TORONTO, July 7 /CNW/ - Celestica Inc. (NYSE: CLS, TSX: CLS/SV), a world leader in electronics manufacturing services (EMS), today announced the recipients of its seventh annual Partners in Performance awards for 2004. Agilent Technologies' Semiconductor Products Business received its seventh consecutive Partners in Performance award for its focus on excellence and quality. The company's dedication has brought exceptional value to Celestica, fully supporting its seamless global supply chain. Hynix Semiconductor America received its fifth consecutive Partners in Performance award, in honour of its commitment to Celestica's Values and continued excellence in execution, responsiveness and customer service. Tyco Electronics Corporation and Vishay Intertechnology Inc., have been recognized with their fourth consecutive Partners in Performance awards, for supporting Celestica's management of its sophisticated global supply chain, and demonstrating dedication to the success of Celestica's business. Celestica is also pleased to acknowledge that Best Ideal Limited; Coilcraft Inc.; IDT (Integrated Device Technology, Inc).; Murata Electronics North America; Samtec Inc.; ShenZhen ZhenFeng Printing Company, Ltd.; and Viasystems Group Inc. have been recognized with third-year Partners in Performance awards. Second-year Partners in Performance recipients include BTI; ExceLight Communications, Inc.; Freescale Semiconductor; Kingbright Corporation; KOA Speer Electronics; Mar-Tek Industries; ROHM Co., Ltd; and, Texas Instruments Incorporated. Recipients of Celestica's first-year Partners in Performance award include Avnet Electronics Marketing and Memec; AVX Corporation; Bi-Link Shanghai; Cordiality Label Electronics (Hong Kong) Co. Ltd.; Federal Express; Irwin Industrial; LG Electronics; Pericom Semiconductor Corporation; Quality Screw & Nut; SMT resource group, LLC; xpedx; and Y.C. Cable. "The recipients of this year's Partners in Performance awards have continually exceeded expectations over the course of 2004," said John Boucher, chief supply chain and procurement officer, Celestica. "Their strong customer focus and dedication to the level of flexibility and responsiveness needed to drive our global supply chain, has helped to enable Celestica's continued leadership in electronics manufacturing services." Partners in Performance award recipients are recognized for their support of Celestica's supply chain management objectives, as demonstrated by their flexibility, responsiveness, impact on asset management, effectiveness, efficiency, and overall performance. About Celestica --------------- Celestica is a world leader in the delivery of innovative electronics manufacturing services (EMS). Celestica operates a highly sophisticated global manufacturing network with operations in Asia, Europe and the Americas, providing a broad range of integrated services and solutions to leading OEMs (original equipment manufacturers). Celestica's expertise in quality, technology and supply chain management, and leadership in the global deployment of Lean principles, enables the company to provide competitive advantage to its customers by improving time-to-market, scalability and manufacturing efficiency. For further information on Celestica, visit its website at http://www.celestica.com. The company's security filings can also be accessed at http://www.sedar.com and http://www.sec.gov. Safe Harbour and Fair Disclosure Statement ------------------------------------------ This news release contains forward-looking statements related to our future growth, trends in our industry and our financial and operational results and performance that are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: the challenges of effectively managing our operations during uncertain economic conditions; the challenge of responding to lower- than-expected customer demand; the effects of price competition and other business and competitive factors generally affecting the EMS industry; our dependence on the computer and communications industries; our dependence on a limited number of customers and on industries affected by rapid technological change; component constraints; variability of operating results among periods; and the ability to manage expansion, consolidation and the integration of acquired businesses. These and other risks and uncertainties and factors are discussed in the Company's various public filings at www.sedar.com and http://www.sec.gov, including our Annual Report on Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission. We disclaim any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. In the Company's best judgement, the events noted in this press release on a stand-alone basis are not expected to be material to Celestica's overall financial results. %SEDAR: 00010284E
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