The European Institute of Purchasing Management has granted the 2012 EIPM Peter Kraljic Excellence Award for"Supplier Relationship Management"to Bekaert during the 2012 EIPM Purchasing Conference in Geneva,Switzerland.

This award validates Bekaert's excellence in purchasing processes and relationship management and is the result of a performance assessment based on the EFQM Excellence Model and EFQM best practices.

Mr Philippe Armengaud chief purchasing officer of Bekaert said that"This award is a recognition for continuously improving supplier relationships,processes,and performance.It validates the efforts of Bekaert and of the company's Global Purchasing team in deploying best practices throughout the Group's purchasing community."

Source-Bekaert