BASF Wins Saturn Award for Second Consecutive Year; No Defects Earns BASF "Outstanding Supplier Achievement Award".Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com SOUTHFIELD, Mich.--(BUSINESS WIRE)--Oct. 2, 2001 For the second consecutive year, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida Corporation's Automotive OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Coatings Regional Business Unit received Saturn Corporation's Outstanding Supplier Achievement Award. The automotive manufacturer recognized BASF for supplying coating systems with no defects or rejections over the course of a production year. By virtue of earning the Outstanding Supplier Achievement Award for zero defects "Zero Defects" is a notional quality standard developed by Phil Crosby. Although applicable to any type of enterprise, it has been primarily adopted within industry supply chains wherever large volumes of components are being purchased (common items such as nuts and bolts are good , BASF also received Saturn's Supplier Quality Achievement Award for accomplishing less than 30 defects per million units. "Formulating, producing, shipping and applying automotive coatings is a very complex, intricate and demanding process. Considering the number of steps, people and other parameters involved, having no flaws whatsoever in the products we supply to this important customer for an entire year makes a strong statement about the value we bring to Saturn," said Martin Laudenbach, Group Vice President, BASF Automotive OEM Coatings. "We accept this award with tremendous pride." In recognition of receiving this prestigious award, BASF is currently displaying a Saturn Coupe painted with a very unique bright metallic orange finish in front of the company's Automotive Campus in Southfield, Mich. This innovative finish, developed in BASF's color development laboratories, is an unusual combination of special flake pigments and a BASF Zapon(TM) color dye that is normally used in BASF fiber products. Although an experimental product, BASF Automotive OEM Coatings is pursuing the potential commercialization of bright color finishes on vehicles in the future. Saturn has previously displayed this particular vehicle at the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Auto Show. BASF is the world's largest producer of chemicals and related products. Based in Mount Olive, N.J., BASF Corporation is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. affiliate of BASF AG (Ludwigshafen, Germany), which is 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. under the trading symbol Trading symbol See: Ticker symbol "BF." BASF Corporation had sales of $7.9 billion in 2000. BASF in North America employs more than 15,000 people at more than 50 locations, and can be found on the Internet at www.basf.com/usa. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.100201/bb8 |
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