NORTHVILLE, Mich., June 24, 2021 /PRNewswire/ -- Cooper
Standard (NYSE: CPS) is pleased to announce that it was once again
named a GM Supplier of the Year winner and was also recognized as
an Overdrive Award winner in General Motor's 29th annual
Supplier of the Year awards.
GM recognized 122 of its best suppliers from 16 countries for
performance in the 2020 calendar year. The annual awards highlight
global suppliers that distinguish themselves by exceeding GM's
requirements, in turn providing GM customers with innovative
technologies and among the highest quality in the automotive
industry.
This is the fourth consecutive year Cooper Standard has received the Supplier of the
Year award and the second consecutive year we have been recognized
for both our sealing and fluid handling products. The Company was
also one of only four companies to be recognized as an Overdrive
Award winner in the category of 'Sustainability'. GM highlighted
Cooper Standard for its
Fortrex® chemistry platform which enables an improved
value stream versus traditional EPDM and TP sealing materials.
Fortrex® offers enhanced product performance while also
significantly reducing the total lifecycle carbon footprint through
product weight savings and more efficient manufacturing processes
with reduced emissions.
First presented in 2012, GM's Overdrive Award is a distinction
reserved for suppliers who display outstanding achievement within
GM's Global Purchasing and Supply Chain organization's key focus
areas, including sustainable value streams, total enterprise cost
and profitability, safety, launch excellence, accelerating
innovation and nurturing relationships.
"As GM works to achieve a future with zero crashes, zero
emissions and zero congestion, we are proud to have innovative and
dedicated suppliers around the world as partners in this mission,"
said Shilpan Amin, GM vice
president, Global Purchasing and Supply Chain.
"Throughout a challenging year, our suppliers have showed
resilience and dedication in working toward our shared goal of
long-term sustainability for our planet and the communities we
serve, while meeting our present needs," Amin said. "We are pleased
with what we've accomplished together in the past year and we are
excited by the opportunity that lies ahead."
The 2020 Supplier of the Year and Overdrive Award winners were
selected by a global team of GM purchasing, engineering, quality,
manufacturing and logistics leaders. Winners were chosen based on
performance criteria in Product Purchasing, Global Purchasing and
Manufacturing Services, Customer Care and Aftersales, and
Logistics.
"We are honored to once again be recognized by General Motors
for our quality, innovation and performance efforts," said
Jeffrey Edwards, chairman and CEO,
Cooper Standard. "These two
prestigious awards further demonstrate Cooper Standard's commitment to providing our
customers with industry-leading solutions while also doing our part
to help reduce emissions and improve overall sustainability of our
products and the Company as a whole. Our Fortrex®
chemistry platform is a key enabler in our sustainability
journey."
About Cooper Standard
Cooper Standard, headquartered in
Northville, Mich., is a leading
global supplier of systems and components in diverse transportation
and industrial markets. Products include sealing, fuel and brake
delivery and fluid transfer systems. Cooper
Standard employs approximately 25,000 people globally and
operates in 21 countries around the world. For more information,
please visit www.cooperstandard.com.
General Motors is a global company focused on
advancing an all-electric future that is inclusive and accessible
to all. At the heart of this strategy is the Ultium battery
platform, which will power everything from mass-market to
high-performance vehicles. General Motors, its subsidiaries and its
joint venture entities sell vehicles under
the Chevrolet, Buick, GMC, Cadillac, Baojun
and Wuling brands. More information on the company and
its subsidiaries, including OnStar, a global leader in vehicle
safety and security services, can be found
at https://www.gm.com.
CPS_G
Media Contact
Chris
Andrews
Cooper Standard
(248) 596- 6217
candrews@cooperstandard.com
View original
content:http://www.prnewswire.com/news-releases/cooper-standard-named-2020-supplier-of-the-year-and-winner-of-coveted-overdrive-award-by-general-motors-301319797.html
SOURCE Cooper-Standard Holdings Inc.