Overview

The economic prosperity of a city, state or nation is largely dependent on the amount, and type, of business being conducted there. Payroll, taxes and corporate purchases all contribute significantly to economic health — and, indirectly to infrastructure, civic institutions and culture. In this section we have tried to share some key indicators of our impact on the Seadrift Operations community as well as of the economic performance of the site.

Here are some key indicators of our impact on the local community:

Note: Data for 1994 to 1997 is not available.

Production

Local Purchasing When it comes to local purchases, we face a very difficult trade-off. As a competitive, global enterprise, we have a responsibility to actively manage our costs to a minimum. For certain products this means consolidating purchases and buying in great volume independent of the location of the supplier. However, there are other products and services that by their very nature will be bought locally, such as contract labor and certain maintenance activities. Our purchasing group works closely with local suppliers to educate them about our strategic purchasing requirements. Payroll

Taxes Taxes paid by a company to the various authorities are an important part of our economic "footprint" in locations where our sites reside. In 2004, Seadrift Operations paid $9.8 Million USD in local property and sales/use taxes.