| Business Summary | | TOR
Minerals
International,
Inc.
is
a
specialty
chemical
company
engaged
in
the
business
of
manufacturing
and
marketing
mineral
products
for
use
as
pigments
and
pigment
extenders,
used
in
the
manufacture
of
paints,
industrial
coatings
and
plastics.
The
Company's
principal
product,
HITOX
(high
grade
titanium
dioxide),
is
a
color
pigment
with
a
high
titanium
dioxide
content.
HITOX
accounted
for
64%
of
net
sales
in
2000,
and
74%
1999.
TOR
also
manufactures
and
sells
a
line
of
barium
sulfate
pigment
extenders
under
the
brand
name
BARTEX,
alumina
trihydrate
under
the
name
HALTEX,
which
is
a
filler
used
in
plastics
for
its
flame
retardant
properties
and
sells
iron
oxide
pigments
under
the
name
OSO,
which
are
used
in
primers,
color
concentrates
and
other
specialty
coatings
for
its
color
properties.
The
Company
sells
its
products
in
the
United
States
and
markets
them
to
customers
located
in
more
than
60
foreign
countries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TOR
Minerals
Int'l
manufactures
and
sells
pigments
and
extenders
used
in
the
manufacture
of
paints,
industrial
coatings
and
plastics.
The
Co.'s
main
product
is
HITOX,
a
buff-colored
titanium
dioxide
pigment.
For
the
three
months
ended
3/31/01,
revenues
rose
3%
to
$3.5
million.
Net
loss
totaled
$490
thousand
vs.
an
income
of
$103
thousand.
Revenues
reflect
higher
HALTEX
pigment
sales.
Net
loss
reflects
reduced
production
output
of
products
and
higher
sales
of
lower
margin
products. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,028;
after
tax
earnings
were
9. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Bernard Paulson, 72 Chairman | $80K | Richard Bowers, 58 Pres,
CEO, Director | 110K | Christopher McGougan, 55 Exec.
VP | -- | Kelso Brooks, Jr., 53 Sr.
VP | 122K | Barbara Russell, 48 Controller,
CAO | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|