Collins & Aikman Announces Participation in Covisint Exchange
10 October 2000
Collins & Aikman Announces Participation in Covisint Exchange
TROY, Mich.--Oct. 10, 2000--Collins & Aikman Corporation today announced that it has officially joined Covisint, the global Internet-based product exchange formed by General Motors, Ford, DaimlerChrysler, Renault and Nissan. In making the announcement, Thomas E. Evans, Chairman & CEO of Collins & Aikman, said, "Joining Covisint underscores our commitment to be an industry leader in OEM business-to-business initiatives. We believe Covisint will provide benefits to the entire automotive industry by promoting innovative product solutions and by creating common standards and an infrastructure that reduces system inefficiencies through improved communications between suppliers and customers. Given Collins & Aikman's unique position as both a key Tier One and major Tier Two supplier, participation in Covisint not only will enhance our own business opportunities but also will provide benefits for our customers and suppliers worldwide."Evans continued, "Our participation in Covisint should allow Collins & Aikman to improve its competitive position in the marketplace through reduced time to market, lower procurement costs and enhanced overall efficiency of Collins & Aikman's entire supply chain operations. As we continue to build upon our leading market positions in convertible tops, automotive fabric, and floor and acoustics systems technology, participation in electronic commerce such as Covisint's will be increasingly more important."
Collins & Aikman Corporation , is the global leader of floor and acoustic systems and a leading supplier of automotive fabric, interior trim, and convertible top systems. The Company's operations span the globe with 63 facilities and more than 15,000 employees in 12 countries who are committed to achieving total excellence. Collins & Aikman's high-quality products combine industry-leading design and styling capabilities, superior manufacturing capabilities and the industry's most effective NVH "quiet" technologies. For more information about Collins & Aikman, visit the Company's web site at www.collinsaikman.com.