) announced that it has been recognized by the Fortune magazine
as the "most admired" metals company in the world for the second
time in a row.
The most admired list of Fortune is based on the surveys
conducted by executives, directors and analysts who rate
companies in their own industry. Out of the nine parameters that
are required for the recognition, Alcoa topped in seven of them.
The parameters included innovation, people management, use of
corporate assets, social responsibility, quality of management,
financial soundness and long-term investment.
Alcoa has been in Fortune's "most admired" list since the
magazine began the annual ranking 30 years ago. Alcoa attributes
its success to its employees who strive toward continuous growth
of the company, leading to excellence.
Last month, Alcoa received the 2013 Accessory of the Year
Award in China. The company was honored in the Best Safety &
Energy Savings category. Alcoa received the award based on its
contribution to China's bus manufacturing industry. Alcoa's award
win was dedicated to three factors.
The first one being its brand influence and reputation. The
second factor taken into consideration was application of Alcoa's
products in the China bus market. Alcoa has a presence in China
since 2004 and advanced processes and technologies, as well as
high-quality products have made positive contributions to the
development of China's bus manufacturing industry.
The company also expanded its presence in the country by
opening a production facility in Suzhou, China, and created a
full wheel manufacturing, distribution, sales and service network
in China. The third factor was Lightweighting. Alcoa's forged
aluminum wheels help to lightweight the commercial vehicle
industry, making it an industry leader.
Alcoa is among the world leader with respect to production and
management of primary aluminum, fabricated aluminum, and alumina
as well as the world's largest miner of bauxite and refiner of
Alcoa currently retains a short-term Zacks Rank #3 (Hold).
Other companies in the mining industry with favorable Zacks
Aluminum Corporation Of China Limited
Paramount gold and Silver Corp.
Denison Mines Corp.
) with all carrying a Zacks Rank #2 (Buy).
ALCOA INC (AA): Free Stock Analysis Report
ALUMINUM CP-ADR (ACH): Free Stock Analysis
DENISON MINES (DNN): Free Stock Analysis
PARAMOUNT GOLD (PZG): Get Free Report
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