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Abilene Reporter News: Wednesday, September 30, 1970 - Page 1

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   Abilene Reporter-News, The (Newspaper) - September 30, 1970, Abilene, Texas                                Abilene "WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT Byron WTH YEAR, NO. 108 PHONE 673-4271 ABILENE, TEXAS, 79604, WEDNESDAY EVENING, SEPTEMBER 30, PAGES IN TWO SECTIONS lOc SUNDAY Auociatcd Prea (ff) Industry Picks Abilene is gelling a major new industry-a square-foot plant ol Bandag, Inc., manufacturer of lire retreads. The announcement was made Wednesday morning by Andrew B. Shelter, chairman of the 'Abilene Chamber of Commerce Industrial and Manufacturing Committee. It. came in a joint meeting of the boards of the Chamber and the Industrial V a u n d a 11 o n members of the Industrial and Manufacturing Committee, and members of the Abilene City Council and Taylor County Commissioners Court. The session was field at the Cham- ber. THE ABILENE Industrial Foundation, supported by all the city's financial institutions, is assisting in million of the financing. The foundation, is providing a sum of equity money STEPHEN A. KELLER Bandag president CHAULES HOWARDS vice president Bandog Is Posting Fantastic Gains In a time of economic adjustment when many major companies' earnings have declined sharply, Bandag, Inc., which has announced, a major new plant for Abilene, is posting spectacular gains in both sales and earnings. Abilene's good fortune in being selected as the site for this company's biggest production said Andrew B. Shellon, chairman of the Chamber of Commerce Industrial and Manufacturing Committee. "We welcome any stable new industry, but this is a particularly dynamic one." Shclton. said the company.'s unusual growth is a reflection of its able management and its product which is unique in the tire retreading field. In an interim financial report to stockholders issued by Baridag on June 30, 1970, President S.A. Keller reported net sales for the second quarlcr rose by 48 per cent to from for the second quarter of 1969- Earnings after taxes of were 55 per cent greater than the for the same quarter a year ago. For the six-mpnih period ending June 30, Keller reported sales of were 46 pcr cent grealer, whilc.net income of was 63 per cent grealer than the equivalent 1969 period. For the six montlis, earnings per share went up from 43 cents in 1969 to 70 cents in 1970. Keller forecast a continuation of liie present trend in sales and earnings for the remainder of 1970. Significantly, he said that normal business cash flow should provide "for a 11 foreseeable requirement" of facility expansion and product development "without any significant outside financing." One investment analyst predicls Bandag sales for the full year, will increase to million, compared wilh for 1959. Net sales, net income and earnings have consislenlly registered sharp gains in recent years. The record for net sales follows: 1966, 19G7, 1968, and 1969, Net income after taxes: 1065, 1567, 1968, 1969, Earnings: 1966, 23 cents per iWSlNDEX Amusements 5B Bridge.............. 11B Closured 7-1 IB Comics 6B Editorials 4B 12A Hospital Patients 7 A Obituaries 3A Sports 9-11A To Your Good Health------13A TV Log.............. 12A Wcrr.tn's share of common stock; 1967, 44, cenls; 1968, 69 cents, and 1969, Bandag Is headquartered In Muscaline, Iowa, a, city located on the Mississippi. River. Bandag has four facilities at Muscaline, including its original tread rubber factory, and an equipment manufacturing plant. There is a tread rubber factory In Shawinigan, Quebec, Canada, that began production in October, 1967, and a new tread rubber factory in Oxford, N.C., that began production in See GROWTH, Pg. 4A which will be repaid to it by Bandag, and the banks and savings and loan associations are loaning the balance to the Foundation which in turn will make the total loan to Bandag. THE ANNOUNCEMENT climaxed an intensive six- months effort to gain the industry, which involved the Industrial and Manufacturing Committee of the Chamber, the Industrial Foundation, heads of the city's financial institutions, and Mayor J. C. Hunter and City Manager II. P. Clifton. John Wright, president of the