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Frost & Sullivan Recognises Visionaries in the Chemicals, Materials and Food Ingredients Sector at an Ostentatious Ceremony in Mumbai


December 7, 2010 - Mumbai, Maharashtra, India

Frost & Sullivan, at its 2010 India Excellence in Chemicals, Materials and Food Awards recognised 27 exemplary organizations that have showcased unparalleled innovation across a wide variety of products and services.

The ceremony saw industry luminaries gathered under one roof from a diverse range of markets, including food ingredients, speciality chemicals, bioplastics, high-performance fibers and protective equipment market.

Frost & Sullivan - 2010 India Excellence in Chemicals, Materials and Food Awards endeavoured to identify and recognize prominent companies in the Chemicals, Materials and Food Ingredients (CMF) sectors for their significant contributions in the areas of product and service. These Awards recognize the distinction of products and services with respect to customer value, competence, features and functionality, customer focus, etc, with a host of other crucial factors such as leadership, strategy, growth, innovation, integration and reliability. The nominees and award recipients were identified by a diligent process taking into consideration perspectives from customers, experts and thought leaders within the industry along with Frost & Sullivan’s knowledge on the industries, which has been acquired through years of continuous research and tracking.

“In these (CMF) markets we are seeing rapid innovations and new players coming in. There was a definite need- gap to identify these innovations and bring them forth on a common forum for the industry. This helps not only the organizations that are driving these innovations, but also the others in the competition as to what they need to do to keep up. Further, from a consumer perspective it also helps them in identifying the best and the most progressive of the lot. At Frost & Sullivan, we regularly collaborate with companies in accelerating their growth and help them identify strategic partners. So, this event where we leverage our expertise in this area was but a natural extension,” said Mamta Wadhwa, Senior Director - Chemicals, Materials and Food Practice, South Asia and Middle East, Frost & Sullivan

Frost & Sullivan 2010 India Excellence in Chemicals, Materials and Food Awards recipients are:

To view the attachment click on the link Table

“The award recipients were identified through a thorough research process. Keeping in mind the industry feedback, Frost & Sullivan with time would like this forum to be a regular feature and at the same time become a benchmark for the industry to look up to. ” added Mamta Wadhwa.

Beverages and Food World, Chemical weekly, Chemical World, Modern Packaging and Design, Modern Food Processing, and Modern Plastics and Polymers, Times Food Processing Journal, bizxchange.net and foodprocessing360 are the honorable Media Partners for the Awards.

To know more about this event, please log on to www.frost.com/2010cmfawards

About Frost & Sullivan:

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com

Note to the Editors:
1. The Award methodology followed to determine best practices in the industry:

The Voice of Customer Award Series involves a multi-tier process wherein excellence in the industry is gauged through ratings provided by end-user companies. The initial stage involves identification of key suppliers; end users of the supplier’s products are then interviewed focusing on a sample that accounts for the majority of the total market share.

The next stage of analysis includes a statistical and analytical model wherein a panel of in-house Frost & Sullivan Chemicals, Materials and Food (CMF) experts examine and compute critical parameters determining product innovation / quality / customer service for each product category. Ratings on these parameters are gathered from respondents on the importance and relevance in their purchasing and decision-making process. The final ratings are averaged across respondents to arrive at a mean score. Suppliers with the highest scores are then nominated for the award and analyzed further to determine the winner.

The jury-based Awards are based on the premise of nominations from industry experts from various sectors of the Chemicals, Materials, and Food Ingredients industry. Further, Frost & Sullivan analysts track company revenues, growth, dynamics, market share, etc. for the nominated companies. Specific criteria are used to ascertain the final competitor ranking in each industry. Post this, the final analysis is viewed and then the jury of Industry experts determines awardees.

2. The erudite jury includes personalities like Mr. Sanjay Laud, Global Vice President, Bioplus Life Sciences; Mr. G M Tewari, Ex-Chairman and Governing Board Member of Protein Foods and Nutritional Development Association of India (PFNDAI); Dr. R Rajagopal, Director, Knowgenix; Mr. Rajeev M Pandia, Ex MD of SI and Past President, ICC; Mr. Ramesh Alur, General Partner, Ventureast; Dr. Hirwani, Director, URDIP CSIR; and Dr. Anand Ramanathan, Manager, KPMG Advisory Services Pvt.Lt.

Source: Business Wire India

BusinessWireIndia

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