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ASBESTOS INDUSTRY QUARTERLY REPORT - 4Q 1980 Distribution G. R. Adams R. E. Byrne, Jr. J. F. Collins W. B. DeAtley G. L. Dickson R. L. Folkman R. F. X. Fusaro/J. J. Sibley B. L. Ingalls R. D. Koch G. M. Lincoln T. P. Norris H. B. Rhodes J. E- Walsh File / JTi UCC 005675 ASBESTOS INDUSTRY QUARTERLY REPORT - 4Q 1980 <J. L. Myers, 2/2/81) Asbestos sales for 1980 are compared to Budget and Forecast IV in the following table Actual Sales Tons $M % of Budget Tons $ % of Fcst IV Tons 1 Domestic Export 21141 8807 3872 3306 105 100 90 no 100 99 96 97 Total 29948 7178 100 105 98 98 Export and total dollars set new records for annual sales, although the total was only $22,000 higher than 1978, the previous record year. Domestic sales were above budget for floor tile and drilling mud, while RG products finished at 85% of budget. By contrast, export sales of RG products were 122% of budget and tile sales were below budget due to our Australian customer discontinuing f asbestos in the second quarter. Sales to tile customers below: Customer U.S. TILE CUSTOMER SALES, $M Actual % Budget Kentile 810 111 Uvalde 532 120 GAF 222 313 FIintkote 55 .52 Winburn 5 23 Amtico 00 TOTAL $1624M 116% Sales to W. R. Grace, primarily for Europe, exceeded one million dollars for the first time; and Tomoe purchases for distribution in Japan set another record at $1.7 million. Following is a summary of export sales by country: Country/Sales Rep; Japan/Tomoe Europe/Grace Brazil/UC Canada/H & C Australia/UC Taiwan/UC Mexico/Grace S. Africa/Grace S. Africa/UC Argentina/Grace Europe/Mercomed Taiwan/Grace Colombia/Grace 1980 Sales, $M Actual % Budqet 1741 931 171 134 115 87 37 29 24 17 9 6 4 103 116 116 104 87 105 -- -- 267 -- 64 -- -- UCC 005676 -2- February 2, 1981 As Indicated by the above, Grace has increased their activity in non-European countries and is competing with Union Carbide in S. Africa and Taiwan. This competition presents some complications, such as with pricing, but it does get the attention of the UC sales offices. Highlights for 1980 are summarized as follows: 1. March and first quarter sales established monthly and quarterly records. 2. Domestic sales personnel were reduced from four to three. Geographical responsibilities were revised and Eastern Canada was assigned to export sales. 3. Flintkote shut down floor tile plants in Chicago (March) and Los Angeles (November), leaving Toronto as their only tile production facility. We were supplying LA about 75 TPM, but nothing to Chicago or Toronto. Winburn shut down in the second quarter* a loss of about 200 TPY. 4. Atlas experienced major operating difficulties in the first quarter and "officially" discontinued production in the second quarter. 5. Calaveras discontinued production of Grade 7 products in November, but this will have little effect on our sales in 1981. 6. We have obtained continuing business from GAF in tong Beach and Vails Gate because of the Atlas shutdown. This should continue in 1981, although GAF tile plants are now up for sale. 7. Auto maker policies on asbestos use and low auto production caused a significant loss of RG sales. 8. Drilling mud sales were strong all year and were 165% of budget at year end. This is due to the record number of rigs operating, but our market share continued to drop due to the marketing efforts on Flosal, a wetted and prilled product from J-M. We decided not to offer a wetted product but did supply about 100 tons of UNIVIS (1/8" SSG pellets) for field evaluation of dust generation and down-hole performance. Tests will continue in 1981 and improved packaging will be considered. ____ .9, During the first half, GreatjGulf Chemicals purchased about 500 tons of CSV from Montello to make silane-treated asbestos (SMF) under contract from Dresser Industries. Dresser blends SMF with other materials to make a product for use in oil-base drilling fluids. Great Gulf began experiencing severe production problems in the last quarter and singled out CSV as the cause for off-spec SMF. Although we are sure CSV was not at fault, they tested HP0 from a regular distributor (D&F-Houston) and, by the end of the year, had essentially switched from CSV to HPO. Although we have an exclusive arrangement with Montello, the Law Dept, advised that we should not "get involved." The situation has been dis cussed with Montello and no significant problems are anticipated. UCC 005677 -3- February 2, 1981 10. Although Canadian asbestos producers had some labor problems, all contracts were settled before there was any impact on our business. There is a considerable excess of Grade 7 fiber and by the end of the year it was becoming evident that we could expect unusual pricing pressures in 1981, especially in Japan and the Eastern U.S. 11. Although there was a constant threat of new regulations, none were promulgated which would have a serious effect oh our business. The main threat to the asbestos industry was the continuing use of the media by the agencies to instill an unfounded fear of asbestos. We anticipate reduced regulatory pressures for the next four years. 12. Although sales were at a record level, financial performance was poorer than prior years because of unexpectedly high production costs, especially energy-related. Following is a summary of the 1ast three years : 1978 1979 1980 1981 Budget NIFS $H % Budq. 7156 6360 7178 126 97 105 9356 Gross Marqin $m % Sales 2944 2439 2139 41 38 30 2824 30 Net Income $M % Sales 1190 1041 827 17 16 T2 1255 13 XR0A 25.4 19.8 16.6 21 .8 13. The improved performance budgeted for 1981 can only be achieved by implementing large price increases to offset production and other cost increases. One distributor agreement was terminated at the end of 1980 which will result in a $46,000 savings in commissions in 1981. 14. Customer technical service activities for the year are summarized in the attachment. UCC 005678 INTERNAL CORRESPONDENCE METALS DIVISION to (Name) j. [_. Myers Division UCC-Metals Division Location Niagara Falls, NY coovto r, Byrne, Jr. File - P. 0. BOX 579 -4S25 ROYAL AVE.. NIAGARA FALLS. NEW YORK 14302 3tc January 7, 1981 ornirwtingDept. "Calidria" Asbestos Answering letter date subject Technical Service Activity Report, 4th Quarter - 1980 and Year End Summary of Activities ' Technical Services activities for the 4th quarter 1980 are attached. Dust monitoring services were provided at 16 customer facilities during 1980, a 43* decline from 1979. However, air monitoring programs in general and AIA/NA-DMAP related work increased substantially during 1980. Monitorings related to UNI VIS evaluations at drilling locations and special tests performed at select residential sites in California were considerably involved; both from the standpoint of field work and overall manpower. Developmental investigations included two general areas of study; evaluations of asbestos physical properties and test methods, and product development. A general breakdown of specific areas of study is as follows: Asbestos physical properties & test methods 1) Centrifugal techniques for particle sizing 2) Fann viscometer determinations of rheological characteristics 3) Marsh Funnel: determinations of rheological characteristics 4) Development of an asbestos slurry solids determination test based on densimeter techniques Product Development 1) LTX programs - Asbestos liquid thixotropes including, DI0P, polymer resins and oil treatments 2) Study - physical properties of Standard,Super-Standard and High Purity products 3) Silane treated RG-244 developmental products 4) Study of RG-244 physical & rheological properties and related test methods. UCC 005679 * ' J. L. Myers -2- January 7, 