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Velan Inc T.VLN

Alternate Symbol(s):  VLNSF

Velan Inc. is a Canada-based manufacturers of industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemicals, liquid natural gas and cryogenics, pulp and paper, geothermal processes and shipbuilding. Its products include Quarter-turn valves, Gate, globe, and check valves, Cryogenic valves, HF Acid valves, Steam traps, Bellows seal valves and Velan ABV Valves. Its services include research and development, maintenance manuals (IOMs), spare parts and service locations. The North American operations comprising two manufacturing plants in Canada, as well as one manufacturing plant and one distribution facility in the United States. Its overseas operations include manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China. The Company’s operations also include a sales operation in Germany.


TSX:VLN - Post by User

Comment by Deepvalue1981on Oct 12, 2021 1:33pm
111 Views
Post# 33997951

RE:RE:Potential Growth Story?

RE:RE:Potential Growth Story?Interesting.  Thanks for sharing and the earnings release seems to back this up with the increased MRO sales. 

It will be interesting to see if they can drive revenues back to a ~$500M run rate while maintaining gm's.  The aesbestos thing is certainly a drag on earnings and thus the share price, but if they can do that it would likely become less of an issue in the eyes of investors.  If they can't, the board reeally needs to step in and push for a saleIMO. The composition seems to be more independant than before, but it's still controlled by the familly so we will see.

Cheers
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