foundation, signed the contract for tlie planl Monday in Musca- tine, Iowa, headquarters for Bandag, with the firm's presi- dent, Stephen A. Keller. Joining Wright in closing the deal at Muscatine were Elton Abies, manager of the Industrial Department of the Abilene Chamber, and Attorney Hudson Smart. THE BUI PLANT will be built on a 20-acre tract at Elmdale adjoining the Texas and Pacific Hallway on the south, and near Inlerstale 20. The land was pur- chased from Tom Anlilley. Bandag optioned an additional 20 acres for future expansion, making a total of 40 acres avail- able for site. Keller said work will be started as quickly as possible. Much preliminary work has been done, he pointed out. "Already we have made test borings, we know where the railroad spur will go, we know where the building will go on Ihe site, the architectural plans are done, and electrical Keller explained. Daniels Construction Co. of Greenville, S.C., will be Ute con- tractor. Steel will be bought immediately, and usually requires eight weeks for. delivery, Keller said. Mean- while, the site will be cleared ready for construction to go by the time steel arrives. KELLER SAID the plant would be in operation by next June. It will have 150 employes to start with an annual payroll in excess of Repeatedly through the telephone interview wilh The Reporter-News he spoke of expansion both in plant and employment. About 90 pcr cent of the employes will be male. Details of future expansion, Keller said, "depend on how we develop. The size of the building, and the tract we are acquiring, contemplate a much larger expansion. MOVE UP very he said. "It is not planned to run at low is not economical." Keller cited the company's experience at Oxford, N.C., where a large new plant went into operation in January, 1969. "It is less than two years old, but already It has been expanded 35 per the president said. "You can say that we have fairly ambitious aspirations for our Abilene Keller added. KELLER SAID, "The Abilene plant in due course will be our biggest plant. Initially, it should match our Muscatine facility, and eventually, it should surpass even Oxford." TTte Abilene plant in the begin- ning will produce rubber retreading for franchlsed Bandag dealers In Southwest and Far West United States, Central America, South America, and the Caribbean. "Possibly we will eventually ship out of the Abilene plant to supply the Far Keller said. "In due he said, the Abilene plant will expand to make cushion gum and other supplies used by Bandag dealers in retreading tire carcasses. Bandag also makes its own equipment used in the retread- ing process, but Keller said there arc no plans ,to make this here. The equipment is manu- factured In a plant In Muscatine. KELLER SAID Only the general manager "and probably the head of our laboratory" will be sent to Abilene from Muscatine, The general manager is not yet named. "All the rest of our employes will be hired and trained at Abilene. We have had very good success in doing this in the Keller said. l.ou Glilch has been designated Ihe project engineer to supervise Ihe Abilene planl development. He will be In and out of Abilene during the con- struction process. FM -AIRPORT 2 MILES WEST Bandog Site Bandag's square foot initial building will be constructed on the 20- acre site shown in black. An option for a 20-acre triangular area east of the building site has been taken for future expansion (between Railway and FM old Abilene-Clyde Another 81 acres west of the building site is under option from Joe Antilley and W. H. Blackburn Jr. The building site is east Abilene Municipal Airport about two miles. Why Abilene? Keller: leaders Made Us Feel Wanted How does an industrial company choose a site for a new plant? And how does Abilene wind up with it? Stephen A. Keller, president of Bandag, Inc., related h i s company's procedure. "We had a professional consulting survey he said. "First we slarted wilh a comprehensive distribution study Industrials Down At 4lh Hour End Industrials were down .61, transportation was up .31, and utilities were down .16 at the end of fourth hour trading Wed- nesday on the New York Stock Exchange. The New York Com- posite was up .02. Volume was shares, reported Ihe Abilene office of Schneider, Bcmel and Hick- man, Inc. (o