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Celestica Recognizes STMicroelectronics With First-Year Global Supplier Award |
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Geneva, June 10, 2002 - STMicroelectronics (NYSE: STM) today announced that it had been awarded a first-year Partners in Performance award by Celestica Inc. (NYSE, TSX: CLS), a world leader in electronics manufacturing services (EMS). Awards were handed out last week to select suppliers at Celestica's fourth annual Global Supplier Awards in Toronto. The awards were given in recognition of outstanding achievements and support of Celestica's electronics manufacturing services goals. "STMicroelectronics is pleased to be recognized by Celestica, one of the EMS industry leaders," said Dick Pieranunzi, President and CEO of STMicroelectronics' Americas Region. "As a company dedicated to our customers, we're proud and grateful that we've had the opportunity and privilege to support Celestica and its customers." The Partners in Performance awards are given to suppliers based on their ability to support Celestica's supply-chain management objectives in the following areas: flexibility and responsiveness, impact on asset management, effectiveness and efficiency, and overall supplier performance. "STMicroelectronics' support of Celestica's supply chain requirements was essential to the success of Celestica's relationships with its customers," said Karlheinz Totz, chief procurement officer, Celestica. "We're proud to recognize STMicroelectronics as one of Celestica's Partners in Performance and we value their contribution immensely." About STMicroelectronics STMicroelectronics, the world's third largest semiconductor company, is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, (IP) Intellectual Property portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2001, the Company's net revenues were $6.36 billion and net earnings were $257.1 million. Further information on ST can be found at http://www.st.com. |
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