Bel Receives Celestica Global Supplier Award for Second Straight Year.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--June 7, 2002 "Partners in Performance" Award Presented by Celestica at Its Fourth Annual Global Supplier Awards for Supply Chain Management Bel Fuse, Inc. (Nasdaq:BELFA)(Nasdaq:BELFB) today proudly announced that for the second consecutive year, it has received a "Partners in Performance" award from Celestica Inc. (NYSE NYSE See: New York Stock Exchange , TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : CLS (Common Language Specification) The structure and syntax of .NET and CLI programming languages. See .NET. ), a world leader in electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS). The award was presented last night to select suppliers at Celestica's fourth annual Global Supplier Awards in Toronto. These awards are given in recognition of outstanding achievements and support of Celestica's electronics manufacturing services goals. "Bel is pleased to be recognized by an industry leader like Celestica," says Dan Bernstein, president of Bel Fuse Inc. "It's especially rewarding because we supply Celestica with such a wide variety of products, from fuses to transformers to our highly-integrated connector modules. This award recognizes that Bel is doing its best across all products lines, regardless of manufacturing complexity." The "Partners in Performance" awards are given to suppliers based on their ability to support Celestica's supply chain management objectives in the following areas: flexibility and responsiveness, impact on asset management, effectiveness and efficiency, and overall supplier performance. "As a leader in supply chain management, Celestica is committed to recognizing its key suppliers for their contribution to Celestica's overall success in the EMS industry," said Karlheinz Totz, Celestica's chief procurement officer A Chief Procurement Officer (CPO) is an executive role focused on supply management for an enterprise. A report by Aberdeen Group shows a marked acceleration in the significance of procurement's role. . "We value Bel Fuse's contribution immensely and are proud to recognize them with a second-year 'Partners in Performance' award." About Bel Bel (www.BELfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , high speed data transmission, automotive and consumer electronics. Products include magnetics and integrated connector modules for voice and data transmission, fuses, DC/DC converters, delay lines and hybrid circuits A circuit that contains different types of circuitry or chips. See mixed signal and hybrid microcircuit. . The Company operates facilities around the world. |
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