Document D9wraq0BnGKmxnq6GKBwRmNM

'w Coalings, Anti-Lead \ Paint in Grow Future E!ectrost.iticalIy"ap|>!ici.l'rj;-.t.nl:.> end a lead antidote paint additive are li:;:!: on the list of Grow Chemical Com pany's hopes for a bright future. The New York firm expects powdered coat ings; applied electrostatically, to comprise 15 petcent of tae lotal US iniustriai fin ishing market by 1975. and then leap to 75 to 80 percent by 1900. This estimate was marie last week InRussell Banks, president of Crow, a: a meeting of the New York Society of Se curity Analysts. an. u.m.'.j iiuic? u.i i.:t:i .;i.i. l lie c.);h * pany had filed a patent application for a lead antidote paint additive. Although more research must be completed before the product is marketable, he indicates how the antidote will work He says it will combined will; a non-toxic paint whicn is to be applied directly on areas coated with leao-op-ed paint If tb.a leaci-bascj pe.int tb.er. cl:.: s oif. and is c.r.s'.i.mcd by a cb..Id, th.o anti dote w vuld function as a ehc'min; a .cm and allow noxious l.-.id to ua.-.-. a.iimai:: a;, toms cio.aly r-ioemMe Mr. id.-.;: 1:j alio points out that lourtu<paalter cvtiirw.tcd can,::;;., from opera tion; for the specialty ccatin go firm are up approninia teiy 50 percent over last year. Kali mated sales of 770 million for the llseal yeaa entled Juno 00, 107:, v.cre vle,:v..d faeai :i;e folia-.-.:::; areas: aummotive i::da.-:ti-y, 00 percent; induM:-;. 1 CGat:a..s, iucluuia;: aroospacc ilni.ihes, 00 percent; construction, trade, 20 percent; consumer poods, 00 percent; other, 7 per cent. The firm's objective, as slated by Mr. 3ar.hr.. M to nckwvc 5:1,0 million in sales within the next five years. AUG o 3 1971 /i <1* ( ~r&t~ e, me him For Zinc Oxide ile AmericcnY'/ ifc'Cumpan, w, ou-d a detinitive contract with A meric an Smelt ing Ce f:ci.,img Company w,g the sale tc Asnrco c: its Hue ox ate plants end real eit.'itc located at ii.h.-ooro, lit., and Colum.bus, Ohio. Also sob! to Asarco arc e.'l of .Wcnxn Zinc's mir.es, plants. minerM properties and other real estate in T. r:ncsv; and all the assets of the America:: Lime.dane Division. Included are the mirhr.e properties and mill of tile New Market Z:r.c Company, a joint venture ov.Twl by ...an Zinc Company and Gold UiebJs . w :e.m C;.r- poration. An agreement in principle cjimring ibis sale was previously ann'.uuc.u in .-ijrcii. The definitive contract is _-a w.-cl to a number ci c-t-adu lor.s. niam::: appracal by the sioekkul-.ler.-i o: A r......i Zmc. it will be sa a. :ch to stool: , mis at a special meet in:; the date ct which will be announced m tiro near future. "THE CHEMICAL MARKET I.XG NEKSCAPER" -> C'-i y. LIA-76584 / T' t \\ >*/J-