VLNSF

Company Overview

Velan Inc. functions as a global entity specializing in the engineering, production, and worldwide distribution of a broad spectrum of industrial valves. The company's diverse product line encompasses a wide array of specialized valves, such as various cryogenic types including cast steel, small forged, triple-offset, memoryseal ball, and control valves. Velan also offers conventional gate, globe, and check valves, featuring designs like pressure seal, cast steel, small forged, dual-plate check, high-pressure bolted bonnet, corrosion-resistant cast stainless steel, bonnetless, and knife gate valves, as well as essential maintenance valves for nuclear applications. Additionally, its portfolio includes quarter-turn valves, which span general-purpose, high-performance, and metal-seated ball valves, triple-offset valves, high-performance cryogenic butterfly valves, coker ball valves, and cap-tight batch digester capping valves. Further expanding its offerings, Velan manufactures cast and small forged valves tailored for hydrofluoric acid service, alongside bellows seal bolted bonnet high-pressure, seal cast steel, and seal API small forged valves. Complementing its valve range are bimetallic and thermodynamic steam traps. These sophisticated valve systems are crucial for numerous critical industries, including nuclear power generation, conventional power plants, oil and gas extraction and processing, petroleum refining, chemical manufacturing, pulp and paper production, marine vessels, mining operations, liquefied natural gas (LNG) and cryogenics, and water and wastewater treatment. Velan primarily conducts its sales through an established network of independent third-party distributors and dedicated sales agents. Established in 1950 as Velan Engineering Ltd., the company adopted its current name, Velan Inc., in February 1981. Its main corporate offices are situated in Montréal, Canada.

Earnings & Financials