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Velan Inc. Company Snapshot
Velan Inc. designs, manufactures and markets a range of industrial valves for use in various industry applications across the world, including power generation, oil and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The Company produces steel industrial valves operating approximately 15 manufacturing plants across the world. The Company has operations in geographies, including Canada, the United States, France, Italy and Other. The Company's North American operations comprise approximately four manufacturing plants and a distribution facility in Canada, as well as a manufacturing plant and over three distribution facilities in the United States. The Company's overseas operations include manufacturing plants in France, Italy, Portugal, the United Kingdom, Korea, Taiwan, India and China. The Company's operations also include a distribution facility in Germany and over 50% owned Korean foundry.

Sales Analysis. Velan Inc. reported sales of C$492.81 million (US$373.06 million) for the fiscal year ending February of 2020. This represents an increase of 2.6% versus 2019, when the company's sales were C$480.35 million. The sales level in 2020 was fairly close to the level five years ago: in 2015, Velan Inc. had sales of C$515.22 million.
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Velan Inc.
  Stock Performance Chart for Velan Inc.
  Stock Data: Recent Stock Performance:
  Current Price (10/23/2020): 5.99
(Figures in Canadian Dollars)
1 Week 3.3%   13 Weeks 13.0%  
4 Weeks 7.7%   52 Weeks -12.4%  
Velan Inc. Key Data:
  Ticker: VLN Country: Canada
  Exchanges: TOR Major Industry: Capital Goods
    Sub Industry: Industrial Valves
  2020 Sales 492,811,913
(Year Ending Jan 2021).
Employees: 1,779
  Currency: Canadian Dollars Market Cap: 129,297,954
  Fiscal Yr Ends: February Shares Outstanding: 21,585,635
  Share Type: Sub Voting Closely Held Shares: 17,092,268
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