Corporate Profile for JLM Industries Inc., dated Dec. 4, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Dec. 4, 1998
Company Name: JLM Industries Inc.
Address: 8675 Hidden River Parkway
Tampa, FL 33637
Main Telephone
Number: 813/632-3300
Internet Home
Page Address
(URL) jlmgroup.com
Chief Executive
Officer: John L. Macdonald
Chief Financial
Officer: Frank A. Musto
Investor Relations
Contact: Frank A. Musto
Business number: 813/632-3300 ext. 252
Public Relations
Contact: Frank A. Musto
Business number: 813/632-3300 ext. 252
Trading Symbol/
Exchange: JLMI/Nasdaq
Industry: Chemicals
Market Makers: CIBC Oppenheimer & Co. Inc. OPCO
Herzog, Heine, Geduld Inc. HRZG
Weatherly Securities Co. WETH
A.G. Edwards & Sons Inc. AGED
Island System Corp. ISLD
Company description: JLM JLM Jesus Loves Me JLM Just Like Me JLM Junior League of Memphis JLM Junior League of Minneapolis JLM Junior League of Mobile JLM Junior League of Madison JLM Junior League of Montgomery JLM Junior League of Miami, Inc. JLM Junior League of McAllen, Inc. Industries Inc. is a leading marketer and distributor of certain commodity chemicals, principally acetone acetone (ăs`ĭtōn), dimethyl ketone (dīmĕth`əl kē`tōn), or 2-propanone (prō`pənōn), CH3COCH3 and phenol phenol (fē`nōl), C6H5OH, a colorless, crystalline solid that melts at about 41°C;, boils at 182°C;, and is soluble in ethanol and ether and somewhat soluble in water. . The company believes it is the second-largest marketer of acetone and the fifth-largest marketer of phenol in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . It is also a global distributor of olefins, principally propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. , as well as other commodity and specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. . The company's principal products are used in the production of adhesives, coatings, forest product resins, paints, pharmaceuticals, plastics, solvents, synthetic rubbers, and food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. . Revenues for the nine months ended Sept. 30, 1998 were $226.0 million. Revenues for the marketing segment were $181.8 million and revenues for the manufacturing segment $44.2 million. Gross profit for the nine months ended Sept. 30, 1998 was $27.0 million. Gross profit for the marketing segment was $13.7 million and gross profit for the manufacturing segment $13.3 million. Stock high/low: $13.50/$5.00. |
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