BREVARD PLAIMT
U i »At Off-
FOTOFAX
Vol. 3, No. 2
E. 1. Du Pont De Nemours & Company, Inc., Brevard, N. C.
May, 1970
“CONTROL COSTS AND COMPETE” BOARD OF DIRECTORS
.. ,by Bill Morrill AWARD WON (4th Time)
Bill Morrill—Accounting Sup
erintendent.
As accounting superintendent,
I am constantly concerned with ways
of improving Plant operating costs
for no company or plant can stay in
business without producing com
petitively.
This has been brought sharply
into focus recently by the concern
investors have for our Company stock
which has been selling at its lowest
point in nine years. Disenchantment
with Du Pont stock and many other
stocks is probably the result of lack
of earnings growth which reflects
higher product costs and lower sel
ling prices.
Du Pont’s senior associate
economist, Charles B. Reeder, ver
ifies lower price levels. He explains
that the Du Pont Sales Price Index
(average price the Company is get
ting for all its products) is down 20
IIM THIS ISSUE
Foto People 2,3
Area of the Month 4
Bloodmobile Response 5
Plant Visitors 6
1970 DERA Plans 7
Hobby of Month 8
New Wise Owls 9
Foto Events 10
per cent from the base period (the
average of years 1957, 1958, and
1959).
Mr. Reeder added even if we
raised selling prices this would not
necessarily mean an improvement in
earnings. For example, he cited that
in the past. Photo Products Depart
ment has had to raise its prices to
simply recover the increased cost of
silver . . . without any added profit.
He summed things up by say
ing when competition forces prices
down we must try to offset this by
running a tighter ship, by controlling
our costs, and by trying to improve
productivity to the fullest.
In the Company’s annual report for
1969 Du Pont president, Charles B.
McCoy, said; "Du Pont sales rose to
a new high, but earnings declined as
a result of the cooling of the economy
by Government anti-inflation efforts,
coupled with rising costs and lower
selling prices . . . Controlling infla
tion is of the utmost importance, and
the U. S. Government’s efforts will
Continued on page 7
March 30th was a banner day
for all 924 Brevard Plant employees
on roll who parlayed 399 days and
1,800,000 exposure hours of care and
caution into a Plant safety award.
Each employee will receive a
company-sponsored prize in honor of
this achievement. Twenty-six award
prizes were displayed in the cafeteria
so each employee could choose one
that most pleases him (or his family).
Although the prize is highlight
ed now in the mind of each employee,
there is something else of far greater
value than this material possession.
The safety or well being of all em
ployees has been protected by day-
after-day individual and group efforts
to keep serious injuries from happen
ing. The attainment of this safety
record is of greatest significance.
Let’s keep adding hours and
days to our safety record so this time
next year, we may look forward to
another no-injury milestone.
See Photos (Below & Page 5)
WE’RE SAFETY AWARD WINNERS
pi-ant
399 DAvl
hme injury