News Article

Recognized for Value Analysis Achievement

Recognized for Value Analysis Achievement

HEMATITE RECEIVES SUPPLIER AWARD FROM TOYOTA

(March 20, 2018) – Hematite, a supplier of aerodynamics, interior acoustics and water management solutions was recognized with a Superior VA award from Toyota Motor North America, Inc. (TMNA) at its Annual Supplier Business Meeting (ABM) on March 20. Held at the MotorCity Casino Hotel in Detroit, ABM brings together approximately 850 supplier representatives from across North America.

“We feel very honoured to receive this prestigious award and want to say “thank you” to Toyota for this special recognition. The team at Hematite has worked hard over the years to build solid relationships that provide cost effective, lightweight solutions for our customers. This is a great example of Hematite and Toyota’s partnership working together to enhance performance and value in the products” states John Pavanel, President of Hematite.

Currently celebrating 22 years, ABM allows TMNA to discuss business objectives with direct and indirect suppliers in preparation for its upcoming fiscal year. Each year, TMNA recognizes suppliers who exceeded the company’s expectations in several categories.

"Toyota collaborates with each of our supplier partners in order to build vehicles with the high safety, quality and reliability standards to meet and exceed our customer’s expectation,” said Robert Young, Group Vice President, TMNA R&D Purchasing and Supplier Engineering Development and Cost Planning. “We are pleased to recognize those in our supply base who exceed our high performance targets and allow us to build ‘ever better vehicles’ for our North American customers. We thank them and their team members for their tremendous support, partnership and commitment to continuous improvement and collaboration.”

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 36 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 47,000 people (more than 37,000 in the U.S.).  Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold more than 2.7 million cars and trucks (2.4 million in the U.S.) in 2017 – and about 87 percent of all Toyota vehicles sold over the past 15 years are still on the road today.

Toyota partners with community, civic, academic, and governmental organizations to address our society’s most pressing mobility challenges. We share company resources and extensive know-how to support non-profits to help expand their ability to assist more people move more places.

For more information about Toyota, visit www.toyotanewsroom.com.