STOCKHOLM, Sweden, Jan. 14, 2004 (PRIMEZONE) -- The award, which is The TPM Excellence -- First Category, was given to Autoliv's French subsidiary, Autoliv France, by the Japanese Institute of Plant Maintenance (JIPM).
In 2003, the JIPM-Institute awarded 69 companies with its first category award. Most of these companies were Japanese, and only nine European, including two from France.
JIPM's goal with its prize is to improve companies' results and to create motivating work conditions.
"We are honored and delighted to have been selected for this prestigious award," declared Benoit Marsaud, who is both President of Autoliv France and the manufacturing director globally for Autoliv Inc.
"This award is the result of many people's hard work in Autoliv. It will inspire us to continue to deliver world-class manufacturing excellence," he added.
In JIPM's evaluation of candidates for the prize, the Japanese institute audits the following eleven factors and activities: TPM (Total Productive Maintenance) policy and objectives; TPM organizations and activities; Individual Improvement activities; Autonomous Maintenance activities; Planned Maintenance activities; Quality by Maintenance activities; Project Development activities; Training and Education; Maintenance in Administrative departments; Safety, Sanitation and Environment; as well as TPM results, effects and evaluation
Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv has 80 facilities with over 35,000 employees in 30 vehicle-producing countries. In addition, the company has technical centers in nine countries around the world, including 20 test tracks, more than any other automotive safety supplier. Sales in 2002 amounted to US $4.4 billion. The Company's shares are listed on the New York Stock Exchange (NYSE:ALV) and its Swedish Depository Receipts on the OM Stockholm Stock Exchange (SSE:ALIV).
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