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Home > Company Index > Manufacturing > Construction, Mining & Other Heavy Machinery > NACCO Industries, Inc.

NACCO Industries, Inc.
NYSE: NC
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 PROFILE
An unlikely combination of strip mines, toaster ovens, and forklifts propel NACCO Industries. Besides mining lignite coal, this holding company's subsidiaries also produce forklift trucks and kitchen appliances. Its NACCO Materials Handling Group (NMHG) makes Hyster and Yale forklifts and accounts for about 60% of sales. Its division with Hamilton Beach/Proctor-Silex and The Kitchen Collection subsidiaries is one of the US's largest full-line producers of small kitchen appliances. Subsidiary North American Coal (NACoal) mines lignite coal and sells it to utilities. The family of founder Frank Taplin and his grandson, Alfred Rankin Jr. (NACCO's chairman, president, and CEO), controls 67% of the company.

 COMPETITION
CLARK Material Handling Company (dossier)
Linde AG (LIN)
Salton, Inc. (SFP)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,871.00
1-Yr. Sales Growth: 10.3%
Employees: 17,200
Revenue per employee: $166,918.60

 KEY PEOPLE
• Alfred M. Rankin
    CEO
• Kenneth C. Schilling
    CFO

 CONTACT INFO
5875 Landerbrook Dr.
Mayfield Heights, OH 44124
US
Phone: 440-449-9600
Fax: 440-449-9607

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