Vulcan On Fortune Magazine’s Most Admired List - Among Top Ten In Social Responsibility And Financial Soundness
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Thursday, March 04, 2004
Birmingham, Ala. — Vulcan Materials Company (NYSE:VMC) announced that it has been named to Fortune Magazine’s “America’s Most Admired Companies” list, which appears in the publication’s March 8, 2004 issue. Vulcan ranked first in its industry category and ranked among the top ten companies in the U.S. Fortune 1000 for both financial soundness and social responsibility.
To compile its “Most Admired Companies” industry rankings list, Fortune identified the ten largest companies by revenues in 64 industries, including large subsidiaries of foreign-owned companies. They then asked 10,000 executives, directors and securities analysts to rate the companies of their own industries in eight separate categories: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products and services. Within its industry group, Vulcan was rated number one in all eight categories.
“Our culture and our vision for the future of this Company compel us to be good stewards of our financial resources while also operating in a socially responsible manner,” said Donald M. James, Vulcan’s chairman and chief executive officer. “The Fortune list is one indication that we are on the right track for continued success for our company, customers and communities. This recognition is a great tribute to the thousands of Vulcan employees all across the country who work every day to achieve superior returns for our shareholders and to be good citizens in the communities where we operate.”
Vulcan Materials Company was ranked 9th out of all Fortune 1000 companies in social responsibility. Social responsibility efforts at Vulcan are focused upon four areas: community involvement, environmental stewardship, safety and health, and product usage. Community involvement ensures we help strengthen the communities that support our facilities and provide us with employees. Environmental stewardship preserves the quality of life for future generations while providing products to enhance the quality of life for the present generation. Safety and health programs are fundamental in ensuring the health and well being of our workers and neighbors. Product usage reflects our determination to manufacture quality products in a responsible manner that adds value to society.
Every year the Company’s sites become open-air classrooms, offering thousands of students a hands-on experience in earth science and ecology. Approximately 30,000 students toured Vulcan locations in 2003. Each plant selects relevant activities that fit the interests of tour participants. In addition, many facilities partner with school groups or science classes to erect nest boxes for wildlife, create butterfly gardens, develop habitat to attract native flora and fauna, and build nature trails on our land. Some work with local Scouting organizations, retirement communities or other groups to monitor wildlife at these sites. Employees are active participants in these and other community-enhancing activities.
The other companies among the top ten in Fortune’s social responsibility category were United Parcel Service, Alcoa, Washington Mutual, BP, McDonald’s, Procter & Gamble, Fortune Brands, Altria, and American Express.
In the financial soundness category, Vulcan was ranked fifth out of all Fortune 1000 companies, and was joined in this category by United Parcel Service, Microsoft, Anheuser-Busch, Exxon-Mobil, Berkshire Hathaway, Procter & Gamble, Johnson & Johnson, Liz Claiborne, and Cisco Systems in the top ten.
Vulcan Materials Company, an S&P 500 company, is a producer of industrial materials with significant positions in two industries. It is the nation's foremost producer of construction aggregates, a major producer of other construction materials, and a leading chemicals manufacturer, supplying chloralkali and other industrial chemicals.
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