Walter Energy
www.walterenergy.com
www.walterenergy.com
Walter Energy, Inc. (NYSE:WLT), based in Birmingham, Alabama, is a leading[by whom?] U.S. producer and exporter of metallurgical, or coking, coal for the global steel industry. The company also produces steam coal and industrial coal, metallurgical coke, and coal bed methane gas.
The company was previously headquartered in Tampa, Florida. Its operations are in north central Alabama. On September 9, 2009 the company announced it was moving its headquarters to Birmingham, Alabama. On January 25, 2010, the company established its heaquarters at the Galleria Tower of the Riverchase Galleria mall located in Hoover suburb of Birmingham.
Contents
1 Divisions
2 History
3 References
4 External links
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Divisions
The company's metallurgical coal business, Jim Walter Resources (JWR), is the southernmost Appalachian coal producer.[citation needed] The company was formed in 1977 from the former Coke, Iron and Chemicals Division of U.S. Pipe & Foundry Company.
JWR mines high-quality coal from Alabama's Blue Creek seam. JWR has grown from a small producer of less than 1 million tons of coal per year, produced solely for use in its sister company's coke ovens, into one of the 25 largest coal producers in the United States, with 6.3 million tons of coal sold in 2008 and plans to expand production to more than 9 million tons in 2010.[citation needed] Its mines are two of the deepest vertical shaft coal mines in North America.[citation needed]
The mines also produce a significant quantity of coal bed methane gas, extracted and sold to market in a joint venture operation with Sonat Coal Gas Inc., which was a unit of the former energy conglomerate Sonat Inc.
Walter Energy is also the parent company of Walter Minerals, an Alabama-based surface coal producer with a capacity of nearly 1.5 million tons, which produces coal for the Alabama steam and industrial coal markets.
Walter Coke, the company's fuel coke producer, manufactures coke for use in blast furnaces and foundries. The company is headquartered in Birmingham, Alabama and was formerly known as Sloss Industries.
History
The company was formerly known as Walter Industries, Inc. and changed its name to Walter Energy in April 2009. The predecessor company was founded by Tampa entrepreneur the late James W. Walter, Sr. in 1946. It spun off Mueller Water Products in 2006, closed Jim Walter Homes in 2009, also spinning off Walter Investment Management Corporation in 2009.
References
^ http://www.pe.com/rss/business/stories/PE_Biz_W_aero23.3669fae.html
^ "Funding Universe (undated): WALTER INDUSTRIES, INC. Company History". http://www.fundinguniverse.com/company-histories/Walter-Industries-Inc-Company-History.html. Retrieved 2009-08-11.
External links
Walter Energy's Website
Categories: Companies listed on the New York Stock Exchange | Coal mining companies of the United States | Companies based in Birmingham, AlabamaHidden categories: Wikipedia articles with possible conflicts of interest | Articles needing additional references from August 2009 | All articles needing additional references | All articles with specifically-marked weasel-worded phrases | Articles with specifically-marked weasel-worded phrases from August 2009 | All articles with unsourced statements | Articles with unsourced statements from July 2009
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