NOK-Freudenberg Group Trading (China) Co., Ltd. Awarded “The Rationalization of the Excellent Supplier 2014”

Date: 
15.04.2015
News type: 
Corporate Event
NOK-Freudenberg Group Trading (China) Co., Ltd. Awarded “The Rationalization of the Excellent Supplier 2014”

On March 20th 2015, NOK-Freudenberg Group Trading (China) Co., Ltd. (NFGT) was awarded “The Rationalization of the Excellent Supplier 2014” from Panasonic Motor (ZhuHai) Co., Ltd. The award was granted at the conference room of Panasonic. Mr. Volter Hung, marketing segment manager, Mr. Yan Zhiying, vice section manager and Mr. Liang Bo, project manager from NFGT participated the ceremony and received the award on behalf of NFGT.

This award was set up by Panasonic in aim to motivate its suppliers and the awarding ceremony is held annually. In 2014, 10 suppliers won the awards, and for seal makers, it was only NFGT that received the award in this business field.

The business relationship between NFGT and Panasonic is traced back to last year. NFGT supplies oil seals to most of Panasonic’s motors. In terms of sealing products, NFGT nearly covers all market shares of Panasonic. Last year, there was a customer who transferred its business from NFGT’s mother company – NOK Corporation to NFGT. Taking this opportunity, NFGT tried hard to localize the relevant products in its Wuxi plant and as a result, the cost dropped down substantially which benefited the customer greatly. Given this fact, NFGC has been engaging to promote more and more localized products for Panasonic step by step to meet customer needs.

“Panasonic is an important and loyal customer of NOK Corporation. Thanks to such synergy, we do believe NFGT will have long-term business with Panasonic in the future”, commented by the sales manager positively. 

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