Alcoa Recognized Again by Fortune - Analyst Blog
04 Marzo 2013 - 5:00AM
Zacks
Aluminum giant Alcoa Inc. (AA) 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
alumina.
Alcoa currently retains a short-term Zacks Rank #3 (Hold).
Other companies in the mining industry with favorable Zacks
Ranks are Aluminum Corporation Of China Limited
(ACH), Paramount gold and Silver Corp. (PZG)
and Denison Mines Corp. (DNN) with all
carrying a Zacks Rank #2 (Buy).
ALCOA INC (AA): Free Stock Analysis Report
ALUMINUM CP-ADR (ACH): Free Stock Analysis Report
DENISON MINES (DNN): Free Stock Analysis Report
PARAMOUNT GOLD (PZG): Get Free Report
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