determine where our market is and should be. "We Iried to weigh such fac- tors as the availability of raw materials in terms of our existing factory, transportation, and distribution of the finished product. "TIIK STUDY determined that our new plant should be in the Dallas-Fort Worth area. Then we narrowed this down to about a 150-mile radius of Dallas-Fort Worth. "An Independent consul! ing firm then surveyed all the prospective communities in this area. The list was narrowed down to about 15 lor us to consider. "Then we boiled this down to live and then we made a tnp- lcvcl( officers) lour lo these five. We made an on-sight survey in a company plane. "Abilene was one of the surviving four cities, then It was reduced lo three, then finally to Abilene." KELLER SAID Abilene's selec- tion "was a combination of many things. The attitude of leaders of the community to- ward made us feel real- ly wanted; they satisfied us with Abilene's good labor record; Abilene has a good available, productive labor force; the site offered was excellent for our present need and future expansion, and the financial arrangements were very considerate. "The sum of all of these just added too big a plus for anyone else to match." Selection of the city for the new plant "was a very deliberate Keller said, "done with the head and not with the heart, though there is no reason the heart doesn't like Abilene loo. We think it's a fine place." ANDREW B. SIIKLTON, chairman of the Chamber of Commerce Industrial and Manu- facturing Committee, said the first information Abilene had about the new industrial pros- pect came from the Texas In- dustrial Commission. Abilene was one of several Texas cities so notified. "At first we did not even know the name of the Shclton .said. The Industrial Department of See CHOICE, Pg. 4A Foundation Asks Immediate Pledges Totaling Nixon Arrives For Slay Visit BELGRADE, Yugoslavia (AP) The firs'. American president to visit Yugoslavia, Richard M. -Nixon arrived in Belgrade today for talks with President Tito. The Middle East situation was high on their list of topics. .Tito is a leader in the so-called nona- ligned world, owing allegiance to neither superpower, and was a close friend of Gamal Abdel Nasser. But he decided to forgo the Egyptian president's funeral Thursday in order to hold to his schedule receive Nixon. The U.S. chief executive flew r here from Naples, Italy, where he reaffirmed the American commitment to the North Atlan- tic Treaty Organization. Theoretically, Nixon penetrat- ed the "Iron Curtain" in coming 1o Yugoslavia, but this country differs in many respects from the blind allegiance to commu- nism envisaged by Sir Winston Churchill when he used that term. For one thing, many forms of private enterprise are encouraged here, and Tito since 1948 has steered a course often differing from that of (lie Soviet Union. Abilene business and professional men were challenged Wednesday morning to pledge immediately, payable over a three-year period, lo provide the equity financing needed to fill a commitment lo Bandag, Inc., for a new million facility here. Andrew B. Shellon, chairman "WEATHER U.S. DEPARTMENT OF COMMERCE WEATHER BUREAU (Wulber Mi p. PS. I A! ABILENE AND VICINITY (ttmilt rsdiuil Clear to rirlly cloudy Wednesday and Thursday wllh a high both alierrowii 15 aivd Ihe few Wednesday nlgf-.t rear 69. winds Ifcm Ihe MO n of Ihe Chamber of Commerce Industrial and Manufacturing Committee, said In announcing the new industry that the Industrial Foundation needed this additional sum guaranteed to fullill all its existing commitmenls and to leave some resources with which Id seek other new Industries. In 1959 the Indusirial Foundation staged a drive for in pledges over five years lo provide capita] to help locate industries here. The drive fell a lillle shorl of ils goal. The pledges carried Ihe provi- See PLEDGES, Pg. 2A Abrams Hospitalized Third Time in Year Twsday p.m. Wednesday AJA. 71 39 71 57 7J 37 J] S7 75 M 75 11 73 M a 57 U 87 73 a 40 71 Mien and row IV 34 hours t l.m.: 75 and Si, High and low for ilml period lail Sur.iet last night: pjn. Sunrlii kdavi ajn. Sunlit lonlght: pjn, Barometer raiding at rt-U. HumMMy it won: V" (Ml. VUNG TAU, Vietnam (AP) Gen. Creighton W, Abrams, commander of U.S. forces in South