IAC Receives 2008 'Corporate ONE' Award for Its Supplier Diversity Program

DEARBORN, Mich., Aug. 27, 2008 -- International Automotive Components Group (IAC) announced today it has received the 2008 'Corporate ONE' Award from the Michigan Minority Business Development Council (MMBDC) for its supplier diversity program that initiates business opportunities with minority business owners.

"This award is a step towards solidifying IAC as a leading investor with minority suppliers," said Jim Kamsickas, president and CEO of IAC North America and Asia. "We are proud of our commitment to establish and grow diversity partnerships early in our company's young history and look forward to future growth. We are committed to creating continued opportunities for our minority supply base."

In its first year, IAC has established business partnerships with more than 60 minority-owned suppliers with a goal of sourcing up to 15 percent of external purchases to a diverse supply base.

Criteria for the 'Corporate ONE' award includes having an established minority/diversity supplier development program, reporting minority purchases on a quarterly basis and membership to the MMBDC's Project ONE, which is an initiative to aid minority businesses in becoming competitive bidders for corporate contracts.

About International Automotive Components Group

International Automotive Components Group (IAC) is a leading global supplier of automotive components and systems, including interior and exterior trim and structural and functional applications. IAC's 2007 global pro forma revenue exceeded 5.3 billion, and the company operates manufacturing facilities in 17 countries and has more than 28,000 employees. IAC ranks #13 on the 2008 Automotive News Top 150 North American Supplier listing and #1 on the Plastics News North American Injection Molding listing.