| Business Summary | | Stelax
Industries
LTD.'s
principal
activities
are
conducted
through
its
wholly
owned
subsidiary,
Stelax
(U.K.)
Limited.
The
Company
owns
certain
real
and
personal
property
in
Wales,
United
Kingdom
comprising
the
Aberneath
steel
mill
facilities.
Stelax
(U.K.)
produces
two
separate
product
lines
through
the
Aberneath
Facility:
Nuovinox,
a
stainless
steel
cladded
product
with
a
carbon
steel
core
utilizing
the
Company's
patented
manufacturing
process;
and
steel
abrasive
shot
pellets
which
are
used
as
an
abrasive
cleaner
and
polisher
in
steel
manufacturing. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Stelax
Industries
is
the
patent
holder,
manufacturer
and
distributor
of
NUOVINOX.
NUOVINOX
is
a
composite
steel,
composed
of
a
carbon
steel
core,
which
is
cladded
with
stainless
steel.
For
the
three
months
ended
6/30/01,
revenues
totaled
$266
thousand,
up
from
$133
thousand.
Net
loss
rose
67%
to
$785
thousand.
Revenues
reflect
the
first
successful
volume
production
of
the
Nuovinox
product.
Higher
loss
reflects
higher
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| Harmon Hardy, 72 Chairman,
Pres and CFO | $153K | Dollar amounts are as of 31-Mar-2001 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
|
|