Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2020.
MONTREAL — (BUSINESS WIRE) — Velan Inc. (TSX: VLN) (“Velan” or the “Company”) today announced that Rejean Ostiguy has informed the Company of his decision to resign as Chief Financial Officer, having accepted a leadership opportunity at a privately owned company. Velan has commenced a search to identify the Company’s next CFO. Mr. Ostiguy will remain in his role until January 22nd, after the release of Velan financial results for the third quarter.
Velan Inc. ("Velan") (TSX:VLN) announced today that Mr. James Mannebach has been appointed Chairman of the Board.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its second quarter ended August 31, 2020.
Velan Inc. (TSX: VLN) today announced that, on Thursday, July 9th, 2020, it will release its 1st Quarter results for the year ended May 31st, 2020.
Velan has had a rich history of innovation, since its founding by A.K. Velan in 1950. Celebrating its 70th anniversary, the Montreal, Canada-based firm is no stranger to turbulence in the industry. As a world leader in the design and production of cast and forged severe service valves across all major industrial applications, Velan has maintained stability and persevered in the face of uncertainty to weather many storms.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, is pleased to announce as part of the planned succession of the Company`s finance department, the appointment today of Rejean Ostiguy as its new Chief Financial Officer. He will be a key member of the Company’s Senior Management team and is succeeding John Ball, who has been effectively carrying out his mandate as Chief Financial Officer since June 1, 2005. Mr. Ostiguy will report directly to Yves Leduc, CEO, and the Chair of the Audit Committee of Velan Inc.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 29, 2020.
In past weeks, two of Velan’s subsidiaries, Velan ABV Srl and Velan SAS, have secured contracts with a total value of US$63 million. The first, the extension of a previous order with MODEC and, the second, a contract with ITER for their tokamak cooling water system.
Through recent announcements, we are taking measures aimed at improving our operational efficiency and optimizing our manufacturing footprint in North America. As part of our optimization and specialization efforts in North America, we will consolidate our valve manufacturing facilities in Quebec (Canada) from three plants into two. The completion of the consolidation is scheduled for the end of 2020 or the beginning of 2021, allowing for reasonable time for a proper transition and avoiding impact on current orders in progress. The current production will be gradually integrated into our other valve facilities in Quebec and India, which will be focused on the production of specific valve lines to improve delivery and supply chain efficiency.
Velan Inc.'s wholly owned subsidiary located in Lucca, Italy, has been awarded important contracts for the supply of three different types of valves to MODEC Offshore Production Systems (Singapore) Pte. Ltd.
Valve World Americas had the opportunity to speak with Vahe Najarian, Corporate Manager, Research & Development, about the company’s advancements in fugitive emissions technology and continued contributions to the industry at large.
Velan is pleased to announce the appointment today of Duc Tran as its new Vice-President, Engineering. He will be a key member of the Company’s Senior Management team and is succeeding to Gil Perez, who has assumed a new mandate as Vice-President, Product Technology and Strategic Initiatives. He will report directly to Yves Leduc, President and CEO of Velan Inc.
(Houston, TX) Velan introduced the all new Securaseal R-series cast metal-seated ball valve at Valve World Expo in Houston, Texas. The new R-series cast product line leverages Velan’s extensive severe service technology and places it in an optimized package suitable for most processes with fluid slurries and high temperatures.