Alloy Engineering recognized as outstanding Ohio-based exporter
The Alloy Engineering Co., Berea, Ohio, was recognized as one of Ohio's outstanding exporting firms at the Ohio Global Summit 2009 at ceremonies in Columbus on Aug. 26, 2009. The company designs and manufactures heat and corrosion-resistant metal products.
The Governor's Excellence in Exporting Award was presented by Ohio Governor Ted Strickland to Alloy Engineering President and CEO Louis Petonovich. Since 1986 the awards have recognized companies of all sizes that have shown superior performance or heightened awareness of exporting as a vital component of Ohio's economy.
Ohio is the country's seventh-largest exporter, shipping more than $45 billion in goods last year. With a seven percent increase in sales from 2007, it's the only state to report increases in exports every year since 1998.
Alloy Engineering had record sales in recent years, with half of these sales from exports. The company has experienced exceptional international growth in supplying products for the power-generation, petrochemical, and agricultural industries — fundamental industries that are necessary to serve expanding populations with rising standards of living and growing industrial infrastructures.
In 2008 Alloy Engineering joined a Global Alliance to provide fabrications used to reduce greenhouse gas emissions. The alliance consists of companies in England, Germany, Japan and Finland that participate in the Carbon Credit Trading Market. It is Alloy Engineering's job to ensure the fabrications sent to Alliance members meet the standards set by the industry.