| Business Summary | | Sterling
Chemicals
Holdings
Inc.,
through
its
subsidiaries,
manufactures
seven
commodity
petrochemicals.
The
Company
also
operates
a
disodium
iminodiacetic
acid
(DSIDA)
plant
at
its
Texas
City
facility
that
is
owned
by
Monsanto.
The
Company
also
manufactures
chemicals
for
use
primarily
in
the
pulp
and
paper
industry
and
acrylic
fibers.
The
Company
also
produces
styrene,
acrylonitrile,
acetic
acid,
plasticizers,
methanol,
tertiary
butylamine
(TBA)
and
sodium
cyanide.
The
Company
generally
sells
its
petrochemicals
products
to
customers
for
use
in
the
manufacture
of
other
chemicals
and
products.
The
Company
produces
regular
textile
fibers,
specialty
textile
fibers,
and
technical
fibers
at
its
acrylic
fibers
facility,
as
well
as
licensing
its
acrylic
fibers
manufacturing
technology
to
producers
worldwide.
In
July
2001,
the
Company
and
most
of
its
United
States
subsidiaries
filed
voluntary
petitions
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STXX
manufactures
seven
commodity
petrochemicals
and
chemicals
for
use
primarily
in
the
pulp
and
paper
industry.
For
the
six
months
ended
3/31/01,
revenues
fell
13%
to
$443.8
million.
Net
loss
applicable
to
Common
totaled
$84.8
million,
up
from
$8.5
million.
Revenues
reflect
lower
styrene
sales
prices
and
sales
volumes
due
to
a
slowdown
in
general
worldwide
economic
activity.
Higher
loss
reflects
weaker
styrene
margins
due
to
increases
in
raw
material
and
energy
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frank Diassi, 67 Chairman | $380K | David Elkins, 58 Pres,
Director | 289K | Robert Roten, 66 Vice
Chairman | -- | Paul Vandrhoven CFO,
Exec. VP | -- | Richard Crump, 54 Exec.
VP, Operations | 224K | Dollar amounts are as of 30-Sep-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
|
|