June 26, 2012
Dresser-Rand Group Inc. ("Dresser-Rand" or "the Company") (NYSE: DRC) has published its third Corporate Sustainability Report, which identifies 13 sustainability goals across three main focus areas for the Company.
The theme of the Dresser-
Corporate Sustainability Report (the "Report") is Operational Excellence. The Report explains the Company's efforts to grow value for its stakeholders in a way that is sustainable, with emphasis on achieving Operational Excellence. The Report also profiles the Company's goals to create a safe and stimulating work environment for its employees, suppliers and service providers, discusses how it's reducing the environmental impact of Dresser-Rand and clients' facilities, and describes ways in which it's working to strengthen the communities in which the Company operates.
In a statement to stakeholders in the Report,
Vincent R. Volpe Jr.
, president and CEO of Dresser-Rand, describes the Company's commitment to sustainability, noting that, "Dresser-Rand is proud of the progress we have been making on bringing energy and the environment into harmony. Our mission for 2012 and beyond is to grow value for our stockholders in a way that is sustainable. It's our belief that sustainability and Operational Excellence are inextricably linked. Operational Excellence is our commitment to invest in people, processes, facilities, and supplier relationships that enable us to compete and excel in quality, cost and cycle time."
The Report was prepared using stakeholder feedback and the disclosure requirements of the Global Reporting Initiative. The Report includes summaries of the Company's progress across three core areas – environment, society and governance – that are key to Dresser-Rand's business sustainability.
The Report is printed in limited quantities on FSC-certified paper, which is manufactured using responsible sources. It is also available online at:
Dresser-Rand is committed to developing greater transparency in its reporting and improving the quality and quantity of the data reported. As such, it seeks comments around this Report and encourages feedback from its key stakeholders. Feedback on the report may be sent to:
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in
the United States
, and maintains a network of 49 service and support centers (including 6 engineering and R&D centers) covering more than 150 countries.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future bookings, revenues, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information. The words "anticipates," "believes," "expects," "intends," "appears," "outlook," and similar expressions identify such forward-looking statements. Although the company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks, and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks, and uncertainties include, among others, the following: economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy to increase aftermarket parts and services revenue; its ability to comply with local content requirements; delivery delays by certain third party suppliers of large equipment; its ability to implement potential tax strategies; competition in its markets; failure to complete or achieve the expected benefits from any future acquisitions; economic, political, currency and other risks associated with international sales and operations; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; its pension expenses and funding requirements; difficulty in implementing an information management system; and the Company's brand name may be confused with others. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at
. Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by applicable law. For information about Dresser-Rand, go to its website at