1981 Approximate time allocations for the principle areas of activity, during 1980 were as follows: Customer dust count services Routine Technical service Plant Assistance: Routine Special Air Monitoring study Developmental AIA/NA related projects 15% 25% 10% 20% 25% 5% BLI :dal Attachments f UCC 005680 Month Oct. Nov. Oec. BLI:dal 1/8/81 Developmental Programs and Plant Assistance 4th Quarter - 1980 Originated By BLI WBD BLI/WBD WBD WBD FRA WBD HBR WBD Job Description Study of new laboratory test methods (Main Circuit). Quality Control testing of monthly production composites. Investigation for new labor atory QC test method of RG-244 Monitoring Program - Airborne asbestos concentrations in specific California residential sites. Quality Control tests of monthly production composites. Physical properties tests of select asbestos slurry samples prepared by UCC engineering department. Monitoring Program - Airborne asbestos concentrations in specific California residential sites. AIA/NA - DMAP evaluation of optical resolution determination slides prepared by DMAP. Quality Control tests of monthly production composites. UCC 005681 Month Nov. Dec. Technical Services 4th Quarter - 1980 Customer Dresser Ind. AIA/NA Montello Tomoe W. R. Grace Bouffard Assoc. UCC Rep. JLM HBR JEW REB REB GLD Job Description Evaluation of RG-244 in nonaqueous drilling fluids. Evaluation of test resolution si ides for DMAP. Evaluation of plenum chamber airborne emission character istics of SSG products. Physical properties testing of SG-130 product. Investigation of customer complaint - SX-14 contamina tion. Evaluation of plenum chamber emission characteristics of acetate treated RG-244. Month Nov. Dust Counts Performed at Customer Facilities 4th Quarter - 1980 Customer Global Plastics UCC 005682 VH ASBESTOS INDUSTRY QUARTERLY REPORT - 4Q 1979 (J. L. Myers, 2/15/80) Asbestos sales for 1979 are compared to Budget and Forecast IV in the following table: Domestic Export TOTAL Actual Tons $M 19577 9093 3553 2804 28,670 6357 % Budget Tons $ 88 85 101 117 92 97 % Forecast IV Tons 5 102 98 95 94 100 96 Sales of RG-244 and drilling mud products were, respectively, only 72% and 54% of budgeted tons. This was the main reason for below budget performance and erosion of sales in these areas is expected to continue due to health/regulatory effects unless "dust-free" products are developed and marketed. The Fisher-Body Division of GMC has issued an edict that no new formulations will be evaluated if they contain asbestos. Floor tile sales were above budget due to Kentile purchases which exceeded loss of sales to GAF. We anticipate no further sales to GAF unless we make a competitive price offer or their current supplier falters. Although domestic sales were only slightly below budget, the disparity between regions was significant due to unexpected circumstances. The following table illustrates this: Region East Midwest South West Actual Sales Tons $M 3995 6855 6711 2060 1034 1021 1033 465 % Budget Tons $ 177 122 172 119 66 73 35 44 TOTAL 19,621 3553 88 85 Export sales in the 4th Quarter were artificially low because of shipments which were made but not invoiced before the closing date. These will be picked up in January. Sales of RG-244-EX and SX-24 were below expectations because of plant problems in making specification product. This situation has now been corrected and normal shipments resumed although we have a lot of "catching up" to do. For the year. export sales were a record $2804M, 8% higher than 1978. Following is a suwnary by country: Country Australia Brazil Canada Actual Tons 571 147 105 166 144 102 % Budget Tons 5 51 85 181 227 49 79 UCC 005683 2- - Cont'd Country Europe-Grace Non-Europe-Grace Europe-Mercomed Hong Kong Japan . S. Africa Taiwan TOTAL Actual Tons $M 579 38 59 3 7569 10 18 678 45 13 6 1584 22 41 9096 2804 % Budget Tons $ 118 126 141 180 128 163 ---- 113 121 200 220 106 121 101 117 As expected, the CAl-OSHA Standards Board ignored our testimony and established an action level of 0.1 f/cc to trigger monitoring and medical examinations. A copy of Dr. Rhodes 4th Quarter Activity Summary is enclosed. Significant quantities of CSV are now being sold through Hontello to Dresser's compounder for production of silane-treated asbestos for use in oil base muds. Considerations are being given to bulk shipments. Hontello has had good response from "UNIVIS", an oil-wetted pellet, and an engineering study was begun to assist in determining whether or not we should make this product at King City. The development of a "liquid thixotrope" is continuing with a customer/compounder and distributor. Optimism for a successful market program is beginning to prevail. A summary of technical/customer service activities is enclosed. John L. Myers JLM:dal Enclosures UCC 005684 UC .INTERNAL CORRESFOMCEWCE METALS DIVISION p. o. box 579 -4625 royal ave., Niagara falls, new york k3o To (Name) Mr. E. W. Kantz - Niagara Falls Division Mr. R. G. 8everly - - Grand Junction Location Copy xo Mr. J. L. Myers Date Originating Dept. Answering letter date Subject January 21, 1980 Safety, Health and Environmental Affairs Fourth Quarter Activity A detailed listing of my time allocations and main activities during the last quarter of 1979 is attached. The time split was about 60% asbestos and 40% uranium, as anticipated. The major uranium effort in this quarter was the completion of the AMC response to the GEIS and testimony in Albuquerque. I have also become involved with two new AMC Subcommittees: 1. Ad Hoc Subcommittee on Asbestos in Water - This group is preparing responses to the Cal span report on asbestos in water and the proposed EPA Mater Quality Criteria Document on asbestos. It is anticipated that this group will phase out after this specific task is completed. 2. Subcommittee on Carcinogens - This is a new subcommittee whose initial job is to prepare a response to the EPA generic proposal for airborne carcinogens (Section 112, Clean Air Act). The specific charter is still being defined but it appears that this will be quite an active group. It should be noted that both of these activities overlap very much with similar AIA/NA actions with which I am involved. The joint interest has resulted in good coordination, cooperation, and exchange of information between the two organizations, which should prove useful in the future. The asbestos activities include the completion of the Proceedings of the Washington Colloquium and substantial time on the preparation of the technical report on the Round-Robin monitoring study. The latter has proven to be more complex than originally anticipated and will be a main effort for the first quarter of 1980. Moderate time was also spent in the preparation of comments on several regulatory responses prepared by Kirkland and Ellis. This will also be a major effort in the first quarter of 1980. A proposed Position Charter, MOP's and appropriate action plan for 1980 will be submitted separately. /,,m Attach. Harrison B. Rhodes UCC 005685 QCMUSIT SUMMARY Year 1 97 9 Quarter < Hijar Jo* OiiljmiW jiWltW ltaltan> 1, IP* li41Ktfi W*it Criteria U t*A * <0 t't j, %f% * ]ni(tfvi Tilting* (H*. I WtSj 4. M - AetW* Tmn4 >>WJ I. XSC - from CC1S 4. OC - /ro* (CM IiUfitN* Tilling*) \ tPA - Ceeerf* Cirtlaoge** 4. M - tttaf QutlHr liatlUtttt t 9,N.T./L 74 ImaOuaU ?. OJtfagled TlHnf* Conference* TrtlivIftA iiUeinmoct jWTAlst asbestos Alvu - Cltwtlvt CcenlttM Vir4 af Directors - tofittorlM Conittoo . Technical ComJtUe * Standard* AdvHorjr Caaslttea 7. Air HooltoHwj Bound tobln BMP fesbingten Cottoqulo ), Ckitauf Sera lea I. Ccotrit trigrm 2atp Am1IB*i1tlor fFilmstIr-nee8fouortrrra** 4 94 6 12 4 116 . 