The Bhopal PlantThe Bhopal plant was owned and operated by Union Carbide India, Limited
(UCIL), an Indian company in which Union Carbide Corporation held just
over half the stock. The other stockholders included Indian financial
institutions and thousands of private investors in India. UCIL was
established in 1934, when Union Carbide Corporation (UCC) became one of
the first U.S. companies to invest in India. UCIL was a diversified
manufacturing company, employing approximately 9,000 people and operating
14 plants in five divisions. Annual sales were nearly $200 million, and
UCIL shares were publicly traded on the Calcutta Stock Exchange.
In the late 1970s, the Bhopal plant was designed and constructed
by UCIL using Indian consultants and workers and went on to be operated by
an Indian plant management team. The plant was constructed on land leased
to UCIL by the Indian state government of Madhya Pradesh. The plant
produced pesticides for use in India to help the country’s agricultural
sector increase its productivity and contribute more significantly to
meeting the food needs of one of the world's most heavily populated
regions. In 1994, Union Carbide Corporation sold its entire stake
in UCIL to MacLeod Russell (India) Limited, which renamed the company to
Eveready Industries India Limited. In 1998, the government of state of Madhya Pradesh took over the
Bhopal site from Eveready Industries India, Limited. Site Cleanup After the incident, UCIL began cleanup work at the site
under the direction of Indian national and state government authorities.
After the sale of UCIL stock in 1994, the renamed company, Eveready
Industries India Limited, continued cleanup work at the site until 1998.
The government of the State of Madhya Pradesh took over the
facility in 1998 and assumed all responsibility for completing any further
remediation. Since that time, media reports indicate no further cleanup
work has taken place. |
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