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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 May 19, 2022 1:51pm
190 Views
Post# 34695899

RE:RE:Q4 results - shaking my head

RE:RE:Q4 results - shaking my headNot to mention that the bidding environment must be very robust at the moment. Their book to bill ration was negative but look at the date of the end of Q4 and what the energy markets have done subsuquently.  They have significantly improved their disipline when bidding on projects over the past couple of years resulting in much better GM's. If they can maintain this level of volume and put some of these asbestos expenses in the rear view, we could see them get to $20M in opperating profits this quarter (without non reccuring items)
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