FRANCE: PSA Peugeot Citroen names Inteva Products as 'core supplier'
Inteva Products has been designated as a 'core supplier' for PSA Peugeot Citroen.
"This prestigious distinction is a high honour and reflects Inteva's commitment to customer service, product quality and value-based innovation," said Inteva products president and CEO, Lon Offenbacher.
The supplier says PSA Peugeot Citroen is accelerating measures to support the automotive industry in line with French government initiatives stemming from the January 2009 Automobile Summit and the creation of the Automotive Industry Platform (PFA).
The automaker's strategy emphasises supplier relationships as being a "mutual, competing and long-lasting advantage in order to share value creation," notes an Inteva statement.
"As an element of its 'excellence in supplier relationships,' PSA recognises and rewards core suppliers."
These are mid-size companies with international operations, with the initiative's goal to recognise 100 core suppliers by 2015.
"For many years, Inteva Products has been expanding its R&D investment and capacity in order to participate in PSA Peugeot Citroen's new projects," added the supplier statement.