Regulatory News:
Autoliv Tremonton (NYSE:ALV) (STO:ALIV) has been selected as one of North America's Top Ten Best Plants by IndustryWeek, the leading manufacturing management magazine. The plant, located in Tremonton, Utah, produces initiators for airbag and seatbelt applications.
David Blanchard, IndustryWeek's Editor in Chief, said the Autoliv plant was selected from among 165 facilities demonstrating world-class manufacturing capabilities and a management mindset of continuous improvement. In announcing the award, the magazine noted that the plants were being recognized for "engaging their employees, deploying new technologies and collaborating with their supply chain partners as they pursue efforts to be the best."
"We are extremely honored to receive this important recognition from IndustryWeek and its panel of distinguished judges," said Mike Ward, President of Autoliv North America. "IndustryWeek looks for companies providing tangible examples of measurable and sustainable improvements. This award not only recognizes our employees for their skill in applying lean processes, but it also reflects our company's commitment to deliver superior value to our customers by implementing the Autoliv Production System."
Autoliv Tremonton participated in an extensive qualifying process that evaluated the plant's performance metrics in areas such as manufacturing operations and flexibility, process flow and productivity, quality, supplier management, and environment and safety programs. Measured improvement over a five-year period was also a critical factor for all candidates under consideration. IndustryWeek's Best Plants Award Program is an annual recognition of outstanding manufacturing facilities all across North America. The award recognizes plants on the leading edge of efforts to increase competitiveness, enhance customer satisfaction, and create stimulating and rewarding work environments.
The Autoliv initiator plant will receive a commemorative award at ceremonies scheduled for January 2008, at the site in Tremonton, Utah.
Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with approximately 42,000 employees in 28 vehicle-producing countries. In addition, the Company has technical centers in twelve countries around the world, including 21 test tracks, more than any other automotive safety supplier. Sales in 2006 amounted to US $6.2 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV).
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Contacts:
Mark Newton, Plant Manager
+1-435-257-1001
(office)
+1-801-388-4485 (mobile)
