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Letter to the Editor

BASF Honored by General Motors as First Automotive Coatings Supplier of the Year for 2002

The award, which was presented to BASF during recognition ceremonies Saturday, April 12, in Miami, Florida, marks the first time that a company has been named by General Motors as a Supplier of the Year for automotive coatings.

"We are extremely pleased to be recognized by General Motors as one of its most valued global suppliers. We view this award as a reflection of the shared commitment of General Motors and BASF to the highest quality products and services," said Klaus Peter Loebbe, the member of the BASF AG Board of Executive Directors with responsibility for BASF's Coatings business. Loebbe is also Chairman and CEO of BASF Corporation in North America.

"This recognition is a tribute to BASF employees worldwide who serve GM, and reflects their unwavering commitment to quality and customer satisfaction," said Jean-Pierre Monteny, President of BASF Group's Coatings Division and CEO of BASF Coatings AG.

According to Bo Andersson, Vice President, GM Worldwide Purchasing Production Control & Logistics, BASF is representative of the select companies that GM expects will grow with it as the automaker seeks to increase market share.

"BASF's performance and contributions have been critical in helping GM to become the industry's low-cost producer of high-quality vehicles, and BASF serves as a role model for other suppliers," said Andersson.

The GM Supplier of the Year award began as a global program in 1992. Award winners are selected by a global team of General Motors executives from purchasing, engineering, manufacturing and logistics, who base their decisions on supplier performance in quality, service, technology and price.

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