'Industrial Excellence Awards' announced

Over 30 awards were bestowed across the industrial automation and electronics and energy and power supply systems at the Frost and Sullivan 2006 Industrial Excellence Awards Banquet.

Frost and Sullivan honoured industry leaders for their exceptional performance at its 2006 Industrial Excellence Awards Banquet.

The annual awards ceremony was held in London, UK, on September 22.

Over 30 awards were bestowed across the industrial automation and electronics, energy and power supply systems and environment and building technologies sectors.

The award categories include leadership, innovation and excellence in product development and technology, outstanding strategy leadership in growth, competitiveness, business development, product line and sales.

Awards for overall market leadership and for the most promising emerging companies were also presented at the banquet.

John Raspin, practice director at Frost and Sullivan for Energy and Environment, and Iain Jawad, practice director for Automation and Electronics, welcomed the banquet attendees.

"One of Frost and Sullivan's main aims is to acknowledge outstanding industry achievements and demonstration of best practices by presenting awards to top companies in regional and global markets," said Raspin.

"Our industry experts recognise the diligence and innovation required to implement a successful business plan and excel in the increasingly competitive global marketplace." Jawad gave an overview of the market in Eastern Europe.

"The Eastern European market is going to remain an important European manufacturing base," noted the director of Automation and Electronics.

"However, unlike other emerging markets such as China, production is generally less driven by domestic demand.

It can have greater opportunities from an absolute size of opportunity in comparison to other markets such as India, on an industry by industry basis." Jawad's punctual analysis and forecast introduced the keynote speaker.

Matthew Hill, leading coach, consultant and intercultural trainer for multi-national businesses delivered the keynote speech.

While discussing the topic of 'Investing in Central Europe: Why Now', Hill noted, "The region offers multiple benefits ranging from an educated population fluent in major languages such as English, German and French, good tax incentives and, production costs that are often 40% lower than in the west to easy geographical access to numerous economically promising markets together with a prospective 130 million person market." However, warning of the perils of the 'invisible culture' of the region, Hill stressed that entrants needed to do their homework and be prepared for the challenges ahead.

"Building trust, adapting your message to regional peculiarities, ensuring a smooth cultural translation from the western to the central and eastern worlds, and making the most of experienced personnel familiar with change will be essential in capitalising on growth opportunities in Central Europe." Award recipients at the evening's banquet included Ceres Power, Kvaerner Power, MGE UPS Systems, Honeywell Security Deutschland, Novar, MGE UPS Systems, IST International Security Technology, Sagem Defense Securite, ESAB, SEW Eurodrive and Co, Emerson Network Power, Aggreko and Grundfos.

* The following is the complete list of honourees at the awards function.

Ceres Power - 2006 Excellence in Technology Award.

Baxi Heating UK - 2006 Business Development Strategy Leadership Award.

Kvaerner Power - 2006 Technology Leadership Award.

MGE UPS Systems - 2006 Product Line Strategy Leadership Award.

TAC a company of Schneider Electric -2006 Competitive Strategy Leadership Award.

Honeywell Security Deutschland, Novar - 2006 German Intrusion Detection Market-Customer Choice Award.

IST International Security Technology Oy - 2006 Product Innovation Award.

Bosch Sicherheitssysteme - 2006 Competitive Strategy Leadership Award.

Aquabio - 2006 Pioneering Market Strategy Award.

SPX Process Equipment - 2006 Pioneering Market Strategy Award.

ESAB - 2006 Competitive Strategy Leadership Award.

Sagem Defense Securite - 2006 Global Excellence in Sales Strategy Award.

SEW Eurodrive - 2006 Business Development Strategy Leadership Award.

Universal Instruments Corporation - 2006 Technology Innovation Award.

Fuji Machine Mfg (Europe) - 2006 Product Innovation Award.

Leica Geosystems - 2006 Market Leadership Award.

Danfoss - 2006 Product Innovation Award.

Emerson Network Power - Uninterruptible Power Supplies - 2006 Competitive Strategy Leadership of the Year Award.

Newave - Uninterruptible Power Supplies - 2006 European Emerging Company of the Year Award.

Socomec Sicon UPS - Uninterruptible Power Supplies - 2006 Product Innovation of the Year Award.

AEG Power Supply Systems - a company of Saft Power Systems - Uninterruptible Power Supplies - 2006 Product Line Leadership of the Year Award.

Aggreko - Energy - Growth Strategy Leadership of the Year Award.

ESI Group - Digital Simulation Software - 2006 Technology Leadership of the Year Award.

Fronius International - Welding - 2006 Technology of the Year Award.

Schenck Process Group - Weighing and Feeding Technology - 2006 Product Line Leadership of the Year Award.

CSi Industries - Industry Process Control - 2006 Product Innovation of the Year Award.

CogniTens - Dimensional Metrology - 2006 Technology Innovation of the Year Award.

MGE UPS Systems - Uninterruptible Power Supplies - 2006 European Company of the Year Award.

Honeywell Security - Building Technologies and Services - 2006 European Security Company of Year Award.

ESAB - Welding - 2006 Company of the Year Award.

Grundfos - European Pumps - 2006 Company of the Year Award.

* About Frost and Sullivan - Frost and Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years.

The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities.

Frost and Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

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