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Great Lakes Chemical Looks to Future Without Lead Weight.(Originated from The Indianapolis Star and News)
Knight Ridder/Tribune Business News, October, 1997 by Koenig, Bill
WEST LAFAYETTE, Ind.--Oct. 5--It's back to the future for Great Lakes Chemical Corp.
Robert McDonald, the company's president and chief executive, says a "new GLK" (a reference to Great Lakes' stock-trading symbol) is coming.
"It's sort of going back to the old GLK," McDonald says. "The objective will be a better GLK than we've ever seen in the past."
All of this stems from Great Lakes' decision to spin off its Octel Associates unit into a new, independent company. For nearly a decade, Octel, based in the United Kingdom, has been a cash cow for the Indiana company.
Octel makes tetra-ethyl lead additives for gasoline. Although leaded fuel has been banned for decades in the United States, it's still used widely in...
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