A Closer Look/Oglebay Norton

摘要

Following emergence on Jan. 31, 2005, from an 11-month-long Chapter 11 bankruptcy, Cleveland-based. Oglebay Norton Co. says that in the short term its focus is to regain the confidence of its customers, suppliers and employees. Its long-term strategy, however, remains consistent with most companies in the pit and quarry industry - enhance market leadership positions and maximize profitability and cash flows. According to Oglebay Norton, it expects to accomplish this by capitalizing on "the strategic location and quality of its limestone reserves in the Great Lakes region, the demand for industrial minerals for building materials, the increasing demand for minerals for environmental remediation, and the market opportunities in the energy segment,"