DOCSLIB.ORG

At a Glance 4 | Helping Our Customers Pace Change 6 | Pacing Change at OMG 8 | Form 10-K 10 | Corporate Information Inside Back

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
At a Glance 4 | Helping Our Customers Pace Change 6 | Pacing Change at OMG 8 | Form 10-K 10 | Corporate Information Inside Back OM GROUP, INC. 2006 A 2006 INC. GROUP, OM nnua L L R E por T OM GROUP, INC. 2006 AnnuaL REporT change pacing change Shareholder Letter 1 | OMG At a Glance 4 | Helping Our Customers Pace Change 6 | Pacing Change at OMG 8 | Form 10-K 10 | Corporate Information Inside Back ABOUT OM Group, INC. OM Group, Inc. is a diversified, market-facing global developer and producer of value-added, metal- based specialty chemicals and advanced materials. The company’s Specialties businesses use unre- fined cobalt and other metals to make products that function as essential components in complex chemical and industrial processes, and are used in many end markets. Key technology-based applica- tions address some of society’s greatest needs, including affordable energy, portable power, clean air and clean water. abouT THE THEME At OM Group, we are “Pacing Change” operation- ally and financially, with an aggressive growth strategy that relies on our tradition of innovation as well as our pursuit of tactical and strategic plat- form acquisitions. We are also “Pacing Change” by partnering with customers to help them succeed in high-growth global markets. For OMG and its stakeholders, a world of opportunity lies ahead. Dear Fellow Shareholders In last year’s letter, I told you that we had laid a solid foundation in 2005 for a “new” OM Group – but that our efforts would be futile if we did not begin to deliver more sustainable growth in volumes and margins and from new products and market diversification. This year, I am pleased to report that we began to deliver officer, I have stressed that OMG must mitigate its vulner- this growth. More important to our long-term success, ability to external forces – principally, to volatile metals however, are the concrete steps we took in 2006 to reposi- pricing – to ensure more predictable, stable financial tion the company through portfolio optimization, further results. I am proud to say that we took aggressive action balance sheet enhancements, broad-based operational on this front in 2006. excellence initiatives and a clear mandate to move rapidly On March 1, 2007, we closed the deal we announced toward the market-facing specialty chemicals/advanced late last year to sell our nickel business to OJSC MMC materials business model that we have embraced. Norilsk Nickel, Russia’s largest mining and metallurgical While we enter 2007 in the midst of a substantive company, for $408 million in cash on a cash-free, debt-free transformation, this company’s direction has never been basis, plus a working capital adjustment to be finalized in clearer. Our path forward will take us back to our roots as the second quarter of this year. In addition to lessening an industry leader, recognized for our market proximity, the impact of commodity metal prices on our bottom line, customer relationships and innovation capabilities. Our this transaction provides us the financial flexibility to: work is far from complete, but the momentum behind our pace of change is accelerating. > > Execute our growth plan, including accretive acqui- sitions of niche businesses or product lines that move DELIVEring REsuLTS us further downstream toward customers In 2006, OMG produced very strong financial results, > > Strengthen our balance sheet to support this future including significant year-over-year gains in sales, net growth income and earnings per share. Among the factors con- > > Invest in growing our remaining businesses, specifi- tributing to this improvement were rising cobalt prices, cally in developing innovative specialty products and higher byproduct sales and a favorable shift in product applications, a core competency of OMG mix. Equally satisfying was the healthy cash flow from operations that we achieved. At year end, our cash bal- Simultaneous with the nickel business divestiture, we ance stood at $282.3 million. entered into five-year supply agreements that cost effec- While we are pleased with our financial performance, tively diversify and shorten our supply chain and secure a we are even prouder of what we accomplished from an consistent source of cobalt and nickel-based raw materi- organizational standpoint. als for our Specialties businesses. Our focus has shifted to these higher value-added PosiTioning for THE FUTurE businesses, where we demonstrate our capability not Since the day I became this company’s chief executive only to convert raw materials into specialty products but, ONE more importantly, to deliver these products precisely markets where we are moving up the value chain, getting where our customers’ products and processes require in closer to our customers and gaining a clear understand- order to meet their most exacting standards. Our busi- ing of their unmet needs, which drive value. Developing ness units comprise: and commercializing next-generation technologies to address these needs – for affordable energy, portable > > Advanced Organics, which offers products for the power, clean air and clean water – we are delivering solu- tire, coatings and inks, additives and chemical mar- tions with tangible social benefits. kets. Here, we are aligning our cost structure and manufacturing capabilities and accelerating new Imposing FinanciaL DiscipLinE product development, with a focus on high-value The relentless focus we have brought to operational niche applications. We believe commercialization of excellence and financial discipline is bearing fruit, as new products in the pipeline could add significantly shown by our strong cash flow from operations. We to our revenues by 2008. used our cash, in part, to retire our expensive, high-yield > > Inorganics, which serves the battery, powder met- debt. On March 7, 2007, we redeemed all the outstanding allurgy, ceramics and chemical markets. The heart $400 million aggregate principal amount of our 9¼ per- of this business is the rechargeable battery industry, cent Senior Subordinated Notes due in 2011. By reducing for which cobalt-based materials are a major com- the burden of debt service, we have further fortified our ponent. OMG is the recognized industry leader. We balance sheet and freed up cash to enable us to deliver have seen increasing volume due to strong demand on our growth promises. We intend to grow OMG both in this market, where in 2006 we reached important organically and through strategic acquisition. milestones in commercializing new products for re- Now that we have realigned our market-facing busi- chargeable battery applications. nesses, we are committed to investing in new product > > Electronic Chemicals, which develops and deliv- development to achieve organic growth. In each busi- ers products for the electronic packaging, memory ness, we have closely linked our technical resources disk, general metal finishing and printed circuit with our target markets. We are fortunate to have peo- board finishing markets. Here, too, volume is grow- ple with the knowledge, expertise and imagination to ing fast, with rapid growth in electronics driven by envision innovative new ways to fulfill customer needs – innovation and new technology/applications. We and then, to translate that vision into a commercially are leveraging our industry-leading memory disk viable solution. technology into additional applications for the To spur growth through acquisition, we are in the electronics that have become integral to people’s midst of a thorough evaluation of businesses and prod- daily lives. uct lines that meet explicit criteria. We expect serious acquisition candidates to show upside potential in new, From these technology-based platforms, we are shap- sustainable-growth market segments with predictable ing the new OMG, well positioned to grow in dynamic financial performance. In addition, they must leverage TWO Joseph M. Scaminace Chairman and Chief Executive Officer OMG’s core competencies, with a niche technology orien- Pacing CHangE tation and strong customer focus. We also expect them I think you can see why “Pacing Change” is so important to bring new capabilities that will extend our product to us, and why we chose to focus on its broad ramifica- lines into new markets. tions in our 2006 annual report. Internally, we are pacing These hallmarks helped ensure the success of the change by taking aggressive action to move this com- 2006 Plaschem acquisition. We have integrated Plaschem pany up the value chain and reposition it, with resulting within our Electronic Chemicals business, and it has bol- improvements in margins, profitability and predictability. stered our reach in the Asia-Pacific region. Externally, we are helping our customers pace change around the world by providing the vital chemistries HoLding OursELVES AccounTabLE they need to tackle some of humankind’s most pressing We continue to remake and add to our Board of Directors, needs. with an emphasis on independence, integrity and value Much of what we are doing is new, but everything creation. This past January, we welcomed to the board we are doing plays to our historic strength in linking our David L. Pugh, chairman and CEO of Applied Industrial process technologies, application know-how and our Technologies, Inc. David’s management experience in surface chemistry expertise to efficiently convert raw driving operational excellence, strategic transformation materials into finished products. Confident that we are and quality financial performance is relevant to every on the right path, we intend to out-service our customers initiative we have undertaken to strengthen OMG, and and out-innovate our competitors, with the ultimate goal we look forward to his contributions. of creating meaningful shareholder value. We added another objective viewpoint in February, We believe we are at a defining moment in OMG’s when Gordon A. Ulsh joined the board. Gordon, who history, and we are inspired by the opportunities that lie is president, CEO and a director of Exide Technologies, before us. Your loyalty and our resolve are the real cata- brings valuable insights from his experience leading both lysts for progressive change and a future of sustainable, public and private companies.
