Newspapers / Firestone News (Gastonia, N.C.) / Jan. 1, 1967, edition 1 / Page 1
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R. B. Hull Promoted To Tech-QC Job Robert B. Hull, manager of quality con trol at the Gastonia plant since 1953, has been named manager of technical service and quality control for the Firestone Tex tiles Company. Appointment to the new ly-created position was announced by Harold Mercer, the division president. In his new job, Mr. Hull’s re sponsibility extends to the di vision level which includes the Gastonia headquarters plant and the company’s textile facilities at Bennettsville, S. C.; Wood- stock, Canada; Sao Paulo and Suenos Aires in South America. His extended duties provide a technical liaison between the textile division and the com pany’s other manufacturing fa cilities, and technical assistance to outside customers where tex tile materials are concerned. His job headquarters remains at the Gastonia plant. Mr. Hull attended public Schools in his hometown of Lowell, Mass., and was graduat ed from Lowell Technological Institute in 1940. He worked four years for the U.S. Testing Company at Hoboken, N. J. be fore joining the Firestone com pany’s textile division at Akron, Ohio in 1944. HE WAS transferred to the Gastonia plant nine years later to become manager of quality control. Since coming to Gastonia, he has been active in civic, church and professional circles. A Mason, he is a past patron of the Gastonia chapter Order of Eastern Star. A leader in Scout ing, he was chairman of an ad visory board which was instru mental in organizing the Fire- stone-sponsored Gastonia Ex plorer Post 328. Mr. Hull is a senior-grade member of the American Socie ty for Quality Control; a char ter member and a director of the Charlotte section of ASQC. —more page 4 Hurry to Apply for scholarships Completed application ^orms, reports and other re quired information must be I'eceived at the company’s ^eadquarters no later than ^arch 1, in the Firestone College Scholarship Pro gram for 1967. A remaining supply of ex- f^lanatory booklets and the nec essary application materials are ^t the industrial relations office, because the material has been Available since Dec. 1, the ear- liest applicants are already in l^focess of completing require ments. ^ for other high-school seniors **iterested in applying: There's time to waste! To be eligible for a Firestone ^^holarship, the applicant must a high-school senior, the son daughter of an employee who completed five years of con- ^ifiuous service with the com- as of Jan. 1, 1967, and ''^hose averaged income is not more than $900 per month with out overtime. The student also must be in the upper third of his or her class scholasticially. his or her class scholastically. EACH Scholarship award to be sponsored by Firestone will pay toward tuition, academic fees, required textbooks, and a portion of room-board ex penses while attending school, as more fully outlined in the booklet at the industrial rela tions office. Scholarship winners may at tend any accredited college or university in the United States, pursuing any desired course leading to a degree. Each win ner must personally make ar rangements for admission to the school of his choice. Scholarships are awarded on the basis of proportionate Fire stone employment over the country, thus distributing the opportunity to win over a broad area. Tir«$ton« JANUARY • 1967 MISW f 5- GASTONIA NORTH CAROLINA Record Sales-Earnings Last Year Highest sales and earnings ever reached in a year for the Firestone company were reported in December. Raymond C. Firestone, chairman, and Earl B. Hathaway, president, re ported sales of $1,814,592,393 and earnings of $101,765,793 for the 12-month period ending Oct. 31, 1966. The sales figure represents a 12.7 per cent increase over that of the previous year. Earnings were 17.4 per cent in excess of 1965 earnings. Net income for 1966 was equal to $3.52 per share of common stock, compared with $3.01 in 1965. Cash dividends of $1.30 per share paid on common stock amounted to $37,429,516. Sales and profit increases oc curred in all divisions of the company, with a decided in crease in tire sales. “The year was one of growth and opportunity for Firestone in tire marketing,” the officers said. “With sales of cars, trucks and tractors at high levels in recent years, number of vehicles on highways and farms through out the world has set new ve hicle-in-use records year after year. THE TIRE industry in the United States shipped more than 22.5 million passenger, truck and tractor tires during the record- breaking year just completed.” Sales and income of foreign subsidiaries showed increases over 1965. The company paid taxes total ing $283,413,864, of which $82,- 300,000 were income taxes; $164,638,508 excise taxes; $20,- 196,647 social security taxes, and $16,278,709 property and mis cellaneous taxes. Tax payments