| Business Summary | | Polymer
Group,
Inc.
is
a
manufacturer
and
marketer
of
non-woven
and
oriented
polyolefin
products.
The
Company
supplies
non-woven
products
to
a
number
of
the
largest
consumer
and
industrial
products
manufacturers
in
the
world.
The
Company
has
a
global
presence
with
an
established
customer
base
in
both
developed
and
developing
markets.
Polymer's
product
offerings
are
sold
principally
to
converters
that
manufacture
a
wide
range
of
end
use
products.
Sales
are
focused
in
two
product
segments,
Consumer
and
Industrial
and
Specialty.
The
Consumer
segment
includes
products
within
the
hygiene,
consumer
wiping
and
medical
categories.
The
Industrial
and
Specialty
segment
includes
products
such
as
cable
wrap,
house
wrap,
furniture
and
bedding
applications,
landscape
and
agriculture
products,
protective
apparel,
automotive,
filtration,
flexible
packaging
and
industrial
wiping
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Polymer
Group
manufactures
and
markets
nonwoven
and
oriented
polyolefin
fabric
used
in
hygiene,
medical,
wiping,
industrial
and
specialty
products.
For
the
six
months
ended
6/30/01,
revenues
decreased
9%
to
$415.6
million.
Net
loss
before
extraordinary
item
totaled
$31.6
million,
vs.
an
income
of
$2.8
million.
Revenues
reflect
the
underutilization
of
certain
specialized
manufacturing
assets
and
competitive
pricing
pressures.
Net
loss
reflects
higher
interest
expense
and
lower
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Jerry Zucker, 50 Pres,
Chairman, CEO | $2.5M | James Boyd, 55 Exec.
VP, CFO, Sec., Treasurer, Director | 1.6M | James Schaeffer, 49 Exec.
VP of the Corp. and Pres and COO, Nonwovens | 547K | Rolf Altdorf, 46 VP--Europe,
Nonwovens | 362K | Peter Bourgeois, 56 Group
VP and Gen. Mang. of Fabrene | -- | Dollar amounts are as of 1-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
|
|