Document 3JQYYZ4wD7Mnnb2OKE63wYovE

FILE NAME: Eternit (ETER) DATE: 1980 DOC#: ETER112 DOCUMENT DESCRIPTION: Meeting Minutes - Last 2 Pages Mr. D ix o n iil-p.ie' e lf i': G 1 r.iv.l ,'ii-ir 0* c .y 1 'Ik-' cow :o i n t i ll o u t " h a t h e r e p o r t h a r n :u J e n o g r e a t ` p . r h l i c - i n . '. e e d , i t h a d h.-.-* j 1'i' i i ' ' f i c i a ) 1 !:" r . e n c h . l V i t b a d c 1 e c. r e t l X'.'m,- m i n u n d e r - .t u i m i.' i c d e . c e p ' i o n s a b o u t M u ' r - - `v 1 ; : o n . v . e n f a ) e f f e c t s .-..-..I ! .1 * h i h r ) e v .-e : e d ` e o r .'o ~ . - i i . i l t e m p e r a t u r e . h e 11*' ri-yul. V. i o n s v o u l d y :, s. v a n 1 y ;i - s ul in c o n s t r i c t i o n o f i s b e s ' . s u- .i-k - in como a r e a s . 'J h r p i o p c o f a.: be:' t h e infill:, ii.'.p I o :ve ' pO l1' \ V* *J l.iciar ! , n i u s o o f s: .: r.r-w uj;. r. ` and a rdr. c o u l d bo rr-=* c -.:>u i . , r : i t " io n i?,n` o r i o l o 5 - 1:.; V u 'ciul-J v / t a '. ia o r x t r- n ri i o r, 1 :<n is.i' o o f I s '. Dr-cember 1 9 8 0 . V e r p r o b l e m i'uv ' h o C5;u; a c . r . r . v J anti t o s ib 1y asb.es to.s t ; . fibres as fille rs . in t h e menu f a c t u:'e l e s , t hou*: h /O.Ml t h e p r o p s :: e :J I hr* new st and, n r :;-j `.J i i n r. u 1r `. i o n - -J $ an-1 t o r t h e For' t h e 3J ;^'..i!g s i n d u s t r y g l o b a l l y , - i t vs::> c o n c l u d e d t h a t q u `. f i e r i * b e -.s o n a s b e s t o s \;r- r o -t,o s t u n l i v l y o v e r t he n ox ^ i v 5? y e a r s e x c e p t in S c a n d i n a v i e ; a n d p e r :.- ib 1y jn 0 he r c o u n t r i e s ; v i t ii i' g .T .'l t o c r o c i d o l i t o a r,J i r . p s i i . c - W h i l e a s h e s to r, c e m e n t w a s p r o b a b l y r e a s o n a b l y s.i>c-j :v in m o s t c o u n t r i e s , tire t r e n d s i n a ':', i t u c i o s a n d pc.il . c i o s t o w a r d s a s b p s `.o s and i t s e n v i r a n o n t e l P f Cpc*s& r. well have an a d v e r s e ic-prct upon c e r t a i n p r o d u c t s , a f r .e e " ing in p a r t i c u l a r t h e s h o r t e r f i b r e s . Doir.ei,/: f o r a s b e s t o s c > - f e n t g r a d e s i n ' t h e d e v e l o p in.j c o u n t r i e s s h o u l d n o t b e s ::q 1. i f i c an ':1 y a f f e c t e d o v e r fl; n r f f i v e ye a r s , t !; ugh s ome p l a i n ' s n e e d t o be b r o u g h t up t o E u r o p e a n d u s t c o n t r o l s t ar-.d-a: r. . S u b s t i t u t e s f o r a s b e s t o s t / i l l c o n t i n u e to be .dovplop=-d, b ut companies vs s h o u l d not s ir.pl " g i v e in" on a s b e s t o s . C o n s i d e r a b le e f f o r t (and expend iturrc) w i l l be required to supipart the "a s b e s to s lobby*' in Europe a t emplo y e e / t r ado