NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management.[1] The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium, and other minerals. The Minerals Management segment promotes the development of the Company’s oil, gas, and coal reserves, generating income primarily from royalty-based lease payments from third parties. In addition, the Company has a business providing stream and wetland mitigation solutions.
Wagon of NACCO at train station St. Valentin, Austria (2018)
NACCO Industries originated in 1913 with the incorporation of the Cleveland and Western Coal Company. The name was changed to The North American Coal Corporation (NACCO) in 1925, and the company operated exclusively in the coal industry until the acquisition of Yale Materials Handling Corporation in 1985. This was followed in 1986 by creation of the holding company under the name NACCO Industries, Inc. NACCO Industries expanded into housewares with the purchase of Proctor Silex in 1988[2] and Hamilton Beach in 1990,[3] and expanded its presence in the materials handling industry by adding the Hyster Company in 1989.[4] Yale Materials Handling Corporation and the Hyster Company were combined to form Hyster-Yale Materials Handling, which was spun off in 2012.[5] In 2017, NACCO spun off Hamilton Beach Brands and Kitchen Collections.
^. NACCO Industries. Archived from the original on 13 March 2015. Retrieved 26 September 2014.
^. NACCO Industries. Archived from the original on 8 December 2014. Retrieved 26 September 2014.
^"NACCO company history". Retrieved 26 September 2014.
^Schoenberger, Robert (2012-09-28). "Nacco Industries to complete Hyster-Yale spinoff to shareholders today". cleveland. Retrieved 2021-06-22.
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Official website
January 01, 1970
nacco, industries, this, article, relies, excessively, references, primary, sources, please, improve, this, article, adding, secondary, tertiary, sources, find, sources, news, newspapers, books, scholar, jstor, june, 2021, learn, when, remove, this, message, a. This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources NACCO Industries news newspapers books scholar JSTOR June 2021 Learn how and when to remove this message NACCO Industries Inc is an American publicly traded holding company headquartered in Cleveland Ohio Through a portfolio of mining and natural resources businesses the company operates under three business segments Coal Mining North American Mining and Minerals Management 1 The Coal Mining segment operates surface coal mines under long term contracts with power generation companies and an activated carbon producer pursuant to a service based business model The North American Mining segment provides value added contract mining and other services for producers of aggregates lithium and other minerals The Minerals Management segment promotes the development of the Company s oil gas and coal reserves generating income primarily from royalty based lease payments from third parties In addition the Company has a business providing stream and wetland mitigation solutions NACCO Industries Inc Company typePublic CompanyTraded asNYSE NCRussell 2000 Index componentFounded1913HeadquartersCleveland Ohio United StatesKey peopleJ C Butler Jr Chief Executive Officer ProductsService MiningRevenueUS 140 0 million FY 2019 Operating incomeUS 56 1 million FY 2019 Net incomeUS 39 6 million FY 2019 Total assetsUS 444 7 million FY 2019 Total equityUS 289 3 million FY 2019 Number of employees2 400DivisionsNorth American Coal CorporationWebsitewww wbr nacco wbr comHistory edit nbsp Wagon of NACCO at train station St Valentin Austria 2018 NACCO Industries originated in 1913 with the incorporation of the Cleveland and Western Coal Company The name was changed to The North American Coal Corporation NACCO in 1925 and the company operated exclusively in the coal industry until the acquisition of Yale Materials Handling Corporation in 1985 This was followed in 1986 by creation of the holding company under the name NACCO Industries Inc NACCO Industries expanded into housewares with the purchase of Proctor Silex in 1988 2 and Hamilton Beach in 1990 3 and expanded its presence in the materials handling industry by adding the Hyster Company in 1989 4 Yale Materials Handling Corporation and the Hyster Company were combined to form Hyster Yale Materials Handling which was spun off in 2012 5 In 2017 NACCO spun off Hamilton Beach Brands and Kitchen Collections References edit NACCO nacco com Retrieved 2021 06 22 NACCO company history NACCO Industries Archived from the original on 13 March 2015 Retrieved 26 September 2014 NACCO company history NACCO Industries Archived from the original on 8 December 2014 Retrieved 26 September 2014 NACCO company history Retrieved 26 September 2014 Schoenberger Robert 2012 09 28 Nacco Industries to complete Hyster Yale spinoff to shareholders today cleveland Retrieved 2021 06 22 External links edit nbsp Wikimedia Commons has media related to NACCO Industries Official website Retrieved from https en wikipedia org w index php title NACCO Industries amp oldid 1159571531, wikipedia, wiki, book, books, library,
