UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C. 20549

                                      FORM 10-Q
          (Mark   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
           One)               SECURITIES EXCHANGE ACT OF 1934
           [X]

             For the quarterly period ended          June 30, 2000

                                         OR


           [ ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                              SECURITIES EXCHANGE ACT OF 1934


                     Commission file number     1-7276

                                 EXOLON-ESK COMPANY
               (Exact name of registrant as specified in its charter)


                 Delaware                             16-0427000
              (State or other                      (I.R.S. Employer
              jurisdiction of                     Identification No.)
             incorporation or
               organization)


                  1000 East Niagara Street, Tonawanda, New York
                                      14150
                  ----------------------------------------------
                     (Address of Principal Executive Offices)
                                    (Zip Code)

                                  (716) 693-4550
                         -------------------------------
                         (Registrant's telephone number,
                               including area code)



           (Former name, former address and former fiscal year, if changed
                                 since last report)


          Indicate by check mark whether the registrant (1) has filed all
          reports required to be filed by Section 13 or 15(d) of the
          Securities Exchange Act of 1934 during the preceding 12 months
          (or for such shorter period that the registrant was required to
          file such reports), and (2) has been subject to such filing
          requirements for the past 90 days.  YES  X    NO ____

          As of July 31, 2000 the registrant had outstanding 481,995
          shares of $1 par value Common Stock and 512,897 shares of $1
          par value Class A Common Stock.


                            PART I - FINANCIAL INFORMATION
                             Item 1.  Financial Statements

                                  Exolon-ESK Company
                         Consolidated Condensed Balance Sheet
                          (in thousands except share amounts)
                                                    (Unaudited)
          ASSETS                                       June 30, December 31,
                                                           2000         1999
                                                       -------- ------------
          Current assets:
               Cash                                      $5,201      $ 5,328

               Accounts receivable (less allowance
                for doubtful accounts of                  5,995        6,109
                $150 in 2000 and $150  in 1999)
               Income Taxes Recoverable                       -          759
               Inventories                               15,208       16,929
               Prepaid expenses                             299          237

               Deferred income taxes                        249          249
                                                       --------     --------
               Total Current Assets                      26,952       29,611
          Investment in Norwegian joint venture           5,386        5,464
          Property, plant and equipment, at cost         77,325       76,633
          Accumulated depreciation                     (53,301)     (51,564)
                                                       --------     --------

               Net property, plant and equipment         24,024       25,069
          Bond sinking fund                               3,916        3,335
          Other assets                                    1,565        1,609
                                                       --------     --------
          Total Assets                                  $61,843      $65,088
                                                       ========     ========

          LIABILITIES AND STOCKHOLDERS' EQUITY
          Current liabilities:
               Note payable                          $      159    $   1,436
               Current maturities of long-term debt         967          967

               Accounts payable                           2,691        3,754
               Accrued expenses                           1,442        1,550
               Income taxes payable                          59          -
                                                       --------     --------
                    Total Current Liabilities             5,318        7,707
                                                       --------     --------
          Deferred income taxes                           2,343        2,342

          Long-term debt excluding current portions      19,833       19,833
          Other long-term liabilities                     1,926        2,296
                                                       --------     --------
                    Total Liabilities                    29,420       32,178
                                                       --------     --------
          Stockholders' equity:

               Preferred stock - Series A -                 276          276
                19,364 shares issued
               Preferred stock - Series B -                 166          166
                19,364 shares issued
               Common stock, $1 par value - Auth.           513          513
                600,000 shares, 512,897 issued
               Class A common stock, $1 par value -         513          513
                Auth. 600,000, 512,897 issued

               Additional paid-in capital                 4,345        4,345
               Retained earnings                         28,306       28,793
               Accumulated other comprehensive          (1,328)      (1,328)
                income
               Treasury stock, at cost                    (368)        (368)
                                                       --------     --------

                    Total Stockholders' Equity           32,423       32,910
                                                       --------     --------
          Total Liabilities and Stockholders'           $61,843      $65,088
           Equity                                      ========     ========

           The accompanying notes are an integral part of these statements.