4 4 45 2 42 ABsb*UpetCrsoCtosietnMt tM. o 24 4 8 32 WRLseo-hr1liakpitnsiogn0 DRietthpersher esoheeenlitentgVinstCo-i 4 2 8 12 Distributors - Unuttas Hatlurlaf verier UuuetM Keaulitary I. OSMA i. CPA tftatir Qttl-* ^r*e*> 15 IQRVI rasa HUM s. oor 4. 'erse 5. California 4. Other SUlis 6 3 ServCPicureSosvtOo*idmeAersbestoi Other ProieCpf1eaP.nr1aletnirotiin1 14 0 14 0 12 mn 38 I. School Cinia^i i. Verlin'e Ceepmutloi Conference! end Tratarng Mscillinequ* |t07MS[ CMfW rttAhiof Training hnl I Oil Mg Tqnti) 5 2 2 IS 126 18 68 0 0 0 ~TT 242 22 U0 0 68 0 12 UCC 005686 2 9 12 11 <5 ' 12 0 25 0 n/in 6iu 7 7 / i--T.1 \% 7 T1DD2 UC'14^i' INTERNAL correspondence METALS DIVISION To (Name) Division Location Mr. J. L. Myers ucc - Metals Niagara Falls, NY Copy to Mr. R. E. Byrne, Jr. File P. 0. BOX 579 *4625 ROYAL AVE., NIAGARA FALLS. NEW YORK 14302 oate December 31, 1979 originating Dept. "Calidria" Asbestos Answering letter date suoject Technical Services - Activity Report - Fourth Quarter 1979 Technical services activities during the fourth quarter are summarized In the attachments. Dust monitoring services were provided at 28 customer facilities during 1979. Six monitorings were also conducted at Union Carbide facilities including Niagara Falls and King City. The technical service group participated in three developmental projects sponsored by the Dust Measurement Advisory Panel of the AIA. 5ome 24 customer related technical service projects were performed during 1979. An updated and revised edition of the "Calidria" Asbestos Physical Tests and Procedures Manual was issued in December. Developmental programs included silane-treated RG-244, UNIVIS (oil-treated SG-200X) and production related projects. Typical properties of standard, superstandard, and high-purity products were reviewed based on extensive testing of 1976, 1977 and 1978 production materials. Mr. Fred Smith joined the technical services group in June. He has been ^^wr(T33T) programs pertaining to dust monitoring and counting projects and f laboratory techniques. He attended the NIOSH Asbestos Count Program in September. The writer attended two seminars during the year; Asbestos Materials Techniques, University of Lave!, and a course on Persuasive Communications by Nurenberg Communications. /rmm Attachments Blair L. Ingalls UCC 005687 Month October November December Developmental Programs and Plant Assistance Fourth Quarter - 1979 Requested By B. L. Ingalls S. Ramachandran W. B. DeAtley W. L. Murphy H. B. DeAtley W. L. Murphy S. Ramachandran W. B. DeAtley <3. L. Myers K. B. Rhodes S. Ramachandran Job Description Centrifugal test procedure study. Silane-treated RG-244 patent evaluation. Monthly QC composite testing. Niagara Falls plant OSHA compliance inspection. Assisted King City plant with RG-244 circuit problems. Established program for the disposal of laboratory toxic and hazardous wastes. Silane-treated RG-244 patent evaluation. Monthly QC composite testing. Pilot tests of UNIVIS production equipment at Combs and Company. rflAP-AIA specific field training slides evaluation. Silane-treated RG-244 patent evaluation. UCC 005688 Technical Services Fourth Quarter - 1979 Month October November December Month October November December Customer State University at Brockport W, R. Grace Karnak - - UCC Rep. Dr. F. Mumpton R. E. Byrne J. L. Myers G. L. Dickson B. L. Ingalls R. E. Byrne B. L. Ingalls Job Description SEM evaluation of volcanic tuff samples from Turkey. Preparation of SEM photo micrographs of P.G-144 and RG-244. Compilation of data for general marketing brochure. Customer complaint concerning moisture content of RG-244. Compilation of asbestos physical tests and pro cedures manuals "Calidria" asbestos brochure revisions. Characterization of "Calidria" products typical properties. Swimary of Dust Counts Fourth Quarter - 1979 Customer Ceil cote Cleveland, Ohio Durable Coatings Cleveland, Ohio Michael-Walters Valier, Illinois Automotive Chemical Detroit, Michigan Mica Kote San Leandro, California UCC - Lab 114 Niagara Falls, New York UCC - Lab 118 Niagara Falls, New York UCC - Lab 205 Niagara Falls, Mew York UCC 005689 UCC Representative G. L. Dickson G. L. Dickson E. J. Kleber E. J. Kleber T. P. Norris B. L. Ingalls B. L. Ingalls B. L. Ingalls ASBESTOS INDUSTRY QUARTERLY REPORT - IQ 1980 RECEIVES 1 Distribution MAY 12 1980 G. R. Adams R. E. Byrne, Jr. J. F. Collins Li.SH03ISL3fc g* p * W. B. DeAtley G. L. Dickson MAY 1 3 198G R,, L. Folkman R. F. X. Fusaro/J. J. Sibley B. L. Ingalls E. J. Kleber UCC 005690 ASBESTOS INDUSTRY QUARTERLY REPORT - IQ 1980 {J. L. Myers, 5/2/80) Asbestos sales for the first quarter of 1980 are compared to budget in the following table: Actual Tons $M % Budget Tons $ Domestic Export TOTAL 5636 2519 8155 1020 1000 2020 112 106 103 134 109 118 Record export and total monthly sales were established in March and the quarterly total of $2020M is higher than any previous quarter. Drilling mud sales made an unexpected turnaround and were more than double the 1979 average. Domestic Sales by region are compared below: Reqion Actual Sales Tons $M % Budget Tons S East Midwest South West 717 2081 2352 472 208 284 411 121 91 97 138 106 121 134 60 70 Salesmen were reduced from four to three with Ed Kleber's transfer to Al-Chem group at the end of the first quarter. Ed's territory has been reassigned to the remaining salesmen, which should improve the balance between regions. Floor tile sales continued high, partially due to unexpected purchases by GAF because of Atlas production problems. GAF has indicated continuing purchases from us at modest levels. Shipments to Kentile-Chicago continue at a rate limited only by the turnaround time of 10 bulk cars. If this continues we will determine whether or not to add additional cars to the fleet. Flintkote shut down their Chicago plant, which we did not supply, and this could .result in more business for their competitors, whom we do supply. Decreased housing starts have not affected our sales as yet but are expected to as the year progresses. Although drilling mud sales are currently high, continued pressure from our competition with their wetted product is expected to erode our market share at an increased rate. Although we have dropped the oil-wetted pellet program, we will work closely with Montello to develop some type of lower-dust product. RG sales are being restricted by auto makers desires to eliminate asbestos from all cars. Ford has now adopted a policy similar to GM but without the same "gusto". The decline in auto production will also have an adverse effect on sales. UCC 005691 -2- fay 9, 1980 Export sales were the real bright spot during the report period, mainly due to above budget sales of RG-244 (148%) and SX-24 (166%). Some shipments were carried over from December due to plant production problems, but sales have been strong through the end of the quarter. Sales to Brazil and Australia are over 200% of budget but are not expected to continue at these levels'. Regulatory activities continue at a high level although no new regulations have been promulgated. Dr. Rhodes reviewed activities during the first quarter for all concerned so they will not be repeated here. Customer and other technical service activities are described in the attached report from Blair Ingalls. After the annual weather problems. Atlas has resumed operations and appears to be supplying previous demand. Two Canadian companies are on strike but this does not effect us. Our main Canadian competitor's labor situation is such that workers could strike on 5/11/80. There are mixed reports on whether or not they will. UCC 005692 uQ 149-: INTERNAL CORRESPONDENCE METALS DI VI 51 O N T<Nam*> Mr. J. L. Myers Dtwon UCC-Metals Division u>caon