Dana Announces Recipients of 2023 Supplier Awards
Rhea-AI Summary
Dana Incorporated (NYSE: DAN) has announced its 2023 Supplier Awards recipients, recognizing eight companies from five countries for excellence in supporting Dana's strategy. The awards ceremony was held on August 14 at Dana's world headquarters in Maumee, Ohio. Award categories included Leveraging the Core, Drive Customer Centricity, Deliver Innovative Solutions, Expand Global Markets, Lead Electric Propulsion, Diverse Supplier of the Year, Indirect Supplier of the Year, and Sustainability Supplier of the Year.
Craig Price, Senior Vice President of Purchasing and Supplier Development, emphasized the importance of a world-class supply base for Dana's success. Dana, based in Maumee, Ohio, reported sales of $10.6 billion in 2023 with 42,000 employees across 31 countries. The company is recognized for its ethical practices and responsible business operations.
Positive
- Dana recognized eight suppliers for excellence, indicating strong supply chain relationships
- Reported sales of $10.6 billion in 2023, demonstrating significant market presence
- Global operations with 42,000 employees across 31 countries, showing wide market reach
- Named among 'World's Most Ethical Companies' for 2023 and 2024, enhancing corporate reputation
Negative
- None.
News Market Reaction – DAN
In the trading session that priced this news, DAN declined 1.75%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
A special ceremony was held on August 14 at the company's world headquarters in
This year's award winners include:
- Leveraging the Core Award: Hanil Forging Ind. Co, Ltd.
- Drive Customer Centricity Award: Shandong Haoxin Co., Ltd
- Deliver Innovative Solutions Award: Ramkrishna Forgings Limited
- Expand Global Markets Award: MFC Netform LLC
- Lead Electric Propulsion Award: StarPower Semiconductor LTD.
- Diverse Supplier of the Year: Global Capital, Ltd.
- Indirect Supplier of the Year: Energy Savings Management Consultants SPA
- Sustainability Supplier of the Year: Aapico Forging Public Company Limited
"To be successful, you must have a world-class supply base, which is why it is an honor to recognize this exceptional group of suppliers who go above and beyond every day to ensure Dana's success," said Craig Price, Senior Vice President of Purchasing and Supplier Development. "We truly appreciate their outstanding effort to partner with us. Despite ongoing challenges around the world, their dedication to safely delivering on their commitments supported Dana's efforts to provide the quality and service our customers deserve."
About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.
Based in
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SOURCE Dana Incorporated