Cooper Standard Wins 2024 Seraph Operational Excellence Award for Quality Excellence

Rhea-AI Summary

On June 18, 2024, Cooper Standard's Aguascalientes, Mexico mixing facility received the Quality Excellence Award at the 2024 Seraph Operational Excellence Awards. The award recognizes top-performing automotive manufacturing facilities in North America. Cooper Standard was one of five companies honored. The selection process involved an online assessment and a one-day onsite evaluation. This facility was praised for its advanced manufacturing and quality testing processes, including its proprietary LoMOS system and QCLab. This marks the second consecutive recognition for the Aguascalientes facility, which also won a 2023 IndustryWeek Best Plants Award.

Positive

• Cooper Standard's Aguascalientes facility wins Quality Excellence Award at 2024 Seraph Operational Excellence Awards.
• Cooper Standard is one of only five companies recognized for operational excellence in North American automotive manufacturing.
• The selection process involved comprehensive evaluations, highlighting the facility's robust operational strategies.
• The Aguascalientes facility's advanced LoMOS system and QCLab were pivotal in securing the award, conducting over 5,000 tests daily.
• This marks the second consecutive year of recognition for the Aguascalientes facility, reinforcing its reputation for operational excellence.

Negative

• The press release does not provide specific financial benefits or impacts of the award on Cooper Standard's revenue or stock performance.
• No immediate or direct operational improvements or cost savings were mentioned as a result of the award.
• Lack of information on how this recognition might translate into competitive advantages or market share gains for Cooper Standard.

NORTHVILLE, Mich., June 18, 2024 /PRNewswire/ -- Recognizing its world-class culture and agility to support the evolving automotive and industrial markets, Cooper Standard's (NYSE: CPS) Aguascalientes, Mexico mixing facility was awarded a Quality Excellence Award during the 2024 Seraph Operational Excellence Awards ceremony.

The Seraph Operational Excellence Awards recognize automotive manufacturing facilities in North America that demonstrate outstanding performance and innovation across five categories. Cooper Standard is one of five companies Seraph is celebrating this year.  

"I would like to congratulate the entire team at our Aguascalientes, Mexico, facility for their dedication to excellence," said Patrick Clark, president, sealing systems and chief manufacturing officer, Cooper Standard. "The Cooper Standard team strives for excellence in all parts of our business and continues to achieve world-class results. This commitment enables us to serve as a trusted supplier to our global customers by delivering consistent, world-class quality in everything we do."

The winners of the Seraph Operational Excellence Awards were chosen through a comprehensive two-step process designed to assess and evaluate performance across key operational areas. In the first step, all candidates completed an online assessment, which thoroughly reviewed their logistics, operations, human resources, and quality practices. This assessment helped identify the organizations that exhibited exceptional operational excellence.

The top candidates from the initial assessment proceeded to the second step, where each received a one-day onsite assessment conducted by the Seraph team. During this phase, the Seraph experts conducted in-depth evaluations of the shortlisted organizations, gaining deeper insights into their operational strategies, practices and culture. 

"Cooper Standard's Aguascalientes mixing plant has a powerfully integrated manufacturing and quality testing process," said Pete Metcalfe, the senior consultant responsible for all assessments. "Their proprietary LoMOS system controls and confirms recipes with shop floor testing, that is then verified by an impressive QCLab. With over 5,000 tests per day this lab is world class in 5S and Safety with signs of continuous improvement mixed into their daily operations."

This is the second consecutive recognition for Cooper Standard's Aguascalientes, Mexico facility. Last year, it was one of two plants recognized with a 2023 IndustryWeek Best Plants Award for its outstanding operational excellence, customer service and employee engagement.

About Cooper Standard

Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 23,000 employees are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on LinkedIn, X, Facebook, Instagram or YouTube.

Contact: 
Chris Andrews
Cooper Standard
(248) 596-6217
candrews@cooperstandard.com

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SOURCE Cooper Standard

FAQ

What award did Cooper Standard's Aguascalientes facility win in 2024?

The Aguascalientes facility won the Quality Excellence Award at the 2024 Seraph Operational Excellence Awards.

How many companies were recognized at the 2024 Seraph Operational Excellence Awards?

Five companies, including Cooper Standard, were recognized for their operational excellence.

What are the key features of Cooper Standard's Aguascalientes facility?

The Aguascalientes facility features an advanced LoMOS system and QCLab, which conducts over 5,000 tests daily.

Was this the first recognition for Cooper Standard's Aguascalientes facility?

No, this is the second consecutive recognition. It also won a 2023 IndustryWeek Best Plants Award.

How were the winners of the 2024 Seraph Operational Excellence Awards selected?

Winners were selected through a two-step process, including an online assessment and a one-day onsite evaluation.