                                   Exolon-ESK Company
                    Consolidated Condensed Statements of Operations
                                       Unaudited
                        (in thousands except per share amounts)

                                                Three Months     Six Months
                                               Ended June 30,  Ended June 30,
                                               --------------  --------------

                                                 2000    1999    2000    1999
                                               -------  ------ ------- -------
          Net sales                            $12,574 $12,817 $26,108 $27,040
          Cost of goods sold                    10,862  10,986  22,037  23,027
                                               ------- ------- ------- -------
               Gross Profit                      1,712   1,831   4,071   4,013
                                               -------- ------ ------- -------


          Operating Expenses
          Depreciation                             890     915   1,780   1,830
          Selling, general & administrative
           expenses                                971   1,315   2,089   2,548
          Research and development                   2      12      19      29
                                               -------- ------ ------- -------

               Total Operating Expenses          1,863   2,242   3,888   4,407
                                               -------- ------ ------- -------

          Operating (Loss) Income                (151)   (411)     183   (394)
                                               ------- ------- ------- -------


          Other Income (Expense):
               Equity in (Loss) Earnings
                before income taxes of
                Norwegian Jt. venture               69   (125)    (79)   (199)
               Interest expense                  (297)   (411)   (620)   (810)
               Miscellaneous income (expense)     (77)     207    (85)     796
                                               ------- ------- ------- -------
               Total Other Income (Expense)      (305)   (329)   (784)   (213)
                                               ------- ------- ------- -------
          (Loss) Earnings before income taxes    (456)   (740)   (601)   (607)

          Income tax benefit (expense)              11     287     125     231
                                               ------- ------- ------- -------
          Net (Loss) Earnings                   ($340)  ($453)  ($476)  ($376)
                                               ======= ======= ======= =======

          Earnings Per Common Share:
               Basic                           ($0.36) ($0.48) ($0.52) ($0.41)
               Diluted                         ($0.36) ($0.48) ($0.52) ($0.41)

          Earnings Per Class A Common Share:
               Basic                           ($0.34) ($0.45) ($0.49) ($0.39)
               Diluted                         ($0.34) ($0.45) ($0.49) ($0.39)


              The accompanying notes are an integral part of these statements.



                                  Exolon-ESK Company
                    Consolidated Condensed Statements of Cash Flows
                                       Unaudited
                                    (in thousands)
                                                        Six Months Ended
                                                            June 30,
                                                            2000    1999
                                                          --------------

              Net cash provided by operating activities   $2,431  $5,215
                                                          ------  ------
              Cash Flow from Investing Activities:
                   Gain on disposal of fixed assets            3     -
                  Capital expenditures                     (692)   (730)
                                                          ------ -------
              Net Cash Used in Investing Activities        (689)   (730)
                                                          ------ -------
              Cash Flow from Financing Activities:
                  Repayments on debt                     (1,277) (4,368)
                  Payments to bond sinking fund            (581)   (510)
                  Dividends paid                            (11)    (33)
                                                         ------- -------
              Net Cash Used in Financing Activities      (1,869) (4,911)
                                                         ------- -------
              Net increase in cash                         (127)     426
              Cash at beginning of period                  5,328   5,289
                                                         ------- -------
              Cash at end of period                       $5,201  $4,863
                                                         ======= =======

              The accompanying notes are an integral part of these statements.

                                 EXOLON-ESK COMPANY
                NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                                     (Unaudited)

          NOTE 1    The accompanying unaudited consolidated condensed
                    financial statements of Exolon-ESK Company (the
                     Company ) have been prepared in accordance with
                    generally accepted accounting principles for interim
                    financial information and with the instructions to Form
                    10-Q and Article 10 of Regulation S-X.  Accordingly,
                    they do not include all of the information and
                    footnotes required by generally accepted accounting
                    principles for complete financial statements.  In the
                    opinion of management, all adjustments  (consisting of
                    normal recurring accruals) considered necessary for a
                    fair presentation have been included.  Results for the
                    period ended June 30, 2000 are not necessarily
                    indicative of the results that may be expected for the
                    year ending December 31, 2000.

