DSHW-1982-000121 - 0901a0688013fdd2

P.O. Box 524, Brigham City, Utah 84302
801/863-3511 '-^^
WASATCH DIVISION
DSHW TN
1902.10001
lenfa/
rJ. Gt
health
14 July 1982
Dale Parker, Ph.D
Executive Secretary
Utah Solid and Hazardous Waste Committee
Utah Department of Health - _^.>
150'West North Temple
P.O. Box 2500
Salt Lake City, Utah 84110
Dear Dr. Parker:
Subject: Closure/Post-Closure Requirements
Enclosed please find a copy of the letter sent by Thiokol to the Region VIII
EPA administrator to satisfy the financial requirements for Closure/Post-Closure
care as required by subpart (§) "of 40 CFR parts 264 and 265. The letter satisfies
the Closure/Post-Closure financial requirement 6 July 1982 deadline.
If there are any questions concerning this matter, please contact me at Tele-
phone No. 863-8885.
Very truly yours
Ronald J. Taylor
Environinentai Coordinator
RJT/lc
Enclosure
A DIVISION OF THIOKOL CORPORATION
THIOKOL CORPORA TION
Newtown. Pennsylvania 18940- 0179
215-968-5911
DSHWTN
1982.10002
y AV'CC^^^C^^X^ / EXECUTIVE OFFICES
2 July 1982
Regional Adrtiinistxator _ . _ _ .
U. S. EPA - Region VIII
1860 Lincoln Street
Denver/ Colorado 80203
I am the chief financial officer of iMokol Corporation, P.O. Bex 1000,
Newtcwn, PA 18940. Tliis let±er is in support of this firm's use of
the financial test to demonstrate financial assurance, as specified in
Subpart H of 40 CFR Parts 264 and 265.
1. This firm is the owner or qperator of the follcv/ing facilities for
which financial assirrance for closure or post-closure care is
daionstrated through the financial test specified in Subpart H of
40 CFR Parts 264 aiid 265. The current closiare and/or post-closure
cost estimates covered by the test are shown for each facility:
Cost Estimates
Closure Post-Closure Care
WVD074968413 Specialty Chenicals Division $98,500 N/A
Newell Plant
P.O. Box E, Route 2
• Newell, WV 26050' ' "
WAD020231536 Ventron Division 11,684 N/A
EJjna Plant
P.O. Box 1224, Route 12
Elma, WA 98541
2. This firm guarantees, throu^ the corporate guarantee specified in
Subpart H of 40 CFR Parts 264 and 265, the closure or post-closure
care of the following facilities owned or operated by subsidiaries
of this firm. The current cost estimates for the closure or post-
closiire care so guaranteed are shown for each facility:
Cont'd...
THIOKOI/Executive Offices -2-
Oost Estimates
OHD000724138 Carstab Corporation
West Street
Cincinnati, CH 45215
Closxxce
$ 86,950
Post-Closirre Care
N/A
3. In states v^ere EPA is not administering the financial requirements
of Subpart H of 40 CFR Parts 264 and 265, this firm, as ot-mer or
operator or guarantor, is demonstrating financial assurance for the
closiore or post-closure care of the fcllcwing facilities through the
use of a test eguivalent or substantieilly eqiiivalent to the financial
test specified in Subpart H of 40 CFR Parts 264 and 265. The current
closure and/or post-closure cost estimates covered by such a test
are shewn for each facility:
Cost Estimates
Closure Post-Closure Care
MDD003067121 Elkton Division
P.O. Box 241, Route 40
EDcton, I'D 21921
$ 5,240 N/A
4. This firm is the owner or operator of the follcving hazardous waste
managonent facilities for vrfiich financial assurance for closure or,
if a di .sposal facility, post-closure care, is not demonstrated either
to EPA or a state throu^ the financial test or any other financial
assurance mechanism specified in Subpart H of 40 CFR Parts 264 and
265 or equivctlent or substantially eguivalent state mechanisms. The
current closure and/or post-closure cost estimates not covered by
such financial assurance are shewn for each facility:
- -- -.-.._..- _ -., _ ..— ... Cost-Estimates-
Closure Post-Closure Care
MAD001022375
MAD099199051
MSD008186587
Ventron Division $ 2,845
Beverly Plant
12-14 Congress Street
Beverly, MA 01915
Ventron Division $ 20,425
154 Andover Street
Danvers, MA 01923
Specialty Chemicals Division $211,040
Moss Point Plant
P.O. Box 666
5724 Elder Ferry Road
Moss Point, MS 39563
Cont'd...
