Viskase Companies, Inc. engages in the manufacture and sale of cellulosic food casings primarily in North America, South America and Europe. The company produces non-edible cellulosic and plastic casings and specialty plastic bags used to prepare and package processed meat products, and provides value-added support services relating to the products, for the global consumer products companies. The company’s primary product, artificial casings, is used for preparing processed meats like hot dogs, sausages, and deli meats. The company operates eight manufacturing facilities and eight distribution centers in North America, Europe and South America and, is able to sell its products in most countries throughout the world. The company provides artificial casings and various plastics products for food processors throughout the world. In addition to its casings business, the company also makes plastic barrier bags, other specialty plastics products for food suppliers, membranes for laboratory dialysis and battery separators. The company operates in the small-diameter cellulosic, fibrous and plastic casings market. Casings are used in the production of processed meat and poultry products, such as hot dogs, sausages, salami, ham and bologna. Products The company’s main product lines include: NOJAX casings: Small-diameter cellulosic casings designed for the production of hot dogs, wieners, frankfurters, viennas, cocktail sausages, coarse ground dinner sausages and other small-diameter processed meats. Fibrous casings: Paper-reinforced cellulosic casings utilized in the manufacture of various cooked, smoked and dried processed meats, including sausages, bologna, salami, ham, pepperoni and deli meats. VISFLEX, VISMAX and VISLON plastic casings: Plastic (polyamide) casings, each designed with distinct performance characteristics targeted at various sausage, deli meat and other processed meat and poultry applications. Other Products: The company also manufactures other specialty cellulosic products, a family of cellulosic casings with limited applications for mortadella and specialty sausages, and non-food products targeted at dialysis membrane and specialized battery separator market applications. The company takes on distributor product lines of certain allied products that serve as complementary supply items to casings. Its products include an elastic netting line that it distributes in North America and shrinkable barrier bags that it distributes in Italy. In 2006, the company re-entered the market for heat shrinkable bags made from specialty plastic films. The company’s heat-shrinkable plastic bags, sold primarily under the brand name SEALFLEX, are used to package and preserve products, such as fresh and processed meat products, poultry and cheese during wholesale and retail distribution. The company participates in the multilayer segment to provide multilayer specialty plastic bags. As part of its service orientation, the company also provides graphic art and design services to its customers. The company prints designs, illustrations and texts in multiple colors directly on the specialty plastic bags. The use of a nylon platform has allowed the company to offer optical and sealing properties in its bags. International Operations The company has five manufacturing and/or finishing facilities located outside the continental United States, in Monterrey, Mexico; Beauvais, France; Thaon-les-Vosges, France; Caronno, Italy; and Guarulhos, Brazil. The company’s operations in France are responsible for distributing products, directly or through distributors, in Europe, Africa, the Middle East and parts of Asia. The company markets its processed meat products in North America and Western Europe, and in growing markets in Eastern Europe, Latin America and Southeast Asia. Sales and Distribution The company sells its products in various countries throughout the world. In the United States, Viskase has a staff of technical sales teams responsible for sales and service to processed meat and poultry producers. Approximately 77 distributors market Viskase products to customers in Europe, Africa, the Middle East, Asia, and Latin America. The company’s products are marketed through its own subsidiaries in France, Germany, Italy, Poland, Brazil, and Mexico, and it maintains ten service and distribution centers located in the United States, Brazil, Canada, Germany, Italy and Poland. Competition The company’s principal competitors in the cellulosic casing market are Viscofan, S.A., located in Spain with additional facilities in Germany, the Czech Republic, the United States, Mexico and Brazil; Kalle Nalo GmbH, located in Germany; Wolff Walsrode, a wholly owned subsidiary of Dow Chemical, located in Germany; VT Holding Group, located in Finland; and two Japanese manufacturers, Futamura Chemical, marketed by Meatlonn, and Toho. History Viskase Companies, Inc., formerly known as Envirodyne Industries, Inc., was founded in 1969.
viskase cos inc (VKSC:OTC US)
8205 South Cass Avenue
Darien, IL 60561
|Price/Cash Flow||NM||Not Meaningful|
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