                    For further information, refer to the financial
                    statements and footnotes thereto for the year ended
                    December 31, 1999 included in the Company's Annual
                    Report on Form 10-K filed with the Securities and
                    Exchange Commission.

          NOTE 2    The following are the major classes of inventories (in
                    thousands) as of June 30, 2000 and  December 31, 1999:

                                                  June 30, December 31,
                                                   2000        1999
                                               (Unaudited)
                                              ------------ ------------
                    Raw Materials                     $802       $1,092
                    Semi-Finished and
                     Finished Goods                 16,347       17,713
                    Supplies and Other               1,121        1,186
                                                   -------      -------
                                                    18,270       19,991
                     Less:  LIFO Reserve           (3,062)      (3,062)
                                                   -------      -------
                                                   $15,208      $16,929
                                                   =======      =======

          NOTE 3    Contingencies

          a.   Environmental issues

               (i) Hennepin, Illinois Plant

                    On October 6, 1994, the Company entered into a Consent
               Order (the  Consent Order ) with the Illinois Attorney
               General and the Illinois Attorney General and the Illinois
               Environmental Protection Agency ( IEPA ) in complete
               settlement of a complaint brought by them, which alleged
               that the Company had violated certain air quality
               requirements in the operating permit for its Hennepin,
               Illinois plant.  The Consent Order provided a schedule for
               the Company to install a Continuous Emissions Monitoring
               System ( CEMS ) and to implement the required Best Available
               Control Technology ( BACT ) for air emissions, pursuant to
               an IEPA approved construction and operating permit.

                    During 1998, the Company completed installation of the
               CEMS and implementation of the BACT as required by the
               Consent Order.  A revised construction permit was received
               on December 27, 1999, verifying that the project was in
               compliance with all applicable Board emissions and utilized
               BACT for sulfur dioxide. The air quality analysis showed
               compliance with the allowable sulfur dioxide increment.

                    In Spring 2001, the Company will proceed with the
               replacement of the liner on lagoon 1 and related pond
               matters.  Discussions are ongoing with IEPA.  The existing
               construction permit 1998-EO-0706, which will expire in July
               2001, will be used to complete the project.

               (ii) Superfund Site

                    A special Notice of Liability was received by the
               Company from the US EPA for the Remedial Design/Remedial
               Action Phase of the Lenz Oil Services, Inc. Superfund Site.
               The Company is one of over seventy potentially responsible
               parties.  The Notice alleges joint and several liability
               based upon the premise that the soil and ground water were
               contaminated with oil and solvent waste containing hazardous
               constituents.  The ultimate liability that could result from
               this Site and Notice is presently being determined.  A
               settlement between $125,000 and $175,000 is probable by the
               end of 2000, as a result of current negotiations.

               (iii)Norwegian Joint Venture

                    The Government of Norway continues to hold discussions
               with certain Norwegian industries including the abrasive
               industry concerning the implementation of reduced gaseous
               emission standards.  The Company's joint venture is
               participating in these discussions to help achieve the
               Norwegian Government's objectives as well as assuring long
               term economic viability for the joint venture.

                    The Norwegian State Pollution Control Authority has
               issued limits on Sulfur Dioxide emissions that apply to all
               Norwegian silicon carbide producers.  In addition, a new tax
               has been imposed on the purchase of coke as part of the
               limits for gaseous emissions.  The Company's joint venture
               is currently evaluating strategies to address the increase
               the tax will have on its manufacturing.  The joint venture
               has met the sulfur requirements with changes in production
               techniques and raw material procurement including low sulfur
               coke.

