GST and CUINBA strategic alliance

18 June 2005




GST AutoLeather and Cueros Industrializados del Bajio SA de CV (Cuinba) have announced that they have signed a letter of intent to enter into a long-term strategic technology and supply alliance under which Cuinba will provide GST with re-tanning and other services, and cooperate in developing best in class technology. This new relationship will enable GST to continue to further their position as North America's lowest cost, highest quality supplier of automotive leather trim. Dennis Hiller, president and CEO of GST AutoLeather, says: 'In the time I have become acquainted with Cuinba, I have been very impressed with the quality of their management team. Much credit should be given to Cuinba's owner Don Jorge Plasencia for having the vision to recruit and invest in a very experienced leadership group. I look forward to working with the people of Cuinba and to expanding our relationship for years to come.' 'The supply and technology agreement with GST will provide Cuinba with long-term demand for a major portion of our re-tan capacity and will also allow us to work jointly with GST in developing truly world-class leather products', added Plasencia. 'I have been able to meet many of the members of GST's management and technical teams and I have been very impressed with the passion and capability they bring to the market.' Cuinba are a privately owned company based in Leon, Mexico, and one of the fastest growing automotive leather suppliers within the NAFTA region and China. Through their technology driven focus and strong people orientation, Cuinba have a proven track record of developing innovative and patented automotive leather products. The company have achieved a respected position among their automotive customers as a reliable, competitive, quality-orientated, full-service supplier. In support of their expansion plans and global growth strategy, Cuinba currently manage sales operations in the US, Mexico, Germany, Spain, China and South America. GST AutoLeather have their headquarters in Southfield, Michigan, and Hagerstown, Maryland, and are suppliers of some of the world's finest automotive leather. GST AutoLeather have operations and strategic alliances in the US, Mexico, Dominican Republic, South America, Japan and China. GST formed an alliance with Shanghai Richina last year. Visit Cuinba at [http://www.cuinba.com] and GST AutoLeather at [http://www.gstautoleather.com]



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