GenTek, Inc. (NASDAQ:GETI)
Industry: Consumer Goods
GenTek Inc. (GenTek) is a holding company whose subsidiaries manufacture industrial components and performance chemicals. The Company's subsidiaries operate through two primary business segments, manufacturing and performance chemicals. The manufacturing segment provides a range of engineered components and services to three principal markets, automotive, appliance and electronic, and industrial. The performance chemicals segment provides a range of value-added chemical products and services to four principal markets, environmental services, pharmaceutical and personal care, technology, and chemical processing. The Company operates over 60 manufacturing and production facilities located primarily in the United States, Canada, Mexico and India with additional operations in Germany and the United Kingdom. During the year ended December 31, 2005, GenTek ceased operations of its printing plate business. Manufacturing Segment The automotive market of the manufacturing segment of the Company provides precision-engineered components for valve-train systems, including stamped and machined rocker and roller-rocker arms, cam follower rollers, cam follower roller axles, antifriction bearings, mechanical roller tappets and other hardened/machined components; electronic wire and cable assemblies, such as wire harnesses, ignition cables, molded parts, electro-mechanical assemblies, engine block heaters, battery blankets and various electrical switches, used in the manufacture of automobiles, light and heavy duty trucks and personal recreation vehicles, such as snowmobiles and personal water crafts; computer-aided and mechanical vehicle and component testing services for the transportation industry, and fluid transport and handling equipment for automotive service applications. Through its automotive testing offerings, GenTek provides mechanical testing services and computer-aided design, engineering and simulation services for automotive structural and mechanical systems to original equipment manufacturers (OEMs) and Tier 1 suppliers. The Company's wire and cable assembly products include a variety of automotive electronic components for use in OEM production and the aftermarket. GenTek's engineering and simulation services provide customers with finite element modeling, kinematics, and crash and variation simulation analyses, and allow its customers to test their automotive products for durability, stress, noise, vibration and environmental considerations. The Company is a supplier of products, such as wire harnesses, ignition cables, engine block heaters, battery blankets and various electrical and electro-mechanical switches and assemblies. Under appliance and electronic market, the GenTek produces custom-designed power cord systems and wire and cable assemblies for a range of appliances and electronic products including, household appliances, such as refrigerators, freezers, dishwashers, washing machines, dryers, ovens, ranges and air conditioners; electronic office equipment, including copiers and printers, and various electronic products, such as medical equipment, (automated teller machine) ATM machines and water treatment equipment. The Company operates manufacturing facilities in Canada, Mexico and India and also sources certain finished products from third-party manufacturers in Asia. Many of these facilities produce wire and cable assemblies for the appliance and electronic market, as well as the automotive market. For the industrial market, GenTek manufactures custom-designed wire harness and power cord systems for power tools, motors, pumps and other industrial products, and wire and cable for industrial markets, the commercial and residential construction industries and for a variety of end-market uses by OEMs. Performance Chemicals Segment GenTek's performance chemicals segment provides, in the environmental market, a network of 35 water treatment chemical plants located throughout the United States and Canada. The Company produces aluminum sulfate (alum), which is used as a coagulant in potable water
As Of: 10/07 00:00 ET
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