Niagara Falls, NY CoDy to Mr. R. E. Byrne, Or. File P. 0. BOX 579 *4825 ROYAL AVE., NIAGARA FALLS, NEW YORK 14302 oat* originatingoept. April 9, 1980 "Calidria" Asbestos Answering letter date suojcct Technical Service Report First Quarter - 1980 Technical Services activities for the first quarter-1980 are attached. Customer complaints requiring technical assistance and dust monitorings have been lower this first quarter comparable to the past two years. Emphasis has been on laboratory experimentations pertaining to physical properties, pro cedural techniques, centrifugal, Fann rheological tests, etc. Fred Smith is currently working full time in the laboratory under the direc tion of Bob Kennedy as part of his continuing on-the-job training program In laboratory testing and procedural techniques. B. 1. Ingalls BLIrdal Attachments UCC 005693 Month January n February March Technical Services First Quarter - 1980 Customer A. T. Callas Co. A. T. Callas Co. UCC P.eD. E. J. Kleber ll Evans Products T. P. Norris Bouffard Associates G. L. Oickson Job Description Plenum emissions test on Megaloid DETOX-H-1. Evaluation of Reichhold/ RG-244 LTX premix. Prepared calcined HPO for customer evaluation. Plenum emissions tests on Epoxide and treated RG-244. Month January February # Dust Counts Performed at tus tome r Fa ciIitie s First Quarter - 1980 ______ Customer Global Plastics Dolphin Chemical Carboline Company Protective Treatments, Inc. UCC 005694 Month January II H II February n March Developmental Programs and Plant Assistance First Quarter - 1980 Requested By J. 1. Myers R. E. Byrne, Jr. B. L. Ingalls H. B. Rhodes W. B. DeAtley W. B. DeAtley B. L. Ingalls W. B. DeAtley V. D. Holt H. B. Rhodes Job Description Replicate AEC testing of 1979 SVB product. Evaluation of COF-25 LTX performance characteristics. Study of centrifugal procedural techniques. Evaluation of EMAP-AIA Specific Field Training Slides. RG-244 Monthly QC replicate testing. Chemical leached Ultra-pure chrysotile preparations for my reduction tests. RG-244 monthly QC replicate tests. Study-physical properties of Standard, Super-Standard and HP products. RG-244 monthly QC replicate tests. Limiting air velocity characteristics of bulk Super Standard mini-pellets. Evaluation of DMAP-AIA Specific Field Training Slides. BLI:da1 4/9/80 UCC 005695 231 - ASBESTOS CPU Definition The Asbestos Business includes the mining, milling and marketing of short fiber, high quality asbestos. Sales activities are worldwide and export sales dollars are a significant 44% of the total for 1980. External Environment Of major importance is the negative impact of potential Government regulations. Although not currently expected to happen, TLV's proposed by NIOSH of 0.1 fiber/cc are probably not attainable by our plant or customers, and withdrawal from this business would be necessary. If regulatory compliance can continue to be achieved, the plant should operate at 90-100% of capacity for the next two years. Component Objectives and Strategies This business should be operated to maximize earnings and maintain a positive cash flow. Capital investment should be limited to dust control and packaging improvements and minor modi fications to produce "low-dust" products, such as "UNIVIS". Plant expansion should not be considered under the current asbestos regulatory and "publicity" climate. This business should earn one-half to one million dollars per year for the foreseeable future unless precluded by Government action. Alternate strategic plans for the asbestos business are presently being evaluated and recommendations regarding the preferred strategic direction will be presented to management in early 1980. New Business Programs None. Budget Year Action Plans To continue the vigorous program directed toward minimizing needlessly burdensome regulations. . To continue market development of special products, especially those with low-dust characteristics. . To evaluate the future course of the Asbestos Business in light of Government regulations and the high prof itability of the business. . To continue aggressive sales activities outside the United States where regulatory pressures are less severe. UCC 005696 232 Financial Performance Current Year (1979) 1978 Actual 1979 Budget 1979 Est. Actual % Budget Net Sales ($MM) Net Income ($MM) ROA (%) ROS (%) Net Cash Generated New Basis Old Basis ($MM) 7.2 1.2 25.4 16.7 0.5 1.0 6.6 0.6 11.4 9.2 0.4 0.6 6.6 1.1 20.0 15.9 1.1 1.4 100 183 175 173 -- - Higher than budgeted earnings and cash generation were mainly the result of unbudgeted price increases. Plant operations were reduced from 20 to 15 shifts per week in September to control product inventories and improve cash flow. Budget Year (1980) Net Sales ($MM) Net Income ($MM) ROA (%) ROS (%} Net Cash Generated New Basis Old Basis ($MM) 1979 Budget 6.6 0.6 11.4 9.2 0.4 0.6 1979 Est. Actual 6.6 1.1 20.0 15.9 1.1 1.4 1980 Budget 6.9 0.6 10.9 8.2 (0.1) 0.2 Sales volume and income are budgeted to increase about 3% and 20-shift plant operation should be resumed by the end of the second quarter. No increase in sales prices is budgeted for 1980. Following Year (1981) Net Sales ($MM) Net Income ($MM) ROA (%) ROS <%) Net Cash Generated New Basis Old Basis ($MM) 1980 Budget 6.9 0.6 10.9 8.2 (0.1) 0.2 1981 Forecast 7.6 0.6 11.3 8.2 .. 0.3 UCC 005697 233 Increased sales volume of about 7% is expected in 1981, primarily due to an increased share of the drilling mud market with "UNIVIS" and modest increases in floor tile and export sales. The major uncertainty in the Asbestos Business will continue to feel the effect of government regulations and adverse publicity. CONTINGENCY PLANS 234 UCC 005699 IkTcm'i'AL rOTxDcNCE METALS DIVISION til /o ~h> i -rtttmo-- JUL1 51980 P. 0. BOX 579 -4G25 ROYAL AVE., NjagAgHQAlSl&lMttW YORK I .-ISO 2 To (Name| Division Location 270 Park Avenue New York, NY 10017 copy to Messrs. R. E. Byrne, Jr. W. B. DeAtley/G. L. Vessels G. L. Dickson B, L. Ingalls T. P. Norris J. E. Walsh File Date Originating Oupt. July 11 , 1980 Calidria" Asbestos Answering letter <Jate s^ect Revised Fcst 111-1980 and 1981 Preliminary Estimate Attached is a copy of the Subject as revised on 7/10/80 and submitted to Mrs. Nielsen for financial analysis. The 6/18/80 version can be discarded. The revised Fcst III shows a reduction of $311,000 from the original. June actual was $183,000 less than originally predicted and second half sales estimates for RG products have been reduced due primarily to low auto pro duction and continuing losses for "health" considerations. Tomoe (Japan) has advised that they will enter no orders for August shipment due to a slipping economy and high inventories. Our floor tile customer in Australia has reduced requirements due to a formulation change and Grace has also indicated a slowing of requirements for SYL0DEX products. Although all indications are that Atlas is shutdown, GAF will not admit it or provide any estimate of requirements if they can't get Atlas. Estimated sales have not been increased due to the Atlas situation. There have been major changes in the GAF pruchasing organization and we will approach the new personnel in early August. The new Fcst III is 99% of budgeted tons and 102% of budgeted dollars. The 1981 preliminary estimates has been reduced by $212,000. ehn L. Myers JLMidal Attachment UCC 005700 Revised Date 7/10/80 8y, J. L. Myers 1980 1 259 i I 86 I 11144 | 400 1 490 1 245 1 400 235 __ 78 ; 50 Budget J.4D Q -: 1 300 150 r cr toG <T o CO r--" LO jo 00 j1 X X CM x ro tn o CO r**" 1 c> icn o o o c oo o o co in o in o a toCM CM CO c CM c o o CM ix *3 nr cv xV) nj CC $ CTI nr qy o O' in nr o _CV r-- o CM x o CM o I-- tn o g cv <= c o O' o 95 595 52 1 360 FCST. I I 700 1 FCST. I l l [1090 | ] | 360 __ 19760 11020 Tons I 300011 480 l 1 252 1 64 1__ 15011 883 ! 