Ecolab Ranks 28th in Forbes Magazine List of World's Most Innovative Companies
August 01 2011 - 12:23PM
Business Wire
Ecolab Inc. has been named to Forbes magazine’s “The World’s
Most Innovative Companies” list, which appears in the Aug. 8 issue
of Forbes. Ecolab ranks 28th out of 100 companies on the global
list.
“Our purpose – to make the world cleaner, safer and healthier,
everywhere it matters – drives our commitment to innovation,” said
Douglas M. Baker, chairman of the board, president and chief
executive officer, Ecolab. “Our customers want new products and
programs that provide superior results along with water, energy,
waste and labor savings. We remain focused on continuing to lead
innovation in our industry and finding new and better ways to
effectively deliver solutions to our customers.”
According to Forbes, companies were selected and ranked by a
team of researchers and authors of a newly released book, “The
Innovator’s DNA.” The rankings are based on an assessment of each
company’s “innovation premium,” which measures the premium the
stock market gives a company for anticipated or expected
innovation.
Ecolab invests approximately $90 million annually in research,
development and engineering and holds more than 3,700 patents
globally. “More than one-third of our sales are derived from new
customer solutions introduced within the last five years,” Baker
said.
Ecolab’s 750 research and development associates, working in
seven global technical centers, are focused on food safety and
infection control, with expertise in technical service, dispensing,
process engineering, food safety, public health, animal health and
packaging. Innovation focuses on hand care, floor care,
clean-in-place for food and beverage manufacturing equipment,
textiles, antimicrobials and ware wash.
Essential to Ecolab’s innovation process is its total impact
approach to preserving the earth’s resources. “We focus not only on
product formulations, but also on how use of the product will
affect the use of natural resources, how the packaging will impact
the environment, and the safety of the end user,” said Larry
Berger, chief technical officer and senior vice president,
Research, Development & Engineering, for Ecolab.
The full list of “The World’s Most Innovative Companies” can be
found in the Aug. 8 issue of Forbes and online at
http://www.forbes.com/special-features/innovative-companies.html.
With sales of $6 billion and more than 26,000 associates, Ecolab
Inc. (NYSE: ECL) is the global leader in cleaning, sanitizing, food
safety and infection prevention products and services. Ecolab
delivers comprehensive programs and services to foodservice, food
and beverage processing, healthcare, and hospitality markets in
more than 160 countries. More news and information is available at
www.ecolab.com.
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