          b.   Legal Matters

               (i) Federal Proceedings and Related Matters

                    On October 18, 1994, a lawsuit was commenced in the
               U.S. District Court for the Eastern District of Pennsylvania
               (No. 94-CV-6332) under the title "General Refractories
               Company v. Washington Mills Electro Minerals Corporation and
               Exolon-ESK Company."  The suit purports to be a class action
               seeking treble damages from the defendants for allegedly
               conspiring with unnamed co-conspirators during the period
               from January 1, 1985 through the date of the complaint to
               fix, raise, maintain and stabilize the price of artificial
               abrasive grains and to allocate among themselves their major
               customers or accounts for purchases of artificial grains.
               The plaintiffs allegedly paid more for abrasive grain
               products than they would have paid in the absence of such
               anti-trust violations and were allegedly damaged in an
               amount that they are presently unable to determine. On or
               about July 17, 1995, a lawsuit captioned  Arden
               Architectural Specialties, Inc. v. Washington Mills Electro
               Minerals Corporation and Exolon-ESK Company,  (95-CV-
               05745(m)), was commenced in the United States District Court
               for the Western District of New York.  The Arden
               Architectural Specialties complaint purports to be a class
               action that is based on the same matters alleged in the
               General Refractories complaint.  In October 1997, the Norton
               Company was named an additional defendant in both cases.
               The ultimate liability, if any, that could result from these
               lawsuits cannot presently be determined, although the
               Company believes that it has meritorious defenses to the
               allegations, and it intends to vigorously defend against the
               charges.


          NOTE 4    Comprehensive Income

                    During the three months and six months ended June 30,
                    2000 and 1999, total comprehensive income, which was
                    comprised of net income and foreign currency
                    translation adjustments, equaled net income.


          NOTE 5    Earnings Per Share

               The following table sets forth the computation of basic and
          diluted earnings per share (in thousands except share
          information):


                                           Three Months      Six Months
                                          Ended June 30,   Ended June 30,
                                           2000    1999     2000     1999
                                          ------  ------   ------   ------

          Numerator: Net income (loss)
           attributable to common
           stockholders after preferred   ($351)   ($464)   ($498)  ($398)
           stock dividends                ======   ======   ======  ======

          Numerator for basic earnings
          per share:
              Common stockholders (50%)    (175)    (232)    (249)   (199)


              Class A common
               stockholders (50%)          (176)    (232)    (249)   (199)
                                          ------   ------   ------  ------
                                           (351)    (464)    (498)   (398)

          Effect of Dilutive
           Securities-                       -        -        -       -
           Preferred Stock Dividends      ------   ------   ------  ------
          Net income (loss)
            attributable to common
            stockholders after assumed
            conversion of preferred       ($351)   ($464)   ($498)  ($398)
            stock                         ======   ======   ======  ======

          Numerator for diluted
          earnings per share:

              Common stockholders (50%)    (175)    (232)    (249)   (199)
              Class A common               (176)    (232)    (249)   (199)
               stockholders (50%)         ------   ------   ------  ------

                                          ($351)   ($464)   ($498)  ($398)
                                          ======   ======   ======  ======

          NOTE 5  Earnings Per Share -
           Con't

          Denominator: Common stock

              Denominator for basic
               earnings per share -
               weighted average shares   481,995  481,995  481,995 481,995
              Effect of dilutive
               securities - convertible
               preferred stock               -        -        -       -
                                         -------  -------  ------- -------

              Denominator for diluted
               earnings per share -
               adjusted weighted
               average shares and
               assumed conversions       481,995  481,995  481,995 481,995
                                         =======  =======  ======= =======


            Class A common stock:
              Denominator for basic
               earnings per share -
               weighted average shares   512,897  512,897  512,897 512,897

              Effect of dilutive
               securities - convertible
               preferred stock               -        -        -        -
                                         -------  -------  ------- -------
              Denominator for diluted
               earnings per share -
               adjusted weighted
               average shares and
               assumed conversions       512,897  512,897  512,897 512,897
                                         =======  =======  ======= =======


         Basic Earnings Per Share:
              Common Stock                  ($0.36)  ($0.48)($0.52) ($0.41)
              Class A Common Stock          ($0.34)  ($0.45)($0.49) ($0.39)

         Dilutive Earnings Per Share:
              Common Stock                  ($0.36)  ($0.48)($0.52) ($0.41)
              Class A Common Stock          ($0.34)  ($0.45)($0.49) ($0.39)

         The effect of the convertible preferred stock was not considered
         for 2000 and 1999 because the effect would have been anti-
         dilutive.