1 250 27 I 24 Tons 009 09 | in C o o O o c c 3CO o o' o CO CM in K CV OY vX=> tZ CV LD oCO xnr xo O O o CM CM CM CO CO oo o o CM m CO r-- o O too CM cton CM o iCrnoM CM 1 300 cu* ox OS3* cv CM CM O xo o o in O oO Oo >J CM in CM o roo CO *3- nT kNi c tnC x r- CM vC CO CM nT CO n o nT o m xc CM CM ir co O CM to O o=r c c nT ncCrr 0oo01 OJ o CM t<oz r o m CO tmOn occv OoO' cc: cCcr: C<3M- CtoV O O c*" cOc CO o cmv o tOc' tCoO nT 1c0/>r c- Co3O- O cr rvD-- cv ocm 3 a> c to CO c cITr cn o o cinn Si Tonsl M$ 47 1 10 135 30 100 r~ tCoO to cir Cv CO x o CM o CO <r <to3 o LT> to r-- mcn CM ccor nT co cv <71 e-- <> cOn OnTl o cn 3- CO CM icnv CO o ^3 r^. ino d CM r*" CM xCO LtoO to CO to nr in O' CM tO CO CM rd occ m cv | 180 46 24 1 192 97 95 1 107 a CTi CO x CO cnCO Cv. rs tQ CM CM tn CM to o> x CM nT do cv to fs cc ^T o CO OO o o oo o CM Ol 1 to 1 r-- 1 1s t Hal f A ct Tons| M$ i 36 23 1 40 I 665 l [ June A ct. 1 Tons | M$ O CcnO oO CO - o o to to 1 1 CO O CM i 5/80 1 87 54. ro4=0 CO to cr X CO CM in COc VO C3 r-* nro x CO r- COJ-- x c CM TT CM CM r-*. OY CO CM cn ntoT l 1 r-- CO 1 183 itno CM nr OY o> nnrr r-. Thru ! 72 I 1 36 144 144 IJ |20095 |13853 120500 13900 1100 1154 515 197 961 006 10E 09 1 009 CM O icno *3- CtoO tCoO o O oo O oo CM CM CO CO CM oo o o tcno in o cv r^ ntor cn r-- CM CO Ol mro tnor X nr *3* 47 ttoo to in o XX 540 400 920 1 370 130 54 130 130 r550 1 200 1 920 | 2930 1 665 o oo o o CO CoO 166 J tn CCMY C<O3 CO Xoo CroO CCOM tccnno to X X in 006 CO CO I 2930 1 200 I CM 0 CTi 01 o o oitno o CcMn O oo oco o CO CO ooto CM J--*" r^, to to too rino r--* in CO 497 oc OI r-- X ttoo CM cn CCOO cr CO 3001 27001 to CcCnOM 2900 oCO o T-- oo o o r**" 400 moin <v . ... 200 [009 ! 230i z i [ 32 | 78 [ 34 176 39 C<c3Oo- 1-- o CM C7l ro CO C!O3* CcV ro--c o CV 1 1 69 Cr^M Occl X CM Xcc <ovt o [4630 1 934 18 L 1 69 16 o CM CM nr r" CO CO cc CnVr nr CM cov <= 230 | CO CO X CM to X Xcv X X T CO cCoO c X 35 1 CM X CO - CO cov cc to CM rr 62 517 469 120 44 548 39 1246 1 229 I 1453 723 323 | 40 1 859 | 4837 | 620 [ 110359 | CtoM to in in nr in <Z cv CM CM CO o nrorfv O CM <3CM CM - nr cn c tn 57 CM 63 76 201 23 I cnCO tor^ oo X 00 GO - 00 to CM in o cn <o i-- r-- CM OY CO om CO 22 460 275 416 irno <o rvj CM n LO CO <T Xncor nnrr innf o o Cm CM 3462 9815 [ 3000 296081 7028 130054 1 oo o X too c*0 x oo oG nr cn oO CO ro in ctoc c ccrr CM Xco cn X CM m o tcno CO CcVoJ X o to X X ltot--oo 991__ to CO CM er> _ o X r* 2359 775 o o 00 448 |15421 I 3659 I 7196 1 5062 CO CM ninr X CM to O CM tCoTv f= in CVI CO nr o nr nr cn cn CO 450 11033 650 1982 CAUDR1A" ASBESTOS SALES FORECAST H I 1 40 18986 i l 642 35 | 50 239 55 I 40 ! 180 1 1059 [ 38 1 326 1 Total Export TOTAL [| 96 l __ __ W ` 3U 1 081 1 90Sl HPP-EX HP0-EX T - 135-P - EX | SX-24 l | T otal Domestic 1 E xportI 1 SG-102-EX 1 PRODUCT | - Domestic 1; SG-103-5 1 S6-104 .I 1 SG-130 1 SHUR rv C7 ti aCO CO o i oo </> r oo o o tr o o tr CM CM 1l a. o r CO o O- <x CO o CD CO x * CC " OC X } oo CM 1 CD CO " XX UJ LU o oO O CO t o 1 CD tn " in * X UnT1J nT nr XIcJ nnirr i 1 CM t CD CC Xto C(XD - o C0CM0D) J | 1; |: UCC 005701 UC 149-2 JNTiSNAL COi?SS5?ON3;iNC2 (^^5 F-FjZ ?A7AI5 DIVISION To (Name) CfWsion Location F. J. Shorts!eeve/R. W. Rebholz UCC-Metals Division 38th Floor 270 Park Avenue New York, NY 10017 ccoy:o Messrs. G. R. Adams R. E. Byrne, Jr. W. B. DeAtley/G. L. Vessels G. L. Dickson T. P. Norris J. E. Walsh File P. 0. SOX 579 **625 ROYAL AVE., to IA 3 ARA* r*AltSTTiF.V YORK U302 Originating Dept. April 7, 1980 "Calidria" Asbestos Answering Set ter da:e sow** Revised Fcst. II Attached is a copy of the revised Forecast II which was verbally submitted to Mrs. Nielsen and Mr. Vessels on 3/27/80. Please discard the Fcst. II sent to you on 3/20/80. Although several changes were made in the March estimates and on individual products, the year end difference is only about 2% less thain the original Fcst. II. Because of unexpected shipments and export invoices which cleared late in the month, March and IQ estimates on the attached sheet are somewhat different than actual. Following is a comparison: IQ 1980 Sales, $M Budqet Fcst. II Actual Domestic Export 960 966 1018 746 988 1002 Total IOr-/lL-/h, p.+t 1706 1954 2020 John L. Myers JLMrdal Attachment UCC 005702 130 108 : \\ . '*-4i *Jj iS <> ^r; 10 00 coivoiof r--' r^.m \J | CO! CUi O tn:ao M! i co;-- r--: 0 cn ! in * * t (S!-- JoL "Mil I 1 1 ; CM CM' CM* CM 43*1o! O CO OJj O i'"r 01 OV CC 'r|j 1 Jvo-lo r*Mco 1 T1 1 _' o x> N, Ai X ry > 3OJ 1 !a p-j o-!*a- 0 CO ov 0 *sd- 0 ln sr CO m r--. cn CM CM 0 cn VO m CC CM ii 1*o 3 13CO tn oj ojo c 01 do o r--I Ln CSJ O0 O ST m of tn 0 vo| coj in ojo O r-J cm CM CMjcp CO O Ol O O 0 cn CM O0 in[ CO vo 1*- cm!H cn " >-- 1--lin JoU O oitsi m 0 0 O CO CO CM VOILO CM Jr-*' mfl CeMi tr cn VO CM vo o>i tin r-- CM oj r r-- f-- CO 5LJ 1 1Lu c/> ojo T uolr-. O r--jCM J-- CMji-- cJojo a a a 0 0 in O S.I o|o O 0 vo 0 c>vJr^ijco co nr 0 CM CM vn CM 0 CO " * OO Co r-v r CO r-* CO 0 0 ro CO cc VO 0 CM CM CO 0 CM CM VO CO r-- r-> cn ojo jco CM ST cr 0 Sj* 1 cm: CM 3D 0 .O 0 o- ro 0 r* 0 CO CO in CM in 00 O c0 O m G VC O cn vO CM jo VO 0 VO CO CO CM ivn J- CM > CO 0 CO r- m 0 r~~ CM co O 0 0 0 <r 3J r*- CO -to Sf r-- r-- CM CM VO CO r~ ro CO CM s o* CO D 0 tn 0 v O 0O 0 a ^r in co Cw VO CM O 0 in cn vo 00 CM CM 00 O 1 in 0 VO CO CO CM LO 1-- CM -i rJ -* CO co CO in 0 CM CM 00 O 00 2 1feO- r-. X 5 r* CM vo CO r- a> 00 AJ CM CM' 1 1CM Ha 3j c O oio O CO 0 r-* 0 CO ro tn O' in- 0 0 "10 O O co CVJ O o> VO r- CM. 0n 5 1-- VO CO CM n CM 00> CJ dco j -M CM CO cn a m -=r <r'CO' 0 CM O j 4*Y 1 E s: 5 <Tfcn cm CM vo CNJiLO a> .i > w UJ MO C uO 0 r*- CIO 0 ^co 10 G VC 0 co 0 0 0 0(00 CM CO O JCO- 0 O O LO 1O CO CO cvico i o* " [cm. CM j 12 V4* CO c\j Lo CO 0 tr> 0 CO CM VO CO pJ 0 ro ro i/> SI LU CM cab^ ro CM |H a (A CM CC^J' CO 0 O' 0 cn vo O s C CM CM CO vo CM M* O *1 1J J-- tn cn 0 CM cc CO 5 CO 4 UJ X CO CO CO CO m CM cn <r 0 rx CM CO CO O 00 c 0 cr r^ in CM u. CM 3oci in cr GO CO CM CO CM O VO 0 00 CO or 0 O z c S3* CO CO CO VC in CM co VO r-- * * of n- r-. co CM cotn 0 cn CO ol co O0 r- col G C\ i r*J r--* in *" 1*4cn cn of CO O O 0 O cil 0 CC ,--: t Ojr-- 0 C 0 CM O j c t r-- 4-* ro 0 0O ' 3j CO OJ <cr l r-- co LO - p| ss* VC oto oj CO m r-. vo CO CM cn CO VO co ro tn CO * ro vo 312 ?1jl-O cr> 0 O 0 O O 0 LO O oj 0 cjo O in O CM co VO S tn cm| cn cn VO cr lo ro CM |CM 0 r-- CM i 1- fe 1CM =! r- ro UJ CO ro CO CM cn VO CO CO in r-v VC VO m G CM cr O <0 c CM r-VO co Sj- ro 3[O ten ten 00O 0 tn O vo CM CO O CM O ro cn CO 0 r-- g CO 0 co CM c c 0 CM c r-- 10 CM S * n in 0 Ol 0 r> r*- 0 O r-. VO in tn G Ho1 vn r r- cn CM CM r-- <0 ro cv of CV CMI CM CO r-v o> 1 co CO CM O CM CO vo si* Sj fx VC sj 0 10 tn VO co cn vo CM VC CO IT r% r*> r-- r-- sf CV CM r* 0 . co O cn CM - cn co CM <0 VO VC <0 tn r-- CM C\ 00 0 CM VO CM CM co a: ro CO co^r * 00 cn 0 CM O O lO sT cr. O 00 tn r-v O 00 VO CM to co ro 0- CM r"* 1r^, O O cn vT r-. VO in < * r* O O cn CM CM co ro CV CV CM 0 in CO cr <M r-r CO CM O CO cc <n CM CO O CM O CO m vo 0 O vo 0 CO vO siCM sa r-* ve ro VC CO ro O r^. CM CM CC f-- co cf CM 3vo CM CM rs n in CO O r^. CO ro vo cn CM < * 0 vo CM vo in a> CM CM CC cc LO in CM O CO CM CM CO CO CD r-- CM VC r^. VO 01 <0 ro 0 -* O r-N CO tn cO CM in svg sf r-- CO 3CM vo rro 0 cn Cm|<X co co O cr CM CM r-- CO CM CO OO VC CO <0 ro m p-- in 0^ O CO O m O sj" CM ro VO n CM CM CM to CM r-. CO CO r-- r^. CM 1 3 3c CM CO 0 r- h- ro VO VO in r^> O 0 in ro CO CM sr in CM VO * S* vo VO CM CM 0 0 in CM <4- co CO co r*^ <0 O G CM CM CO CM CM CM r- ro co co <0 sj- vO vn CM T'- CO in r" " ! i ii i i! 11 '; ii 11 ! 