Profile: Material Sciences Corp (MASC.O)
6 Dec 2013
Material Sciences Corporation (MSC) and its subsidiaries design, manufacture and market material-based solutions for acoustical and coated applications. The Company operates three manufacturing plants in the United States and Europe: one facility in Elk Grove Village, Illinois (Elk Grove Village); one facility in Walbridge, Ohio (Walbridge); and one facility in Eisenach, Germany (Eisenach). The Company also operates two research and development facilities: one in Canton, Michigan and one co-located with its manufacturing facility in Eisenach, Germany. In South America, the Company owns 51% of the equity and holds 50% of the voting rights in a joint venture partnership with Tekno S.A. (Tekno), which manufactures and sells acoustical products. The Company has an agreement with a Korean company, Hae Won Steel (Hae Won), to produce Quiet Steel and other laminate products in Korea. MSC is a supplier of engineered material-based solutions. It serves automotive and non-automotive manufacturers.
Acoustical Material-Based Solutions
The Company produces Quiet Steel products at its Elk Grove Village, Walbridge and Eisenach, Germany locations. Acoustical products are also manufactured in Malaysia, in Brazil, through the Company's joint venture with Tekno, and in Korea, through its strategic alliance with Hae Won. The Company's Quiet Steel is engineered to meet a range of needs in the markets the Company serves. The automotive industry is the market for metal composites, which are being used to replace solid sheet metal parts, including body panels, floor pans, wheel wells, oil pans, valve covers and front engine covers. In addition, the Company supplies acoustical products for use in other non-automotive applications for appliances, electronics, and other industrial applications. Acoustical material-based solutions represented approximately 50% of consolidated net sales during the fiscal year ended February 29, 2012 (fiscal 2012).
Coated Material-Based Solutions
The Company’s coated material-based solutions include painted, electrogalvanized (EG) rubber and film protective, decorative and functional coatings applied to coiled metal of various widths and thicknesses. Coated metal material-based solutions represented approximately 50% of consolidated net sales during fiscal year 2012. The coatings are designed to produce both protective and decorative finishes. Its coated products are primarily used by manufacturers of automotive products, building products, appliances and and other industrial products.
Material Sciences Corp
2200 East Pratt Boulevard
ELK GROVE VILLAGE IL 60007