Magnetek Receives Premier Supplier Award From Joy Global. From Left: Joy Global's Rick Johnston And Robert Caracci; Magnetek's Hungsun Hui And Joe Ley; Spencer Davis, Joy Global; Gary Bolbat, Magnetek (Photo: Business Wire)
Magnetek, Inc. (NASDAQ: MAG), a leading designer and manufacturer of digital power and motion control systems used in mining applications, has been awarded 2012 Premier Supplier of the Year status by Joy Global Inc. This is the second year Joy Global has recognized a select group from its nearly 5,000 North American suppliers. As one of only 39 recipients, Magnetek represents best in industry quality, delivery and value as identified by Joy Global.
“We are extremely pleased to receive this award. It puts us in good company with some of the finest suppliers in the business,” said Peter McCormick, president and chief executive officer for Magnetek. “Our goal is always to provide the best products possible and foster close relationships with our customers.”
Awards were granted to companies achieving target metrics for quality, on-time delivery, material productivity and long-term relationship with Joy Global. Particular emphasis was placed on Magnetek’s successful investment in capacity improvement, established supply agreement and development capabilities.
About Joy GlobalJoy Global Inc. is a worldwide leader in high-productivity mining solutions. Through its market-leading P&H and Joy brands, Joy Global manufactures, markets, and services original equipment and support parts for the surface and underground mining industries. Joy Global's products and related services are used extensively for the mining of coal, copper, iron ore, oil sands, gold and other mineral resources. About Magnetek Magnetek, Inc. provides digital power and motion control systems used in mining, elevator and overhead material handling applications. The Company is a leading independent supplier of digital motion control systems for underground coal mining applications, including drives and wireless radio controls. Magnetek is the world's largest independent builder of highly integrated digital motion control systems for high-rise, high-speed elevators. The Company is North America’s largest supplier of digital drive systems for industrial cranes, hoists and monorails. Magnetek also provides Energy Engineered ® radio remote controls, motors, and braking and collision avoidance subsystems to North America’s foremost overhead material handling crane builders. Headquartered in Menomonee Falls, Wis., in the greater Milwaukee area, the Company operates manufacturing facilities in Pittsburgh, Pa., and Bridgeville, Pa., as well as Menomonee Falls.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV