Oglebay Norton Seeks To Re-Incorporate In Ohio To Save Taxes
John Lauer, Oglebay Norton chairman, president and chief executive officer said, "This new segment reporting structure enables us to leverage our geographic and product mix while better reflecting the way we manage the business. In 2001, our Great Lakes limestone and marine services operations are intended to become much more integrated, while our Industrial Sands and Specialty Minerals businesses are positioned to benefit from similar operating and marketing strategies. The new structure more closely aligns the businesses with our previously stated strategic plan for profitable growth."
Oglebay Norton will release fourth quarter results on Monday, February 5, 2001, and will webcast its quarterly conference call over the Internet the following morning, February 6, at 11:00 a.m. EST. Interested parties may listen to the call live by logging on to the company's website at http://www.oglebaynorton.com.