BEREA, OH-The Alloy Engineering Co., manufacturer of a range of alloy products for high-temperature furnace and corrosive applications, has been recognized as one of Ohio’s outstanding exporting firms at the Ohio Global Summit 2009.
The Governor’s Excellence in Exporting Award was presented by Ohio Governor Ted Strickland to Alloy Engineering President and Chief Executive Officer Louis Petonovich. Since 1986 award has 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 7% 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.
“Our industry is populated with other suppliers who simply fabricate replacement products and components that are identical to those they replace,” says Petonovich. “The result is no process improvement. Alloy Engineering’s approach is to analyze each application and, when appropriate, apply a fresh design approach, or new technology, to upgrade the process. The result is a more productive and dependable process with reduced operating costs. When we export products, we also export the technical expertise that has made us a leader in our industry. The trend with our domestic customers is that, as they expand globally, they look to us for the same technology and service we have supplied in the past.”