Autoliv Tremonton Receives 2007 Best Plant Award from IndustryWeek.Annual Award Program Recognizes the 10 Best Manufacturing Facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. STOCKHOLM, Sweden -- Regulatory News: Autoliv Tremonton (NYSE NYSE See: New York Stock Exchange :ALV ALV Arvonlisävero (Finnish: value added tax) ALV Avian Leukosis Virus ALV Andorra La Vella (capital of Andorra) ALV Autonomous Land Vehicle ALV Asta La Vista ALV Alvin, Texas ALV Air Launched Vehicle ) (STO:ALIV ALIV A Life in Vain (band) ) 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 Tremonton is a city in Box Elder County, Utah, United States. The population was 5,592 at the 2000 census. Geography Tremonton is located at (41.709383, -112.173778)GR1. , 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 mind·set or mind-set n. 1. A fixed mental attitude or disposition that predetermines a person's responses to and interpretations of situations. 2. An inclination or a habit. 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 Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. 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 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: ALV) and its Swedish Depository Receipts on the OMX OMX Office Max (stock symbol) Nordic Exchange in Stockholm (ALIV). This information was brought to you by Cision http://newsroom.cision.com |
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