Visteon (NASDAQ:VC)
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Visteon Recognizes Outstanding Suppliers For Contributions to
Value-Based Supply Chain
Freescale Semiconductor named Global Visteon Important Partner of the Year
VAN BUREN TOWNSHIP, Mich., June 2 /PRNewswire/ -- Visteon Corporation
(NYSE:VC) recognized 18 "Best In Class" suppliers at its annual Visteon
Important Partner (VIP) awards program today at Visteon Village in Van Buren
Township, Mich. Visteon named Freescale Semiconductor as Global Visteon
Important Partner of the Year.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
"We view our supplier partners as an extension of our business and continuously
work to foster stronger and more collaborative relationships so we can deliver
innovative and high-quality products to our customers," said Paul Radkoski,
Visteon vice president, North American materials management. "It's a
value-based marketplace and Visteon is focused on creating a value- based
supply chain for our customers and recognizing our outstanding suppliers."
The annual awards program recognized suppliers exemplifying "Best in Class"
performance and going "above and beyond" to meet Visteon's needs and
expectations. Selection criteria focused on supplier performance in terms of
quality, delivery, value, technical capability and customer service. Supplier
awards were granted for the following areas: metals, non-metals, electronics,
non-production goods and services, transportation and exemplary minority
supplier in North America.
VIP award nominees undergo a thorough review of their performance and business
contributions by a global cross-functional Visteon team, with inputs from
manufacturing, product development, supplier quality, customer business groups
and purchasing. Award recipients must achieve 100 percent concurrence across
all customer functions and operating regions to confirm that they have
demonstrated the high level of performance that Visteon promotes within its
supply base.
From among the VIP award winners, Freescale Semiconductor was selected as the
Global Visteon Important Partner of the Year. Freescale Semiconductor earned
the award based on an assessment of all the category winners and their levels
of achievement in delivering business results, efficiency throughout the supply
chain, application of lean principles from information flow to product flow and
efforts to help maximize the leveraging of resources and expertise throughout
the supply chain.
"Freescale Semiconductor and all its employees truly performed beyond
expectations; they worked collaboratively and are being recognized as the best
of the best, a true partner in adding value for our customers," said Radkoski.
"Freescale has supported Visteon in many ways, including the development of
alternate resins to support design and manufacturing-related issues."
The following is a complete list of VIP award winners, shown by the commodity
group for which they supply components or materials to Visteon:
In North America
Metals Commodity Group:
* Automatic Spring
* Bing Metal Group
Non-Metals Commodity Group:
* Goodyear, Inc.
* Polywheels
* PPG
Electronics Commodity Group:
* Freescale Semiconductor ADP
* DeAmertek
Non-Production Commodity Group:
* Equity Industrial
* Redoe Mold
Transportation Commodity Group:
* Ryder
Minority Supplier:
* Enerflex
In Europe
Metals Commodity Group:
* Hydro Aluminum
Non-Metals Commodity Group:
* Solvay
Electronics Commodity Group:
* Stanley
* Freescale Semiconductor
Non-Production Commodity Group:
* Sigma
* Veolia Environment
Transportation Commodity Group:
* Astral Auto Logistics GMBH
Visteon Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive manufacturers worldwide and
through multiple channels within the global automotive aftermarket. Visteon
has about 70,000 employees and a global delivery system of more than 200
technical, manufacturing, sales and service facilities located in 24 countries.
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO
DATASOURCE: Visteon Corporation
CONTACT: Robin Pannecouk, +1-734-710-5575, , or Jim
Fisher, +1-734-710-5557, , both of Visteon Corporation
Web site: http://www.visteon.com/