1 1. i ! 1 1 1 t 1 1 i 1 j \ 5| H- i <i =? a ! o !! 1IT) r*-. cn 11 X1 CO CO co sr 0 0 O 00 ^r 0 0 O 0 O O CO 0 0 0 CM CM CM CM or 1 1 1 1t/l O 0OO I CO CO t CO Ou 0 d. a_ 0 1 0 <h ci ib cn e> CO tn 10 1/1 CO zn oc cc cc tn O VO w: . ".. .... M 1 2VI 1O 2 xO 1O *7 T 1 g T0 +> . X XX X UJ X 1- UJ UJ UJ t UJ +-> V. O O. 0 ci 00 0 0X CO UJ CM Cl. 1 a* sr UJ VO sr ST =r ro CM r c. t 0 C3 CS to Q_ tn <n vo C " = X CD on ... io T''-- CSI-CN) ><1^3 .1 UCC 005703 ^J SO a X UJ 4rz -> -O ... ?r__ i 0 1 ! 1 fti-F OAfc/ e= rt A . ^8 6 44^ + *,i ?/-v^*t. *%r cImj* 'ftft t J *W| <^m, /t>/ &SSOC ///o dw&tAz^ cut!? ^tAiJul *Z **ej& & lel /'* * ^^-tAJL^U >- ^---- *>----------- ' /*S^. /</lol^ ,/ OCii4-~^a. -<**tll stf'feu*. *uvt_ ts&trA)p + tL* *6, ** 0 f?JS UCC 005704 FTS -- V""" Written Consent to All the Directors to Actio/ ____ Taken Without a Meeting___________ at1 ,il l WE THE UNDERSIGNED, being all the members of the 0ajlh_, Board of Directors of Asbestos Information Association/ . North America, a Corporation organized and existing under CVCm2/> the laws of the State of Delaware, DO HEREBY GIVE, OUR WRITTEN consent, pursuant to section 229 of the General > %Q0<3 uf Corporation Law of the State of Delaware and Article VI of> the Corporation's By-Laws to the voting on the resolutionsa set forth in Exhibit A (attached hereto and consisting'of _ one page) without a meeting of the Board. This written (7n W Consent may be executed in several counterparts, which to gether shall constitute a single document, and shall take (iUM<S XjJbuCtr\ effect as of the date set forth below. crvu. i'rj &. The Secretary of the Corporation is directed to file this Written Consent with the minutes of proceedings of the Board of Directors. I hereby vote for the adoption of the Resolution in Exhibit A. M 11 1-98Q 'HORTSLEF' Ch^bk one I hereby vote against the adoption of the Resolution in Exhibit A. Date; . 8, X?/ioo4-s ' Director, AIA/N L/.u/crvt Company 4- 93p-4>' * Return to: Executive Director (Secretary) Asbestos Information Association/North America 1745 Jefferson Davis Highway, Suite 509 Arlington, Virginia 22202 UCC 005705 EXHIBIT A Whereas, the Board of Directors in meeting, December 12, 1979, unanimously agreed to poll the directors by mailed ballot as to a proposed Association budget for fiscal (calendar) year 1980; It is hereby resolved that the Asbestos Information Asso ciation/North America budget for fiscal (calendar) year 1980, as presented and discussed at the Board of Directors meeting . on December 12, 1979, totalling $1,013,400 of which $994,900 is to come from membership dues income, is adopted and authorized. 0CC 005706 th)$o -- 4 g ft S cltc S I $7 ? $? j 0&-o \$eo 4, UCC 005707 JC \^9-Z ;A27AL3 DiY!$!OM to (Name)MDr. F. J. Shorts!eeve Division UCC " Hstfl 1 S Location 270 Park Ave. - 38th Floor New York, NY Copy to Messrs. G. R. Adams R. E. Byrne, Or. W. B. DeAtley Mrs. T. Nielsen Cate Originating Dept. October 10, 1979 ____ ^ 11 I.VS "Calidrla" Asbestos Answering letter date Subject Preliminary 1981 Sales Estimate Attached is a copy of the Subject which was recently requested by Thelma. The following comparison should put the numbers in perspective: Domestic Export Total Tons_______________ 79-IV 80 Budq. '81 Est. 19250 9555 20095 9815 21600 10400 28805 29910 32000 __________ $M '79-1V `80 Budq. '80-1 '81 Est 3644 2996 3853 3000 4178 4380 3260 3525 6640 6853 7438 7905 Under $M, the column headed '80-1 is my "private" estimate reflecting price Increases averaging 8.5% which I hope to implement for 1980. I have not yet submitted any price increases for approval. Domestic salesmen have basically concurred with my proposals. Bob Byrne is checking Tomoe's "pulse" and I have advised Grace-Europe by telephone to expect a 9% increase (with no strong adverse reaction). Thelma will not use the 1981 estimates without your prior approval. UCC 005708 .I fr * CALiDRIA ASBESTOS PRELIMINARY SALES ESTIMATE FOR 1981 [JLM 10/10/79) Product Domestic SG-103-5 SG-103-7 SG-103-9 SG-104 SG-130 SG-200 SG-200-X SG-210 HPO RG-100 RG-110 RG-144 RG-244 CSV SHUR Total Domestic Export SG-100-EX SG-102-EX SG-130-EX AS-200 HPP-EX HPO-EX T-135-P-EX RG-144-EX SX-14 RG-244-EX SX-24 Total Export Total Tons 2500 1500 200 10000 500 400 2000 600 1200 400 300 500 500 500 500 21,600 T 3200 600 300 1000 3000 700 100 350 150 400 600 10,400 T 32,000 T 300 180 24 1050 85 61 320 132 264 202 72 280 1250 80 80 $4380 M 400 74 49 144 552 154 65 196 59 920 912 $3525 M J $7905 M *Dol1ars are based on prices expected to be in effect on 12/31/80. UCC 005709 \ t ASBESTOS BUSINESS \ (OLM 10/24/79) Definition . The Asbestos Business includes the mining, milling and marketing of short fiber, high quality asbestos. Sales activities are worldwide and export sales dollars are a significant 44? of the total for 1980. External Environment Of major importance is the negative impact of potential Government regulations. Although not currently expected to happen, TLV's proposed by NIOSH of 0.1 fiber/cc are probably not attainable by our plant or customers, and withdrawal from this business would be necessary. If regulatory compliance can continue to be achieved, the plant should operate at 90-100? of capacity for the next two years. Component Objectives and Strategies This business should be operated to maximize earnings and maintain a positive cash flow. Capital investment should be limited to dust control and packaging improvements and minor modifications to produce "low-dust" products, such as "UHIVIS". Plant expansion should not be considered under the.current asbestos regulatory and "publicity" climate. This business should earn one-half to one million dollars per year for the foreseeable future unless precluded by Government action. Alternate strategic plans for the asbestos business are presently being evaluated and recommendations regarding the preferred strategic direc tion will be presented to management. New Business Programs None Budget Year Action Plans 1. Continue the vigorous program directed toward minimizing needlessly burdensome regulations. 2. Continue market development of special products, especially those with low-dust characteristics. 3. Evaluate the future course of the Asbestos Business in light of Government regulations and the high profitability of the business. UCC 005710 2- - 4. Continue agressive sales activities outside the United States. Regulatory pressures are less severe and a higher percentage of high-priced products is sold through foreign affiliates and distributors. Financial Performance Net Sales Net Income Cash Flow ROA 1978 Actual $7. aw 1.2 1.0 25.4% Budoet $6.6MM 0.6 0.6 12.1% 1979 Est. Act. (8/1/79) $6.8MM 1.0 1.0 18.6% % Budget 103 167 167 154 1980 Budget 7, o h n $6<9MM o.d O.H s 1981 . Forecast $7.9MM Current Year (1979) Higher than budgeted earnings and cash generation were due primarily to price increases and favorable plant costs. Plant operation was reduced from 20 to 15 shifts per week in September to reduce product inventories. Budget Year (1980) Sales volume and NIFS are budgeted to increase about 3% and 20shift plant operation should be resumed by the end of the second quarter. If anticipated price increases are successfully implemented at the beginning of the year, NIFS will be 8.5% higher than budget. Following Year (1981) Increased sales volume of about 7% is expected in 1981, primarily due to an increased share of the drilling mud market with "UMIVIS" and modest increases in floor tile and export sales. The major uncertainty in the Asbestos Business will continue to be the effect of government regulations and adverse publicity. UCC 005711 1980 C O N TIN G E N C Y P LA N S oa SI a. U U 0) Q *(c-T4j Ph c4) > H