27.06.2016
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG recognized for innovativeness for the ninth time
DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG recognized for innovativeness for the ninth time
27.06.2016 / 10:05
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG recognized for innovativeness for the ninth time
Schwandorf, 27 June 2016 - Nabaltec AG continues to number among the most
innovative small and mid-sized German companies. In recognition of its
record as an innovator, the Schwandorf-based company received the "TOP 100"
award on 24 June 2016, at the Deutscher Mittelstands-Summit (the German
Small and Mid-Sized Companies Summit) in Essen.
"We are pleased to win the award once again this year and to be among the
100 innovation leaders among German small and mid-sized companies," said
Gerhard Witzany, Member of the Board of Nabaltec AG. "It is due above all
to our highly committed employees that we have been able to position
ourselves among the innovation leaders, and not merely in our sector. In
our company, we facilitate innovative ideas in all stages of the production
process. That is the essential key to our success. At Nabaltec, creativity
and innovative ideas go together with a structured selection process and
careful implementation."
This is the ninth time that Nabaltec AG has been awarded the "TOP 100"
distinction for its exemplary innovation management. The prize is awarded
based on a scientific analysis conducted by the Department of
Entrepreneurship and Innovation at the Vienna University of Economics and
Business Administration in various categories, examining the process of
innovation within the company's organization, such as the company's
management and innovation climate, as well as innovation success and
marketing. Among the "TOP 100" companies are 97 German market leaders and
32 global market leaders. "The way in which the 'TOP 100' companies
generate new ideas and develop trailblazing products and services from
those ideas is remarkable in the truest sense of the word," said Ranga
Yogeshwar, who serves as mentor of the "TOP 100" competition. The
importance of excellent innovation management is illustrated by two
statistics above all: on average, companies in this category generate
around 40% of their revenues from innovations and product improvements, and
revenue growth for these companies is 28 percentage points higher than the
industry average.
"The success of innovative companies shows how important it is to respond
to new ideas and develop new products in an unbureaucratic manner: from the
initial idea to the final product," said Günther Spitzer, Head of
Controlling/Finance, who accepted the prize this year on behalf of Nabaltec
AG. "With our innovation management system, all employees can contribute
their ideas, which are systematically collected into a database and
tested." Nabaltec AG's selection process uses field trials, with a focus on
experimentation. This method enables more rapid discovery of trailblazing
innovations, which can be developed starting from the first experimental
application.
The Top 100 competition
Since 1993, compamedia has been awarding the Top 100 seal of approval to
SMEs with a particular ability to innovate and above-average success rates
for innovations. This project has been coordinated by Professor Nikolaus
Franke from the Institute of Entrepreneurship and Innovation at the Vienna
University of Economics and Business Administration since 2002. The Top 100
is mentored by science journalist and television presenter Ranga Yogeshwar
and organised in partnership with the Fraunhofer Society for the Promotion
of Applied Research and the German Association for Small and Medium-Sized
Businesses (BVMW). manager magazin provides media support for the company
benchmarking competition. Further information is available at
www.top100.de.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business
which has received multiple awards for innovativeness, manufactures,
develops and distributes highly specialized products based on aluminum
hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an
industrial scale through its "Functional Fillers" and "Technical Ceramics"
divisions. The company's product range includes halogen-free flame
retardant fillers and eco-friendly additives for the plastics industry.
Flame retardant fillers are used e.g. in cables in tunnels, airports, high-
rise buildings and electronic devices, while additives replace stabilizers
containing heavy metals in PVC processing. Nabaltec also produces base
materials for use in technical ceramics, the refractory industry and
catalysis. Unlike halogenated flame retardant fillers, the products
manufactured by the company's "Functional Fillers" division contain no
hazardous substances and do not require separate disposal. Rather, the
company's flame retardant fillers actually decrease the development of
fumes hazardous to human health and the environment in the event of fire.
Nabaltec maintains production sites in Germany and the US and plans to
continue to develop its market position by expanding capacity, further
optimizing processes and quality and making strategic extensions to its
product range. On the strength of its specialty products, the company
strives to attain the market leadership in each segment.
Contact:
Marina Fuchs Frank Ostermair
Nabaltec AG Better Orange IR & HV AG
Phone: +49 9431 53-205 Phone: +49 89 8896906-14
Fax: +49 9431 53-203 Fax: +49 89 8896906-66
E-mail: [email protected] E-mail: [email protected]
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27.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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