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The Journal Gazette

Sunday, February 03, 2019 1:00 am


SDI ranked on Fortune admired list

Staff, news services

Fortune magazine has named Steel Dynamics Inc. one of the World's Most Admired Companies for 2019. The Fort Wayne steelmaker is ranked No. 1 in the metals industry.

Mark Millett, the company's president and CEO, said officials are honored.

“Our recognition is testimony to the strong character and determination of our employees. It is their dedication and passion for excellence that propels Steel Dynamics to the highest standard of operational and financial performance,” he said in a statement.

According to Fortune, the World's Most Admired Companies is an annual ranking in which winners are determined by a survey of executives, directors and analysts.

They evaluate corporate reputation based on nine attributes – innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products and or services, and global competitiveness.

Ford expands use of exoskeleton vests

Ford Motor Co. and other manufacturers are providing EksoVest, an exoskeleton wearable technology that helps elevate and support workers' arms when lifting.

Ford piloted the EksoVest at two U.S. plants before deciding last year to expand its use to 15 factories and seven countries. The vest provides lift assistance for 5 to 15 pounds per arm

Boeing Co. is among other companies that provide their workers with exoskeletons. 

VW tops Toyota in global sales

Toyota Motor Corp. says it sold 10.59 million vehicles globally last year, fewer than the 10.83 million delivered by German rival Volkswagen AG.

And Nissan Motor Co. said its global sales totaled 5.65 million vehicles last year, while Renault SA of France, which owns 43 percent of Nissan, had global sales of 3.9 million vehicles.

Nissan owns 34 percent of smaller Japanese rival Mitsubishi Motors Corp., which sold 1.2 million vehicles last year.

United Continental drops fees for TV

United Continental is dropping the fee to watch DirecTV live television and films on jets equipped with the service.

Free TV will now be available on 211 of United's Boeing Co. single-aisle 737s, United said in a statement last week.

United previously charged $5.99 for flights of less than two hours and $7.99 for longer. The television service was free in first class.