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Elcoteq named as Philips Best Overall Supplier 2009

By Elcoteq Communications | June 18, 2010

handover-best-overall-award.JPGRoyal Philips Electronics presented Elcoteq with the Best Overall Supplier Award for 2009 at the fifth Royal Philips Electronics Global Supplier Awards. The Award was presented to Mr. Jouni Hartikainen by Sonny Kwok, CPO Consumer Lifestyle in Eindhoven, the Netherlands, on June 2, 2010. Elcoteq supplies Philips with >80% of its TV boards in Europe and 50% of Ambilights, and is heavily involved in the launch of new and improved Lighting products.

The Royal Philips Electronics Global Supplier Awards recognize the suppliers’ performance in 2009, and winners were chosen based on ratings criteria captured in the Philips Global Supplier Rating System. The Awards program is integral to Philips strategic supplier relationship management program which brings key executives and representatives together with top suppliers to create a powerful network of business partners. The goal is to jointly generate value through shared goals and leveraging of mutual strengths and competencies.

The Award jury consisted of Philips’ Supply Management Leadership Board, which comprised of the Chief Purchasing Officers and Supply Chain Officers of the Consumer Lifestyle, Lighting and Healthcare sectors, Global Head Philips Supply Management and IT, and the CEO of Philips General Purchasing.

“Elcoteq is a worthy winner of this Award thanks to its excellent delivery and quality performance throughout 2009, as well as its focus on building strong business relationships,” said Sonny Kwok.

“I am extremely pleased to receive the Royal Philips Supplier Award. I would like to congratulate our Philips team in Elcoteq for the great contribution and teamwork”, says Jouni Hartikainen, the President and CEO of Elcoteq.

See the complete Press Information below:

June 2, 2010
Elcoteq named as Philips Best Overall Supplier 2009

Eindhoven, the Netherlands – Today Royal Philips Electronics (NYSE:PHG, AEX:PHI) presented global electronics manufacturing services (EMS) provider Elcoteq with the Best Overall Supplier Award for 2009 at the fifth Royal Philips Electronics Global Supplier Awards in Eindhoven, the Netherlands. The Award was presented to Elcoteq CEO Jouni Hartikainen by Sonny Kwok, CPO Consumer Lifestyle.

“Elcoteq is a worthy winner of this Award thanks to its excellent delivery and quality performance throughout 2009, as well as its focus on building strong business relationships,” said Sonny Kwok.

Elcoteq supplies Philips with >80% of its TV boards in Europe and 50% of Ambilights, and is heavily involved in the launch of new and improved Lighting products. Elcoteq is headquarted in Luxembourg. The company’s consolidated net sales for 2009 totaled 1.5 billion euros and it employs approximately 10,000 persons.

In addition to the recognition of Elcoteq as Best Overall Supplier 2009, Philips also presented:
• A Breakthrough Award to business consulting and strategic IT services outsourcing provider Infosys BPO Limited for its close cooperation with Philips and excellent customer service
• A Breakthrough Award to power electronics provider SL Industries for its responsiveness, value and innovations performance
• A Quality Award to automotive materials supplier GMG (Georgenthaler Metall GmbH), which achieved near-perfect Quality scores over 2009
• A Sustainability Award to Shanghai Y&L Lighting Co for its efforts in meeting Philips exacting standards for supplier sustainability
• A Growth Award to lighting supplier Violet in recognition of the ramp-up of supply to Philips over the course of 2009 due to high product quality and sustainability

The Royal Philips Electronics Global Supplier Awards recognize the suppliers’ performance in 2009, and winners were chosen based on ratings criteria captured in the Philips Global Supplier Rating System. The Awards program is integral to Philips strategic supplier relationship management program which brings key executives and representatives together with top suppliers to create a powerful network of business partners. The goal is to jointly generate value through shared goals and leveraging of mutual strengths and competencies. 

“The Global Financial Crisis made 2009 a rollercoaster year for many suppliers, but these award-winning companies have really shown that we master the collaborative advantage and that we are well-positioned for further growth” said Maarten de Vries, Global Head of Supply Management.

For further information, please contact:
Name: Ceciel van Stratum
Sector / department: Corporate Communications – Supply Management
Tel: +31651405385
E-mail: ceciel.van.stratum@philips.com

About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

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