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160. MINUTES OF MEETING OF THE CORPORATE MANAGEMENT COMMITTEE May 11, 1970 Present: .. . Messrs. E. J. H. H. J. R. J. 1. C. H. M. C . Bock, Chairman Bible j Eck ; Gill is i Sommer j Throdahl i i ORGANIC DIVISION - REPORT ON PCD STATUS j Present: Messrs. H. L. Minckler, John Mason, C.-J. Smith, Rodney Harris, Jr., R. E. Kelly j The Division's actions and plans concerning PCBs'were reviewed, and the following approved: .. Discontinue sale of Aroclor 1242 to NCR and;replace with H B - 4 0 i n U.K. , and MIBP in U.S.A. Complete: U.K.-July 1, 1970; U.S.-January 30, 1 971* " Close the loop on heat transfer applications where fire resistance is, vital and replace, with..a Iter nates In other cases. Complete: December 30, 1970* , i - Replace all non-biodegradab1c chlorinated biphenyls in hydraulic applications. j Complete 20%: August 1, 1970 j Complete 40%: . November 1, 1970 Complete 100%: December 30, 1970 j - Close the loop on all non-bIodegradab1e ch1 orinat ed biphenyls in transformer applications. Complete: August 1, 1970. - Close the loop on capacitors as far as possfble and replace 1242 with 1242B. Comp 1ete: December 31, 1970. " Terminate sales of a 1 I non-biodegradab1e ch j or i na ted biphenyls to various non-control 1ab1e end uses. Complete: August 30, 1970. ! The Committee asked that there be no delay with reference to the action taken to achieve the above plans without CMC approva1. The Division is to review progress made against achieving the above objectives with the CMC in September 1970.| MAE 058660 I r ^ WATER PCB-SD0000016880 16) . . . !. The action to be taken will require considerable expense and investment onj the part of the company in terms |of developing new products and installing the necessary manufacturing f ac ? 1 (ties for the new products. Estimated new c a p. 1 t a 1 . required is $3,585,000 and is not included in the present Cons t rue tion Program. The Division was reques ted to be certain the pricing po1 Icy set on these products in the future is sufficient to give Monsanto an acceptable return on its invest" men t, taking into' account the expenses which are necessary to accomplish the overa11 objectives. I (Excerpt to Messrs. H. L. Minckler, Rodney Harr;) s, Jr., R. Kel 1 y , T. K. Smith.) ' 4 I Ii MAE 058661 WATER PCB-SD0000016881