ScO *r4 O < <cd a s a(oH >o O <0 > jS s n 31 co O 2 UCC 005712 L o ss o f V o lu m e Sales Loss o f Sales to C o m p e titio n Due to U n favorable P ric in g Reduce P ric e s o r C u rta il P lant P ro d u ctio n I (S M ILLIO N S TO .X I 'lA C h ld d ActOUAII Hcciv4bl DivcuuAtsd 272 - CO *1 \o cn es On cc n* h on o^ n n HH H n Oih O O n Z o H U_Jl oU.i o * OOffl xH< 0 IO o2 e u. o in H< E Ul Z w V) uj ui J AX <o s2 5g; Ul 7 E5 ZZ --" Ul UJ 22 2 O <s 40 z/U-J 2 q fr O t H Z z ui K O H S -I- E< O>: <Ko X P1z< 2ou ui5 i<2 oz u(J ece --t- OaS. uu.i Ul Ul Ul 200 _ Ul O X I/I -<i t- Q 2 O " < *" a. O Ul UJ XX uo UJ Ui POzg -o -o 35 a.. Ui to E H < < Ui uj XX --* >^zzzowzwwz E X < CJ mJ LU -i Z 2 S; 2 13 O ui Ux <zD- q 2 O vi HKXO Ss >o o>o>o>>o CO O fl3 CD B I {til Q5 ui > * x< > o!3 J2 ll oUJ Ml Ul to Ul E ui <"* lu X-- 52 tx Op O ">< & oS1 O 2 > S Kui . /* Iff ut. "a * m if--fi on n svoi N0 N no <*> + m n <t \o NN *M <0 in to ^ -4* cn sJ- 'O 4* wn C"> CM CM <n *o \OCOO^rs CM Npt'f ****' n irt UCC 005714 // ASBESTOS BUSINESS (JLM 10/24/79) Definition The Asbestos Business.includes the mining, milling and marketing of short fiber, high quality asbestos. Sales activities are worldwide and export sales dollars are a significant 442 of the total for 1980. 'External Envirron..m. ent i Of major importance is the negative impact of potential Government regulations. Although not currently expected to happen, TLV's proposed by HIOSH of 0.1 fiber/cc are probably not attainable by our plant or customers, and withdrawal from this business would be necessary. If regulatory compliance can continue to be achieved, the plant should operate at 90-1002 of capacity for the next two years. Component Objectives and Strategies This business should be operated to maximize earnings and maintain a positive cash flow. Capital investment should be limited to dust control and packaging improvements and minor modifications to produce "low-dust" products, such as "UNIVIS". Plant expansion should not be considered under -the.current asbestos regulatory and "publicity" climate. Budget Year Action Plans 1. Continue the vigorous program directed toward minimizing needlessly burdensome regulations. 2. Continue market development of special products, especially those with low-dust characteristics. 3. Evaluate the future course of the Asbestos Business in light of Government regulations and the high profitability of the business. UCC 005715 UCC 005716 1980 CONTINGENCY PLANS ($ MILLIONS TO .X) Includes A ccounts Receivable Discounted I <Y L 272 oo en oo cm O <n ^ <n *n n* n # H(f) 'O O OOX f--4 r-< -4^ IAN z o 2 y> in UI UJ 5j X <o 2 O -3, *1^ >>>>> OCO OX OX OXO0 c o [2t >) ) J a. UJ o oc*oo a 2 < 2 O x u. UfO-J X< UJ 2 "a{c2n xo >% s| UxJ 7 22 UJ Ui C/5 CO << UXi Uxi uo Ut UJ t2 O ui 2 t <3 Ui H~ I-- a i2n O>2E Si 2 ) a3 <a >O wt- Ui UJ rJ 2 X2a% Q fi IlI 2 Q5 > *" X < > UJ O UJ LO tHo U(AJ 2 UJ 00 2 o UJ gsj ) o 1 s ssu.g s5 o1 2 uj ui uj 2Q a Ui XX ui u. UJ O x uj X >- O 2 O < <X I? Jr ?> 82 9 Ui CO < Ui oX 2 9 UJ (/) < UI Xo 2 <^ 2 => -- 2g v-- X O X Ui X K. 3 Uly" < \0 H O N ON -- ^ up \o 01 <5* ia t H NO f- 04 H ^ H \O.H CD ft vO m ui n h ^ n {ACSOlAN H (O SO -- <n <n w cn 04 I tn ui 04 rs. * o o <r n 04 m <r >fCOOsJ <n m UCC 005719 , gyW.IIII'1JWflPgpw^PWpp II .limiJIMUllMlI-- I I 111 y -v ~j2> r <th> 79 SEP l 4 <^7 VirCCiJl. -- r'<iSS: A IPolXuJ- ciL,<-e 'i'-e^'kzji'v'e e^cy^<A,<^. lu^uJ^o-As ^p<v cXsA^sA/r ^oJXs iooud^t /5 (2!^e S^pcvv dXtXy ^-cx~ 1*9 S&, 2XcX~ ^C^*c -L/jO^Jf^4^U.cA} Oy)S JLsceX 'x'l'ioj'y^ cuX X huvu*. ad*LeJJ a. *HuX$ uxL'cL. (tcHtv /j/ Ke5 "tffcfd. yL/o co&iocl-u. ti ^jyOsS a. Ml 4 ArdXaX CUu$ /9& Qudjyjfl 'Th-Usj vncx^/ /a-e street V^-vfe> ut^e jjLiA^tJTvn^ V<0?- V^/d Ct^C~OCUts/^ / 9 /*/ * /4 (t <z A^iXtfSu-s Xy'. j^. '/&. as bzT&'z hus/\e.s.sr /H" Cs^u-aT i SrL^u^ (t) UjJjyX y) u.^>-L&vs 0-2cit *-ej to a- 'b^aP vjJlUdL Xo /OS $o /979 <ff's/, i^X/XLed?,, tU &i. -od <2x2Jlc/tdXLy JLz-cu 5/ nee. X c/,C/ it of CL-ekJ /VI /". ^Xvwi'^it. C^l-C&-J Xum.6 . IxiA `ItS-cM sc/ 2/ >y\U%f' UXU 4L V\ Uu-i-^OiWS aS. /'s . iOfc <3>y/cZ>v' ^ I y^Ui_t f hcXcbJ? &iA2+j ^x <^- <a. seoy'e^x-y / Q 3 ^>' OuJ? 'Ika aXe_ S * 9m i" t Cu.<jt O '-fLov f^(LllcA/ S' -- \>o-H- v. V r>. f 'j-yP-lcb^ u) 15-ciXsJ/ / fr'f/ A r/ A cliJX'CuJiT Co olcX/e^v'a C^/4^a<jf' ci^^ecjft "file &!/-&''(& dsJriasT&s touSito&SS. ^ cr/f< L/C* f ( 95* / ftclu-des. /f)v, Svn/ 'r4 J^<- V^. ^d2 cyL^L^, (x><2^2- e-S.-LmaXX / H^ tust! Jol^tLLoaXXX/-yy daJjpp /hiujL *99---//d0^ ;/ cJ/ *k1 rft\ -e-. -- 7^ /<? <av-e. A. &j- ^ r_si.~ heJcJL . I VY\ U-S / &X-<-C> lL3^ S-^^reXLt-^j j X oJ > V7 "/vy XJT 2: Ql*{cuuj^gL. uJi/JL. \)\c-k- \^dL^4t Zo sALzisfte- ' l" ty\y '~EsC*- '^J^CA&^OLmXclX UXB^ffcloaX C-JSX UCC 005720 tacS-Y 2vwv<<3 -^y Ltj ! ^T- c(S ^ i)ud~j ixii^ Cl SxzJzC. %-ttvyi M^d^a V\ G-e-cJ l&YYjUsL^jZ. ^>JLc{~K-e. CCJ ,, QbCttO) Plo-us* P- P, / %i ^v-fl&sYie. S (o qo^) (<z)cci } AcdtcaJ* Pica ipluS \ej<z^sJ< cud &-> (ju\Ai^L^^-^ACUil 'P'foducJ'^^dicf vne^ct' V Pel VruSM^j CtJ<&*-JU@ 1*4- a^- u)<zMjid) p-Codo~C<~S id -{e^tKjdt (dteept ClM-Jt A SSoCiqj^O^pffcajb ChS cbw-tiJPfpvrt&uH . ^Pd.^dU^)ir^ i >r\ ^'(Odduje^jf CO&Yp uJ<t*idt (pi iiiso e P\cLi,cL- , 06 "3/ '(Ziv'eJ ' l a 'Pujpi~ 2 t ptu-> sS <3stfcLu} Pl_ fo Us/M- I W-i^y\ccMls-<^-<siP CU'y^.^x^LJt^oLcjl. crz*-~ /hieslts j yi\cu^ 5-6 "3 o / / u. yt n j I&Ja-j . ZT <xr&*-JiJi cl1s ur*'(e ZjuVt^pj-, ^vt_ iP 6 *PP X- cU <S-<Sl 4 /3 ihriBcy^c- %X /. /- *y,V ra-z,/ /(LsMaA-a cC^-l, ' j> CU&jiJZ^CdL~* Va2j cCyj cJSCU-l*/ptet-etdtzS. a^S y4* <^2^r' (Le <JeJo-ff> S ^3 ^5^ /V ^ *-> p^_ fj' Ss--` ^ ito u^e-^MT l,Kk.Uu^5--iS> 'j'' CL-C'`Vy~s Vva < /fvnjZc^ ^L-Ow piLtLSe. -Y)u,u* \xcy% 7 VKc| SclJ<2^/ =>'> U-i^As CaJLaJdl.y 6' ~hc<L ve i/,'i\y /C - / T //' st? (_jj, M^. Cl. 3 5c? z' ,yP g^x-i~s <X^v-<r! '--yp 1/ _ J CLdf^M/ /'(J'/'CO t>y w -v-_ /0~s'a blLLtk- 'Jj, VA_ . -7 V _S-Oi `P (LeZsL*. >tAj e-- <U_ oc id S 'i '-(C-L-V-e. Q.^C. (CyoS^'c. Y*LlZ, S o`>? S C2^ So . U-? &~cULtQ [`'M. Mid- GJ)/pj?yix~<. m/ j o(sc YSU-^ hdMtje.J*S Uy,Md- t^,Q-<-^. MMy Ci^y'cd <a^/; Acct No. 003 060 065 090 131 142 181 350 365 412 413 414 415 416 418 419 460 492 171 172 532 580 ASBESTOS SALES, DEPT. 0623, $M Acct Description Salaries Plans P.LV Taxes SUBTOTAL Office Supplies Safety LD Telephone-Outside UCC Promotion Samples Co. Auto Exp. Leased Auto Exp. Conf. & Conv. Business Meals Entertainment Domestic Travel Foreign Travel Auto Leasing Training SUBTOTAL LD Telephone-UCC LCL Telephone-UCC Rent, Atlanta & LB NF Charges SUBTOTAL TOTALS 1979 Budget Est. Act. 200 174 40 35 02 10 9 250 220 11 11 77 55 67 11 58 10 10 9 11 01 52 53 56 78 25 111 124 7 14 45 88 43 43 62 70 423 414 1980 Budget ReaVs^'c "103%" 174 169 38 37 20 .10 9 224 215 11 11 87 54 7 .4 00 98 10 8 12 10 21 60 50 20 99 50 131 103 15 10 65 99 48 48 78 72 433 390 Personnel Included - Exempt: GLO, EJK, JLM, TPN, JEW (5) Non-Exempt: DAL (1) 9/11/79 UCC 005722 Acct No. 003 060 090 131 181 357 368 412 414 415 418 419 492 171 172 580 ASBESTOS TECHNOLOGY, DEPT. 0624, $H Acct Description Salaries Plans Taxes SUBTOTAL Office Supplies LD Telephone-Outsi de UCC Prod. Development Tech Service Co. Auto Expense Conf. & Conv. Business Meals Domestic Travel Foreign Travel Training SUBTOTAL LD Telephone-UCC LCL Telephone-UCC NF Space & Svces. SUBTOTAL TOTALS Budqet 74 15 5 94 1 1 40 30 0 1 1 12 0 1 87 4 3 65 72 253 1979 Est. Act. 98 20 7 125 1 1 10 25 0 1 1 12 0 1 52 4 3 65 72 249 1980 Budget Realist "losr 123 123 27 27 88 158 158 10 11 20 15 30 27 11 21 21 15 10 50 30 80 56 54 44 71 71 80 79 318 293 Personnel Included - Exempt: REB, BLI (2) Non-Exempt: RJK, RMM, FLS (3) Hourly: One 0) 9/11/79 UCC 005723 Total 8 10 1 50 48 392 293 169 123 37 27 0623 M M 1980 "103ST Budget CM M N r- i-- cO