| Business Summary | | Viskase
Companies,
Inc.
operates
in
the
casing
product
segment
of
the
food
industry.
Viskase,
through
Viskase
Corporation
(Viskase),
is
a
major
producer
of
cellulosic
and
plastic
casings
used
in
preparing
and
packaging
processed
meat
products.
Viskase
invented
the
basic
process
for
producing
casings
from
regenerated
cellulose
for
commercial
production
in
1925.
Cellulosic
casings
are
used
in
the
production
of
processed
meat
and
poultry
products,
such
as
hot
dogs,
salami
and
bologna.
To
manufacture
these
products,
meat
is
stuffed
into
a
casing,
which
is
then
cooked
and
smoked. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VCIC
operates
in
the
food
packaging
segment.
Products
manufactured
are
cellulosic
and
nylon
casings
used
in
the
preparation
and
packaging
of
processed
meat
products.
For
the
26
weeks
ended
6/30/01,
revenues
fell
8%
to
$94.5
million.
Net
loss
from
continuing
operations
before
extraordinary
item
fell
22%
to
$20.2
million.
Revenues
reflect
the
continuing
effect
of
reduced
selling
prices
in
the
casings
industry.
Lower
loss
reflects
reduced
interest
expense
due
to
notes
repurchased. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| F. Edward Gustafson, 59 Chairman,
Pres and CEO | $863K | Gordon Donovan, 47 CFO,
VP, Treasurer, Assistant Sec. | 252K | Kimberly Duttlinger, 36 VP,
Sec., Gen. Counsel | 199K | 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
|
|