Company Velan Inc.

Equities

VLN

CA9229321083

Industrial Machinery & Equipment

Market Closed - Toronto S.E. 03:59:21 2024-03-28 pm EDT 5-day change 1st Jan Change
5.85 CAD +9.14% Intraday chart for Velan Inc. +13.59% +9.14%

Business Summary

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.

Number of employees: 1,626

Sales per Business

CAD in Million2022Weight2023Weight Delta
Industrial Valves
100.0 %
515 100.0 % 487 100.0 % -5.55%

Sales per region

CAD in Million2022Weight2023Weight Delta
United States
36.6 %
114 22.1 % 178 36.6 % +56.38%
France
24.5 %
128 24.9 % 119 24.5 % -7.15%
Canada
16.5 %
113 22.0 % 80 16.5 % -29.26%
Italy
13.9 %
102 19.9 % 68 13.9 % -34.11%
Other
8.5 %
57 11.1 % 41 8.5 % -27.31%

Managers

Managers TitleAgeSince
Chief Executive Officer 64 18-07-11
Director of Finance/CFO - 22-04-17
Chief Tech/Sci/R&D Officer - -
Director/Board Member 53 12-12-31
Director/Board Member 72 75-12-31
Public Communications Contact - -
Sales & Marketing - -
Corporate Officer/Principal - -
Corporate Officer/Principal - -
Human Resources Officer - -

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 64 18-07-11
Director/Board Member 77 22-07-06
Director/Board Member 72 75-12-31
Director/Board Member 65 21-07-12
Director/Board Member 53 21-07-12
Chairman 79 70-12-31
Director/Board Member 53 19-07-10
Director/Board Member 53 12-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 5 15,566,567 0 0 19.70 %
Stock B 1 6,019,068 4,252,068 ( 70.64 %) 0

Shareholders

NameEquities%Valuation
Kernwood Ltd.
23.35 %
1,405,500 23.35 % 5 M $
325,634 5.410 % 1 M $
Goodwood, Inc.
2.464 %
148,300 2.464 % 578 370 $
Cigogne Management SA
0.8722 %
52,500 0.8722 % 204 750 $
Howson Tattersall Investment Counsel Ltd.
0.7310 %
44,000 0.7310 % 171 600 $
Gestion Privee Diamant, Inc.
0.3472 %
20,900 0.3472 % 81 510 $
Duke Tran
0.3323 %
20,000 0.3323 % 78 000 $
Axion Swiss Bank SA
0.2675 %
16,100 0.2675 % 62 790 $
7,333 0.1218 % 28 599 $
Manulife Investment Management Ltd.
0.0964 %
5,800 0.0964 % 22 620 $
NameEquities%Valuation
Estate of A K Velan
100.00 %
15,566,567 100.00 % 61 M $

Company contact information

Velan, Inc.

7007 Côte-de-Liesse Road St.Laurent

H4T 1G2, Montréal

+514-748-7743

http://www.velan.com
address Velan Inc.(VLN)

Group companies

NameCategory and Sector
Building Products
Industrial Machinery
Wholesale Distributors