Applied Industrial Technologies Receives Excellence and Innovation Awards from Eastman Chemical Company
CLEVELAND, OH (July 19, 2011) - Applied Industrial Technologies (NYSE:AIT) has received two prestigious awards from Eastman Chemical Company as part of their Eastman Supplier Excellence Program (ESEP) for 2010. The Eastman Supplier Excellence Award signifies consistent performance in furnishing Eastman with high quality materials and on-time shipping performance, while working on Eastman's behalf to improve efficiency and competitiveness in today's market.
The Eastman Innovation Award recognizes that Applied® has made other value-added contributions, such as assisting numerous customers throughout the facility with value-added projects and helping to proactively manage inventory levels for optimum efficiency.
"Less than one-tenth of one percent of Eastman's suppliers qualifies for an ESEP award," explained Debbie Davis Waltermire, Director of Global Indirect Procurement and Supply Chain for Eastman. "Applied is one of only three suppliers to win the Innovation Award and the only company to win both the Supplier Excellence and Innovation Awards for 2010."
"Eastman Chemical is a valued customer that allows us to work closely with several departments throughout their organization, which gives us the opportunity to be successful in helping them reduce costs," said Tom Armold, Vice President - Marketing and Strategic Accounts for Applied. "Our Kingsport, TN location is proud of this service achievement because it represents a year of firsts with Eastman - our first-time partnership with them and our first time receiving their recognition awards. We look forward to even stronger team building and cooperation between our companies."
About Eastman Chemical Company
Eastman's chemicals, fibers and plastics are used as key ingredients in products that people use every day. Approximately 10,000 Eastman employees around the world blend technical expertise and innovation to deliver practical solutions. The company is committed to finding sustainable business opportunities within the diverse markets and geographies it serves. A global company headquartered in Kingsport, Tennessee, USA, Eastman had 2010 sales of $5.8 billion. For more information, visit www.eastman.com.
About Applied Industrial Technologies
With approximately 470 facilities and 4,600 employee associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than 4 million parts critical to the operations of MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training, plus solutions to meet inventory and storeroom management needs that help provide enhanced value to its customers. For its fiscal year ended June 30, 2010, Applied posted sales of $1.89 billion. Applied can be visited on the Internet at www.applied.com.
For more information, contact Julie Kho, Applied Industrial Technologies, 1 Applied Plaza, Cleveland, OH 44115-5020, ph. 216-426-4483, e-mail jkho@applied.com.
