- Supplier of the Year Award goes to Springs & Stabilizers unit
- Recognition for superior quality, new products, cost efficiency and supply chain
ESSEN, 25-Mar-2016 — /EuropaWire/ — thyssenkrupp has been honored by carmaker General Motors as one of its best global suppliers. The 2015 Supplier of the Year Award went to thyssenkrupp’s Springs & Stabilizers business unit based in Hagen. Performance was rated in the categories product quality, launch of new products, cost efficiency and supply chain. The award ceremony took place in Detroit in mid-March.
Mathias Koll, CEO of the Springs & Stabilizers business unit of thyssenkrupp: “We are proud that we were able to win out against strong international competition and we are delighted at this award. General Motors has been one of our most important customers for decades. Across the world we supply products for some of the biggest model platforms of General Motors.”
thyssenkrupp has been supplying General Motors with chassis components, such as springs and stabilizers, for around fifty years. During this time thyssenkrupp has been honored many times by General Motors in individual markets and regions. This year is the first time thyssenkrupp has won the coveted award as global best supplier. In the past fiscal year the company produced around three million springs and over a million stabilizers for General Motors vehicles in thyssenkrupp plants in the USA, Europe, Brazil and China.
General Motors recognized 110 of its best suppliers from 17 countries who have consistently exceeded General Motors’ expectations, created outstanding value, or brought new innovations to the company. Winning suppliers were chosen by a global team of General Motors purchasing, engineering, quality, manufacturing, and logistics executives and selected based on performance criteria in Product Purchasing, Indirect Purchasing, Customer Care and Aftersales, and Logistics.
Besides springs and stabilizers, thyssenkrupp supplies the US’s biggest carmaker with other chassis and engine components such as steering columns, electric power-assisted
steering systems and camshafts. In addition, thyssenkrupp supplies steel for General Motors’ European sites as well as engine and transmission production lines.
thyssenkrupp in the automotive industry
thyssenkrupp is one of the world’s leading suppliers of materials and components to the auto industry. Nine out of ten premium class cars are fitted with components made by the company. One in three trucks feature drive components from thyssenkrupp. In the 2014/2015 fiscal year thyssenkrupp’s sales in the automotive sector came to around 9.8 billion euros. Customers include practically all the big auto manufacturers.
thyssenkrupp Components Technology business area
Employing around 29,000 people thyssenkrupp’s Components Technology business area produces high-tech components worldwide for the automotive and machinery sectors. In the auto sector the product range includes assembled camshafts, cylinder head modules with integrated camshafts, crankshafts, steering and damping systems, springs and stabilizers as well as the assembly of axle modules. In the machinery sector thyssenkrupp supplies components for construction equipment, wind turbines and numerous general engineering applications. In fiscal year 2014/2015 the Components Technology business area achieved sales of 6.8 billion euros.”
Business Area Components Technology
Phone: T: +49 201 844 – 544352
SOURCE: thyssenkrupp AG