Algoma Central Corporation (ALC.TO)
Algoma Central Corporation operates in the Marine Shipping industry of the Industrials sector, headquartered in Saint Catharines, ON, CA. The stock last traded at $23.90, down 0.00% on the session, giving a market capitalisation of $969.6M. Its beta of 0.41 implies it has historically moved less than the broad market.
Algoma Central Corporation is a Canadian enterprise specializing in marine freight transport, principally managing a diverse fleet of dry and liquid bulk vessels across the Great Lakes – St. Lawrence Waterway. Its business is structured into six key segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. The company's operations include the deployment of self-unloading bulk carriers and the oversight of tankers dedicated to moving liquid petroleum products across the Great Lakes, the St. Lawrence system, and Canada's Atlantic regions. Moreover, Algoma Central owns eight ocean-going self-unloading ships that facilitate the transport of essential raw materials like coal for energy, crushed aggregates for construction, gypsum for manufacturing, iron ore for steel, and salt for road maintenance. Beyond its shipping activities, the corporation extends management services to third-party clients and possesses a retail shopping complex. Its broad customer base spans the iron, steel, aggregate, cement, and salt production sectors, alongside agricultural product distributors, oil refineries, and significant petroleum consumers. Established in 1899 as Algoma Central Railway, the organization rebranded as Algoma Central Corporation in 1990 and maintains its corporate headquarters in St. Catharines, Canada.
Algoma Central Corporation is most often compared with the following Industrials names: