THE MILL WHISTLE
^ol. 35
^PP
Assets
roach
Million
ti^ V approaching $9 million
6prp. ®ver 9,500 members,
*'Sib)p”f ? 82 percent of those
W join, the Fieldcrest Mills
Itotig ill 1976 continued the
'as 5,. ^*’®}vth it has shown since it
Jpnized in 1958.
assets at the end of the year
7,30g ^8,777,241, compared to
the previous year. This
nearly a $1.5 million
6 p^*^ ia one year and was part of a
ast increase in assets in the
years.
Ivj^ l^^odit Union in 1976 paid
savings amounting to
65’H compared to $363,742 the
Jen^ij^^ore. Dividends paid to
astfj*'® totaled $1,593,000, in the
ivi^p 'jl^i’i'cnt 7 percent per annum
iving • highest of any
ipcp t 'astitution, has been in effect
In 1974.
i,aoition to the high dividend
Eden, N. C., February 7,1977
No. 14
The Fieldcrest Technical Center at Eden
th high
® Credit Union since January
Technical Center Wins Award
1976
%
:ent
has maintained a low 9.6
latis annual interest charge on
lowest obtainable.
'Shts of the operation of the
ipp^ Caion were presented in
•On witij a review of the
ILi
aatinued on Page Six)
The Fieldcrest Technical Center
received an Award of Merit for
excellence of design from the North
Carolina Architects Institute of
America (NCAIA) in their annual
state-wide architectural competition
during 1976.
1|
C. Battle Named To
,^ck & Decker Board
c. Battle, president and
^Is j^^^ative officer ^of Fieldcrest
fhpbf •’ has been elected a director
lack & Decker Manufactiming
“'''Soh ’ 'vhose headquarters are in
Us ’
Sgj^l^^hon came at the firm’s
S^fv , atockholders’ meeting
^1’ Hampstead, Md., and
N(}g*®hnced by Francis P. Lucier,
of Black & Decker. Mr.
Wsf places on the board Lewis P.
Niat la^'oaer chairman of
^'^ck ii^®?^atory retirement age.
ho „ tools
■ 18-000
Dry Goods, who has
W. & Decker in an
.I'owi^Hally-known
manufacturer
, - with 1976 sales of
I'lts The company has 29
»ii^ld-wide with 11 in the U.S.
2ih , '^her is listed in Fortune
® s directory of the top 500
WILLIAM C. BATTLE
industrial corporations in the U.S.
Mr. Battle, president and a director
(Continued on Page Two)
The $1V2 million facility was
designed by the architectural firm of
Odell Associates, Inc., of Charlotte.
The Technical Center was one of six
out of 55 entries to be selected for
recognition in the 1976 design award
program. The judges were all
distinguished architects from the
Chicago area.
In the annual design award
program an architect may submit a
project to either the state, regional or
national awards program. Projects
are usually entered first at the state
level because of more local interest as
well as the ability to submit the
project later to a regional or national
competition. The regional
competition, held every two years, is
slated for the fall of 1978.
The Fieldcrest Technical Center,
adjacent to the General Offices, is a
two-level structure which houses
Fieldcrest’s Research, Domestics
Product Development and Domestics
Quality Control Departments.
Completed in late 1974, the facility
was occupied in January, 1975. With
24,000 square feet of space in the
upper level, there is also a smaller
basement level, a portion of which
houses laboratory equipment and
shipping are receiving areas. The
remaining portion will provide room
for expansion as needed.
The main entrance of the building
faces the General Offices with visitor
parking located close by and
employee parking and service
entrances at the rear of the building.
The laboratories and offices are
located on one level to provide a close
connection between departments, and
the building is designed so that
visitors may be shown the facilities
from the hallways without distracting
employees at work.
Conference rooms are included for
meetings of a technical nature with
suppliers, customers, and inter
company groups.
Something New
If you think this issue of The
Mill Whistle looks different,
you’re right.
A change has been made to a
larger typeface which should
make reading easier,
particularly for our older
readers. Also, the column width
has been changed to the wider,
more modern, four-column
format.
We think you’ll like it.