The State of Pennyslvania gave its 2002 Governor's Export Excellence Award to Bonney Forge in recognition of creating new markets and forming new, strategic alliances. The award and other inducements to exporters have enabled Pennsylvania firms to grow exports by $9.8 billion between 1994 and 2000.

Bonney Forge has worked to improve its international presence in Latin America and Canada, while finalizing a joint venture with its Chinese cast steel valve manufacturer.