Vietnam, was rushed to a hospital today after collapsing in the arms of an aide. U.S. military spokesmen said the 56-year-old general suffered a "dizzy during ceremo- nies honoring Australian army forces at this coastal military complex 40 miles sou I beast of Saigon. They said Abrams, wlio had been suffering from virus In- fection the past five d.iys and a "very slight inflammation of Hie right .was reported in sat- isfactory condition. It was the third time Ihis year Abrams has been hospitalized. Last January, he was hospital- lied a week for pneumonia and spent another week In the hospi- tal In July for removal of his gall bladder. Spokesmen said he was "rest- Ing it an Austra- lian hospital here. 7. By ELLIE RUCKER Society Coverage Displeases Bride Q. A certain question has come up In our circle of friends. They say yon wouldn't dare print (his, so I'm Just going lo sec for myself. Why are all wedding pictures that arc put In the R-N required (o be 5 x 7 black and vflilte glossy prints? My father was out hundreds o( dollars on n lovely church wedding for me, hut on Sunday morning everyone rushed to open the paper to sec the lovely picture only to find a 1x3 picture, almost black. If we hadn't been searching would never have found It. Then on the ncxl page were pictures of brides from one to three columns wide. It was very upsetting to say the least. Could we have larger space hy paying extra money, or Is this Jnst tor (he elite of our (o have Utclr pictures printed larger? A. Women's Dept. Editor Belty Hughes says the size of the picture Is determined by the amount of space they've been allotted for that particular edition, the number of weddings and other news that have lo be filled into that space and Ihe news value of the story, just as any other story in the R- N. (For example the obiluary of a prominent person may be carried on the front page with a longer story because he's well-known and his death is of interest lo many people.) If the bride Isn't pictured In a wedding gown, if she hasn't completed high school or if Die picture is turned in after the wedding, the picture will be one column. But whatever the size, the space is free. 5x7 prints are more easily handled for news publications than any other size. Betty said they're unhappy about dark pictures too, but sometimes it can't be helped. It depends on the quality of the print and also on some technical engraving processes. Q. I'm sending you a spider thai I killed In my living room. Is U Ihe kind of jinlsonous spider (Brown Recluse) thai was pictured In The Reporter News Friday, Sept. 4? A. Thanks for the spider (and for killing It before you sent It's not a brown recluse. City Hall reporter Jim Conley, who wrote Ihe story on the brown recluse, tcok it to the City-County Health Dcpt. (Action Line Is cowardly when it comes to spiders.) Gilbert Morris, chiel sanitarian, said it wasn't a recluse; it's apparently a harmless hrown spider. The "violin" marking on the spider's head was indistinct and lighter in color than the marking on a brown recluse. Q. Whatever happened (o oxen? You never hear of them anymore, are they extinct? A. No, still around; they're prevalent In India (where they're sacred) and Africa. They exist in most parts of the world except where climatic conditions or disease prevent their thriving. They're known by other names, maybe that's why you haven't been hearing much about them; they're known as bison, buffalo, bush cow, carabao, yak, Brahman cattle among others. The hump of the Brahman cattle is considered a delicacy and "tasty eating" we're told. Q. My parents live In Ohio and I'd like to send (hem some Rio Grande Valley cltrns for Christmas. Where shonid I virile to order It? A. You can buy Rio Grande Valley ruby red grapefruit, Texas oranges and all sorts of Valley fruit from Ben E. Keith Produce Co. right here in Abilene. The last of November, they'll have a catalog ready; give them a call at 677-5271 and they'll mall you one. For information on other firms that ship citrus fruit, write: Harlingen Chamber of Commerce, Box 183, Harlingen, Texas 78550. Address questions (p Action Line, 51, AbUtM, Texas TStH. will ut be OMd but fpeitlogs mast be signed and addnsseg given. Please UcMe Maker   

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