Lear Corporation Recognizes Suppliers With Hall of Fame Award
14 April 2000
Lear Corporation Recognizes Suppliers With Hall of Fame AwardSOUTHFIELD, Mich., April 14 Lear Corporation (NYSE: LEA) today announced the selection of eight companies as recipients of the 2nd Annual Lear Corporation Supplier Hall of Fame Awards. The awards, presented last night during a recognition event at Lear World Headquarters, pay tribute to the best suppliers to Lear's North American Operations for 1999. Using the Lear Supplier Rating System, Lear selected the award winning companies based on quality, delivery, service and competitiveness. Out of more than 1,650 suppliers to Lear's North American Operations, only eight companies were honored with the prestigious Hall of Fame Awards for 1999. "Our supplier partners play a crucial role in our success and our focus to advance relentlessly in meeting the needs of our customers," said Kenneth L. Way, Lear Chairman and Chief Executive Officer. "These suppliers represent the best of the best in 1999 and are helping us meet and exceed the expectations of our customers." "Our 1999 honorees have established benchmarks for quality, delivery, service and competitiveness that are worthy of distinction," said Steve Hayworth, Lear Vice President of Global Purchasing. "These companies have the drive and commitment necessary to succeed, and exemplify the level of performance that will ensure the long term success of the entire enterprise." The Woodbridge Group Woodbridge of Mississauga, Ontario, Canada, is a leading producer of molded foam globally, providing an extensive list of urethane products necessary to meet the ever-changing needs of Lear's customers. With a strong commitment to quality, delivery, and technical innovation, Woodbridge remains clearly focused on the primary objective, "Customer Satisfaction" both in the industry as well as in the marketplace. Woodbridge is the only Lear supplier that also received the Hall of Fame Award for 1998. Bayer Corporation & Nova Chemical Bayer and Nova worked together with Lear to develop a new instrument panel structural concept, with Bayer supporting the hybrid component and Nova providing the structural duct. Bayer of Pittsburgh, Penn., is a large, multi-national supplier of thermoplastics and other materials, providing a broad range of products to meet industry needs. Nova of Calgary, Alberta, Canada, is among the largest North American producers of styrene, polystyrene, ethylene and polyethylene. Datastream, Inc. Datastream of Greenville, S.C., is the leading provider of computerized maintenance management systems and enterprise asset management systems. The firm's involvement in launching Lear's "full circle" e-commerce system has been the first major installation of its type in the auto industry. Fasco DC Motors Fasco of St. Louis, Mo., is Lear's largest and fastest growing direct current motor supplier. This company's excellent quality, delivery and technical ability has established Fasco as a leader in a highly competitive market. The focus on quality and innovation has helped Fasco to become an integral part of Lear's new Mark II seat adjuster system, which was unveiled at Lear's display during last month's Society of Automotive Engineers 2000 World Congress and Expo and will be introduced into the marketplace this fall. Janesville Products Janesville of Norwalk, Ohio, is the leading manufacturer of engineered non-woven fiber insulation for the North American automotive market, and a key global partner with Lear Corporation. Tiercon Industries Tiercon of Oakville, Ontario, Canada, is one of Lear's largest and fastest growing plastic component suppliers. This company has established itself as an emerging Tier II consolidator, focusing on plastic components and assemblies and leveraging its state of the art "Class A" paint capability. Tiercon's innovation and design expertise has helped the company become a valuable partner to Lear. Tyco Electronics Tyco of Harrisburg, Penn., is the Lear Electronic and Electrical Division's largest supplier and a critical global partner. Tyco provides terminals and connector systems, tubing, adhesives (tape) and electronic components. Tyco's diverse technical resources have established the company as a leader in the automotive market. The Lear Corporation Supplier Hall of Fame Awards were established to recognize companies that have provided best-of-class service to Lear's North American Operations in terms of quality, delivery, service and competitiveness. Last year, the awards program's inaugural year, Lear presented seven suppliers with Hall of Fame Awards for 1998. Lear Corporation, a Fortune 150 company headquartered in Southfield, Mich., is one of the world's largest automotive suppliers, with 1999 sales of $12.4 billion. The company's world-class products are designed, engineered and manufactured by more than 120,000 employees in over 300 facilities located in 33 countries. Information about Lear and its products is available on the Internet at http://www.lear.com .