Document wqjbYdkq6Q4mwNXOoeXJqKV23

MESUITS OF THE HZZTlXG OF TIE BOARD OF DIRECTORS OF PITTSBURGH C0HSIS6 CORPORATION HEtO AT KEU YORK. NtJ YORKf MARCH 2, 1966 The regular weeting of the Board of Directors of Pittsburgh Corning Corporation vas held at the appointed time and place. Members present: Mr. Russell Sriccingham, Presiding Mr. Robinson F. Barker Mr. William C. Decker Mr. David C. Hill Mr. Aaory Houghton, Jr. Mr. Aaory Houghton, Sr. Mr. Felix T. Hughes Mr. George fc. Macbeth WV-11655 A report on Che UNIBESTOS operations ac both Port Allegany and Tyler was given by Che President. He noted Chat both planes have experienced increased volume and that orders received have been ac a high level -- the first two months of 1966 have exceeded budgeted sales by 44^, or $127,000, and gross margins have exceeded budget by $79,000. The pore Allegany plane coses have been under review for sorae time and the ope radon had been cue back to a Tyler-type operation. It is expected that Che 1966 gross margin from this plane will be about breakeven. The Board discussed this problem and requested that a five-year sales and income projection be drawn up and presented at the June Board Meeting. ..t 4