Load more

Recommended publications
  • Download 2013 Annual Report
    Strengthening our Fundamentals Annual Report 2013 Contents Chairman and Chief Executive Officer’s Report 01 Directors 06 Key Management 08 Corporate Directory 09 Corporate Structure 10 Financial Highlights 11 OMH Group Overview 12 Mining Operations Review 14 Processing Operations Review 22 Marketing and Trading Operations Review 23 Construction and Development Review OM Materials (Sarawak) Sdn Bhd (“OM Sarawak”) 24 Tshipi é Ntle Manganese Mining (Pty) Ltd (“Tshipi”) 27 Appendix 29 Directors’ Report 45 Statement by Directors 48 Independent Auditor’s Report 49 Statements of Financial Position 50 Consolidated Statement of Comprehensive Income 51 Consolidated Statement of Changes in Equity 52 Consolidated Statement of Cash Flows 53 Notes to the Financial Statements 55 Corporate Governance 115 ASX Additional Information 129 Chairman and Chief Executive Officer’s Report The Group continued to benefit from strong demand for all its manganese products during 2013. China’s crude steel production in 2013 reached 779 million tonnes, an increase of 7.5% on 2012. Overview The Manganese market in 2013 China, Australia, South Africa, Gabon, 2013 has been another challenging Global crude steel production Brazil and Ghana. China remained year in the manganese industry reached 1,581 million tonnes for the the largest importer with around characterised by fluctuating global year 2013, an increase from 1,513 16 million wet tonnes imported in and Chinese demand for manganese million tonnes in 2012. The increase 2013. units, increasing energy and logistics was driven predominantly by China’s costs, increasing seaborne supply growing production. Manganese ore benchmark prices of South African carbonate ores, a (referenced by BHPB 46%Mn grade strong Australian dollar and a weak According to Worldsteel, production lump) ranged between US$5.20 and South African rand.
    [Show full text]
  • 5. Production, Import/Export, Use, and Disposal
    COBALT 195 5. PRODUCTION, IMPORT/EXPORT, USE, AND DISPOSAL 5.1 PRODUCTION Cobalt is the 33rd most abundant element, comprising approximately 0.0025% of the weight of the earth’s crust. It is often found in association with nickel, silver, lead, copper, and iron ores and occurs in mineral form as arsenides, sulfides, and oxides. The most import cobalt minerals are: linnaeite, Co3S4; carrolite, CuCo2S4; safflorite, CoAs2; skutterudite, CoAs3; erythrite, Co3(AsO4)2•8H2O; and glaucodot, CoAsS (Hodge 1993; IARC 1991; Merian 1985; Smith and Carson 1981). The largest cobalt reserves are in the Congo (Kinshasa), Cuba, Australia, New Caledonia, United States, and Zambia. Most of the U.S. cobalt deposits are in Minnesota, but other important deposits are in Alaska, California, Idaho, Missouri, Montana, and Oregon. Cobalt production from these deposits, with the exception of Idaho and Missouri, would be as a byproduct of another metal (USGS 2004). Cobalt is also found in meteorites and deep sea nodules. The production of pure metal from these ores depends on the nature of the ore. Sulfide ores are first finely ground (i.e., milled) and the sulfides are separated by a floatation process with the aid of frothers (i.e., C5–C8 alcohols, glycols, or polyethylene or polypropylene glycol ethers). The concentrated product is subjected to heating in air (roasting) to form oxides or sulfates from the sulfide, which are more easily reduced. The resulting matte is leached with water and the cobalt sulfate leachate is precipitated as its hydroxide by the addition of lime. The hydroxide is dissolved in sulfuric acid, and the resulting cobalt sulfate is electrolyzed to yield metallic cobalt.