         Item 2.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations

         Results of Operations

         Comparison of the Six Months Ended June 30, 2000  with the Six
         Months Ended June  30, 1999.

              Net Sales. Total net sales decreased by 3% to $26,108,000
         during the six months ended June 30, 2000 from $27,040,000 in the
         first six months of 1999 primarily due to decreased demand and
         increased foreign competition.

              Gross Profit.  Gross profit before depreciation expense was
         $4,071,000  in the first six months of 2000 compared to
         $4,013,000 in the first six months of 1999.  As a percent of net
         sales, gross margins were 15.6% in the first six months of 2000
         compared to 14.8% in the same period of 1999.  The increase in
         gross profit as a percent of net sales from the first six months
         of 2000 can be attributed to a Company wide effort to contain
         manufacturing costs.

              Operating Expenses.  Total operating expenses decreased to
         $3,888,000 in the six months ended June 30, 2000 from $4,407,000
         in the same period of 1999.  Operating expenses as a percent of
         sales decreased to 15% in the first six months of 2000  versus
         16% for the same period in 1999.  The primary reason for the
         decrease as a percent of sales is the decrease in selling,
         general and administrative expenses as compared to the same period in
         1999.  Specifically, general and administrative expenses decreased
         to $1,351,000 in the first six months of 2000 compared to
         $1,722,000 for the same period in 1999.  The primary reasons for
         the decrease include lower expenses related to legal fees,
         salaries and office administration.

              Operating Income.  Operating income increased by 146% to
         $183,000 in the six months ended June 30, 2000 from a loss of
         ($394,000) in the six months ended June 30, 1999 primarily due to
         the decrease in operating expenses.

              Norwegian Joint Venture.  The Company's 50% share of the
         pre-tax earnings (loss) of its Norwegian joint venture, Orkla
         Exolon A/S, was a loss of ($79,000) for the six months ended June
         30, 2000 versus a loss of ($199,000) in the six months ended June
         30, 1999.

              Interest and Miscellaneous Expense. Interest expense
         decreased in the first six months of 2000 to $620,000 from
         $810,000 in the first six months of 1999.  The primary reason for
         this decrease is the interest costs related to the Company's line
         of credit, which decreased from $3,745,000 as of June 30, 1999 to
         $159,000 as of June 30, 2000.

              Miscellaneous income (expense) was an expense of $85,000 in
         the first six months of 2000 compared to income of $796,000 in
         the six months ended June 30, 1999.  In the first six months of
         1999, the Company received $494,000 from suppliers as  settlement
         in two antitrust litigation claims and $298,000 for a business
         interruption insurance claim resulting from a furnace accident at
         The Exolon-ESK Company of Canada, Ltd.

              Income Tax.  The Company's effective tax rate was 21% for
         the six months ended June 30, 2000 as compared to 38% for the six
         months ended June 30, 1999.

         Comparison of the three months ended June 30, 2000 with the three
         months ended June 30, 1999.

              Net Sales.  Net sales decreased $243,000 to $12,574,000 in
         the three months ended June 30, 2000, a decrease of 2% compared
         to net sales of $12,817,000 in the three months ended June 30,
         1999.  The decline in sales was due to a decrease in volume and
         increased pressure on prices resulting from a decrease in demand
         combined with an increase in foreign competition.

              Gross Profit. Gross profit before depreciation expense was
         $1,712,000 in the three months ended June 30, 2000 compared to
         $1,831,000 in the three months ended June 30, 1999.  As a percent
         of sales, gross margins were 13.6% in the three months ended June
         30, 2000 compared to 14.3% in the three months ended June 30,
         1999. The decrease in gross profit as a percent of net sales was
         attributed to increases in cost of goods sold caused by lower
         volumes and a decrease in the prices received for products due to
         competitive pressures.

              Operating Expenses. Operating expenses including
         depreciation, were $1,863,000 during the three months ended June
         30, 2000 versus $2,242,000 during the three months ended June 30,
         1999.  The decrease in operating expenses of $379,000 is a result
         of spending reductions of $344,000 in selling and general and
         administrative expenses.  Depreciation as a percent of sales was
         7.1% in the three months ended June 30, 2000 and June 30, 1999.

