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GW Plastics Presented Quality First Award by Takata Seat Belt, Inc.

GW Plastics presented Quality First Award by Takata Seat Belt, Inc.

Bethel, Vt. - June 22, 2005 - GW Plastics, Inc., one of North America's most advanced injection molders and provider of precision tooling, components and assemblies, announced it has been selected as this year's sole recipient of the Takata Seat Belt, Inc. (TSBI) Quality First Award. Takata is a leading global manufacturer of automotive safety systems and is the world's largest manufacturer of safety belts.

According to Steve Russell, Takata Seat Belt, Inc. director of quality, GW Plastics was presented the award for "their continuous commitment to providing high-quality precision molded components. Over the past year they have improved their quality performance in excess of 60 percent in every category. They have achieved this improvement by being a leader in innovation while implementing new technology to meet our quality objectives."

Frank Roe, Executive VP, TK Holdings
Randy Jamieson, GW Plastics San Antonio Plant Manager
Brenan Riehl, GW Plastics President
Juichiro (Jim) Takada, CEO of Takada

GW Plastics president, Brenan Riehl, responded, "It is an honor to be recognized by Takata as a quality leader. GW Plastics is committed to helping save lives through excellent quality in automotive safety-critical applications."

Russell added, "GW Plastics has excelled in the philosophy of Sangen Shugi (Actual Spot, Actual Parts and Actual Situation) by maintaining a supportive presence in our manufacturing sites. They also show a commitment to our customer goals and to providing cost-reduction opportunities while improving and guaranteeing quality of their processes. In doing so they have been identified as the 2005 TSBI Quality First Award recipient. Congratulations and thanks to the entire GW Plastics team."

For more information, contact:

Ben Bouchard
V.P. Automotive
734.994.1135
ben.bouchard@gwplastics.com

GW Plastics is a global, high-precision injection molder, mold builder and contract manufacturer specializing in single-source responsibility for medium-to-high volume, close-tolerance components and assemblies. Ranked among the top 100 molders in North America, GW Plastics’ leading-edge technologies, total quality commitment and pursuit of innovation have driven its steady growth since the company was founded in 1955. The financially strong, closely held organization services a portfolio of Fortune 1000 customers in the Healthcare, Consumer/Industrial and Automotive markets. In addition to the China facility, GW has four U.S. plants (two in Vermont; San Antonio, Texas; and Tucson, Arizona). GW also has a full-service production facility in Queretaro, Mexico.