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Thursday, December 24, 2009, 9:19PM ET - U.S. Markets closed early today. Dow Up 0.51% Nasdaq Up 0.71%
MFRI Inc. (MFRI)At 12:59PM ET: 6.75  Up 0.05 (0.75%)  
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MFRI Inc.
7720 North Lehigh Avenue
Niles, IL 60714-3491
United States - Map
Phone: 847-966-1000
Fax: 847-966-8563
Web Site: http://www.mfri.com

DETAILS 
Index Membership:N/A
Sector:Industrial Goods
Industry:Pollution & Treatment Controls
Full Time Employees:1,501

BUSINESS SUMMARY 
MFRI, Inc. engages in the manufacture and sale of piping systems, filtration products, and industrial process cooling equipment in the United States and internationally. The company’s Piping System segment engineers, designs, manufactures, and sells specialty piping systems, and leak detection and location systems. This segment’s specialty piping systems include industrial and secondary containment piping systems for transporting chemicals, waste streams, and petroleum liquids; insulated and jacketed district heating and cooling piping systems for energy distribution to various locations from central energy plants; and oil and gas gathering flow and long lines for oil and mineral transportation. Its leak detection and location systems are used to monitor areas, where fluid intrusion might contaminate the environment and endanger personal safety. Its Filtration Products segment manufactures and sells filter elements for air filtration and particulate collection systems. It markets air filtration-related products and accessories; and provides maintenance services consisting of dust collector inspection, filter cleaning, and filter replacement. This segment’s products and services are used primarily by the operators of utility and industrial coal-fired boilers, incinerators, and cogeneration plants. The company’s Industrial Process Cooling Equipment segment engages in the engineering, design, manufacture, and sale of industrial process cooling equipment, including liquid chillers, mold temperature controllers, cooling towers, plant circulating systems, and related accessories for use in industrial process applications. This segment markets its products to thermoplastics processing and printing industries, original equipment manufacturers, and cooling manufacturers, as well as to manufacturers in the laser, metallizing, and machine tool industries. The company also engages in HVAC systems installation. MFRI, Inc. was founded in 1989 and is based in Niles, Illinois.
Key Statistics

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    CORPORATE GOVERNANCE 
    MFRI Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 45.9% of CGQ Universe companies and 25.8% of Capital Goods companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. David Unger , 74
    Chairman and Chief Exec. Officer
    $ 549.00K $ 0
    Mr. Michael D. Bennett , 64
    Chief Financial Officer, Principal Accounting Officer, VP, Sec. and Treasurer
    $ 331.00K $ 0
    Mr. Fati A. Elgendy , 60
    VP, Pres of Perma Pipe Inc and Chief Operating Officer of Perma Pipe Inc
    $ 1.14M $ 37.00K
    Mr. Billy E. Ervin , 63
    VP and VP of Perma Pipe Inc
    $ 583.00K $ 0
    Mr. Robert A. Maffei , 61
    VP, VP of Perma Pipe Inc of Sales & Marketing - Perma Pipe Inc
    $ 684.00K $ 0
    Dollar amounts are as of 31-Dec-09 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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