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  September 5, 2001
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Home > Company Index > Automotive & Transport Equipment > Auto Parts > Raytech Corporation

Raytech Corporation
NYSE: RAY
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 PROFILE
Raytech knows the problems friction can cause. The company makes wet-engineered friction products (62% of sales) that are used in an oil-immersed environment for heat resistance, inertia control, energy absorption, and transmissions in trucks, buses, and farm machinery. Its dry friction components include clutch facings used in car and truck manual transmissions. Raytech also makes aftermarket transmission components, which it sells to warehouse distributors and retailers. The US accounts for 83% of sales, with Germany contributing the remainder. Customers include DaimlerChrysler (15% of sales) and Caterpillar. Raytech has been in Chapter 11 bankruptcy since 1989 due to asbestos and environmental liabilities.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 239.50
1-Yr. Sales Growth: (5.0)%
Employees: 1,642
Revenue per employee: $145,858.71

 KEY PEOPLE
• Albert A. Canosa
    CEO
• John B. Devlin
    CFO

 CONTACT INFO
4 Corporate Dr., Ste. 295
Shelton, CT 06484
US
Phone: 203-925-8000
Fax: 203-925-8088
Online: Web Site

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