received Ford Motor Company's Gold World ExceTORONTO, ONTARIO--(CCNMatthews - May 5, 2004) - Toronto, Ontario - Martinrea International Inc., a leader in the production of quality metal parts, assemblies and modules and fluid management systems focused primarily on the automotive sector, announced today that it had received Ford Motor Company's Gold World Excellence Award for its superior performance in 2003.
The World Excellence Awards provide annual recognition based on quality, cost and delivery performance. Forty-two suppliers from 16 countries won awards in various categories.
"For achieving the highest level of performance, we gratefully recognize Martinrea International for its exceptional contributions and efforts," said Tony Brown, Ford Vice President, Global Purchasing.
There are three types of World Excellence Awards - Gold, Silver and Recognition of Achievement. The Gold and Silver Awards are given to suppliers that excel in quality, delivery and cost; 12 suppliers won the Gold Award, and 24 suppliers won the Silver Award.
Fred Jaekel, Martinrea's President and Chief Executive Officer, stated, "We are extremely pleased with this award. I congratulate all our employees who work hard to satisfy our customers, by providing quality products, good service and good prices to our customers in a very competitive market. This award is a testament to our vision, our people and our processes, and strengthens Martinrea's reputation as a quality supplier. We also express appreciation for our relationship with the Ford Motor Company."
The common shares of Martinrea trade on The Toronto Stock Exchange under the symbol "MRE".
FOR FURTHER INFORMATION PLEASE CONTACT:
Martinrea International Inc.
Nick Orlando
Executive Vice President and Chief Financial Officer
(416) 749-0314
(905) 264-2937 (FAX)
30 Aviva Park Drive
Vaughan, Ontario, L4L 9C7