| Business Summary | | Pioneer
Companies,
Inc.
manufactures
and
markets
chlorine
and
caustic
soda
and
several
related
products.
Pioneer
conducts
its
primary
business
through
its
operating
subsidiaries,
Pioneer
Americas
Inc.
and
PCI
Chemicals
Canada
Inc.
Pioneer
owns
and
operates
five
chlor-alkali
plants
in
North
America,
with
aggregate
production
capacity
of
approximately
950,000
electrochemical
units,
each
consisting
of
one
ton
of
chlorine
and
1.1
tons
of
caustic
soda,
as
well
as
certain
related
product
manufacturing
facilities.
In
addition
to
its
chlor-alkali
capacity,
Pioneer
manufactures
hydrochloric
acid,
bleach,
sodium
chlorate
and
other
products.
In
August
2001,
the
Company
and
certain
of
its
subsidiaries
filed
voluntary
petitions
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
A
parallel
filing
under
the
Companies'
Creditors
Arrangement
Act
was
filed
in
Superior
Court
in
Montreal
by
Pioneer's
Canadian
subsidiary. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pioneer
Companies,
Inc.
manufactures
chlorine,
caustic
soda
and
several
related
downstream
water
treatment
products,
principally
hydrochloric
acid,
bleach,
iron
chlorides
and
aluminum
sulfate.
For
the
three
months
ended
3/01,
revenues
rose
4%
to
$87.7
million.
Net
loss
totalled
$20.1
million,
up
from
$9.6
million.
Revenues
reflect
higher
electrochemical
unit
prices.
Higher
loss
reflects
an
increase
in
power
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
88,304;
after
tax
earnings
were
-15,169. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| William Berkley, 55 Chairman | -- | Michael Ferris, 56 Pres,
CEO, Chief Operating Officer, Director | $405K | Donald Donahue, 76 Vice
Chairman | -- | Philip Ablove, 61 CFO,
Exec. VP, Director | 232K | Pierre Prud'homme, 42 VP,
Controller | 87K | 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
|
|