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QUANTUM CHEMICAL COMPANY ANNOUNCES EXECUTIVE REORGANIZATIONS AND OFFERS VOLUNTARY SPECIAL RETIREMENT PROGRAM

 NEW YORK, Oct. 26 /PRNewswire/ -- Hanson Industries, the U.S. arm of Hanson PLC (NYSE: HAN), announced additional corporate restructuring plans today affecting Quantum Chemical Company (NYSE: CUE).
 Executive Reorganization
 Dr. Ronald H. Yocum, president and chief executive officer of Quantum, announced that now reporting to him and responsible for specific business areas are Dale H. Spiess, 49, group vice president - polyethylene; Albert P. Flaim, 54, group vice president - chemicals, specialties and international businesses; and Eugene R. Allspach, 46, group vice president - technology and manufacturing.
 Mr. Spiess and Mr. Flaim in their new positions will now be responsible for the operations, sales and marketing functions of their respective product areas, while Mr. Allspach will be responsible for all technology within Quantum, including research and development, engineering and manufacturing.
 Dr. Yocum said, "The restructuring is intended to provide greater concentration on each of Quantum's major businesses, and to increase the development and utilization of technology from research through manufacturing."
 Voluntary Special Retirement Program
 Quantum Chemical Company has implemented a voluntary special retirement program for 232 eligible employees. The program is designed to further reduce staffing costs within Quantum while giving eligible employees the option to receive enhanced benefits. This marks the second phase of restructuring at Quantum since the merger with Hanson on Sept. 30, 1993.
 Quantum recently reduced its Cincinnati workforce by 80 people, or approximately 10 percent of its headquarters' employees. This was the result of organizational changes made to improve work processes and to further downsize the organization. This followed the accelerated closedown of Quantum's New York City corporate office.
 Quantum Chemical Company, headquartered in Cincinnati, is the largest U.S. manufacturer of polyethylene and a major producer of chemicals and specialty polymers.
 Hanson PLC is a British-American industrial management corporation. In the US, Hanson Industries' operations include Peabody Holding Company, Suburban Propane, SCM Chemicals, Cavenham Forest Industries, Beazer, Grove Crane, Jacuzzi Whirlpool Baths, Tommy Armour Golf, Ames Tools, Farberware Cookware and Hanson Office Products Group, among others.
 In the United Kingdom, Hanson's holdings include Imperial Tobacco, ARC Aggregates, London Brick, Butterley Brick, and Smith Meters.
 -0- 10/26/93
 /CONTACT: Mickey Foster of Hanson Industries, 908-603-6977/
 (CUE HAN)


CO: Quantum Chemical Company ST: Ohio IN: CHM SU: PER

MP -- NY033 -- 6813 10/26/93 10:33 EDT
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Publication:PR Newswire
Date:Oct 26, 1993
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