【Plastic Stocks】Achem Wins 3M's 'Best Supplier' Award
2016-10-20
[Reporter Wang Yi-xin, Taipei]
Achem (1715) has been recognized by 3M, winning the "3M 2016 Supplier of the Year" award, affirming Achem's significant position in the adhesive tape industry. Achem's strong fundamentals, supported by steady growth in the Middle East and China markets, have positively impacted its operational momentum.
This year, 3M selected its top suppliers from thousands of global suppliers based on overall supply performance standards, awarding the "Supplier of the Year" title to 11 outstanding suppliers. Achem, highly regarded in the adhesive tape industry, earned this award due to its excellent supply performance and outstanding operational management. As a supplier, Achem has played a crucial role in enhancing 3M's product competitiveness and contributing to 3M's continued development, making this award a significant recognition of the successful collaboration between Achem and 3M.
Achem's Chairman, Lin You-sheng, expressed gratitude to their partners for recognizing Achem's efforts and credited the company's success to the hard work of all Achem employees. He stated that Achem is honored to receive the title of Best Supplier from a major international company and will continue to maintain its high-quality service and strengths, providing customers with comprehensive and robust support and supplying the most competitive products in the adhesive tape market.
3M's Vice President of Procurement Operations, Jose Varela, emphasized that suppliers are crucial to 3M's corporate strategy and achieving 3M's 2025 sustainability goals. He expressed his fortune in collaborating with excellent suppliers dedicated to maintaining a strong relationship with 3M, helping the company deliver the innovation and valuable solutions that customers worldwide expect. The suppliers who received this award were rigorously selected and represent the best of 3M's supplier partners, underscoring the deep recognition by 3M, which is the key significance of this award.
On the fundamentals front, Achem's performance has been bolstered by rising demand in the Middle East and Americas markets, increasing export orders, and stabilizing the Chinese market, with a slight increase in seasonal order demand driving business growth. In the fourth quarter, the Hainan plant will begin mass production, supported by stable export and Chinese orders, leading to continued upward momentum in operations.
(Times Information)
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