MALVERN, Pa., May 25, 2016 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE:VSH) today announced that Vishay Components India Pvt. Ltd. has won an award from Varroc Group, a Vishay customer for over 10 years. Varroc Group is a global automotive component manufacturer and supplier of exterior lighting systems; powertrains; and electrical, body, and chassis parts to leading passenger car and motorcycle companies worldwide. Vishay Intertechnology is one of the world's largest manufacturers of discrete semiconductors and passive electronic components.
Components sold by Vishay to Varroc include capacitive discharge ignition film capacitors, diodes, and rectifiers. Criteria for the award, in the Cost Improvement category, include competitive overall cost (total cost), savings proposal and value analysis/value engineering discussion, understanding of costs in relation to market realities, zero customer complaints and delivery issues, and losses and waste reduction. The award was presented by Mr. Tarang Jain (Managing Director) and Mr. Puneet Chandhok (Chief Supply Chain Officer) at the April 28 Varroc Group vendor meeting in Pune, India.
“Vishay is honored to receive this award from Varroc Group,” said Mr. Sougata Ganguli, Vishay’s Director of Sales, India. “It underscores both the close relationship between the two companies and the importance of the global market for automotive components. I look forward to enhancing our important partnership with Varroc Group in the months and years to come.”
Varroc Group is a global automotive component manufacturer and supplier of exterior lighting systems; powertrains; and electrical, body, and chassis parts to leading passenger car and motorcycle companies worldwide. Varroc Group is a leading global passenger car lighting supplier and the number one two-wheeler automotive component supplier in India. More information is available at www.varrocgroup.com.
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can be found on the Internet at www.vishay.com.
Link to photo of award presentation:
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