1 Exhibit 21 ---------- SUBSIDIARIES OF NACCO INDUSTRIES, INC. As of the date of the Annual Report on Form 10-K to which this is an Exhibit, the subsidiaries of NACCO Industries, Inc. were as follows: Name Incorporation ---- ------------- Bellaire Corporation Ohio The Coteau Properties Company Ohio The Falkirk Mining Company Ohio Hamilton Beach/Proctor-Silex, Inc. Delaware(1) HBPS Foreign Sales Corp. Virgin Islands HB-PS Holding Company, Inc. Delaware(1) Housewares Holding Company Delaware NACCO Materials Handling Group, Pty. Ltd. Australia NACCO Materials Handling B.V. Netherlands Hyster Europe Limited United Kingdom NACCO Materials Handling Scotland Ltd. United Kingdom NACCO Materials Handling (N.I.) Ltd. Northern Ireland NACCO Materials Handling Group Ltd. United Kingdom Hyster-Yale Materials Handling, Inc. Delaware(2) The Kitchen Collection, Inc. Delaware NACCO Materials Handling Group, Inc. Delaware The North American Coal Corporation Delaware North American Coal Royalty Company Delaware Powhatan Corporation Delaware Proctor-Silex Canada Inc. Ontario (Canada) Proctor Silex, S.A. de C.V. Mexico The Sabine Mining Company Texas Yale Europe Materials Handling Ltd. United Kingdom <FN> The Company has omitted the names of its subsidiaries which, considered in the aggregate as a single subsidiary, would not constitute a "significant subsidiary" within the meaning of Rule 1-02 contained in Regulation S-X. ---------------- 1. NACCO owns 100% of the voting securities of Housewares Holding Company, Housewares Holding Company owns 80% of the voting securities of HB-PS Holding Company, Inc., HB-PS Holding Company, Inc. owns 100% of Hamilton Beach/Proctor-Silex, Inc., and Hamilton Beach/Proctor-Silex Inc. owns 100% of Proctor-Silex Canada Inc. and Proctor Silex, S.A. de C.V. (except for directors' qualifying shares). 2. NACCO Industries, Inc. owns 97% of the voting securities of Hyster-Yale Materials Handling, Inc.