AKRON, Ohio, July 20, 2015 /PRNewswire/ -- A. Schulman, Inc. (Nasdaq: SHLM), a leading international supplier of high-performance plastic compounds, powders and resins, announced today that it has been awarded the 2015 Bosch Global Supplier Award from Robert Bosch GmbH ("Bosch"), an industry-leading engineering and electronics company headquartered in Germany.
Bosch recognized 58 suppliers from 11 countries in five categories including innovation, purchasing of indirect materials, raw materials and components, electronics and electromechanics, and mechanics. This is the 14th time that Bosch has given out global supplier awards. The award is in recognition of A. Schulman's worldwide contribution to Bosch's success as an outstanding supplier of raw materials and components for the past two years. This is the 11th time A. Schulman has been awarded this honor from Bosch. The theme of this year's award ceremony was "Power of partnership – connected intelligence."
"On behalf of A. Schulman, I would like to sincerely thank our partners at Bosch for this special recognition," said Bernard Rzepka, president and chief executive officer. "To be viewed as an essential part of this global leader's 'connected intelligence' is a great honor."
Heinrich Lingnau, A. Schulman's senior vice president and general manager, Europe, Middle East and Africa stated, "Our teams continually strive to best serve our partners at Bosch. We take great pride in our ability to meet Bosch's high standards for quality, cost, innovation and agility."
"The Bosch Global Supplier Award honors our top suppliers, who play such a key role in Bosch's success," said Dr. Volkmar Denner, chairman of the Bosch board of management, at the award ceremony in Stuttgart. "Our suppliers are important partners in helping us shape the connected world. We want to work with them to develop beneficial solutions for our customers."
Bosch's procurement mainly involves production materials such as turned parts, electronic components, and pressed, drawn, bent, or plastic parts. It also includes commodities, operating equipment, services, and capital goods.
A. Schulman supplies plastic resin to Bosch for use in a wide variety of industrial, automotive and consumer goods applications, including connectors, housings, covers, sensors, fans, shrouds and boxes.
About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,000 people and has 60 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.5 billion for the fiscal year ended August 31, 2014. Additional information about A. Schulman can be found at www.aschulman.com.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 360,000 associates worldwide (as per April 1, 2015). The company generated sales of 49 billion euros in 2014.* Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including its sales and service partners, Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2014, Bosch applied for some 4,600 patents worldwide. The Bosch Group's strategic objective is to create solutions for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is "Invented for life."
The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering." The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
*The sales figure disclosed for 2014 does not include the former joint ventures BSH Bosch und Siemens Hausgerate GmbH (now BSH Hausgerate GmbH) and ZF Lenksysteme GmbH (now Robert Bosch Automotive Steering GmbH), which have since been taken over completely.
SOURCE A. Schulman, Inc.