Dresser-Rand Named Finalist For Both 2013 Southwest Oil & Gas Award And EHS Today's America's Safest Companies Award
Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, power, and process industries, has been named a finalist for both the 2013 Southwest Oil & Gas award and EHS Today’s America’s Safest Companies award. Dresser-Rand’s entries for both awards featured information about its Health, Safety and Environmental programs and initiatives.
Dresser-Rand continues to make progress toward its goal of zero injuries. Its total recordable incident rate dropped 28% from 2011 to 2012 – a significant accomplishment, as the industry average is believed to be nearly 10 times higher than Dresser-Rand’s 2011 TRIR.
Peter Salvatore, Dresser-Rand’s Vice President and Chief Safety Officer, said, “Safety and environmental stewardship are core values and critical considerations in everything we do. We want to be the supplier of choice amongst our clients and recognize that health and safety are core values for them as well. Safety excellence requires the same kind of discipline as quality, on-time delivery and cost reduction.”
The Oil & Gas Awards celebrate the positive contributions made by upstream and midstream sector companies of the oil and gas industry in the areas of Health and Safety, Environmental Stewardship and Corporate Responsibility. The judges of the 2013 Oil & Gas Awards reviewed more than 400 entries and selected 67 finalists. Dresser-Rand was one of four finalists in Health and Safety.
Winners will be announced at the inaugural 2013 Southwest Oil & Gas Awards gala dinner at the Taste of Texas Ballroom, Sheraton Hotel and Spa in Fort Worth, TX, on October 22. The complete list of finalists is posted online at www.oilandgasawards.com.
The EHS award was founded in 2002 and more than 150 companies have been recognized for their excellence in integrating safety into their corporate culture and for their safety metrics being significantly better than their industry averages. To be considered one of America’s Safest Companies, companies must demonstrate transformational EHS leadership in the form of: support from management and employee involvement; innovative solutions to safety challenges; injury and illness rates significantly lower than the average for their industries; comprehensive training programs; evidence that prevention of incidents is the cornerstone of the safety process; excellent communication internally and exter¬nally about the value of safety; and a way to substantiate the benefits of the safety process.
There were 100 applicants this year and 30 finalists have been selected. Winners of the 2013 America’s Safest Companies Award will be announced at an awards ceremony on October 29 in Atlanta, GA.
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, France, United Kingdom, Spain, Germany, Norway, and India and maintains a network of 49 service and support centers (including 6 engineering and R&D centers) covering more than 150 countries. Dresser-Rand has principal offices in Paris, France, and Houston, Texas.
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; cost overruns and fixed-price contracts; 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; a failure or breach of our information system security; 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 www.sec.gov. 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 more information, visit www.dresser-rand.com.