17.75
0.00%
Close of 9 Nov 2026, in CAD
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About Velan
Its shares trade on Toronto Stock Exchange under the ticker VLN.TO. It has been listed since 27 September 1996. In the fiscal year to 28 February 2026, it reported revenue of $301.3m and net income of $172.5m. At that date it held total assets of $346.3m and shareholders' equity of $181.3m.
Velan, Inc. engages in the desiggn, manufacture, and marketing of industrial valves for use in industry applications. The company is headquartered in Montreal, Quebec. The firm produces steel industrial valves operating approximately 15 manufacturing plants across the world. The firm has operations in geographies, including Canada, the United States, France, Italy and Other. The firm's North American operations comprise approximately four manufacturing plants and a distribution facility in Canada, as well as a manufacturing plant and over three distribution facilities in the United States. The firm's overseas operations include manufacturing plants in France, Italy, Portugal, the United Kingdom, Korea, Taiwan, India and China. The firm's operations also include a distribution facility in Germany and over 50% owned Korean foundry.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 27 Sept 1996
- Employees
- 1,695
- Website
- velan.com ↗
Leadership
Pay as last reported
- Mr. James MannebachChairman of the Board, Chief Executive Officer, since 2018C$1.5m
- Mr. Robert VelanVice Chairman of the Board, Executive Vice President - International Operations, since 2010
- Mr. Rishi SharmaChief Financial and Administrative OfficerC$1.0m
- Ms. Laurent PefferkornExecutive Vice President - Global Sales, since 2024C$711,446
- Ms. Helene HoudeExecutive Vice President - VNA Operations, since 2024
- Mr. Shane VelanChief Information Officer
- Mr. Bryant HoltVice President - Sales, Global MRO, since 2024C$641,875
- Mr. Colin RobertsonVice President - Human Resources & HSE
- Mr. Liam TurnerVice President - Legal Services and Corporate Secretary
- Mr. Victor ApostolescuVice President - Quality Assurance
- Mr. Yves LauzeVice President - Engineering
- Mr. Daniel VelanChief Revenue Officer, since 2024
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Velan Inc has a strong reputation in the industrial valve manufacturing industry, which has been built over the course of several decades. The company is known for its high-quality products and innovative solutions.
- Velan Inc has a diverse product portfolio, offering a wide range of industrial valves to meet the needs of various industries. This allows the company to cater to a large customer base and capture different market segments.
- The company has a global presence with manufacturing facilities and distribution networks in multiple countries. This international footprint enables Velan Inc to serve customers worldwide and tap into emerging markets.
- Velan Inc has a strong and committed workforce, consisting of highly skilled engineers and technicians. This enables the company to efficiently design and manufacture complex industrial valves to meet customer specifications.
Weaknesses
- The company heavily relies on the oil and gas industry, which exposes Velan Inc to fluctuations in the market. Economic downturns, changes in government regulations, and fluctuations in oil prices can impact the company's financial performance.
- Velan Inc faces intense competition from both global and local valve manufacturers. Competitors may offer similar products at lower prices or with better service, making it challenging for the company to maintain market share.
- The company's operations are subject to various environmental regulations, which require Velan Inc to invest in compliance measures and potentially face penalties for non-compliance. This adds to the company's operational costs and creates additional challenges.
Opportunities
- There is an increasing demand for industrial valves in emerging economies, driven by infrastructure development projects and technological advancements. Velan Inc can leverage its global presence to tap into these growing markets and expand its customer base.
- Advancements in automation and digitalization present opportunities for Velan Inc to develop smart valves and integrated solutions. By embracing these technologies, the company can enhance its product offering and cater to the evolving needs of customers.
- Government initiatives promoting renewable energy sources, such as wind and solar power, create opportunities for Velan Inc to supply valves for these sectors. Diversifying into renewable energy can help the company reduce its dependence on the oil and gas industry.
Threats
- Volatility in raw material prices, such as steel and alloys, can impact Velan Inc's profitability. Fluctuations in material costs can squeeze profit margins and make it challenging for the company to maintain competitive pricing.
- Political and economic instability in certain regions can disrupt the company's operations and affect its ability to serve customers. Unforeseen events such as trade wars, sanctions, or geopolitical tensions can pose significant threats to Velan Inc's global business.
- The COVID-19 pandemic has had a severe impact on the global economy, including the oil and gas industry. Reduced oil demand and project delays can impact Velan Inc's order intake and financial performance in the short term.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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