Dresser-Rand Named One of America's Safest Companies and Wins 2013 Southwest Oil & Gas Award
HOUSTON, Oct. 28, 2013 /PRNewswire/ -- Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, power, and process industries, was recently selected as one of America's Safest Companies by EHS Today magazine and a winner of the 2013 Southwest Oil & Gas Award. Both awards featured several of Dresser-Rand's Health, Safety and Environmental programs and initiatives.
Vincent R. Volpe Jr., Dresser-Rand's President and CEO, said, "Safety is a critical, core value for us. These awards reaffirm our Company's commitment to providing an environment in which we as employees may create a culture of ethics, caring and respect for one another. We are honored to have received these awards, and proud of the underlying efforts that take place daily as we strive for safety, health and the well-being of our environment."
Of 100 applications this year, EHS Today selected 16 companies that provide a safe working environment for thousands of employees and serve as a reference point for companies hoping to achieve world-class safety status. Winners will be recognized at an awards ceremony on October 29 in Atlanta, GA.
The EHS award was founded in 2002. Since then, more than 150 companies have been recognized for their excellence in integrating safety into their corporate culture and for their safety metrics being significantly better than their industry averages.
To be considered one of America's Safest Companies, companies must demonstrate transformational EHS leadership in the form of: support from management and employee involvement; innovative solutions to safety challenges; injury and illness rates significantly lower than the average for their industries; comprehensive training programs; evidence that prevention of incidents is the cornerstone of the safety process; excellent communication internally and externally about the value of safety; and a way to substantiate the benefits of the safety process.
Dresser-Rand was also selected as the winner of the 2013 Southwest Oil & Gas Health and Safety Award. The Oil & Gas Awards celebrate the positive contributions made by upstream and midstream sector companies of the oil and gas industry in the areas of Health and Safety, Environmental Stewardship and Corporate Responsibility. The judges of the 2013 Oil & Gas Awards reviewed more than 400 entries and selected 67 finalists. Dresser-Rand was one of four finalists in Health and Safety.
Winners were announced at the inaugural 2013 Southwest Oil & Gas Awards gala dinner at the Taste of Texas Ballroom, Sheraton Hotel and Spa in Fort Worth, TX, on October 22.
"We recognize that we cannot achieve a zero-injury culture without becoming operationally excellent," said Peter Salvatore, Dresser-Rand's Vice President and Chief Safety Officer. "Safety discussions of at-risk behaviors and conditions are a primary rallying point in discussions with our employees. Our ultimate goal is to eliminate workplace injuries through disciplined processes, execution and employee empowerment."
Earlier this year, Dresser-Rand was also recognized by the National Safety Council for an Occupational Excellence Achievement Award, as well as an award for multiple Dresser-Rand locations that demonstrated exceptional safety performance in the workplace.
More information about Dresser-Rand's health and safety efforts is available in its 2012 Corporate Sustainability Report at sustainability.dresser-rand.com.
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, and India and maintains a network of 49 service and support centers (including 6 engineering and R&D centers) covering more than 150 countries. Dresser-Rand has principal offices in Paris, France, and Houston, Texas.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future bookings, revenues, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information. The words "anticipates", "believes", "expects", "intends", "appears", "outlook," and similar expressions identify such forward-looking statements. Although the Company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks, and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks, and uncertainties include, among others, the following: economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy to increase aftermarket parts and services revenue; its ability to comply with local content requirements; delivery delays by certain third party suppliers of large equipment; cost overruns and fixed-price contracts; its ability to implement potential tax strategies; competition in its markets; failure to complete or achieve the expected benefits from any future acquisitions; economic, political, currency and other risks associated with international sales and operations; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; a failure or breach of our information system security; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; its pension expenses and funding requirements; difficulty in implementing an information management system; and the Company's brand name may be confused with others. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at www.sec.gov. Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by applicable law. For information about Dresser-Rand, go to its website at www.dresser-rand.com.
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