| Business Summary | | Octel
Corp.
is
an
international
chemical
company
specializing
in
the
manufacture,
distribution
and
marketing
of
fuel
additives
and
specialty
chemicals.
Principal
product
lines
are
lead
alkyl
antiknock
compound
(TEL),
other
petroleum
additives
and
performance
chemicals.
The
Company's
products
are
sold
globally,
primarily
to
oil
refineries.
The
Company
is
organized
into
two
business
units
for
reporting
purposes,
TEL
and
Specialty
Chemicals.
TEL,
the
most
significant
of
the
Company's
products,
accounted
for
approximately
71%
of
2000
sales.
TEL
was
first
developed
in
1928
and
introduced
into
the
European
market
for
internal
combustion
engines
to
boost
octane
levels
in
gasoline,
allowing
it
to
burn
more
efficiently
and
eliminating
engine
knock.
It
also
acts
as
a
lubricity
aid,
reducing
engine
wear.
The
Specialty
Chemicals
Business
Unit
comprises
two
developing
business
areas,
Petroleum
Specialties
and
Performance
Chemicals. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Octel
Corp.
is
a
manufacturer
and
distributor
of
fuel
additives
and
other
specialty
chemicals.
The
Co.
has
two
businesses:
Lead
Alkyls
(TEL)
and
Specialty
Chemicals.
For
the
six
months
ended
6/30/01,
revenues
increased
3%
to
$204.6
million.
Net
income
rose
30%
to
$9.6
million.
Revenues
reflect
higher
sales
from
TEL
and
Specialty
Chemicals
due
to
the
acquisitions.
Net
income
reflects
an
improvement
in
gross
profit
margin. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Bew, 64 Chairman | -- | Dennis Kerrison, 56 Pres,
CEO | $1.3M | Alan Jarvis, 51 CFO,
VP | 657K | H. Alan Hanslip, 53 VP,
HR | 520K | John Tayler, 45 Sec.,
Gen. Counsel | 218K | 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
|
|