Talk:W. R. Grace and Company
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W.R.Grace & Co
One major branch in which W.R.Grace took actively part up to 1930´s was the locomotive sales from makers to the customers in Central and South America. Strange, not a word mentioned of this kind of profitable business in the main article. —Preceding unsigned comment added by 188.8.131.52 (talk) 12:28, 27 January 2008 (UTC)
Hi, my name is Silva Yousefian and I work in the Communications Department at W. R. Grace & Co. I was recently reading the Wikipedia page on the company. It’s an interesting description and we appreciate everyone’s efforts to develop the content.
I noticed that some of the information is outdated or incorrect and I wanted to request a few changes to keep the page current. Most of the changes are minor, such as updating our financial results. The suggested changes are:
Company Name: The official name of the company is spelled as: W. R. Grace & Co. (Please note that the words “and” and “Company” should not be spelled out.) Grace is just fine on the second reference as most people know us by that name.
Headcount: We have 6,000 employees. (The headcount is currently listed as 6,400 and 6,500 on the page.)
Financial Results: Our revenues for the fiscal year ending December 31, 2011 were more than $2.675 billion (not $2.5 billion as currently listed.)
Company Structure and Products: The page currently lists former operating segments and products. A more accurate listing would be:
The company has two operating segments, Grace Davison and Grace Construction Products. Grace Davison makes chemical catalysts, refining catalysts, packaging materials and silica-based products Grace Construction Products produces and sells specialty construction chemicals and specialty building materials such as, cement and concrete additives and fire protection materials. Their customers include those in the energy and refining industry, consumer, industrial and packaging industries, petrochemical and biochemical industries and the pharmaceutical and life sciences industries.
Subsidiaries and some of their products include:
•Refining Technologies such as, catalysts •Material Technologies such as silica-based and silica-aluminum based materials used in industrial applications, consumer applications, coatings and print media applications and packing materials. •Specialty Technologies such as catalysts and catalysts supports, adsorbents, and silica-based Separation Media.
Grace Construction Products
•Concrete admixtures and fibers •Additives used in cement processing •Building materials •Fire protection materials
The information listed above can be found in our Form 10-K filing on our website at: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9ODg4NjZ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
Medical Program: The number of enrollees for the Libby medical program is not current. It should be 1,100 (not 900). More information can be found at: http://www.libbymedicalprogram.com/lmp_news.html
Company Logo: We have made changes to our branding so the logo used on the page is not up-to-date. Our new logo (in a variety of formats) can be downloaded at: http://www.grace.com/Media/MediaKit/Logo.aspx. Feel free to use whichever format is most appropriate.
Just let me know if you have any questions about this information.
I have removed the uncited and vague reference to a 1998 SEC lawsuit. The lawsuit in question (info at http://www.cfo.com/article.cfm/2989877?f=search) was about a relatively small accounting irregularity, and was rapidly settled with no admission of wrongdoing. Compared with the various environmental contamination lawsuits and an unmentioned late-90s severance package/sexual harassment scandal, this lawsuit seems insignificant enough to not bother with absent a more extensive litigation section in the article. 184.108.40.206 (talk) 03:14, 26 May 2008 (UTC)
Dropped this graf:
- The company has a history of environmental crimes, which were summarized in the Seattle Post-Intelligencer on 18 November 1999, headlining "The History of W.R. Grace & Co." These crimes were the basis for the bestselling non-fiction book and popular motion picture, A Civil Action, which concerned the pollution-destruction of neighborhoods in Massachusetts by W.R. Grace & Co.
Because 1) it doesn't seem to have anything to do with asbestos 2) the Woburn case is mentioned in the head graf for the section and 3) there's no linking ref to the Seattle P-I article. If it can be re-integrated into the article per guidelines, go for it!. Ellsworth (talk) 23:05, 29 August 2012 (UTC)
Assistance with Updating Company Information
|A requested edit by an editor with a conflict of interest was declined. I cannot identify which "second paragraph you are trying to replace. Changes like "first to introduce fluid cracking zeolite catalyst" require an independent source, not just a source to a document produced by the company, and further, the general ref you provided seems to say the process was acquired by taking over someone else. Uncontroversial edits like number of employees can be marked for you to implement yourself. Please make a separate request containing just those items. SpinningSpark 13:18, 22 May 2014 (UTC)|
I am the new Online Media Manager for W.R. Grace & Co. One of my first assignments here is to address some edits to our Wikipedia entry. These edits provide clarification on certain details, correct minor errors and provide additional information on the company's current operations. There are a number of changes that I am requesting and some are admittedly substantial. If there is any controversy regarding or questions around these edits, I would be happy to provide any additional information required. Your help is greatly appreciated.
Unless otherwise noted, I would reference the most recent SEC 10-K filing on February 27, 2013 for the bulk of these requested updates. SEC 10-K filing, 2/27/2013, http://secfilings.nyse.com/filing.php?doc=1&attach=ON&ipage=8756273&rid=23#sA96083094C0A128E8382861C31C3794C
Please change all instances of W.R. Grace and Company to W.R. Grace & Co. This reflects the legal name of the company.
