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American Metal Market Steel Awards for Excellence Dinner and Hall of Fame Celebration

ID: 1120518

(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 06/04/12 -- proudly announces the finalists for the . The 2012 Awards for Steel Excellence program will recognize the most innovative companies across multiple categories. The winners will be announced and honored at a special dinner on June 19, 2012 during the . Individual tickets will be available when you register for the event.

Also included in the dinner is a celebration of the newly launched and its inductees. A video tribute to the Inaugural Class will open the dinner and a live presentation by , Chairman and CEO of will honor Inaugural Class Inductee .

The Steel Hall of Fame Inaugural Class Includes:



The Class of 2012 will then be honored with the following presentations:

Tribute to 2012 Inductee by , Chairman & CEO,

Tribute to 2012 Inductee by , Chairman & CEO,

Tribute to 2012 Inductee by

Tribute to 2012 Inductee by

Tributes to by , Chairman & CEO, and , Chairman & CEO, including presentation of Hall of Fame plaque to , the first living Inductee to the Steel Hall of Fame

The evening continues with presentations for the . The full list of nominees includes:



- Phased Array Inspection System

- China Iron Ore Spot Trading Platform

- Tube Laser installation at Chicago Tube & Iron subsidiary

- Technology innovations to improve transparency



/Magnetation LLC, AK Coal Resource Inc.

/Latrobe Specialty Metals

/Tube Supply Inc.

/Novocast and Teknik (Mexico from Grupo Proeza) and Paxton-Mitchell (Omaha, Neb)

/Chicago Tube & Iron



- Operating cost savings, productivity increase resulting from Primary Optimization Program (POP)

- Blast furnace top gas Energy Recovery & Reuse (504 boiler project)

- Enhanced efficiency, quality resulting from rebuild of the 160-inch plate mill heat treat operation





- Seven-fold increase in throughput and zero customer rejections resulting from the implementation of Phased Array Inspection System

- Implementation of a Lean Manufacturing culture leading to a 12-percent Increase in revenue and 62-percent improvement in operating profit



- Primary Optimization Program (POP)

- Blast furnace top gas Energy Recovery & Reuse (504 boiler project)

- Rebuild of Heat Treat Operation serving 160-inch plate mill

- Installation of Individualized Oven Pressure Control System on No. 9 Coke Battery

- Increase in energy efficiency and profitability

Use of a unique, advanced magnetic separation process to recover iron ore from existing stockpiles of previously mined material.



- Global "Green" Initiatives, capital Investments and accreditation

Auto emissions reduction through the SMDI's FutureSteelVehicle Project

- Installation of a 100 KW Northern Power 100 wind turbine to supplement power used by company's Cleveland temper mill and corporate headquarters



, Carpenter Technology's Senior Vice President -Strategic Business Development & Governmental Affairs and Chairman of the Stainless Steel Industry of North America from 2009 to 2011, steering the organization through a difficult time for the industry.

, President, Steel Manufacturers Association (SMA)

, President and Chief Executive Officer, American Iron & Steel Institute (AISI)



- Introduction of numerous new products, including Pipeline Express, Seamless Steel and Copper Connection, designed to improve the ease of doing business by rail for metal shipping customers

- Pioneering a private fleet of metal movers that now number 117 total tractors and trailers and the implementation of a state-of-the-art fleet management system



- For overall excellence in customer service/support and continuous improvement initiatives worldwide

- Customer-centered service, community participation and strong support, have helped make Upstate Shredding - Ben Weitsman one of the largest privately held scrap metal processors on the U.S. East Coast

- Fourth-generation, privately owned, family business celebrated a banner year in 2011 when it rebranded, added satellite operations and adopted an aggressive plant to vertically integrate several new product lines and services into its business model.

- Brownsville, Texas-based licensed ship recycling, metal processing and environmental remediation contractor that has achieved steady growth over the past nine years.



- For excellence in customer service, support and retention. On-time delivery rates are said to have exceeded 99 percent for nearly a decade with customer complaint percentage pegged at less than 1/2 of one percent for 15 years. Return on net assets (RONA) 2009, 2010 and 2011 is reported at 1.5 percent, 21.7 percent and 23.9 percent respectively.

- Grew 41.5 percent in terms of tons sold and 26.3 percent in terms of customers sold in calendar year 2011. Also completed variety of expansion and equipment installation projects and experienced NO customer defaults or bankruptcies in 2010 or 2011.

- Moved aggressively to ensure future growth via the $165 million acquisition of Tube Supply at an attractive multiple of EBITDA.

- Acquisition for $150 million in cash and assumption of about $6 million in debt of Chicago Tube & Iron Co. (CTI, in July, 2011 proved immediately accretive to earnings. Combined, Olympic and CTI noted revenue of about $1.5 billion.)



- CMC's vertical integration model revolutionized the way the steel industry operates today.

. - By applying its knowledge of friction management and power transmission, Timken helps customers products run smoother, faster and more efficiently.

For more information about the AMM Awards for Steel Excellence or the Hall of Fame, please contact Karen Ross at 412-880-4966 or .





Contact:
Karen Ross
412-880-4966


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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 04.06.2012 - 06:14 Uhr
Sprache: Deutsch
News-ID 1120518
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