| Business Summary | | Raytech
Corporation
and
its
subsidiaries
manufacture
and
distribute
engineered
products
for
heat
resistant,
inertia
control,
energy
absorption
and
transmission
applications.
Raytech's
products
are
sold
around
the
world,
through
export
from
the
United
States
plants,
through
its
wholly
owned
subsidiaries
in
Germany,
the
United
Kingdom
and
China,
and
through
distributors.
The
Company's
operations
are
categorized
into
three
business
segments:
wet
friction,
dry
friction
and
aftermarket. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Raytech
Corporation
is
a
multinational
manufacturer
and
marketer
of
specialty
engineered
products
for
heat
resistant,
inertia
control,
energy
absorption
and
transmission
applications.
For
the
26
weeks
ended
7/1/01,
net
sales
fell
18%
to
$105.8
million.
Net
income
totaled
$65
million
vs.
a
loss
of
$7.06
billion.
Revenues
reflect
reduced
demand
from
the
automotive
original
equipment
customers.
Earnings
reflect
the
absence
of
$7.21
billion
of
asbestos
and
environmental
provisions. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Albert Canosa, 54 Pres,
CEO, | $896K | John Devlin, 48 VP,
Treasurer and CFO | 451K | John Easton, 56 VP | 494K | LeGrande Young, 64 VP
of Admin., Sec., and Gen. Counsel | 603K | Dollar amounts are as of 2-Jan-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
|
|