U.S.-based Alcoa, a global leader in lightweight metals technology, engineering and manufacturing, walked away with two of the most prestigious titles at the third annual Platts Global Metals Awards, which recognize exemplary performance in a dozen categories across the steel, metals and mining complex.
Snaring Metals Company of the Year and Industry Leadership Award: Aluminum, Alcoa was one of 12 honorees from four continents heralded at a black-tie gala in central London last night. The event, hosted by Platts, a leading global energy, metals and commodities information provider, was emceed by CNBC's Karen Tso and attended by nearly 200 industry executives.
"We congratulate Alcoa, under the leadership of CEO Klaus Kleinfeld, for this impressive win," said Larry Neal, president of Platts. "Each of this year's winners and finalists deserves praise for important contributions to the metals sector in these challenging times of oversupply and soft prices. It's notable in the 2015 competition that companies were thinking outside the box and taking measures to move up- and down-stream in search of competitive edge and improved financial performance."
It was the decisive move away from a commodity focus to an emphasis on innovation and downstream high-end growth markets of automotive, infrastructure and aerospace that won American aluminum giant Alcoa the 2015 Metals Company of the Year title. In making its unanimous selection for this title, the independent judging panel applauded the company's nimble and strategic re-direction, calling it a "once-in-a-century shift." Aiding its Industry Leadership Award win was Alcoa's continued commitment to environmental efforts while simultaneously delivering 13 consecutive quarters of improved financial performance.
CEO of the Year, one of the program's most coveted awards, went to Mario Longhi, head of United States Steel Corporation (U.S. Steel), an integrated steel producer with major production operations in North America and Central Europe, since 2013. Judges were inspired by Longhi's clarity of vision, sound judgement and powerful motivational skills as he steered the company out of bloated costs and financial malaise and back to profitability.
Tadeu Nardocci, senior vice president of Novelis and president of Novelis South America, nabbed this year's Lifetime Achievement Award, with judges impressed by his diverse career touching every aspect of the metals industry. With a metallurgy degree, Nardocci joined Novelis, a global producer of rolled aluminum, as an engineering intern. Judges said he is now one of the few metals executives in the world who has made significant contributions to both his company and the industry across four continents.
The winner of the Rising Star Award, which recognizes vision, growth and ambition in a newer company, went to Egyptian Steel. Established in 2010 and described as an emergent leader of "New Egypt," the company earned praise from judges for its ability to distinguish itself from competition through eco-friendly technology, cost-effective transportation location and teaming with one of the top global suppliers of steel production lines to build out its plants.
Full details of the judges' rationale for its selections of the 2015 winners may be found in the Platts Global Metals Awards' Insight Magazine (http://www.platts.com/IM.Platts.Content/aboutplatts/mediacenter/mediakits/gma-2015-winners.pdf) and at this link. Following are the 2015 Platts Global Metals Awards 2015 winners:
Breakthrough Innovation of the Year: New Steel
CEO of the Year: United States Steel Corporation (U.S. Steel) – Mario Longhi
Corporate Social Responsibility Award: Teck Resources
Deal of the Year: International Coal Venture Pvt. Limited (ICVL)
Industry Leadership Award – Aluminum: Alcoa
Industry Leadership Award – Base Metals: Hindustan Zinc Ltd.
Industry Leadership Award – Raw Materials & Mining: NMDC Ltd.
Industry Leadership Award – Scrap & Recycling: NEMAK (Premium Alloys Unit)
Industry Leadership Award – Steel: JSW Steel Ltd.
Lifetime Achievement Award: Novelis – Tadeu Nardocci
Metals Distributor of the Year: Klein Steel Service Inc.
Rising Star Award: Egyptian Steel
Metals Company of the Year: Alcoa
For additional information, as well as the full list of finalists from which the winners were selected, see the Platts Global Metals Awards website (http://gma.platts.com/) and the media kit (http://www.platts.com/media-kits/mediagma2015).
Information on executive sponsors of the 2015 Platts Global Metals Awards and other supporters may be found at: http://gma.platts.com/AboutSponsor.
Nominations for next year's Platts Global Metals Awards will be accepted starting January 2016.
Platts will hold its sister, founding Awards event, the 17th annual Platts Global Energy Awards, on December 9, 2015, at Cipriani – Wall Street in New York City.
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