AK Steel Receives "Metallic Supplier of the Year" Award from Chrysler Group LLC
WEST CHESTER, Ohio, June 8, 2012 /PRNewswire/ -- AK Steel (NYSE: AKS) has received the Metallic "Supplier of the Year" award from Chrysler Group LLC. The award recognizes AK Steel for extraordinary performance in 2011, and positions AK Steel among an elite group of Chrysler's top suppliers.
"We are honored to receive this prestigious award from Chrysler," said James L. Wainscott, Chairman, President and CEO of AK Steel. "We value our outstanding relationship with Chrysler, and appreciate the opportunity to serve the company's growing needs."
According to Chrysler, AK Steel exhibited a prevailing sense of urgency to meet goals, solve problems and support the company's growth objectives.
"AK Steel has performed with outstanding quality, delivery and commercial support," said John Torvinen, Head of Metallic Purchasing and Chrysler Group. "They have been a leader in diversity sourcing and have proactively embraced corporate sustainability."
Chrysler's supplier of the year awards are based on supplier performance across several key metrics, including quality, delivery, cost and service. In addition, the awards reflect input from members of Chrysler's senior leadership team.
AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company employs about 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at www.aksteel.com.
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at www.aktube.com.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, owns or leases metallurgical coal reserves in Somerset County, Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a joint venture headquartered in Grand Rapids, Minnesota, which produces iron ore concentrate from previously mined ore reserves.
SOURCE AK Steel