    [Show full text]
  • Curriculum Vitae Noah F
    November 8, 2020 Curriculum Vitae Noah F. Gans Operations, Information and Decisions Department tel: (215) 573-7673 The Wharton School, University of Pennsylvania fax: (215) 898-3664 3730 Walnut Street, Suite 500 email: [email protected] Philadelphia, PA 19104-6340 EDUCATION Columbia University Graduate School of Business, New York, New York Ph.D. in Operations Research, May 1996. Thesis, Optimal Control of Flexible Production and Distribution Systems. Supervisor: G. J. van Ryzin. M.Phil. in Operations Research, October 1995. Passed oral field examination with honors. Yale School of Management, New Haven, Connecticut Master of Public and Private Management (M.P.P.M.), May 1987. Harvard College, Cambridge, Massachusetts A.B., cum laude, June 1983. Concentration in Biology. Harvard College Scholar. PROFESSIONAL EXPERIENCE The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania Operations, Information and Decision Department • Anheuser-Busch Professor of Management Science (2014 - present) • Department Chair (2016 - 2019) • Joel S. Ehrenkranz Family Professor (2011 - 2014) • Professor (summer 2010 - present) • Associate Professor (2003 - 2010) • Assistant Professor (1996 - 2003) • Lecturer (1995 - 1996) London Business School, London, United Kingdon • Visiting Professor, 2015-2016 INSEAD, Fontainebleau, France • Visiting Scholar, 2004-2005 Booz • Allen & Hamilton, New York, New York Management Consulting Firm • Associate, Operations Practice (spring 1989 - autumn 1990) • Associate, Strategy Practice (autumn 1987 - spring 1989) Noah F. Gans, November 8, 2020 Page 2 The World Bank, Washington, D.C. International Financial Organization • Consultant, Energy Division (summer 1986) Digital Productions, Los Angeles, California Computer-Generated Animation for Entertainment, Science, and Industry • Production Management (spring 1985) • Technical Director (summer 1983 - winter 1985) PATENTS AND INVENTIONS U.S.
    [Show full text]
  • Om Group, Inc. 2002 Annual Report Dear Fellow Shareowners
    OM GROUP, INC. 2002 ANNUAL REPORT DEAR FELLOW SHAREOWNERS: In 2002, OM Group confronted the most challenging conditions in its history. An increasingly weak global economy, a depressed cobalt price and various operating issues associated with our nickel business all combined to limit earnings and cash flow from our Base Metals business. As a result, our ability to reduce the significant amount of incremental debt associated with the acquisition of the Precious Metals business in late 2001 was severely impaired in the near term. We met these challenges by developing and launching an aggressive and broad-based corporate restructuring plan designed to increase profitability, reduce costs, quickly restore our balance sheet strength and reposition OMG for future growth. The key components of our plan include: ( Generating up to $100 million from the sale of non-core assets, including the SCM Powdered Metals business; Tungsten Carbide technology and related assets; and the PVC Heat Stabilizer and other assets, such as the Microbond product lines; ( Reducing workforce expenses by approximately $35 million in 2003, and by approximately $45 million on an annualized basis starting in 2004, through the elimination of approximately 550 positions; ( Lowering other manufacturing and administrative costs by approximately $30 million in 2003, and by approximately $40 million on an annualized basis starting in 2004; and ( Initiating the process to monetize some portion or all of our Precious Metals Businesses through either a strategic or financial partnership. With this blueprint in hand, the company successfully amended its senior credit facilities. Completing this step provided the access to the capital and liquidity necessary to fully implement our restructuring initiatives which, in the fourth quarter, resulted in restructuring and other charges of approximately $330 million.
