GE Plastics Donates $400,000 to Lowndes County Schools; Funds Will Help Secure $4 Million in Bonds for Needed Repairs.Business/Education Editors BURKVILLE, Ala.--(BUSINESS WIRE)--April 4, 2001 GE Plastics, which operates a plastics manufacturing plant here, announced today that it would donate $400,000 to the Lowndes County Lowndes County is the name of several counties in the United States:
The funds will be used for repairs at Calhoun High School where work is needed for the roof, heating and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. systems and plumbing. Under terms of the Qualified Zone Academy Bond, funds borrowed may not be used for new construction. Some of the funds originally budgeted for the repairs were lost to State pro-ration cuts. The Qualified Zone Academy Bonds are repayable in 12 years. To take part in the loan program, schools must have a commitment from a private company or group for contributions totaling at least 10 percent of the bond. "Under the Qualified Zone Academy Bond, the Lowndes schools are positioned to make basic repairs to conditions that are hampering education now," GE Plastics Plant Manager Tom Nicholson said. "We are happy that we can help the school system find a way to get this critically needed work done. This is our community and it is very heartening heart·en tr.v. heart·ened, heart·en·ing, heart·ens To give strength, courage, or hope to; encourage. See Synonyms at encourage. Adj. 1. to see the vision and the goals that the school system has set to improve the education of Lowndes children. The school system found an opportunity to help solve some severe problems, and we are glad we can help them do it." GE Plastics makes an annual voluntary contribution of $200,000 to the Lowndes County School System. The $400,000 presented today includes the total 2001 contribution plus an additional one-time gift of $200,000. "We greatly appreciate the generosity shown to the Lowndes County Public School System by GE Plastics in Burkville," Dr. J Noun 1. Dr. J - United States basketball forward (born in 1950) Erving, Julius Erving, Julius Winfield Erving . William Covington, Superintendent, said. "Our caring corporate neighbor has provided matching dollars that will enable our system to acquire the bonds. These dollars will go a long way to help improve education in our county high school." In addition to the voluntary contribution to the school system, GE Plastics also makes an annual voluntary contribution to the County Commission General Fund of $200,000 and an additional $90,000 to help operate the county ambulance service. The Burkville site of GE Plastics employs 400 people in the manufacture of Lexan(R) polycarbonate A category of plastic materials used to make a myriad of products, including CDs and CD-ROMs. resin, which is used in the manufacture of automobiles, computers, cellular phones, pagers, compact disks, digital video disks, appliances and other consumer durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. . GE Plastics, an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of General Electric Company (NYSE NYSE See: New York Stock Exchange :GE), is a global manufacturer of high performance materials including engineering thermoplastics, silicone products, specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. , petrochemicals, circuit boards and man-made diamonds. The company is also a global distributor of resins through GE Polymerland, and of sheet, film, rod and tube products through Cadillac Plastic and Commercial Plastics and Supply. GE Plastics sales amounted to $7.7 billion in 2000. The company has its headquarters at Pittsfield, Massachusetts "Pittsfield" redirects here. For other places named Pittsfield, see Pittsfield (disambiguation). Pittsfield is the largest city and county seat of Berkshire County, Massachusetts, United States. , U.S.A. Visit us online at www.geplastics.com LEXAN is a registered trademark of General Electric Company |
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