Visteon's Halla Climate Control Named One of 'The 30 Most Respected Companies in Korea'
22 July 2004 - 1:00AM
PR Newswire (US)
Visteon's Halla Climate Control Named One of 'The 30 Most Respected
Companies in Korea' TAEJON, Korea, July 21 /PRNewswire/ -- Visteon
Corporation's (NYSE:VC) Halla Climate Control has been named one of
"The 30 Most Respected Companies in Korea" in a research study
conducted by IBM Korea Business Consulting Services and Donga Ilbo,
a leading Korean newspaper. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) The study
evaluated Korean companies based on a number of corporate standards
including customer, shareholder and employee satisfaction,
environmental leadership, and 52 core performance indexes. The
survey is the first of its kind in Korea, following in the
footsteps of the U.S. economic magazine "Fortune," which evaluates
global companies each year. Visteon and Halla Climate Control are
joint venture partners in the ownership and operation of three
plants in Korea. Visteon and Halla have been partners in the Asia
Pacific region since 1986, and also have joint venture operations
in Canada (Halla Climate Control Canada Inc.), Portugal (Halla
Climate Control Portugal Ltd.), India and Thailand. "Visteon
congratulates Halla Climate Control on being recognized as one of
"The 30 Most Respected Companies in Korea," said Bob Pallash,
Visteon's vice president of Asia Pacific operations. "Visteon is
proud to be partnered with Halla Climate Control, a company that is
a market leader in Korea." Halla produces a variety of leading
climate control systems and components for the automotive industry,
including air conditioning systems and heater assemblies, front-end
modules, engine cooling modules, compressors, clutches, and other
components. Halla Climate Control has won numerous awards,
including being named in 2003 by Forbes Global (the international
edition of Forbes magazine) as one of the best, non-U.S. small
companies in the world. In compiling the list, called the "Best
Under a Billion," Forbes Global selected the 200 best companies
from a worldwide pool of 19,000 companies with annual sales of less
than $1 billion. Halla Climate Control was one of only two Korean
companies to receive the honor. Visteon Corporation is a leading
full-service supplier that delivers consumer-driven technology
solutions to automotive manufacturers worldwide and through
multiple channels within the global automotive aftermarket. Visteon
has approximately 72,000 employees and a global delivery system of
more than 200 technical, manufacturing, sales, and service
facilities located in 25 countries.
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE:
Visteon Corporation CONTACT: Media Inquiries: Liane Bilicki,
+1-313-755-2916, , or Investor Inquiries: Derek Fiebig,
+1-313-755-3699, , both of Visteon Corporation Web site:
http://www.visteon.com/
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