Small/Medium Chemical Companies Ready for 2000

October 9, 2000
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WASHINGTON — The latest inquiry by a number of industry associations finds that small- and medium-sized chemical manufacturers, formulators and distributors are substantially ahead of schedule for implementing plans to avert possible Y2K computer problems.

The results of a second-quarter 1999 survey of more than 300 chemical companies were released in comments to the U.S. Senate Special Committee on the Year 2000 Technology Problem. Getzer-Kraus Inc., Washington, conducted the survey, and responses were solicited from U.S. companies with gross annual sales of $75 million or less.

The survey determined that all responding companies will reach 100% Y2K readiness in business, information and technology systems; manufacturing, inventory and distribution systems; embedded systems; and supply chains by the fourth quarter of 1999.

Both the survey and congressional testimony at a field hearing in May contradict claims that small- tomedium-sized chemical enterprises are unaware and ill prepared for Y2K challenges. The survey results clearly indicate that these companies have placed considerable emphasis on preparing for Y2K concerns. Additionally, the management and employees of these companies are serious and organized with their Y2K mitigation and contingency plans.

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