Word: bhopal
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...executives casually walked around the firm's suburban grounds. Although profits last year were just $323 million on sales of $9.5 billion, below those of the chemical-industry giants, company executives gave the impression that things would soon get better. But since the gas leak on Dec. 3 in Bhopal, India, that left at least 1,400 people dead and perhaps 170,000 more injured, the mood in Danbury has changed dramatically. No one, from Chairman Warren Anderson on down, expects Union Carbide to collapse as a result of the Bhopal disaster, but all acknowledge that the firm is under...
...frowns and furrowed brows are understandable because Bhopal is never far away. About five people continue to die each week from aftereffects of the accident. The company announced last month that it had taken a $17.8 million write-down on its fourth-quarter earnings in order to cover costs incurred as a result of the Bhopal accident. The write-down pushed Union Carbide earnings, which would have been 44 cents a share, down to 19 cents and raised new questions about Union Carbide's ability to attract investors...
...result of seven weeks' work by a team of Indian government officials, the report on the Bhopal accident will not be published until the opening of a judicial inquiry in India that is scheduled to begin in a month or so. But sources close to the investigation have disclosed some frightening findings. The main conclusions...
Leaky valves were a constant problem at the plant. Six serious accidents occurred at the Bhopal installation between 1978 and 1982, and three, one of which was fatal, involved gas leaks...
...countries. The investigation in India has determined that Union Carbide never fully advised either the national government or the district administration of the dangers involved in producing and storing MIC. At the same time, it is not clear whether local officials did enough to guarantee the safety of the Bhopal plant...