Visteon Honors 23 Global Suppliers for Outstanding Performance
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Visteon Honors 23 Global Suppliers for Outstanding Performance

VAN BUREN TOWNSHIP, Mich., April 17, 2008 /PRNewswire-FirstCall/ -- Visteon Corporation (NYSE: VC) honored 23 companies around the world for their outstanding overall performance in providing products and services to the global automotive supplier in 2007.

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Representatives of the 23 supplier companies were presented with Visteon Important Partner Awards in an April 16 ceremony at Visteon's Corporate Offices and Innovation Center in Van Buren Township, Mich. (U.S.) Of the Visteon suppliers honored, eight are based in the Asia-Pacific region, six in Europe, five in North America, and four in South America.

Chin Poon Industrial Co., Ltd., based in Tao-Yuan, Taiwan, was honored as Global Visteon Important Partner of the Year - Visteon's highest supplier honor. A Visteon supplier since 2002, Chin Poon Industrial earned the distinction for exceptional performance in meeting Visteon's requirements for printed circuit boards for electronics products in China, Taiwan and Thailand.

The Visteon Important Partner Award program, now in its sixth year, honors Visteon production and non-production suppliers that achieve the highest "best in class" ratings for quality, delivery, technology, launch and cost-control performance. The 23 companies honored for their 2007 performance represent less than 1 percent of Visteon's production and non-production suppliers.

"Having a world-class supply base is critical to Visteon's ability to meet the technology, quality and cost needs of vehicle manufacturers around the world, and these 23 suppliers represent 'the best of the best,'" said Donald J. Stebbins, Visteon president and chief operating officer. "We are proud to recognize these suppliers, who have performed at an extremely high level in supporting our three strategic product groups -- climate, electronics and interiors."

Stebbins added that Visteon's top-performing suppliers have been instrumental in Visteon winning nearly $1 billion in new business from auto manufacturers in each of the past two years, while improving its quality performance and delivering innovative products to an increasingly diverse customer base.

Visteon Important Partner award winners, listed by the Visteon product area they support, include:

    Climate Control Product Group
    -- Fegomat S.A. - Beunos Aires, Argentina
    -- Freudenberg Nonwovens - Weinheim, Germany
    -- Ogura Clutch Co. Ltd. - Kiryu, Japan
    -- Taiho Kogyo Co., Ltd. - Aichi-Prefecture, Japan
    -- TGK - Tokyo, Japan
    -- Woory Industrial Co., Ltd. - Su-Won, South Korea

    Electronics Product Group
    -- Chin Poon Industrial Co., Ltd - Tao-Yuan, Taiwan
    -- NEC Electronics Corp. - Kanagawa, Japan
    -- OSRAM Opto Semiconductors - Regensburg, Germany
    -- Silbor Industria E COMERCIO, Ltd. - Sao Bernardo Do Campo, SP, Brazil

    Lighting Category
    -- Empire Electronics - Troy, Mich. (U.S.)
    -- OSRAM GmbH - Munich, Germany

    Interiors Product Group
    -- LyondellBasell Industries - The Netherlands
    -- Benecke-Kaliko - Hanover, Germany
    -- Grand Siam Composites Co., Ltd. - Thailand
    -- NHK Fastener - Sao Paulo, Brazil
    -- Polytech Inc. - Troy, Mich. (U.S.)

    Non-Production Suppliers
    -- Active Burgess Mould & Design Ltd. - Windsor, Ontario, Canada
    -- Gran Sapore BR Brasil - Brazil, Mexico, Colombia, Honduras and Peru
    -- Packaging Services Management (A D.S. Smith company) - Monmouth, Wales,
       United Kingdom
    -- Redoe Mold Co., Ltd - Windsor, Ontario, Canada
    -- DST Co., Ltd. - Masan, Korea
    -- Siemens PLM Software (part of Siemens AG) - Plano, Texas

    Global Visteon Important Partner of the Year
    -- Chin Poon Industrial Co., Ltd. - Tao-Yuan, Taiwan

Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has facilities in 26 countries and employs approximately 41,500 people.

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