STOCK TITAN

Standard Motor Products, Inc. Earns PACCAR 2022 10 PPM Award

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Standard Motor Products (SMP) Earns PACCAR's 2022 10 PPM Award
Positive
  • SMP receives prestigious 10 PPM Award from PACCAR for meeting high-quality standards
  • Recognition highlights SMP's commitment to delivering top-quality vehicle components
  • Award signifies SMP's dedication to continuous improvement and warranty support
Negative
  • None.

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- Standard Motor Products (SMP®) is honored to announce that it has earned PACCAR's 2022 10 PPM Award. PACCAR is a leading global manufacturer of light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. Each year, PACCAR recognizes suppliers who achieve its "10 PPM" quality standard, which means that less than ten out of every million supplier parts and components shipped to PACCAR were defective. To qualify for this award, suppliers must also meet warranty support and continuous improvement criteria.

Standard Motor Products is honored to announce that it has earned PACCAR's 2022 10 PPM Award.

The prestigious award was presented specifically to SMP's Independence, Kansas manufacturing facility. This location is dedicated to manufacturing state-of-the-art vehicle components through vertically integrated and lean manufacturing techniques, producing a wide variety of vehicle electronics including sensors, controllers, switches, regulators and other ignition components.

"SMP is proud to receive this 10 PPM Award from PACCAR, recognizing our commitment to providing components that meet the highest of quality standards," said Dale Burks, executive vice president and chief commercial officer at SMP. "We are grateful for our relationship with PACCAR, and remain committed to delivering real solutions to our partners."

About SMP® Engineered Solutions

SMP Engineered Solutions offers a wide range of custom-designed vehicle control and thermal management products. Offering an extensive portfolio of adaptable products covering a range of applications, SMP Engineered Solutions is supported by a global resource network, strategically positioned to provide unique solutions to a wide-range customer base. The division serves vehicle and equipment manufacturers in diversified end markets for on- and off-highway applications. To learn more visit SMPEngineeredSolutions.com.

About SMP®

With over 100 years in business, Standard Motor Products, Inc. (SMP) is a leader in the industries it serves and a trusted partner for all its stakeholders. We manufacture and distribute premium replacement parts for our customers in the Automotive Aftermarket while we provide customizable solutions for vehicle control and thermal management categories in diversified end markets represented by our Engineered Solutions segment. We are a global manufacturer with over 6,100 employees (inclusive of temporary and joint venture employees) across 32 manufacturing, distribution and engineering facilities and offices located in North America, Europe and Asia. SMP's strategy combines growth, stability and diversification to balance today's corporate needs with future opportunities, along with a goal to provide steady, long-term shareholder returns through consistent dividends, reinvestment back into our company and selective acquisitions that serve to make our core businesses stronger. For more information, download the SMP Parts App or visit SMPcorp.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/standard-motor-products-inc-earns-paccar-2022-10-ppm-award-301896079.html

SOURCE Standard Motor Products, Inc.

FAQ

What is the PACCAR 10 PPM Award?

The PACCAR 10 PPM Award is given to suppliers who achieve the company's '10 PPM' quality standard, meaning less than ten out of every million supplier parts and components shipped to PACCAR were defective.

What does the award signify for SMP?

The award signifies SMP's commitment to providing high-quality vehicle components and meeting stringent quality standards set by PACCAR.

Which SMP facility received the award?

The award was presented to SMP's Independence, Kansas manufacturing facility, dedicated to producing a wide variety of vehicle electronics through lean manufacturing techniques.

What did SMP's executive vice president say about the award?

Dale Burks, executive vice president and chief commercial officer at SMP, expressed pride in receiving the award and emphasized SMP's commitment to delivering top-quality solutions to its partners.

Standard Motor Products

NYSE:SMP

SMP Rankings

SMP Latest News

SMP Stock Data

673.81M
20.62M
4.83%
83.15%
3.06%
Auto Parts
Motor Vehicle Parts & Accessories
Link
United States of America
LONG ISLAND CITY