Historical Newspapers of South Carolina

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19 9 1 SUMMER ISSUE CLOT the Clothmaker, changes to your retirement plans, and a brief review of business conditions. The summer issue of the Clothmaker has a new look, and I hope you like the changes you see! The Clothmaker is an important communications tool in our Quality First thrust, so we have improved the quality of its content and design. We have streamlined the articles to make them easier to read, and we have made our design more visually appealing to help you quickly locate information most important to you. As the Clothmaker changes, we want to ensure that it will continue speaking to your interests and providing you with more information about your Company. If you know of items which would be of interest to your associates, let your Human Resources representative know. While I cannot assure you that your item will be published, I can assure you that it will be carefully considered. We invite your comments and suggestions on how to make the Clothmaker a better publication. We plan to publish the Clothmaker four times a year, covering all areas of our business and letting you hear from various associates in volved in the leadership of your Company. Within the next few days, you will receive information regarding changes to your Company’s retirement plans. Some of these changes are required to comply with new governmental regulations. Others are necessary to make our plans more uniform in application to par ticipants and to lessen the burden of administering the plans. As you know, we now have three retirement plans, two pension plans, and a profit sharing plan. Under the new arrangement, we will have one plan and one Trust — the Clinton Retirement Income Program — to cover all eligible associates. Your benefits will be paid from funds contributed by the Company and held by the Trust. Importantly, Profit Sharing Retirement Plan participants will no longer need to be concerned about the status of Executive Life Insurance Company or their profit sharing retirement benefits. The Company is assuming the risk regarding Executive Life. Your Company is somewhat unique in assuming the risk, but our action, I think, once again demonstrates the commitment your Company has to you. Obviously, there are many details to these changes which must be explained to you, and in the case of the Profit Sharing Plan, we will ask participants for their consent. All of these details will be thoroughly explained to you. I would like to bring you up to date on our markets and financial performance. Following a slowdown in late 1990, markets for both woven and knit fabrics have rebounded. As a result, sales through the (Con’t on page 3) CLINTON FOUNDATION AWARDS SCHOLARSHIPS AND LOANS n he Clinton Foundation has awarded up to $73,000 in college scholarships and interest free loans to ten sons and daughters of Clin ton associates. College scholarships of $8,000 each were award ed to Neil Jonathan Cavanagh, son of John T. Cavanagh; Paul Watson Finley, son of Henry and Joyce Finley; and Christopher M. Nelson, son of Joe Nelson. Loans of up to $7,000 each were awarded to Kristie Michelle Babb, daughter of Wanda P. Babb; Blondie Burnette, daughter of Velma Burnette; Susan Marie Fuller, daughter of James Fuller; James Mitchell Moore, son of J. Mitchell and Ann Moore; James Shannon Motes, son of James and Debbie Motes; John Albert Smith, Jr., son of John and Yvette Smith; and Robert Wayne Smith, son of Iris Smith. Clinton sponsored foundations have awarded 81 scholarships and 220 loans to children of associates. To qualify for Clinton Foundation schplarships and loans, students must be seniors in high school and be ready to enter college in the fall term of the year in which their scholarship or loan is awarded. They also must intend to earn a recognized academic degree. A parent of each applicant must be employed by the Com pany for at least two years as of the filing deadline and must be employed at the time the awards are made. Scholars are selected by the Clinton Foundation Grants Advisory Committee which is comprised of Dr. Carl Wes- singer, Mr. Fletcher Pruitt, Sr., Mr. Henry Sim mons, Dr. Ann Stidham, and Rev. Dr. Russell Dean. Clinton sponsored foundations have awarded 81 scholarships and 220 loans to children of associates. Boys State And Girls State Participants Chosen linton Mills recognizes four associates’ sons and daughters who recently at tended Palmetto Boys State and Palmetto Girls State. Boys State was held at Wof ford College, June 9-15, and Girls State was held in Colum bia, June 10-16. Boys attending the events were Tommy Stanton, son of Tommy Stanton Bill Stanton; Mills Grant, son of George Grant; and Cason Mabry, son of Charles Mabry. Meredith Buchanan, daughter of James Buchanan, attended Girls State. The Boys’ State program, held incon- Mills Grant junction with Copeland- Davidson Post No. 56 of the American Legion, attracjed approximately 700 rising high school seniors from across the state. Boys State and Girls State participants are trained in prac tical, democratic principles of government. Cason Mabry While sponsorship of the participants is the responsibility of the American Legion organizations, the program is funded by companies such as Clinton Mills, frater nal groups, busi nesses, industries, and individuals. Meredith Buchanan CLINTON PLANT QUALITY FIRST TEAM REDUCES LOST ENDS ooperation paid off recently for Clinton’s #1 Plant, as its Quality First Team reduced slasher set lost ends by a remarkable 30 percent. “Throughout the entire quality control process, associates came forward with suggestions on im proving the process,” said Carding/Spinning Superintendent Henry Blalock. “As a result, we met our goals ahead of schedule.” The reduction in lost ends improves product quali ty and enables weavers and tie-in operators to work more efficiently. The Quality First Team came together after management became concerned about the number of ends that were being lost in each slasher set. “At times we were seeing as many as 13 to 20 lost ends, which created excessive waste and down time, as well as problems for slashing and weaving associates,” said Gerald Littleton, Quality First Team Leader. The Quality First Team was comprised of associates from the preparation, weaving, and slashing areas. The group collected vast amounts of data about lost ends, which enabled it to eventually pinpoint the cause. (Con *t on back page) Clinton President Thad Williams received this letter after visiting Quality First Team at Clinton Plant #1.