Please change "W. R. Grace and Company is a Columbia, Maryland, United States based chemical conglomerate" to read, "W. R. Grace and Co. is a Columbia, Maryland, United States-based global specialty chemical and materials company." This addresses a grammatical error in with "United States-based" and indicates that we are no longer defined as a conglomerate as we are focused in two specific areas, specialty chemicals and materials.
Please change the second paragraph about the company's divisions to the following:
- “The company has three business segments, Grace Catalysts Technologies (GCT), Grace Materials Technologies (GMT), and Grace Construction Products (GCP). GCT makes chemical catalysts and refining catalysts, that enable other companies to make products from refined crude oil, and catalysts and additives for the conversion of renewable feedstocks to fuels and chemicals. GMT makes a variety of products, many of which are silica based, for coatings, chromatography, pharmaceutical development and manufacturing, food and beverage manufacturing, packaging and sealants, the manufacture of insulated glass, tires, personal care and other products. Its GCP segment makes concrete admixtures and fibers, products for architectural concrete, liquid pigments for colored concrete, cement processing additives, concrete masonry products, air and vapor barriers, roofing underlayments, self-adhered window, door and deck flashings, structural waterproofing systems and fire protection products. The customers include chemicals companies, construction firms, and oil refiners."
Grace has reorganized its businesses into three distinct segments.
Please change "Grace's" to "Grace" to fix grammatical error.
Please change "6,400" employees to "6,500."
Please add "customers in 150 countries," after "in nearly 40 countries."
Please change annual sales figures from "$2.5 billion" to "3.2 billion."
Please change section title “Airline” to “Other Milestones” to capture additional history information that does not warrant added sections.
Please add the following paragraph after the 4th paragraph regarding Miller Brewing under “Other Milestones:”
- “In 1964, the company introduced XZ-15, the first fluid cracking catalyst to contain zeolite. A significant advance over existing catalysts, XZ-15 allows petroleum refiners to increase throughput, conversion and gasoline yield.”
Please change the first sentence of the second paragraph under “Headquarters” to read “In 1991, the company relocated its headquarters from New York City to Boca Raton, Florida.” This clarifies that fact that the headquarters was initially in New York City prior to moving to Boca Raton before ultimately to Columbia, MD.
Please delete “Subsidiaries and products section.” These are no longer relevant to our current business operations and specifics about business segments and various products were detailed above.
Please change section header “Contamination incidents” to “Contamination incidents and Chapter 11.” As a result of the asbestos-related claims, the company and its subsidiaries voluntarily filed for Chapter 11. This information will update and expand on current content.
Please add “and claims” after “lawsuits” in both sentences in the paragraph under the Asbestos subsection.
Please add a subsection under “Contamination incidents and Chapter 11” called “Chapter 11” with the following information that adds to and updates current information starting with “After asbestos injuries…”
- Chapter 11
- “In 2000, asbestos-related claims against the company increased 81 percent, with a higher rate of increase during the first three months of 2001. In response, on April 2, 2001, Grace and 61 of its United States subsidiaries and affiliates, including its primary U.S. operating subsidiary, W. R. Grace & Co.–Conn., filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
- Grace’s Board of Directors determined that a federal court-supervised reorganization offered the best forum available to achieve a fair resolution of its asbestos-related claims.
- Asbestos claimants alleged that Grace had transferred 4 to 5 billion dollars to daughter companies that it had recently purchased, shortly before declaring bankruptcy. Attorneys representing claimants alleged that this amounted to a fraudulent transfer of money in order to protect Grace from civil suits related to asbestos. The bankruptcy court ordered the companies to return nearly $1 billion to Grace, which remained part of the assets to consider in the bankruptcy hearings.
- By April 7, 2008, an agreement-in-principle was reached with the Official Committee of Asbestos Personal Injury Claimants, the Future Claimants Representative and the Official Committee of Equity Security Holders on a plan to resolve asbestos personal injury claims.
- On September 19, 2008, Grace filed a joint plan of reorganization with the U.S. Bankruptcy Court in Delaware. The amended Joint Plan establishes two asbestos trusts to compensate personal injury claimants and property owners. Funds for the trusts will come from a variety of sources including cash, warrants to purchase Grace common stock, deferred payment obligations, insurance proceeds and payments from successor companies. The trusts’ assets and operations are designed to cover all current and future asbestos claims.
- Early in 2011, the U.S. bankruptcy court overruled all objections to the Joint Plan of Reorganization. Five creditors appealed that ruling, and those appeals have been heard by the U.S. Third Circuit Court of Appeals. The company reached a warrant agreement with the Asbestos Trust, and, with the court’s approval, announced a $365 million non-cash charge to adjust its asbestos liability.
- For 12 years under the supervision of the bankruptcy court, Grace continued to acquire companies and grow its business.
- The company has publicly stated that it expects to emerge from bankruptcy in early 2014.”
Please change “are” to “were” in the second to last sentence of the first paragraph under the “Asbestos court case” subsection. The sentence should read, “. The defendants were also accused of obstructing the government’s cleanup efforts and wire fraud.” This corrects a grammatical error.
- for each of the non-trivial content suggestions you provide above (i.e. anything that is not a grammatical change), please provide page numbers to the SEC filing.