    [Show full text]
  • Curriculum Vitae Noah F
    June 2, 2014 Curriculum Vitae Noah F. Gans Department of Operations and Information Management tel: (215) 573-7673 The Wharton School, University of Pennsylvania fax: (215) 898-3664 3730 Walnut Street, Suite 500 email: [email protected] Philadelphia, PA 19104-6340 EDUCATION Columbia University Graduate School of Business, New York, New York Ph.D. in Operations Research, May 1996. Thesis, Optimal Control of Flexible Production and Distribution Systems. Supervisor: G. J. van Ryzin. M.Phil. in Operations Research, October 1995. Passed oral field examination with honors. Yale School of Management, New Haven, Connecticut Master of Public and Private Management (M.P.P.M.), May 1987. Harvard College, Cambridge, Massachusetts A.B., cum laude, June 1983. Concentration in Biology. Harvard College Scholar. PROFESSIONAL EXPERIENCE The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania Operations and Information Management Department • Anheuser-Busch Professor of Management Science (spring 2014 - present) • Joel S. Ehrenkranz Family Professor (spring 2011 - spring 2014) • Professor (summer 2010 - present) • Associate Professor (summer 2003 - summer 2010) • Assistant Professor (summer 1996 - summer 2003) • Lecturer (summer 1995 - summer 1996) INSEAD, Fontainebleau, France • Visiting Scholar, 2004-2005 Booz • Allen & Hamilton, New York, New York Management Consulting Firm • Associate, Operations Practice (spring 1989 - autumn 1990) • Associate, Strategy Practice (autumn 1987 - spring 1989) The World Bank, Washington, D.C. International
    [Show full text]
  • Macdermid Lenders' Presentation
    Business Update Call October 27, 2015 Safe Harbor Please note that this presentation is intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as “forward-looking statements” within the meaning of the federal securities laws. Such discussion and statements will often contain words as expect, anticipate, believe, intend, plan and estimate. Such statements include, but are not limited to, statements relating to Platform Specialty Products Corporation (“Platform”)’s financial or operational results including earnings guidance, future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, dividend policy, losses and future prospects; business and management strategies; and the effects of global economic conditions on Platform’s business. Many factors may cause the actual results, performance or achievements of Platform to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements including, among other things, Platform's ability to close the proposed acquisitions of the Electronic Chemicals and Photomasks businesses (“EC and PM businesses”) of OM Group, Inc. (“OMG”) and of Alent plc (“Alent”); Platform’s adjusted earnings per share, expected or estimated revenue; the outlook for Platform's markets and the demand for its
    [Show full text]
  • Equity Analysis and Business Evaluation of OM Group
    Equity Analysis and Business Evaluation of OM Group Kelsey Cottrell [email protected] Nancy Hoang [email protected] Zach Scott [email protected] George Ramirez [email protected] TABLE OF CONTENTS EXECUTIVE SUMMARY 7 INDUSTRY ANALYSIS 8 ACCOUNTING ANALYSIS 10 FINANCIAL ANALYSIS 11 VALUATION ANALYSIS 13 COMPANY OVERVIEW 15 INDUSTRY OVERVIEW 20 FIVE FORCES MODEL 21 RIVALRY AMONG EXISTING FIRMS 22 INDUSTRY GROWTH RATE 23 CONCENTRATION 24 DIFFERENTIATION 25 SWITCHING COSTS 26 LEARNING AND SCALE ECONOMIES 26 FIXED-VARIABLE COSTS 28 EXCESS CAPACITY 29 EXIT BARRIERS 29 CONCLUSION 29 THREAT OF NEW ENTRANTS 30 ECONOMIES OF SCALES 30 FIRST MOVER ADVANTAGE 31 ACCESS TO CHANNELS OF DISTRIBUTION AND RELATIONSHIPS 33 LEGAL BARRIERS 33 CONCLUSION 33 THREAT OF SUBSTITUTE PRODUCTS 34 RELATIVE PRICE PERFORMANCE 34 BUYER’S WILLINGNESS TO SWITCH 35 CONCLUSION 35 BARGAINING POWER OF CUSTOMERS 35 DIFFERENTIATION 36 PRICE SENSITIVITY 36 NUMBER OF CUSTOMERS 37 CONCLUSION 37 BARGAININGN POWER OF SUPPLIER 37 2 NUMBER OF SUPPLIERS 38 SWITCHING COSTS 38 CONCLUSION 38 KEY SUCCESS FACTORS FOR THE INDUSTRY 39 CUSTOMER RELATIONS 39 INNOVATION AND ADVANCED TECHNOLOGY 40 MERGERS AND ACQUSITIONS 40 INVESTMENT IN RESEARCH AND DEVELOPMENT 40 COMPETITIVE ADVANTAGE ANALYSIS 41 KEY SUCCESS FACTORS FOR OM GROUP 41 DIFFERENTIATION 43 INVESTING IN RESEARCH AND DEVELOPMENT 43 SUPERIOR PRODUCT QUALITY 44 CONCLUSION 45 INTRODUCTION TO ACCOUNTING ANALYSIS 45 KEY ACCOUNTING POLICIES 46 TYPE ONE ACCOUNTING POLICIES 47 CUSTOMER RELATIONS 47 MERGERS AND ACQUISITIONS 47 RESEARCH
    [Show full text]
  • CCLB 12-11-06 a 2 CCLB.Qxd
