ABOUT US
Strategy
With more than 50 years of cokemaking experience, SunCoke Energy is recognized as a technological leader in the field with core competences in the processing and handling of raw materials. Below are our business and growth strategies.
Maintain a consistent focus on operational excellence, safety and environmental stewardship.
We have developed and instituted a management program to drive the reliable and cost-efficient operation of our facilities called the “SunCoke Way.” We believe the SunCoke Way provides the foundation to operational excellence at our facilities and is essential to our future growth.
We are committed to maintaining a safe work environment and ensuring strict compliance with applicable laws and regulations throughout our business. We are in the process of implementing a structured safety and environmental process that provides a robust framework for managing and monitoring safety and environmental performance. We also seek to foster good relationships with regulators, policymakers, state and local officials and the communities in which we operate.
We believe that the SunCoke Way provides the foundation to operational excellence at our facilities and represents a key component of the future growth of our business.
Long-term growth through expansion and transformation.
We plan to leverage our cokemaking expertise and strengths in the processing and handling of raw materials to grow and transform our Company in three key areas:
Cokemaking: With approximately 25% of the U.S. and Canadian cokemaking capacity more than 40 years old, we see the potential to grow our share of this coke market as this capacity is retired over the next few years. We are currently permitting to build a new cokemaking facility to meet this potential demand. Our expertise at developing, constructing and operating new facilities that meet environmental requirements position us well for this opportunity.
Coal Logistics: As one of largest buyers of metallurgical coal in North America, we have insight into the asset-rich coal handling industry. We leveraged this knowledge in 2013 to acquire two coal logistics businesses that broadened our customer base and immediately benefited earnings. We see significant opportunity to pursue additional such acquisitions which we anticipate will immediately accretive.
Ferrous: The ferrous value chain—whether in concentrating, pelletizing or direct reduction of iron ore—is a significantly larger market opportunity and opens us up to serve a broader set of steelmaking customers. We are researching a variety of opportunities for entering the ferrous value chain via acquisition, joint venture or greenfield development.
Maintain our technology advantage through the development or acquisition of new technologies.
We have an active engineering and technology development program that is focused on maintaining our technological edge. This program is focused on adapting and improving our current cokemaking technology to meet the varying needs of customers and identifying new or adjacent technologies that could be developed or acquired to augment our offering and create additional growth opportunities. This program also provides a basis for continuous improvement in our current cokemaking operations.
Maintain liquidity and financial flexibility to facilitate growth.
Our aim is to maintain liquidity and capital resources at levels that will permit us to continue to finance additional growth projects that are likely to require significant capital investment. Where appropriate, we also will pursue opportunities for attractive strategic partnerships and other project financing and structuring options, to maximize value for our shareholders and customers.