Reach SettlementST. LOUIS - Monsanto Co. announced it has reached a settlement with the Occupational Safety & Health Administration that eliminates or revises record- keeping citations received in 1986 at two Monsanto facilities.
Monsanto originally had been cited for 11 willful violations at its Nitro, W. Va., plant and seven at its former Deep River, Conn., plant. The allegations made by OSHA involved the interpretation and intent of record- keeping guidelines, not safety violations that endangered employee or community safety and health.
The new agreement deletes several violations. The total fine for the two plants was reduced from $60,000 to $29,000.
Amoco Fabrics Plans
ATLANTA - Amoco Fabrics & Fibers Co. recently announced plans for construction of a new 208,000-square-foot research and development facility near here.
The new facility, scheduled for completion in July 1988, will house the company's U.S. data processing facilities, which are based in Hazlehurst, Ga., according to A.W. Olson, president.
Our new facility is located on a 55-acre site giving us the flexibility to expand as our business grows in the future, Mr. Olson said. We plan to expand our markets substantially in the next 10 years by developing new products and improving our processes to keep our costs down.
AIDS Test Approval
FAIRFIELD, N.J. - The Food & Drug Administration has approved Electro- Nucleon ics' new Virgo immunofluorescent test for AIDS antibody for export to West Germany, France, Holland, Belgium, Italy, Spain, Austria, Switzerland and Australia.
The company said approval for sale of the AIDS product has been obtained
from each host country. It also has been submitted for approval in Japan and the United States.
The company plans to market the new antibody test as a complementary test for determination of antibody status in Elisa positive samples.
The test also will be marketed as part of ENI's extensive line of indirect fluorescent antibody tests for infectious disease as a primary diagnostic test to smaller laboratories, hospitals and researchers.
Cyprus to Acquire
DENVER - Cyprus Minerals Co. announced that it has agreed to acquire Foote Mineral Co. for $90 million.
Foote, 82 percent-owned by Newmont Mining Corp., would be merged with a newly formed subsidiary of Cyprus. Under the terms of the proposed cash merger, common stockholders of Foote would receive approximately $10.32 a share. The acquisition could be completed in the first quarter of 1988.
Foote Mineral, headquartered in Exton, Pa., is a major producer of lithium, used in the manufacture of high-performance batteries.
Cyprus, headquartered in Englewood, Colo., is a major producer of copper, molybdenum, gold, coal and a variety of industrial minerals. Newmont is headquartered in New York City.