    CCLB 12-11-06 A 1 CCLB 12/8/2006 4:08 PM Page 1 www.crainscleveland.com Vol. 27, No. 50/$1.50 DECEMBER 11 - 17, 2006 LATENEWS GLOBAL AFFAIRS ■ BUSINESS CLIENTS’ CASE LECTURER SEES FAR-FLUNG NEEDS HELP DROP IN GDP GROWTH TRAVEL COMPANY ■ Gross domestic product growth will slow and unemployment will OVERCOME rise, but the economy will remain in SEPT. 11 TO decent shape for 2007, according PROSPER. to an economic forecast by Sam Thomas, a senior lecturer in PAGE 3 banking and finance at the Weather- head School of Business at Case Western Reserve University. In an interview prior to delivering the 33rd annual David A. Bowers Economic Forecast last Friday, Mr. Thomas said he projects real GDP growth of Case seeks aid 2.4% for 2007, down from 3.2% in ennis Leipold, owner of Leipold 2006. “That’s a decrease we’re Tire Co. of Cuyahoga Falls, was going to feel, but it’s not a reces- sion,” Mr. Thomas said. He also trying to stay one step ahead of for sublease projects unemployment to rise to customer demand last week as 4.9% from 4.7% this year. Dsnow blanketed much of Northeast Ohio. — Scott Suttell However, Mr. Leipold, like other tire FOREST CITY ADDS TO dealers in the area, has been tripped up by a of Halle space TOWER CITY HOLDINGS labor strike that has slowed production at a ■ Forest City Enterprises Inc. continues widening its reach south dozen Goodyear Tire and Rubber Co. plants ‘Temporary hold’ on university’s relocation of of Tower City Center in an area across the country.
    [Show full text]
  • OM Group Inc. Securities Litigation 02-CV-02163-Notice Of
    UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF OHIO IN RE OM GROUP, INC. SECURITIES LITIGATION LEAD DOCKET NO. 1:02 CV 2163 JUDGE DONALD C. NUGENT THIS DOCUMENT RELATES TO: ALL ACTIONS MAGISTRATE JUDGE NANCY A. VECCHIARELLI NOTICE OF: (1) PENDENCY OF CLASS ACTION, AND (2) HEARING ON PROPOSED SETTLEMENTS AND ATTORNEYS’ FEE PETITION AND RIGHT TO SHARE IN NET SETTLEMENT FUND NOTICE OF PENDENCY OF CLASS ACTION: If you purchased OM Group, Inc. common stock during the period from January 27, 2000 through and including October 30, 2002, please be advised that your rights may be affected by a Class Action lawsuit pending in this court. A Federal Court authorized this Notice. This is not a solicitation from a lawyer. NOTICE OF SETTLEMENT: Please also be advised that Lead Plaintiff Policemen and Firemen Retirement System of the City of Detroit (“Detroit P&F” or “Lead Plaintiff”) has reached two separate proposed settlements that together will resolve all claims of Lead Plaintiff and the Class (as defined in ¶ 1 below) against all defendants (the “Settlements”). This Notice explains important rights you may have including your possible receipt of cash from the Settlements. Your legal rights are affected whether you do or do not act. Also enclosed is a Claim Form that you must complete and submit postmarked no later than October 31, 2005 to participate in the Settlements. Please read this Notice carefully! 1. Statement of Plaintiff Recovery: This Notice relates to two proposed settlements of a class action lawsuit filed against (i) OM Group, Inc. (“OM Group” or the “Company”); James P.
    [Show full text]
  • Ferroalloys & Steel International Conference (Sarawak)
    OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 21 28 September 2017 ASX Market Announcements ASX Limited 4th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam OM HOLDINGS LIMITED PRESENTATION Please find attached a copy of the presentation that is being delivered by Mr. Colin Ouwehand, General Manager Marketing and Trading of OM Materials (S) Pte Ltd, at the 4th Asian-Pacific Ferroalloys & Steel International Conference which is being held on Thursday 28th September 2017. Yours faithfully OM HOLDINGS LIMITED Heng Siow Kwee/Julie Wolseley Company Secretary #08 – 08, Parkway Parade 1 80 Marine Parade Road, 449269 Singapore Tel: 65-6346 5515 Fax: 65-6342 2242 Email address: [email protected] Website: www.omholdingsltd.com ASX Code: OMH 1 OM MATERIALS (SARAWAK) SDN. BHD. Driving Industry Transformation 4th Asian-Pacific Ferroalloys & Steel International Conference September 2017 – Miri, Sarawak 2 DISCLAIMER This presentation has been prepared and issued by OM Holdings Limited ARBN 081 028 337 (“OMH”). This presentation contains summary information about OMH and its subsidiaries (“OM Group”). The information in this presentation does not purport to be complete or to provide all information that an investor should consider when making an investment decision. It should be read in conjunction with OMH‘s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (“ASX”) which are available at www.asx.com.au. This presentation is not and should not be considered, and does not contain or purport to contain, an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in OMH (Securities) nor does it constitute financial product or investment advice nor take into account your investment objectives, taxation situation, financial situation or needs.