N/A
N/A
$54,900
THIOKOVExecutive Offices -3-
ILD096787049
UTD009081357
CAD008334260
Ventron Division
Chicago Plant
1645 S. Kilboume Avenue
Chicago, IL 60623
Wasatch Division
P.O. Box 524, Route U-83
Brigham City, UT 84302
Dynachan Corporation
P.O. Box 12047
2631 Michelle Drive
Tustin, CA 92680
Oost Estimates
Closure Post-Closure Care
$ 9,200 N/A
$ 37,300
$ 11,350
$45,000
N/A
This firm is reguired to file a Form lOK with the Securities and
Exchange Ocmmission (SEC) for the latest fiscal year.
The fiscal year of this firm ends on the Sunday closest to calendar year
end. The figures for the following items marked with an asterisk are
derived fron this firm's independently audited, year-end financial state-
ments for the lastest corpleted fiscal year, ended January 3, 1982.
Continued.
-4-
ALTEPNATTVE I
*2.
*3.
*4.
*5.
*6.
7,
*8.
*9,
Sum of current closure and post-closure cost
estimates (total of all cost estimates shewn
in the four paragraphs above)
Total liabilities (if any portion of the
closure or post-closure cost estimates is
included in total liabilities, you may deduct
the amount of that portion frcm this, line
and add that amount to lines 3 and 4)
Tangible net worth
Net worth
Current assets
Current liabilities
Net working capital (line 5 minus line 6)
The sum of net incone plus depreciation, deple-
tion, and amortization
Total assets in U.S. (reguired only if less
than 90% of firm's assets are located in the
U.S.)
594,434
$216,045,743
$214,704,463
$251,685,461
$242,620,959
$124,395,849
$118,225,110
$ 61,707 ,808
$.417,700,000
—10. Is-line 3 .at least $10-million?-..
11. Is line 3 atleast 6 times line 1?
12. Is line 7 at least 6 times line 1?
*13. Are at least 90% of firm's assets located in
the U.S.? If not, coiplete line 14.
14. Is line 9 at least 6 times line 1?
15. Is line 2 divided by line 4 less than 2.0?
16. Is line 8 divided by line 2 greater than 0.1?
17. Is line 5 divided by line 6 greater than 1.5?
Yes
X- -
X
X
X
X
X
X
No
---
X
.sy
(,cif <."••
Continued.
THIOKOVExecutive Offices -5-
I hereby certify that the wording of this letter is identical to the
wording specified in 40 CFR 264.151(f) as such regulations were constitu-
ted on the date shown immediately belcw.
Albert Roeper, Vice ident/Finanoe
July 2. 1982
Enclosures: SEC Form lOK for 1981
Special Report fron Independent CPA
^^¥K][LO^ ^©um
ARTHUR YOUNG & COMPANY
520 BROAD STREET
NEWARK, NEW JERSEY 07102
[phone]
Thiokol Corporation
Newtown, Pennsylvania 18940
We have examined the consolidated financial statements of Thiokol
Corporation for the year ended January 3, 1982, and have issued
our report thereon dated February 12, 1982. Our examination was
made in accordance with generally accepted auditing standards and,
accordingly, included such tests of the accounting records and
such other auditing procedures as we considered necessary in the
circumstances.
At the request of Thiokol Corporation, we have compared the data
marked with an asterisk at Alternative I in the July 2, 1982
lettisr (issued pursuant to Subpart H of 40CFR, Part 265.145) from
Mr. Albert Roeper, Vice President-Finance and Treasurer of Thiokol
Corporation, to the independently audited consolidated financial
statements of Thiokol Corporation for the year ended January 3,
1982.
In connection with the procedure referred to in the preceding
paragraph, no matters came to our attention that caused us to
believe that the data referred to in such paragraph sbould be
adjusted.
^/^^. ^"^^^
July 2, 1982