Mumbai -- Frost & Sullivan honored FLSmidth Pvt. Ltd. with the Product Innovation Award for the year 2010 in the Indian Air Pollution Control Equipment Market. The award was presented in recognition of FLSmidth's exemplary achievements in creating innovative vital components for air pollution control equipment.
Frost & Sullivan, through its continuous study of the Indian Air Pollution Control Equipment Market, nominated FLSmidth for its innovative and highly technology driven products. The electrostatic precipitators which are in use have the disadvantage of consuming high power when compared to bag filters. FLSmidth has developed electrostatic precipitators with low power consumption for sinter plant applications, and with low emissions. This showcases its commendable work in research and development, while gaining an edge in the market.
FLSmidth's process knowledge; gained over the years; in the cement, steel, pulp & paper, and minerals industries; has enabled the company's success in this market. Its global experience in supplying process equipment to these industries has endowed it with a better comprehension of the unique, but critical, needs and market trends for pollution control in these industries. Strategic management of internal growth processes like knowledge sharing between its offices in India, USA, Denmark and others; has supported the innovation process around technology as its core competency. The company has effectively leveraged its strengths; such as knowledge, technology, and human resources to attain this pinnacle position.
The market is driven by regulations, which promotes the demand for air pollution control equipment. In order to meet just the statutory requirement, the end-users allocate minimum funds for the equipment. In addition, fierce competition in the market, and low cost design aspects of standard equipment, has created price wars. Despite these restraints, FLSmidth has continued to focus on research and development activities to create innovative and technologically advanced products for the air pollution market, and has emerged as a successful player.
'We are proud to receive this award. FLSmidth invests heavily in researching and developing air pollution control technologies and our efforts have made us a technological leader in this field. A major goal of our research and development effort is to improve the energy and emissions efficiency of our products in order to contribute directly to environmental improvements. We see the Frost & Sullivan Product Innovation Award as recognition of our efforts and achievements within environmental sustainable solutions', Managing Director & CEO Country Head - FLSmidth India, Bjarne Moltke Hansen comments.
To quote Mr. Y. S. Shashidhar; Frost & Sullivan's Vice President, South Asia; and Managing Director, Middle East and North Africa; 'FLSmidth is among the very few companies with technology leadership in the air pollution market. The industry is shifting towards a trade business where more and more players are trying to sell equipment based on standard design templates. In such a scenario, FLSmidth has exhibited excellence in research and development by sharing process knowledge between its global offices to come up with innovative components for process bag filters, such as the 8 meter and 10 meter long bags. Also, the company has already won projects in India to implement these innovations. These achievements are laudable and have positioned FLSmidth with the first mover advantage with respect to technology in the air pollution market'.
The Indian Air Pollution Control Equipment Market was worth INR 15,000 million in 2010. While India takes rapid strides in the world economy, it is imperative that it addresses the side-effects of economic growth – increasing air pollution from power plants, industries, automobiles, and other related industrial activities.
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FLSmidth is a leading supplier of equipment and services to the global cement and minerals industries. With more than 129 years of global experience, FLSmidth has been playing a vital role by bringing in the latest technologies and innovative solutions. FLSmidth supplies everything from single machinery to complete cement plants and minerals processing facilities including services before, during and after the construction. FLSmidth invests heavily in developing new solutions to meet the important future energy and emissions challenges our customers.
FLSmidth started as a small consultancy in 1882 and is today a major engineering company listed on NASDAQ OMX Nordic Exchange Copenhagen, Denmark. FLSmidth is headquartered in Copenhagen, Denmark and has major project and technology centers in Chennai, India; Wadgassen, Germany; Bethlehem and Salt Lake City, USA; and Copenhagen, Denmark
FLSmidth has installed more than 8,000 APC systems around the world. Their focus is to reduce plant emissions, power consumption and ensuring high reliability. The latest technology, greatest expertise and broadest range of solutions are matched to support customers all over the world to meet local emission requirements. With more than 70 years of experience in customer services for Air Pollution Control, FLSmidth is equipped to ensure the smooth operation, maintenance and improvement of APC equipment. This includes products for particulate removal, industry leading low NOx technol¬ogy, SOx reduction technologies, THC/VOC controls and a cost-effective solution to reduce mercury emissions.