    [Show full text]
  • OM Group Inc. Securities Litigation 02-CV-02163-Consolidated
    IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF OHIO EASTERN DIVISION ____________________________________ ) IN RE OM GROUP, INC. ) LEAD DOCKET NO. 1:02 CV 2163 SECURITIES LITIGATION ) ) JUDGE NUGENT ____________________________________) ) MAGISTRATE JUDGE VECCHIARELLI THIS DOCUMENT RELATES TO: ) ) CONSOLIDATED AMENDED ALL ACTIONS ) CLASS ACTION COMPLAINT ____________________________________) Lead Plaintiff, as defined below, on behalf of itself and all others similarly situated, by its attorneys, alleges the following upon knowledge, with respect to its own acts, and upon other facts obtained as a result of its counsel’s investigation, which included, among other things, a review of the relevant filings made by OM Group, Inc. (“OM Group” or the “Company”) with the Securities and Exchange Commission (“SEC”), press releases, news and analysts reports, and interviews with former employees of OM Group. I. NATURE OF THE ACTION 1. Lead Plaintiff, the Policemen and Firemen Retirement System of the City of Detroit (“Detroit P&F”), brings this action as a class action on behalf of itself and all other persons or entities other than Defendants and their affiliates who purchased the common stock of OM Group during the period commencing February 5, 2002 through and including October 30, 2002 (the “Class Period,” as defined more fully below). 2. Defendants perpetrated a substantial fraud by failing to write down the reported value of OM Group’s cobalt inventory to reflect the sustained and substantial decline in the market price of that inventory by no later than December 31, 2001, and continuing through the first two quarters of 2002. Under Generally Accepted Accounting Principles (“GAAP”), inventory must be reported either at the actual cost to purchase it or at the current market value of the item, whichever is lower.
    [Show full text]
  • Download 26 April 2017 2016 Annual Report
    OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 2 – Covering pages 126 – Annual Report 2016 26 April 2017 ASX Market Announcements ASX Limited 4th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam 2016 ANNUAL REPORT Please find attached a copy of the 2016 Annual Report for OM Holdings Limited. Yours faithfully OM HOLDINGS LIMITED Heng Siow Kwee/Julie Wolseley Company Secretary #08 – 08, Parkway Parade 1 80 Marine Parade Road, 449269 Singapore Tel: 65-6346 5515 Fax: 65-6342 2242 Email address: [email protected] Website: www.omholdingsltd.com ASX Code: OMH BACKGROUND PROFILE OF OM HOLDINGS LIMITED OMH Holdings Limited (OMH) was listed on the ASX in March 1998 and has its foundations in metal materials trading – specializing in the sourcing and distribution of manganese ore and ferroalloys. OMH is involved in mining manganese ore in Australia and South Africa, smelting in Sarawak, East Malaysia and Qinzhou in China, and the distribution of these materials to downstream users. The smelter in Sarawak is 75% owned by OMH and physical construction of Phase 1 of the production facility has been completed. Construction of the smelter in Sarawak commenced in Q3 2012 and the first tapping of ferrosilicon was achieved on 22 September 2014. The facility consist of 16 units of 25.5 MVA furnaces, of which 10 furnaces are allocated for the production of ferrosilicon and 6 units will be modified to produce manganese alloy. Upon completion of the modification, the Project will have a design capacity to produce 170,000 to 200,000 tonnes of ferrosilicon and 250,000 to 300,000 tonnes of manganese alloy per annum.
    [Show full text]