- M. A. Hanna Company
M. A. Hanna Company was an
iron ore processing company located inCleveland, Ohio ,United States .Origin
The origins of the M. A. Hanna Co. are with
Daniel F. Rhodes . In the 1840s Rhodes had founded Rhodes & Company which minedcoal in theMahoning Valley .Marcus Hanna , the national Republican political figure, then married into the Rhodes family setting the stage for a change. It became Hanna Mining in 1885. In the mid 1860s the company expanded intoiron ore mining in the area aroundLake Superior . [ [http://www.ohiohistorycentral.org/entry.php?rec=200 Ohio History Central: Marcus Alonzo Hanna] ]Incorporation took place in 1922 and was named as the M.A. Hanna Company. In 1929 the Hanna Company transferred its
blast furnace s,coke ovens, and other materials toNational Steel Corporation for stock in NSC. Hanna'sbituminous coal properties were put into the newly formedConsolidation Coal Company in 1945 in return for CCC stock.1950s
In the early 1950s the company began diversification under George Humphrey producing high-grade iron ore pellets and establishing
Iron Ore Company of Canada . Hanna also acquired interests in mineral companies inLatin America as well as beginning the mining ofnickel inOregon andsilicon inWashington .In 1958 Hanna's
subsidiary , the Hanna Coal & Ore Company, became the independent Hanna Mining Company while M. A. Hanna continued withmineral sales and in its investment firm work untilliquidation in 1965.1970s and on
By the early 1970s, Hanna Mining was the world's second-largest producer of iron ore with
United States Steel being the largest. Also during this decade, Hanna secured interests inpetroleum , low sulfur coal, and mineral exploration. Hanna executives believed that the name Hanna Mining did not reflect the entire scope of what the company embodied and the name returned to M. A. Hanna Company in March 1985.During the 1980s under
CEO Martin D. Walker, M. A. Hanna began acquiringplastic andpolymer companies whiledivest ing itself of mining and energy property. Hanna purchased Burton Rubber Processing Company in 1986 and other polymer industries totaling sales of $1.1 billion in 1990. By 1993, M. A. Hanna's revenue from polymer processing was 99% of all revenue. By 1998, annual sales reached $2.3 billion annually. Hanna merged withpolyvinyl chloride giantGeon Company , a former division of the B. F. Goodrich Company that became a separate entity in 1993. The merger producedPolyOne Corporation , a company worth $3.5 billion and ranked in theFortune 1000 . [ [http://ech.case.edu/ech-cgi/article.pl?id=PC3 Case Western Reserve, Encyclopedia of Cleveland History: M. A. Hanna] ]References
*F.S. Smithers & Co. The Iron Ore Industry and the Cleveland-Cliffs Iron Co., the Hanna Mining Co., the M. A. Hanna Co. (1960).External links
* [http://www.Polyone.com PolyOne Corporation]
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