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Home > Company Index > Chemicals > Specialty Chemicals > Octel Corp.

Octel Corp.
NYSE: OTL
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 NEWS FROM THE STANDARD
Sun, Lucent to Build Unified Messaging Platform
Aug 17 1998 12:00 AM PDT

 PROFILE
Octel is trying not to become the butt of a 'knock-knock' joke. The company's main product is TEL (about 70% of sales), a lead alkyl antiknock gas additive sold to oil refineries. Octel readily admits that its TEL sales have been in steady decline since the US enacted the Clean Air Act in 1970 (with other countries following suit); sales fell by about 25% in 2000. Octel, a 1998 spin off from Great Lakes Chemical, is looking to two developing businesses for growth. The company makes other fuel additives (used to burn fuel more efficiently) sold to refiners, and specialty chemicals with applications in the personal care, pulp and paper, and coatings market. Over two-thirds of Octel's sales are in the UK.

 COMPETITION
BASF Aktiengesellschaft (BF)
Exxon Mobil Corporation (XOM)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 422.40
1-Yr. Sales Growth: (18.3)%
Employees: 860
Revenue per employee: $491,162.79

 KEY PEOPLE
• Dennis J. Kerrison
    CEO
• Alan G. Jarvis
    CFO

 CONTACT INFO
PO Box 17, Oil Sites Rd.
Ellesmere Port Cheshire CH65 4HF, United Kingdom
Phone: 44-0-151-355-3611
Fax: 44-0-151-356-2349
Online: Web Site

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