Back
Four Cornerstones Ensure Sound Principles and Fair Business Practices For ASSA ABLOY Hospitality Brands (Elsafe, Timelox, VingCard and INHOVA)
1 June 2003
![]()
DALLAS, TX - With current economic conditions, including a volatile U.S. stock market and seemingly endless buyouts, mergers and corporate scandals, it is more critical than ever to know the stability and financial business practices of your corporate vendors and strategic business partners in the hospitality industry. At ASSA ABLOY Hospitality Inc., those practices are guided by the Four Cornerstones of the ASSA ABLOY Group. Each ASSA ABLOY Hospitality brand, which includes Elsafe, Timelox, VingCard and INHOVA, strictly adhere to these cornerstones, which ensure strong ethics and fair business practices with both vendors and clients in the hospitality industry.
In a recent statement, Mats Gustafsson, President and CEO of ASSA ABLOY Hospitality Inc. In Dallas said, "As the world's largest conglomerate of locking and security related companies, ASSA ABLOY ensures the continued success of ASSA ABLOY Hospitality and our brands, as well as 100 Group companies around the world with a common set of principles. Each company and individual within the ASSA ABLOY Group is required to strictly adhere to these principles, known as the ASSA ABLOY Cornerstones. These cornerstones comprise the corporate philosophy, and include Realism, Vision, Ethics and Courage."
![]()
The first cornerstone, Realism, requires that profit drive growth and not the other way around. This conservative approach to expansion ensures solid organic growth and a sound financial base. This cornerstone has been proven successful through a steady increase in sales and profits over the past several years in an otherwise downturned market.
Vision, the second ASSA ABLOY Cornerstone, requires employees to conduct themselves as leaders in thought and action, and for all ASSA ABLOY Group assume leadership and planning roles in their respective fields. To that end, ASSA ABLOY Hospitality remains the leading supplier of locking and security products to the hospitality industry worldwide, and is actively involved in industry associations that guide the future of hospitality.
Perhaps the most important cornerstone, Ethics, dictates a high standard of conduct in all business dealings, including financial practices, as well as all employee and client relations. It calls for all members of the Group to act in accordance with a corporate code of ethics that has made ASSA ABLOY the world's leading lock group with over 30,000 employees worldwide and approximately $3 billion USD in annual sales.
Courage, the final cornerstone, ensures that the ASSA ABLOY Group companies continue to innovate, grow and change as client needs and markets change.
For more information, or a copy of the most recent ASSA ABLOY annual report, please contact Mats Gustafsson at (972) 692-3113 or visit or .
![]()
About the ASSA ABLOY Group - ASSA ABLOY Hospitality is supported by its parent company ASSA ABLOY. The ASSA ABLOY Group gives hospitality providers access to unmatched resources including extensive R&D, comprehensive product lines and local market knowledge around the world. Unlike other companies who rely on outsourcing and strategic alliances, the ASSA ABLOY Group enjoys complete ownership of their processes from idea to installation.
A public Swedish company traded on the Stockholm Stock Exchange, the ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions dedicated to satisfying end-user needs for security, safety and convenience. The Group has around 30,000 employees and annual sales of approx. USD 3 billion. For more information, please visit .
Contact
Andrea Roland
United States - Phone: +1 407.425.9686
Fax: +1 407.425.3677
Email: andrea@phoenix-group.us
Organization
Vingcard, an ASSA ABLOY brand
www.vingcard.com/
631 International Parkway, Suite 100
USA
- Richardson, TX 75081
Tollfree: +1 800 225 8464
Phone: 1 972 907 2273
Follow us on:
Recent News
Back
Click here for All Industry News
Privacy Statement & Disclaimer |
Submit News
