Lear Corporation Honors Ten Suppliers in Eighth Annual Hall of Fame Awards Program
SOUTHFIELD, Mich., June 21 /PRNewswire-FirstCall/
-- Lear Corporation (NYSE: LEA) today announced the presentation of the
Lear Hall of Fame Award, its highest honor, to ten suppliers based on
Now in its eighth year, Lear's Annual Hall of Fame Supplier Awards
Program recognizes those suppliers who demonstrate excellence in
quality, delivery, service and competitiveness. The winning suppliers,
determined by using the Lear Supplier Rating System, were honored during
a luncheon ceremony today.
"A superior supply base is an integral part of Lear's success with
its own customers," said Bob Rossiter, Lear Chairman and Chief Executive
Officer. "Lear's operating philosophy is based on consistently
delivering the highest standards of quality. Our Hall of Fame suppliers
were all exemplary in quality and they are to be truly commended for
their outstanding performance."
The recipients were selected from more than 3,200 companies that
supply Lear globally. The Lear Supplier Hall of Fame Award winners for
Global Enterprises / Molding & Assemblies
Hope Global of Detroit / Cut & Sew Assemblies
KOA Speer Electronics, Inc. / Resistors
Kromberg & Schubert / Seat Harnesses
LM Gear Company / Threaded Products
Microchip Technologies / Microcontrollers
Murata Electronics N.A., Inc. / Passive Electronic Components
ON Semiconductor Corporation / Semiconductors
RCO Engineering, Inc. / Prototype Components & Tooling
Sofanou, Inc. / Wire Harnesses Components
Global Enterprises is a certified minority supplier recognized by
Lear as an industry leader for providing exceptional delivery, cost,
quality and customer support. Global Enterprises has demonstrated
product diversification within the automotive sector in areas of
extrusions, die-cutting, compression molding and assemblies.
Global Enterprises has been a supplier to Lear since 1998 and
continues to grow and develop their partnership with Lear. The
company's corporate office is located in Huntington Woods, Mich. Global
Enterprises also has three manufacturing locations in Chesterfield,
Mich.; Superior, Wis.; and El Paso, Texas, which is strategically
located in close proximity to Lear's Mexican Trim Operations in Mexico.
Hope Global of Detroit
Hope Global of Detroit is a minority-owned, quality source of cut,
sew and assembly products located in Redford, Mich. Backed by several
years of experience in the textile market, Lear has a strong partnership
with Hope Global and the support of its worldwide manufacturing and
Hope Global of Detroit has been a supplier to Lear since 2002 and
continues to grow and develop this relationship by providing superior
quality and cost-competitive products. In addition, Hope Global of
Detroit has demonstrated a sincere dedication to outstanding customer
service and a commitment to timely deliveries.
KOA Speer Electronics, Inc.
As a global leader in surface mount passive components, KOA Speer
Electronics, Inc. enjoys a leading position as a resistor supplier to
Lear. The Bradford, Penn.-based company is a part of the KOA umbrella
corporation based in Japan and serves Lear in each region in which it
World-class logistics enable KOA to ship hundreds of unique part
numbers in volumes that reach millions per month with a near flawless
delivery record. KOA's focus on quality ensures that rejected products
are measured in parts per billion. KOA sets the standard at Lear for
all other electronic component suppliers to follow.
Kromberg & Schubert
Kromberg & Schubert GmbH & Co. KG is an electrical and
electronic component supplier headquartered in Abensberg, Germany. The
company produces wire harnesses, fiber-optic cables, grommets and
various other electrical components, mainly for the automotive market.
Kromberg & Schubert is Lear's leading supplier of seat harnesses
for Lear's German customers including BMW and Audi. With locations in
13 countries in addition to Germany, Kromberg & Schubert's
commitment to consistently deliver high quality, competitively priced
products makes them a valuable supplier to Lear.
LM Gear Company
LM Gear is a leading thread and gear manufacturer of products to the
automotive, off-road and appliance industries. Located in Chesterfield,
Mich., LM Gear provides Lear with a variety of threaded products
including worm gears and lead screw assemblies.
