloniki visiting the Ethyl Hellas plant and offices. Mr. Roussis serves as AISEC president for Greece, and traveled from Baton Rouge to Canada during his stay to attend the group's World Council Presidents' Conference. Mr. Roussis returned to Athens December 15. There, he is a student at the Athens School of Business Administration. In charge of Mr. A i Petros Roussis (right) trains with Don GerardI of Ethyl International. Roussis' training at Ethyl was Don Gerardi, supervisor of costs and budgets, Ethyl Inter national Group. ;'L 330 South Fourth Street P. 0. Box 2189 Richmond, Virginia 23217 ADDRESS CORRECTION REQUESTED RETURN POSTAGE GUARANTEED ETC 17321