| Business Summary | | Millennium
Chemicals
Inc.
is
an
international
chemical
company,
with
market
positions
in
a
broad
range
of
commodity,
industrial,
performance
and
specialty
chemicals.
The
Company
has
three
principal
wholly
owned
operating
subsidiaries,
Millennium
Inorganic
Chemicals
Inc.,
Millennium
Petrochemicals
Inc.
and
Millennium
Specialty
Chemicals
Inc.
Millennium
also
owns
a
29.5%
interest
in
Equistar.
On
March
23,
2001,
the
Company
announced
that
it
would
restructure
its
operating
businesses
into
two
business
units,
the
Growth
and
Development
unit
and
the
Operational
Excellence
unit.
On
February
1,
2000,
Millennium
Inorganic
Chemicals,
a
subsidiary
of
the
Company,
completed
the
acquisition
of
Hanwha
Advanced
Ceramics
of
South
Korea,
a
company
located
near
Perth,
Western
Australia
that
produces
a
broad
range
of
zirconia
products
that
complement
Millennium
Inorganic
Chemicals'
manufacturing
operations
in
Thann,
Alsace
and
France. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Millenium
Chemicals
is
an
international
chemicals
company,
with
leading
market
positions
in
a
range
of
commodity,
industrial,
performance
and
specialty
chemicals.
For
the
six
months
ended
6/30/01,
revenues
fell
3%
to
$863
million.
Net
loss
totaled
$39
million
vs.
an
income
of
$73
million.
Revenues
reflect
lower
prices
and
lower
volumes
in
the
Titanium
Dioxide
and
Related
Products
segment.
Net
loss
reflects
the
equity
losses,
reorganization
and
plant
closure
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Landuyt, 45 Chairman,
Pres, CEO | $1.8M | John Lushefski, 45 CFO,
Sr. VP | 654K | Robert Lee, 44 Exec.
VP - Growth and Devel., Director | 1.1M | George Hempstead, III, 57 Sr.
VP, Sec., Gen. Counsel | 735K | Richard Lamond, 54 Sr.
VP of HR and Admin. | -- | 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
|
|