Conrad Industries, Inc. - CNRD- Profile

Conrad Industries, Inc.. The Group's principal activities are construction, conversion and repair of marine vessels and fabrication of modular components of offshore drilling rigs and floating production, storage and offloading vessels. The Group constructs large and small deck barges, single and double hull tank barges, lift boats, push boats, tow boats and offshore tug boats. The conversions operation comprises of lengthening the midbodies of vessels, modifying vessels for use in different activities and other modifications to increase capacity and functionality of a vessel. The Group also performs inspection and repair functions. The customers of the Group are marine service companies, offshore support companies, rig fabricators, offshore and inland barge and support vessel operators, offshore construction and drilling contractors and various governmental agencies. Vessel Construction accounted for 68% of 2003 revenues and Repair and Conversions, 32%