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Horizon Natural Resources is one of the US's largest producers of steam (bituminous) coal. The company operates mines in four states. It sells mainly to electric utilities in the eastern US. Horizon's Mining Technologies unit makes Addcar-brand highwall mining equipment, while its Mining Machinery subsidiary provides trucking services, major equipment rebuilds, and mining equipment. Horizon's ties to the founding Addington family were severed as part of a reorganization that brought the company out of bankruptcy in 2002; however, later that year it again filed to reorganize under Chapter 11. In 2004 W. L. Ross, through holding company International Coal Group, won the bid for the assets of Horizon.
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| | | Contact Information | |
Address: |
2000 Ashland Dr.
Ashland, KY 41101-7058
| | Phone: | 606-920-7400 | | Fax: | 606-920-7720 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2002): | 1158.00 M | | Revenue Growth (1 yr): | (-18.00%) | | Employees (2002): | 3,500 | | Employee Growth (1 yr): | (-12.50%) |
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Key People
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Acting CEO and Director:
Scott M. Tepper
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Financial Advisor:
Steven Cohn
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SVP, Sales and Marketing:
Marc R. Merritt
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Industry Information
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Sector: Energy | |
Industry: Coal |
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