Cleveland-Cliffs’ Subsidiary AK Steel Recognized by General Motors as a 2019 Supplier of the Year Winner
June 24 2020 - 11:27AM
Business Wire
AK Steel, a wholly-owned subsidiary of Cleveland-Cliffs
(NYSE: CLF), was named GM Supplier of the Year by General
Motors for Raw Materials during a virtual ceremony honoring the
recipients of the company’s 28th annual Supplier of the Year awards
on Wednesday, June 24, 2020. GM’s Supplier of the Year award is
reserved for suppliers who distinguish themselves by meeting
performance metrics for quality, execution, innovation, and total
enterprise cost. AK Steel produces a unique product mix of carbon,
stainless and electrical steel products for automotive solutions
and this is the third consecutive year that the business has
received the award.
During the event, GM recognized 116 of its best suppliers from
15 countries that have consistently exceeded GM’s expectations,
created outstanding value or introduced innovations to the company.
The awards ceremony was originally scheduled as a live-event to be
held in March but was postponed due to the impact of the COVID-19
pandemic. The recognition is for supplier performance in the 2019
calendar year.
“Our suppliers play a key role in delivering the products,
services and experiences our customers deserve – and these
award-winning suppliers went above and beyond our expectations,”
said Shilpan Amin, GM vice president, Global Purchasing and Supply
Chain.
“We also believe it’s important at this point in time to thank
our entire supply base for their efforts the last few months to
mitigate the impacts of COVID-19,” added Amin. “Not only have we
been able to safely restart our manufacturing operations, our
suppliers played a key role in assisting our initiatives to
increase the supply of ventilators and personal protection
equipment (PPE) for frontline health care workers to help save
lives and keep communities safe.”
Lourenco Goncalves, Chairman, President and Chief Executive
Officer said, “We are proud that AK Steel is recognized once again
as a premier GM Supplier of the Year. This prestigious award
recognizes our dedicated team’s outstanding technical and
commercial support to GM. More than anything, we value our
collaborative relationship with GM.” Mr. Goncalves added: “We are
committed to continuing to work with GM to design steel solutions
for their existing and new vehicles. GM’s commitment with the
future of the automotive industry is also our commitment.”
The Supplier of the Year award winners were chosen by a global
team of GM purchasing, engineering, quality, manufacturing and
logistics executives. Winners were selected based on performance
criteria in Product Purchasing, Global Purchasing and Manufacturing
Services, Customer Care and Aftersales, and Logistics.
About Cleveland-Cliffs Inc.
Founded in 1847, Cleveland-Cliffs is among the largest
vertically integrated producers of differentiated iron ore and
steel in North America. With an emphasis on non-commoditized
products, the Company is uniquely positioned to supply both
customized iron ore pellets and steel solutions to a
quality-focused customer base. AK Steel, a wholly-owned subsidiary
of Cleveland-Cliffs, is a leading producer of flat-rolled carbon,
stainless and electrical steel products. The AK Tube and Precision
Partners businesses provide customer solutions with carbon and
stainless steel tubing products, die design and tooling, and hot-
and cold-stamped components. In 2020, Cliffs also expects to be the
sole producer of hot briquetted iron (HBI) in the Great Lakes
region. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs
approximately 11,000 people across mining and steel manufacturing
operations in the United States and Canada. For more information,
visit www.clevelandcliffs.com or www.aksteel.com.
About General Motors
General Motors (NYSE: GM) is a global company committed to
delivering safer, better and more sustainable ways for people to
get around. General Motors, its subsidiaries and its joint venture
entities, sell vehicles under the Chevrolet, Buick, GMC, Cadillac,
Holden, Baojun and Wuling brands. More information on the company
and its subsidiaries, including OnStar, a global leader in vehicle
safety and security services, can be found at
http://www.gm.com.
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