un ior.r ustorcer and p o l i t i c a l 1e v o l s . The Marke t f o r A s b e s t o s in 1979 . The r u n - d o w n o f e x c e s s s t o c k s h e l d b y n&M.y u s e r s c o n t i n u e d i n 1.979, M a r k e t s t h u s f i r me d up a i f ho up hi ' h e i n c r e . e s e in b a s i c d e p e n d f o r a s b e s t b s cestert g r a d e s r.11 t h e Far E a s t ( e x c l u d i n g J a p a n ) a n d s oree A f r i c a n a n d !-i)4 1o E a s t e r n c o u n t r i e s was -only m o d e s t . I n t h e n o n - a s b p s f o s cefuefi*. g r a d p s demand was on a more p f l e s s l e v e l t r e n d . Some p,rp3?.-jire h a d , h o w e v e r , d e v e l o p e d o n s u p p l i e s o f G r o u p 4 * s a n d 5.**.s b e c a u s e o f s h o r t f a l l s in Russian p r o d u c t i o n and a c o n s e q u e n t s c u i m h l e by East European countries for "western" fibres. T h e r e was no s i g n o f an improvement in tine u n d e r l y i n g t r e n d in demand in 19D0 i n W e s t e r n E u r o p e ; J a p a n and N o r t h A m e r i c a , h o w e v e r , s t r o n g d e ma nd from E a s t e r n Eu f er ie i s l i k e l y t o c o n t i n u e an J f u r t h e r g r o w t h i s l i k e l y in s,v:t-,o o f th e m a i n d e v e l o p i n g c o u n t r i e s . Somn s u p p l y c o n s t - r u i n ' s may d e v e l o p in Group 4 ' s and 5 1s even though the e x p a n s i o n at the major Rhodesian mines is now on stream; Canadimil mine s t o c k s wore h i s t o r i c a l l y l o w a t t h e e n d o f S e p t e m b e r 137 9. Production Trends M r. b o r n e r t a b l > `J a n p - d a 1 /*-.) 1 ! n - e- b y -m |-; o d n u ' i o n r:cr;<<!u '. e v;it'd p r o j e e *. io n :-, f r 190 0 ;md J `M5. Th ic. w.i:: c o n s i d e r e d w i ' i i j n t o r e s t by t h e m e e t i n g , rt v/ns n o t e d 'hi.,' w o r ld c h r y s o ' j l e o r o d u c l i o n was e x p e c t e d f 0 be o b ou f 6 m i l l i o n r.lioi't ' o n s in 1 9 ) 0 . ( ) 1 d . Cor:.-.uv"1' i o n T.'~nn(1n I t v ; i s r) r r. o <1 1 1 y 0 -] r o o d h ; i 1 t h o r n w o u l d b o no q i o n t c h n w o ir. -,/<> U1 d nd 1 *.>-)- o v c - j t hi* n o d i u -i t o r / n - Connuni::'.. i on hc-.s bc^-n a': :'o l a* i v*.-l y 1o>.- l o v o l s i n -o r . i n d u r , v:- i a) i s r d c o u n t r i o o s i n c e 'be- l'J'M/Vb w orld I'cc'-sr. Ion, and the ;o c o u ld w all bo C u r1b o . di't-Jual docl nor.. Thecn a t o o x p o c a d t o b " a t I f 'o s t o f f s ' *; by i n e r n a s o s i n c o h n u - p ' : i o n i n tin* d o '.T 1o p :vg c o u n t : - i n s . 5. Kao:*. t- ii-.c; I t -.roo ay bred t h a t a n o t h e r .7.op *: irej s h o d d bo h o l d in t ho la:st v;r`(>k o f Octobc-r 1930 in E:-u s s n l 1 s . rno p r e c i s e d a t a wi J } bo f ixod l a t o r . 6 l I / f