Union Carbide drew up a five year plan in 1979. It was intended that sales and earnings in 1983 should be respectively $14bn and $940m. In 1980 the group’s figures were $10bn and $673m. To reach its five-year goal, the group estimated that annual capital expenditure of $1.2bn would be required. It now expects actual capital expenditure to be running at $1.3bn-$1.4bn a year by 1983.
Recent activities have been characterised by a series of divestments. But now the group has a number of projects for expansion in hand. These include the building of a carbon fibres plant in California, consideration of a carbon fibres project in France, construction of a silicones plant in Italy, and expansion of battery operations in Europe.
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