              Operating Income.  Operating income (loss) was a loss of
         ($151,000) in the three months ended June 30, 2000 compared to a
         loss ($411,000) in the three months ended June 30, 1999.

              Norwegian Joint Venture.  The company's 50% share of the
         pre-tax earnings of its Norwegian joint venture, Orkla Exolon A/S
         was income of $69,000 for the three months ended June 30, 2000
         versus a loss of ($125,000) in the three months ended June 30,
         1999.

              Interest and Miscellaneous Income. Interest expense
         decreased to $297,000 in the three months ended June 30, 2000
         versus $411,000 in the three months ended June 30, 1999.  The
         decrease in interest expense is primarily due to the interest
         costs incurred relative to the startup of the pollution abatement
         facility in July of 1998.  Miscellaneous (expense)income was an
         expense of $77,000 in the three months ended June 30, 2000 versus
         miscellaneous expense of $207,000 incurred in the three months
         ended June 30, 1999.  The decrease in miscellaneous income from
         1999 was due to settlement and receipt of two antitrust
         litigation claims from suppliers of materials to Exolon-ESK.

              Income Tax.  The Company's effective tax rate for the three
         months ended June 30, 2000 was 25% versus an effective tax rate
         of 39% for the three months ended June 30, 1999.

         Liquidity and Capital Resources

              As of June 30, 2000, working capital (current assets less
         current liabilities) has decreased by $270,000 to $21,635,000
         when compared to $21,904,000 as of December 31, 1999.
         Inventories have decreased by $1,721,000 from $16,929,000 as of
         December 31, 1999 to $15,208,000 as of June 30, 2000.

              For the six months ended June 30, 1999, net cash provided by
         operating activities was $2,431,000.  Cash reserves decreased by
         $127,000 as of June 30, 2000 compared to December 31, 1999.  Net
         cash provided by operating activities was used to reduce net
         outstanding debt by $1,858,000 and to fund capital expenditures
         of $692,000.

              The Company's current ratio increased to 5.1 to 1.0 at June
         30, 2000 from 3.8 to 1.0 as of December 31, 1999. The ratio of
         total liabilities to shareholders' equity remained at 1.0 to 1.0
         as of June 30, 2000  and December 31, 1999.  Management believes
         that the cash provided by operations and long-term borrowing
         arrangements will provide adequate funds for current commitments
         and other requirements in the near future.

              Reference is made to the information included in Notes to
         the Consolidated Condensed Financial Statements of the Company,
         which is hereby incorporated herein by reference.

         PART II - OTHER INFORMATION

         Item 1.  Legal Proceedings

              Reference is made to the information included in Note 3 to
         the Consolidated Condensed Financial Statements of the Company
         included under Part I, Item 1 of this Form 10-Q, which is hereby
         incorporated herein by reference.

         Item 2.  Change in Securities

              None

         Item 3.  Defaults Upon Senior Securities

              None

         Item 4.  Submission of Matters to a Vote of Security Holders

              None

         Item 5.  Other Information

              The Board of Directors of Exolon-ESK Company accepted the
              resignation of Craig A. Rogerson, as a member of the Board
              of Directors in April 2000.  No replacement has been named
              to the position as of the date of this report.

         Item 6.  Exhibits and Reports on Form 8-K

              (a)   Exhibits

              The following exhibits are included herein:

              27   Financial Data Schedule

              (b)   Reports on Form 8-K

                          None

                                     SIGNATURE

              Pursuant to the requirements of the Securities Exchange Act
         of 1934, the registrant has duly caused this report to be signed
         on its behalf by the undersigned thereunto duly authorized.


         EXOLON-ESK COMPANY


         s/J. Fred Silver
         ----------------
         J. Fred Silver
         President and Chief Executive Officer


         s/Michael G. Pagano
         --------------------
         Michael G. Pagano
         Vice President Finance and
         Chief Financial Officer




         Date:     August 2, 2000