| | Business Summary | | Harvard
Industries,
Inc.
is
a
direct
supplier
of
components
for
original
equipment
manufacturers
(OEMs)
producing
cars
and
light
trucks
in
North
America,
principally
General
Motors
Corporation,
Ford
Motor
Company
and
Daimler-Chrysler.
During
the
past
year,
the
Company
conducted
its
operations
primarily
through
three
wholly
owned
subsidiaries,
Hayes-Albion
Corporation,
Pottstown
Precision
Casting,
Inc.,
formerly
known
as
Doehler-Jarvis
Pottstown,
Inc.,
and
The
Kingston-Warren
Corporation.
The
Company's
subsidiaries
produce
a
wide
range
of
products
including
rubber
glass-run
channels;
rubber
seals
for
doors
and
trunk
lids;
complex,
high-volume
aluminum
castings
and
other
cast,
fabricated,
machined
and
decorated
metal
products,
and
metal
stamped
and
roll-form
products.
On
September
30,
1999,
substantially
all
the
assets
of
Kingston-Warren
were
sold
to
a
subsidiary
of
Hutchinson
S.A. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | HAVA
is
engaged
in
the
designing,
engineering,
and
manufacturing
of
components
for
cars
and
light
truck
OEMs.
The
Company's
principal
customers
are
GM,
Ford,
and
Chrysler.
For
the
nine
months
ended
6/30/01,
sales
fell
31%
to
$178.8
million.
Net
loss
rose
from
$19.2
million
to
$40.0
million.
Revenues
reflect
a
slowdown
in
North
American
car
and
truck
demand
and
the
shutdown
of
the
Pottstown
facility.
Net
loss
also
reflect
operational
inefficiencies
due
to
reduce
capacity
utilization. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Roger Pollazzi, 62
Chairman,
CEO and Chief Operating Officer | $3.4M | James Gray, 57
Pres | 530K | Theodore Vogtman, 59
Exec.
VP and CFO | 907K | Joseph Gagliardi, 60
Exec.
VP, Admin. and Information Technology | 666K | J. Toscano, 51
Exec.
VP of Strategic Planning/Acquisition and Divestitures | 897K | | Dollar
amounts are as of 30-Sep-1999 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/h/hava.ob.gif)