| Business Summary | | Thermo
Fibergen
Inc.
operates
in
three
business
segments:
Cellulose-based
Products,
Fiber-based
Composite
Products
and
Fiber-recovery
and
Water-clarification
Services.
The
Cellulose-based
Products
segment
includes
the
Company's
GranTek
subsidiary,
which
employs
patented
technology
to
produce
biodegradable
absorbing
granules
from
papermaking
byproducts.
Through
the
NEXT
Fiber
Products
Inc.
subsidiary,
the
Fiber-based
Composite
Products
segment
develops,
produces
and
markets
fiber-based
composites
primarily
for
the
building
industry,
used
for
applications
such
as
soundwalls,
decking,
privacy
fencing
and
siding.
Although
it
sold
a
plant
that
provided
fiber-recovery
and
water-clarification
services
to
the
host
mill
on
a
long-term
contract
basis,
the
Company
intends
to
continue
operating
in
this
line
of
business
and
is
pursuing
other
fiber-recovery
projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Thermo
Fibergen
Inc.
operates
primarily
in
two
business
segments:
Fiber-recovery
and
Water-clarification
Services
and
Cellulose-based
products.
For
the
six
months
ended
6/30/01,
total
revenues
increased
11%
to
$5
million.
Net
loss
totalled
$1.1
million
vs.
income
of
$419
thousand.
Revenues
reflect
increased
sales
from
the
Company's
Fiber-based
Composite
Products
segment.
Net
loss
suffered
from
increased
natural
gas
prices,
and
decreased
interest
income. | More
from
Market Guide: Significant
Developments |
| | |
| Position | William Rainville, 59 | Chairman | Jonathan Painter, 42 | Pres,
CEO, Director | Theo Melas-Kyriazi, 41 | CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|