AK Steel 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. He further said that AK Steel have been a leader in diversity sourcing and have proactively embraced corporate sustainability.
“Supplier of the Year” awards are given by the Chrysler Group on the basis of supplier performance across several key metrics, including quality, delivery, cost and service.
AK Steel with its headquarter in West Chester, Ohio, AK Steel operates seven steel plants and two tube manufacturing plants across four states – Indiana, Kentucky, Ohio and Pennsylvania. The company has a wide product list comprising flat-rolled carbon, stainless and electrical steel products, mainly for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. AK Steel's safety programs are among the most comprehensive in the world, and the Company consistently leads the industry in safety.
AK Steel is a public company listed on the New York Stock Exchange under the symbol AKS, and is part of Standard & Poor's S & P 500 GICS (Global Industry Classification Standard) Steel Sub-Industry index - keeping AK Steel in the same group with many of the most prominent corporations in America. The number of employees working in AK Steel is about 6,200 including men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio, Butler, Pennsylvania, Ashland, Kentucky, Rockport, Indiana headquarters.
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.
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.
(Source: AK Steel)