Document bab98j0gRgDxO3O0M0DDgZ41k

CHEMICALS AND PLASTICS OPERATIONS DIVISION 270 Park Avenue New York, New York 10017 PLAINTIFFS EXHIBIT UC-352 5. DFXTH November 7, 1969 I have concluded that Union Carbide Chemicals and Plastics should not continue to attempt to develop further our Asbestos business and have discussed the reasons with you. If you agree, I hereby request that you seek Operating Committee I endorsement and General Operating Committee approval to take the necessary steps to sell the businesr and its real assets including the King City plant and related mining claims for the best price that can be gotten in a reasonable time, say, one year. The best negotiable terms and conditions would be communicated to both Committees for review and approval before a final commitment on behalf of Union Carbide would be made. Some pertinent data are attached. L.P. Jehle/do Attachment NIFS Gross Margin Total Overhead Operating Income DATA ASBESTOS BUSINESS M$ 1966 1,146 191 961 (770) 1967 1,609 (132) 839 (971) 1968 1,691 265 1,029 (704) 1969 (Est) 1,600 450 740 (290) Gross Fixed Investment Book Value 2,838 447 3,285 King City Mineral Rights & Land 1,607 1,520 End 1968 Est., End People Employed at King City (*) (*) as of 9/30/69 12 Exempt 7 Non-Exempt 34 Wage 53 TOTAL