Hamilton Beach 2014 Annual Report Download - page 11

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from a domestic energy policy that balances
affordability, energy needs and environmental
responsibility. The company believes that, for the
foreseeable future, coal must remain an integral
part of the nation’s total energy mix for the
United States to continue to be competitive in a
global economy. NACoal will continue to monitor
pending regulations and legislation and will take
a leadership role to help encourage reasonable
regulation by the government. Importantly,
NACoal expects to address currently anticipated
changes to domestic environmental regulatory
requirements by working collaboratively with its
customers, trade associations, representatives
of regulatory bodies, and government officials.
Overall, NACoal’s focus on safety and
environmental compliance and its unusual but
attractive business model, based largely on long-
term cost reimbursable contracts, provide a solid
foundation for all of the company’s coal and
limerock mining operations, as well as stable
cash flow before financing activities with minimal
capital investment, other than at MLMC, which
will continue to require ongoing replacement
capital. NACoal will continue to pursue growth
over the next few years mainly as the company’s
new mines currently in development reach full
production and by reaching its five-year targets
for its consolidated and unconsolidated mines,
other than Centennial.
Hamilton Beach Brands
Overview
Hamilton Beach Brands’ (“HBB”) vision is to
be a leading designer, marketer and distributor
of small electric household, specialty housewares
and commercial appliances sold worldwide under
strong brand names and to achieve profitable
growth from innovative solutions that improve
everyday living.
HBB develops and invests in several core
competencies that are critical to achieving that
vision. Most importantly HBB has a culture based
on a foundation of Good Thinking™. Whether
developing innovation to address consumers’
unmet needs, solving a challenge in the supply
chain or partnering with a retail customer, HBB’s
Good Thinking™ culture provides a competitive
advantage. The only way to achieve that culture
is by hiring and retaining talented and dedicated
employees globally. In addition, HBB believes it
is best in class at sourcing and logistics as well as
support systems to meet the needs of retail and
commercial customers. HBB pursues market and
Hamilton Beach Brands’ new Wolf Gourmet®
Blender, just one appliance in a line of luxury
countertop appliances created through a
licensing agreement with Sub-Zero Group, Inc.
to enter the “only-the-best” market segment.