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7007 Côte de Liesse Rd. Montreal, Quebec H4T 1G2, Canada Tel. 514-748-7743 Fax 514-748-8635 |
Type: Public
On the web:
http://www.velan.com
Employees:
1,797
Employee growth: 4.8%
Valve making is an open and shut case at Velan. The company makes a variety of industrial valves including forged steel globe, gate, check, butterfly, ball, metal-seated, and power ball. Other products include steam traps and gear actuators. The company sells its products under the Velan brand name as well as Mermoryseal, Torqseal, Valvac, and Proquip. Velan's valve products are used in a variety of industries including nuclear power and power generation, chemical and petrochemical manufacturing, oil and gas, pulp and paper, mining, and shipbuilding. The company caters to customers through worldwide field engineering service and sales offices, and a slate of distribution partnerships.
Key numbers for fiscal year ending May, 2008:
Sales: $474.3M
One year growth: 21.7%
Net income: $12.6M
Income growth: (26.7%)
Officers:
Chairman and EVP, North American Sales: Ivan C. Velan
CEO and Director: A.K. Velan
President and Director: Tom Velan
Competitors:
Dresser, Inc.
Flowserve
ITT Corp.