totaled $245,527,920 in 1965. Net working capital on Oct. 31, 1966 was $553,108,477 (it was $498,779,678 on the same date of 1965). During the fiscal year, spend ing for new facilities, additions and improvements were $124,- 652,758, as against $126,079,264 in 1965. Depreciation of $62,- 025,477 was provided, compared with $54,960,041 last year. PLANT expansions were underway around the world. Three tire plants in the U. S. were enlarged. The company is increasing production facilities at Akron, Barberton and Day- Three new passenger tires from Firestone are (from left) the Deluxe Champion, Su per Sports Wide Oval and F. 100 Radial— here displayed by W. M. De- Witt, manager of passenger- tire sales. The Deluxe Cham pion is standard equipment on many 1967 cars, while the Wide Oval and F-lOO are standard on some models and optional on others. ton, Ohio; Los Angeles, Calif., Des Moines, Iowa and Memphis, Tenn. A new tire plant at Joliette, Canada began producing. Fire stone Textiles at Woodstock, Canada was expanded. A steel products plant was acquired at London, Canada. The company purchased ma jority interest in the Hardie Rubber Company in Australia; also a majority interest in a tire plant in Sweden—one with which the company had been —more page 3 I THE GREATEST TIRE NAME IN RACING s Historic World Conference Planned Achievements for 1966-67 Fiscal Year . John V. Darwin, general manager of the Firestone Tex- Company with headquarters in Gastonia, was among 7^ 225 members of Firestone management from all di- yjsions of the company’s worldwide operations, attending a pStoric conference at the home offices in Akron, Ohio in 1966. The conference was called to go over plans and Programs for greater company achievement during the 966-67 fiscal year, l^eetings took place in the ^^^pany’s auditorium, with ^oduct displays lining the j. Opening the conference were ayrnond C. Firestone, chair- , Earl B. Hathaway, presi- ^.^nt; E. H. Schulenberg, execu te vice president. In their pres tations they examined busi- forecasts and Firestone which indicate future ^Wth in all areas of the com- ^^y’s business. , -^11 speakers during the three of how the organization can achieve new sales and profit records during the fiscal year. MR. HATHAWAY thanked the entire Firestone organiza tion for “meeting the challenge of 1966”, noted that the com pany would likely set new sales and profit records for the year ending Oct. 31, 1966. (Final fig ures released a few days later confirmed his prediction). Good business ahead can be seen clearly, he said, citing record forecasts for replacement- ^ meetings went over plans tire shipments in the U.S. and Canada, and worldwide pros pects for increasing demand for all products which Firestone sells. As the conference closed, Mr. Firestone encouraged all mem bers of the Firestone organiza tion to meet new challenges: "Firestone has been built by people who have had the courage to accept challenge . . . people who were willing to work for new ways to build their products, new manufac turing techniques; engineering people willing to search out new methods, new materials; people who explored new ideas in fabrics, compounds, chemi cals, new rubbers; sales people who were willing to put forth that extra effort to realize a better price, a larger order. “Our company has never been willing to accept things as they are . . . Let’s hope Firestone people will never accept things as they are.” SEVERAL divisions made special presentations. Tire-de- velopment engineers told of the latest advances in passenger, truck, tractor, off-highway, and racing tires. Members of the re search division reported on their new projects. Advertising and public relations reports were made to show how efforts of all Firestone divisions will be promoted and publicized. Heads of major divisions told of their operations. R. D. Thomas, newly-elected execu tive vice president, spoke on trade sales, private brands, Ca nadian, Dayton and Seiberling operations. A. N. Stuart, vice president, spoke on manufac turers sales; H. H. Wiedenmann, vice president, on tire factory operations; L. J. Campbell, vice president, on non-tire opera tions (includes textiles); R. P. Beasley, vice president, on fi nance; J. F. Floberg, vice presi dent — secretary and general counsel, on legal matters; Mario DiFederico, new parent-com- pany vice president, on interna tional operations; and A. G. Lund, president of the Firestone Plantations Company, on plan tation operations. A highlight of the conference was a banquet at which tokens of appreciation were presented to Harvey S. Firestone Jr., for mer chairman and now honor ary chairman of the company; and to L. R, Jackson, former president and vice chairman of the board, now retired.
Firestone News (Gastonia, N.C.)
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Jan. 1, 1967, edition 1
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