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Vishay Intertechnology Receives Award from Varroc Group
MALVERN, Pa. — May 25, 2016 — 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 2-weeler automotive component supplier in India. More information is available at www.Varrocgroup.com.
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that
are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace,
and medical markets. Serving customers worldwide, Vishay is The DNA of tech.TM Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.