r- oo iji i-- i-- o o cd o o <j\ cd in a> K0 r- #-- CM r-- tO oo CM to o CO O O r-- o in o r-- o f-- r-- o o o o O CM *3* o r* rv. CM a* r- i-- o o o 00 o CD O o in cn r--- T o ta l 0623~ 0624 1980 R e a lis tic Budqet 'T o ta l 0623 1979 E s t. A ctual in CM 00 CM r-- <D LO O CD lO CM r" CM OCO r-- cm cm in r-* Ci CO o O O Ci f-- r- Is* CM r* r-- tn r-** co O CO r-- O r- O O o o -- ocMCvjotnLnorom^O'-- CM CM CM co -- oo CO CO CO CM o r-- 1-- r-OOinOr^OOCTkOCMCMOCM f-- r-- ID CD LO tn r- ID <31 CO CO CO CM in CM lO CM r-- co in o in i-- r-- CM ln i-- CM oo -- cm -- in 10 co m co co co oo r-- i-- ID f-- o r-- CO lO lO CO O O Ol CM r-- O r-- o O O tn o O r- 1-- OCMOOl-- 3-COOm CM i-- to CD CM in CM CD 1-- -- f^-tnor^O^-ODOi-- 1-- co to co m ^ in co co co to r-- 03 "Q tn M 03 o 4-> c </) o o wo <S) 3 <Ji 03 c r-- o 03 <D o E </> 03 in 03 r-- 1o r- 3 S. c: CL r---- +J > O) I 03 **~ l~ 03 o 03 03 X > m c <o > 03 c 4- CL d 1-- o Q. UJ c: OJ o S- <o d o 4- o_ o E 03 X o z: E h- i- to o. n: o in o .c o > > LU i. cj c h- 03 Q. 03 in oo CL L- 03 i- rt3 10 o to CD CL 03 CO o 03 o D- o tn 0) o os to to *T-- c 3 c: 03 r-- --1 -r-- <13 >> *-- a> oo m a> L-> 4-> CD 03 r 03 q- S- l/ tn u +-> <u to p*" o 03 c S- to r-- _i c 0) f-- *3 4- co c QJ r- 0) 1-- aj -O CL .d to 4- *r* 03 03 0) r-- H o r~ tn > X 4- 4- r*~" o E o fd c to -M E L. s_ fO --r r" 3 t-- __1 ta 4- ra o L. rd a> o 03 o 3 c: o o <T3 L- o OJ u. to D_ a. h- o tn --1 to CL 00 J-- CJ ___r o co LU o LL o 1-- u < z. J-- r--CO o tn o r~-- CM r- o r^. tn co CM CO o 10 10 CD co d" co tn in to 10 f-- tn to co CD o CM CM CM o 10 CD r^. IS. CO CO o o o o r-- p-- CO CO CO CO *3- <T ^3" r-- in n UCC 005724 i-- <3 to < f-- o h- CD r- f-- X CD 0623 Acct Descr. Acct No. 4;c KJ-r' INTERNAL CORRESPONDENCE y -r-e? S /3 y 7' ! ^djt. i 2 '>"J " METALS D 1 y I S 1 O N to (Name) cotton Location Hr. J. T. Kelly UCC-Metals Division 38th FlOOr 270 Park Avenue New York, NY 10017 Copy to Mess rs. G. R. Adams R. E. Byrne, Jr. W. B. DeAtley 0. J. Malacarne * P. 0. BOX 573 -4525 ROYAL AVE.r NIAGARA FALLS, NEW YORK 143B2 w July 10, 1979 originating Dept. "Calidria" Asbestos Answering tetter date 5/20/79 Plant Capacity Sales Program Attached is a copy of the Subject as referenced in your letter dated 6/20/79. Except for RG-244/SX-24, this is a practical optimum sales estimate for capacity plant production. There is no way that we can sell 1800 TPY of RG-244/SX-24 unless there is a significant change in the status of the health/regulatory question. John L. Myers JLM:dal Attachment UCC 005725 PLANT CAPACITY SALES PROGRAM (JLM, 7-10-79) Assumptions: 1. Regular plant capacity 33,000 TPY 2. RG-244 " 1,800 TPY Product Domestic SG-103 SG-104 SG-T30 SG-144 SG-200 SG-200-X SG-210 HPO RG-100 RG-110 RG-144 RG-244 CSV SHUR Dorn. Total TPY 6000 10000 300 200 500 1700 500 1300 300 400 500 700 1000 1000 24400 Export SG-100-EX SG-102-EX SG-130-EX AS-200 HPP-EX HPO-EX RG-144-EX SX-14 RG-244-EX SX-24 Exp. Total 3000 1000 300 1200 2500 700 400 200 400 700 10400 TOTAL 34800 UCC 005726 UCC 005727 UC 14S-2 fi** INTERNAL CORRESPONDENCE --------------------------------------- METALS DIVISION ,* It ": P. 0. 80 X 579 - 4825 ROYAL AVE., NIAGARA FALLS, NEW YORK 1430: ro (Name) Division Location Mrs. T. Hi el sen UCC-Metals Division 38th Floor 270 Park Ave. New York, NY 10017 Copy to Messrs. G. R. Adams R. E. Byrne, Jr. E. W. Shortridge File Cate originatingoept. October 24, 1978 "Calidria" Asbestos Answering letter date Subject I960 Sales Estimate Attached is a copy of the Subject per your request. This is a conservative estimate, similar to the official 1979 Budget, and does not reflect salesmen estimates or objectives. Tonnage is essentially the same as 1979 and NIFS are increased about 11X, mainly due to anticipated price increases. OonrrL. Myers JLM:dal Attachment UCC 005728 PRODUCT Domestic SG-103 -104 -130 -200 -210 HPP HPO CG-135 RG-100 RG-110 RG-144 RG-244 CSV SHUR Domestic Total Export SG-100-EX -102-EX -130-EX AS-200 HPP-EX HPO-EX T-135-P-EX RG-144-EX SX-14 RG-244-EX SX-24 Export Total TOTAL "CALIDRIA" SALES BUDGET - 1980 T 4000 8000 300 400 . 600 100 1200 100 200 400 600 600 2500 1000 20,000 2000 1000 100 1400 2500 1200 100 300 150 300 430 9,480 29,480 $M 480 850 50 50 120 20 250 80 100 90 300 1300 370 150 4210 250 125 15 200 440 240 50 150 50 680 610 2810 7020 UCC 005729 3NTSSNAL CCRHSSPONDIMCS M2TAL5 DIVISION ro (N=me) Division Location Dr. F. J. Shortsleeve UCC-Metals Division 38th Floor 270 Park Avenue New York, NY 10017 copy to Messrs. G. R. Adams R. E. Byrne, Jr. W. B. DeAtley G. L. Dickson B. L. Ingalls E. J. Kleber I. P. Norris J. E. Walsh File 29CKVSO JUH 11 1S79 f. j. saWTSLffl* P. 0. SOX 573 '4625 ROYAL AVE., NIAGARA FALLS, NEW YORK 140G2 jT 7 Date June 7, 1979 Originating Dept. "Calidria" Asbestos Answering letter date 1979 Forecast III and Preliminary 1980 Sales Estimates The following sheets for "Calidria" Asbestos sales are attached for your information (Mrs. Nielsen has been sent copies via the telecopier): 1979 Sales Forecast III Details 1979 Sales Forecast III vs. Budget and Other Forecasts 1980 Preliminary Sales Estimate Forecast III is 104 of budget but $187,000 less than Forecast II. Most of the "slippage" is in domestic RG-244 and the drilling mud products, due to health/regulatory factors. Concerted efforts are underway to regain the losses and we anticipate an improvement in Forecast IV. John L. Myers JLM:dal Attachments UCC 005730 CALIDRIA" SALES BUDGET - 1980 (At 1979 Prices) PRODUCT Domestic SG-103 -104 -130 -200 -210 HPP HPO CG-135 RG-100 RG-110 RG-144 RG-244 CSV ^ or SG-200-X SHUR J Domestic Total Export SG-100-EX -102-EX -130-EX AS-200 HPP-EX HPO-EX T-135-P-EX RG-144-EX SX-14 RG-244-EX SX-24 Export Total T 5000 9000 500 400 600 0 1200 100 300 400 600 500 2500 1000 22100 3000 500 300 1200 3000 700 0 400 200 350 550 10200 $M 590 900 80 60 120 0 240 75 165 90 330 1125 350 140 4265 360 60 1 45 160 510 145 0 200 80 735 770 3065 TOTAL JLM- 6/7/79 32300 UCC 005731 7330 PRODUCT Domestic SG-100/103 SG-104 SG-130 S6-200 SG-210 HPP HPO CG-135^?' RG-100 RG-110 RG-144 RG-244* ''' VIS8 CSV SHUR. SG-200X SG-144 Total Domestic % Budoet Export SG-10Q-EX SG-102-EX SG-130-EX AS-200 SG-210 . HPP-EX HPO-EX . T-135-P-EX T-135-0-EX RG-110-EX RG-144-EX SX-14 RG-244-EX SX-24 Total Export % Budoet TOTAL % Budqet CALIDRIA ASBESTOS 1979 SALES BUDGET & FCSTS 6/6/79 Budoet Tons MS 4025 451 840 12S 400 48 753 143 80 13 Pest I Tons M$ 4025 473 8700 859 840 132 400 54 753 147 30 13 Fcst II Tons r m$ 45(10 9000 880 530 34 360 43 500 100 80 15 Fcst III Tons MS 4600 9300 400 543 910 64 400 54 600 135 50 9 Fcst IV Tons 'MS 1284 200 192 445 246 1284 144 200 79 192 93 : 445 250 1300 150 100 36 250 98 400 260 1200 75 50 113 300 88 400 245 37" 140 87 504 232 _59S,,1190 400 50 2550 346 1042 142 . -^r -- 176l 2A 504 400 2550 1042 252 504 m 595 56 0 364 2300 149 950 176 26 176 252 1250 0 328 136 25 500 500 0 1500 600 100 100 330 1T23~ 0 212 84 16 16 ! 1 22136 14163 .. 1 I 221 OS ? 4410 21545 lOQilW 97 4186 lol 12070CT 4005 93 96 ___ J . 1800' 192 1080 120 84 12 1320 168 144 24 2400 334 720 132 156, 84 601 36 ! 1800 1030 84 1320 144 2400J 720 156 60 212 125 13 174 25 408 147 92 33 2700 800 150 1200 100 2800 670 100 0 312 2700 96 250 22 250 157 1000 13 0 474 2800 135 619 53 60 00 315 30 38 132 1 474 127 35 0 204 48 . 264 120 108 36 204 52 0 0 1 264 132 300 150 370 1081 39 200 72 ~2UU 0 /5 276 516 408 528 276 574 300 628 330 694 408 564 515 724 520 731 Actual Tons MS i i i 1 > ir_ 1 1 1i 1 9024 2400 -- -- 31210 6563 ---- 9024 2595 9835 TOO5 103 109 31210 7013 31380 100 107 101 2346 TRKT w 119 101 7032 29800 6845 107 95 104 - - _____ ___.___ UCC 005732 CALIDRIA ASBESTOS SALES FCST III - 1979 6/6/79 UCC 005733 TOTAL