GM's exclusive Supplier of the Year awards were presented to 78 of its best global suppliers, less than 1% of its supply base, that have consistently exceeded GM's expectations and created outstanding value. Metaldyne was recognized in the Powertrain category for its design, engineering and supply position of connecting rods, which are provided to GM in a number of global markets.
"These companies are the best-of-the-best suppliers, and deserving of special recognition for their outstanding contributions," said Steve Kiefer, GM vice president, Global Purchasing and Supply Chain. "We need them to continue to bring us their most innovative technologies and highest quality services and work, and we will continue to win together for the benefit of our customers."
The Supplier of the Year award winners are chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives.
"Being recognized as a General Motors' Supplier of the Year for two consecutive years is an exciting acknowledgement for all Metaldyne employees," said Thomas Amato, president and CEO, Metaldyne LLC, and co-president of Metaldyne Performance Group. "All of us at Metaldyne strive to provide General Motors and all our customers unrivaled support and leading technology, and we will continue delivering the best possible products and services to our customers well into the future."
The award was accepted on behalf of Metaldyne and its employees by Thomas Amato and George Lanni, Metaldyne's vice president of sales – Sintered Products.
Metaldyne LLC is a leading global manufacturer of highly engineered metal-based components for engine, transmission, and driveline applications in the automotive and light truck markets. Products include powder metal engine connecting rods, engine bearing caps, engine cylinder oil jets, transmission sub-assemblies, forged differential gears and pinions, differential assemblies, engine balance shaft modules, transmission shafts, and engine crankshaft dampers.
Metaldyne has 26 locations in 13 countries, and is a wholly-owned subsidiary of the Metaldyne Performance Group ( www.mpgdriven.com), which is owned by American Securities, a leading private equity firm ( www.american-securities.com). More information about Metaldyne can be found at www.metaldyne.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements regarding the outlook for the MPG's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including those described under the heading "Risk Factors" in our filings that we make from time to time with the Securities and Exchange Commission. MPG undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.
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SOURCE Metaldyne Corporation
General Motors (GM)
Kevin Singer, 734-582-6349