Autoliv Promontory Facility Receives Shingo Prize for Excellence in Manufacturing.STOCKHOLM, Sweden -- Autoliv Inc. - the worldwide leader in automotive safety - today announced that its Promontory Facility in Utah has received the 2006 Shingo Prize for Excellence in Manufacturing The Shingo Prize for Excellence in Manufacturing is awarded annually to by Utah State University to North American companies that "achieve world-class manufacturing status." It was established in 1988 and is named in honor of Shigeo Shingo. External links
Dubbed the "Nobel Prize of Manufacturing" by Business Week magazine, the award, administered by Utah State University's College of Business, promotes world-class manufacturing and recognizes companies that achieve superior customer satisfaction and business results. The Promontory Facility becomes the fifth of Autoliv's six facilities in Utah to receive this coveted prize. "Autoliv is honored to once again be recognized with this award for its effective implementation of the lean manufacturing philosophy," said Lars Westerberg, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Autoliv, Inc. "These principles of continuous improvement have long been at the heart of the Autoliv Production System, providing a compass for future product, process and safety improvements." The Autoliv Promontory Facility produces gas generant for use in manufacturing driver, passenger, side-impact and side-curtain airbags for Autoliv's customers in North America, Europe and Asia. This facility produces more igniter material and gas generant annually than any other pyrotechnic facility in the world. Through the application of the Autoliv Production System, the facility has reduced process lead time by 69%, reduced customer ppm to zero, reduced inventory by 68%, reduced overhead by 38% and improved LMPU LMPU Labor Minutes Per Unit by 45%. During this same time, the Autoliv Promontory Facility has received numerous awards for outstanding safety and environmental practices. Some of those practices include developing a process to disassociate dis·as·so·ci·ate tr.v. dis·as·so·ci·at·ed, dis·as·so·ci·at·ing, dis·as·so·ci·ates To remove from association; dissociate. dis explosives back into their constituent raw materials. By using this process, the facility has not only recovered copper to sell on the open market, but has also eliminated over 150,000 lbs. of hazardous waste per year from being burned. Additionally, the Autoliv Promontory Facility has created a waste water treatment plant and was awarded recognition as the "Outstanding Treatment Plant in Utah". Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv has 80 facilities with 40,000 employees in 30 vehicle-producing countries. In addition, the company has development and engineering centers in six countries around the world, including 20 test tracks, more than any other automotive safety supplier. Sales in 2005 amounted to US $6.2 billion. The Company's shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange :ALV) and its Swedish Depository Receipts on the OM Stockholm Stock Ex-change (SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the :ALIV ALIV A Life in Vain (band) ). www.shingoprize.com This information was brought to you by Waymaker http://www.waymaker.net |
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