Profile: OM Group Inc (OMG.N)

OMG.N on New York Stock Exchange

31.50USD
1 Aug 2013
Price Change (% chg)

$0.63 (+2.04%)
Prev Close
$30.87
Open
$30.92
Day's High
$31.73
Day's Low
$30.30
Volume
60,726
Avg. Vol
53,547
52-wk High
$33.64
52-wk Low
$15.12

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OM Group, Inc, incorporated on June 17, 1991, is a diversified industrial growth company serving attractive global markets, including automotive systems, electronic devices, aerospace, general industrial and renewable energy. The Company operates in four segments: Magnetic Technologies segment, Advanced Materials segment, Specialty Chemicals segment and Battery Technologies segment. The company sector includes rechargeable batteries, electronic devices, cutting tools, petrochemical catalysts, electronics manufacturing, industrial coatings, defense, aerospace, and medical devices. In March 2013, Lundin Mining Corp announced the closing of acquisition of the Kokkola cobalt chemical refinery located in Finland and related sales and marketing business (collectively Kokkola) from OM Group Inc. In June 2013, the Company announced that it has completed divestiture of its Ultra Pure Chemicals (UPC) business to KMG Chemicals, Inc.

Magnetic Technologies segment

The Magnetic Technologies segment develops, manufactures and distributes differentiated, high-performance, industrial-use magnetic materials and related products and systems with exceptional magnetic and/or physical properties. The Company offers the complete range of magnetic technology products, from magnetically soft products to the most powerful permanent magnets. Magnetic Technologies uses nickel, cobalt and rare earth materials, primarily dysprosium and neodymium, to produce its products. The Company's Magnetic Technologies segment consists of VAC. It sells its products directly to original equipment manufacturers (OEMs) who incorporate them into their sub-assemblies and final assemblies.

Advanced Materials segment

The Advanced Materials segment manufactures inorganic products using unrefined cobalt and other metals, for the mobile energy storage, renewable energy, automotive systems, construction and mining, and industrial end markets. The smelter joint venture, Groupement pour le Traitement du Terril de Lubumbashi Limited (GTL), is owned by the Company (55%); Groupe George Forrest (25%), and La Generale des Carrieres et des Mines (Gecamines) (20%).

Specialty Chemicals segment

The Specialty Chemicals segment develops, produces and supplies chemicals for electronic and industrial applications, and photomasks used by customers to produce semiconductors and related products. The Company sells its products directly to customers.

Battery Technologies segment

The Battery Technologies segment provides advanced batteries, battery management systems, and energetic devices for defense, aerospace and medical markets. The Company sells these products directly to customers who incorporate them into sub-assemblies. The segment focuses on developing

Company Address

OM Group Inc

1500 Key Tower, 127 Public Squar
CLEVELAND   OH   44114
P: +1216.7810083
F: +1216.7811502

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