Dear Friends, Colleagues and Neighbors,
You will also see that this report has a fresh, new look! After taking the time to analyze and understand our vision and path for sustainability, we launched a revitalized set of goals in 2017, accompanied by a new, beautifully designed logo, and reorganized priorities for the next five years. We’ll start reporting against the new goals in next year’s report, but we want you to have an initial look at where we’re headed, a direction that will lead the way to our future success.
Looking back to 2016, I’d like to highlight a few areas of significant progress:
As I always say to our employees, there is nothing more important at Southwire—no order, no job, no efficiency—than the people who work here. Throughout the year, we did a great job of putting new policies, teams and systems in place to identify hazards and mitigate risk throughout the organization, and our efforts haven’t stopped. We continue to find new ways to eliminate injuries and incidents from our workplace and strive each day for best in class safety performance.
Another key highlight of the year was the introduction of our ONE Southwire approach; meaning that we act as a unified company, sharing our values, culture, commitment and processes in order to provide the best solutions for our stakeholders. As the year progressed, we restructured our business groups to better serve our markets, began the creation of standardized tool kits, looked at continued career development opportunities and made many other advancements in the spirit of our three strategic initiatives: Build Organizational Capability, Drive Operational Excellence and Accelerate Growth.
Growth Through Investment
Though we faced economic challenges in a few of our markets, we were able to make significant investments through the acquisitions of United Copper Industries, Inc. and Sumner Manufacturing, Inc. in 2016, helping us to take advantage of opportunities in one of our core business areas and further expand the footprint of one of our newer businesses. We expanded the product offering in many of our business units and continue to innovate and create game-changing solutions to better serve the needs of our customers. We also expanded our distribution footprint with the creation of the Retail East CSC, which serves the needs of retail customers like The Home Depot, Lowe’s and Menards.
Inspiration Through Our Communities
As we remain steadfast in our commitment to Giving Back, we celebrated significant wins with our educational partnerships, and our now more than 800 Project GIFT Blackshirt volunteers participated in over 100 events last year. These achievements were highlighted by the milestone of now more than 1,600 12 for Life® graduates and our efforts to distribute in excess of 23,000 bags in our Back to School giveaways across the Southwire footprint.
As we’ve taken meaningful steps to develop and implement our goals for the future, our accomplishments have only been possible through the relentless efforts of our Southwire people. I am extremely proud to lead this great team as we prepare for the next generation of industry-leading success.