Arch Coal Establishes Asia-Pacific Subsidiary

Arch Coal Inc. (NYSE:ACI) announced the creation of a new company subsidiary and named a president for the new business entity.

The press release is quoted as saying:

U.S.-based Arch Coal is one of the world’s largest and most efficient coal producers, with more than 160 million tons of coal sold in 2010.  Arch’s national network of mines supplies cleaner-burning, low-sulfur coal to customers on four continents, including U.S. and international power producers and steel manufacturers.

To read the full press release, click here.