Innovation Award 2007: Cognis honors exceptionally successful and creative developments

04-Feb-2008

For the seventh time global specialty chemicals supplier Cognis has given its Innovation Award to employees who contributed to outstanding achievements. This internal award recognizes the development of innovative products and concepts which are environmentally sound and have succeeded in the marketplace. This year, two teams received a gold Award and one team received a Bronze Award. One Gold Award went to the team that developed Dehypon®, rinse aid additives for multifunctional automatic dish detergents. The winning team of the second Gold Award was honored for its innovative split copper solvent extraction circuit concept. The group which developed the tailored advancement of Vegapure® sterol esters for a cholesterol lowering yoghurt drink won the Bronze Award.

The Cognis Innovation Award was established in 2001 and recognizes the achievements of Cognis' employees who have developed innovative solutions for new products, processes, marketing approaches or other improvements. This time, 17 entries were received and judged by a panel of experts and members of the Cognis' management board. The criteria for their decision included market success, potential competitive benefits for Cognis' customers, degree of innovation and compatibility with the company's sustainability strategy. In 2007, the award was given to three teams. Among the winners were Cognis' employees from various countries such as Germany, France, Ireland and the USA.

"Modern consumers and manufacturers are becoming more and more discerning," says Antonio Trius, CEO of Cognis. "Our goal is to provide specialties that help our customers meet the constantly changing demands of today's wellness and sustainability markets. We believe that innovation is not only a key factor in the long-term success of our business but also ensures the competitiveness of our customers. The Innovation Award 2007 winning teams show that our employees around the world and from every strategic business unit are motivated to be creative and turn their original ideas into successful products and concepts."

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