LM Gear is a valued supplier committed to quality and continuous
improvement. In addition, LM Gear's ability to respond to compressed
timing and demanding delivery requirements has made it an integral
partner in achieving smooth, on-time launches of critical programs.
Microchip Technologies, located in Chandler, Ariz., is a leading
provider of microcontroller and analog semiconductors. As a leader in
8-bit microcontrollers, Microchip has provided Lear with a high-level of
quality and outstanding customer support.
Microchip's commitment to lower total systems costs and its global
manufacturing footprint have allowed Microchip to become a key
contributor to the success of multiple critical launches for Lear over
the past 12 months. Furthermore, Lear's success with its own customers
in automotive electronics is due in large part to the outstanding
support we have received from Microchip.
Murata Electronics N.A., Inc.
Murata Electronics is Lear's leading supplier of passive electronic
components. Headquartered in Japan, Murata is a global company that
specializes in the design and production of capacitors, resistors and
various filter technologies.
Murata's commitment to technological innovation as well as its
outstanding customer support and quality has made them a valued supplier
to Lear. Backed by many years of electronic component experience,
Murata has provided Lear with products and services above and beyond
ON Semiconductor Corporation
ON Semiconductor's strong portfolio of automotive semiconductor
products and proven history of superior support and logistics has made
the company a preferred supplier to Lear for several years. Based in
Phoenix, Ariz., ON Semiconductor continues its tradition as a cost and
quality leader on standard products through global manufacturing sites
and world-class logistics systems.
Further ensuring ON Semiconductor's growth and success with Lear and
in the marketplace is an innovative design team developing application
specific products. Lear's success with its own customers in automotive
electronics is due in large part to the seven-year partnership it has
enjoyed with ON Semiconductor.
RCO Engineering, Inc.
Located in Roseville, Mich., RCO Engineering is Lear's primary
supplier of prototype plastic components and tooling for seating
systems. As a full- service supplier, RCO has aided Lear in
streamlining its development programs by offering a wide array of
capability in design, engineering and prototype manufacturing processes.
RCO is the first prototype supplier to jointly develop affordable
cost standards in conjunction with the Lear cost engineering team,
further streamlining the development process and providing a means to
better forecast and reduce prototype costs. Its ability to adapt to the
rapidly changing needs of development programs, along with the
timeliness of deliveries and consistent, high-quality products, has made
RCO an exemplary supplier in the prototype commodities.
Specializing in the global manufacture and development of protection
and fastening components for on-board electrical and electronic wiring
harnesses, Sofanou, Inc. again exceeded Lear's expectations with
best-in-class customer service, quality and delivery, along with
pro-active participation in advanced engineering and Cost Technology
From its headquarters in France and manufacturing facilities around
the world, Sofanou continuously proves itself to be an innovative world
leader committed to success through exemplary cooperation with Lear's
Electrical Systems Division. In order to further enhance its Low Cost
Country presence and value chain management, Sofanou has added a plant
in Honduras to be near Lear's three wire harness production facilities.
Lear Corporation is one of the world's largest suppliers of
automotive interior systems and components. Lear provides complete seat
systems, electronic products and electrical distribution systems and
other interior products. With annual net sales of $17.1 billion, Lear
ranks #127 among the Fortune 500. Lear's world-class products are
designed, engineered and manufactured by a diverse team of 115,000
employees at 282 locations in 34 countries. Lear's headquarters are in
Southfield, Michigan, and Lear is traded on the New York Stock Exchange
under the symbol [LEA]. Further information about Lear is available on
the Internet at http://www.lear.com/ .
SOURCE: Lear Corporation
CONTACT: Investor Relations: Mel Stephens, +1-248-447-1624,
Media: Andrea Puchalsky, +1-248-447-1651, both of Lear Corporation
Web site: http://www.lear.com/
Company News On-Call: http://www.prnewswire.com/comp/518304.html
Posted on 6/21/2006