Nacco Industries Inc - Company Profile
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NACCO Industries Inc (NACCO) is a holding company for North American Coal Corporation which operates surface mines that supplies coal mainly to power generation companies under long-term contracts. Service portfolio, commitment to innovation and sustainability and reserves and resources are its major strengths, even as increase in liabilities remains a cause for concern. Increase in demand for electricity in the US, technological advancements, strategic agreement and growing global production and consumption of coal could provide growth opportunities to the company. However, increasing manpower costs in the US, operational risks, and government regulations for coal mining in the US could affect company’s performance.
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