ST. PAUL, Minn.--(BUSINESS WIRE)--
Ecolab (ECL) has been named to Forbes magazine's 2013 list of
"The World's Most Innovative Companies," ranking 33rd out of 100
companies on the list that will appear in the Sept. 2 issue of Forbes.
The magazine has named Ecolab to every "World's Most Innovative
Companies" list since the annual ranking began in 2011.
"Innovation is the cornerstone of our success, and vital to achieving
our purpose of making the world cleaner, safer and healthier," said
Douglas M. Baker, Jr., Ecolab chairman and CEO. "We're committed to
finding new and better solutions for the challenges our customers face
around the world."
Ecolab's more than 1,600 scientists work within a global network of 16
R&D facilities and focus on water chemistry, antimicrobial science, oil
and gas process technology, and automation and dispensing solutions for
the company's global customer base. In 2012, Ecolab invested $183
million in research and development.
"Our innovation process involves a holistic view of the environmental,
economic and social impact of a product across its life cycle," said Dr.
Larry Berger, Ecolab chief technical officer and executive vice
president, Research, Development & Engineering. "This approach is
foundational to our ability to help customers realize dramatic
performance improvements and sustainability goals."
According to Forbes, the "innovation premium" used to rank
companies is calculated by projecting a company's cash flows from
existing businesses, anticipated growth from those businesses and the
net present value (NPV) of cash flows. The NPV of cash flows from
existing businesses is compared with a current capitalization. Companies
with a current market capitalization above the NPV of cash flows have an
innovation premium built into their stock. To be considered for the
list, companies need seven years of public financial data and $10
billion in market capitalization.
The 2013 "World's Most Innovative Companies" list can be found in the
Sept. 2 issue of Forbes and online at http://www.forbes.com/innovative-companies/.
About Ecolab
A trusted partner at more than one million
customer locations, Ecolab (ECL) is the global leader in water, hygiene
and energy technologies and services that protect people and vital
resources. With 2012 sales of $12 billion and 44,000 associates, Ecolab
delivers comprehensive solutions and on-site service to promote safe
food, maintain clean environments, optimize water and energy use and
improve operational efficiencies for customers in the food, healthcare,
energy, hospitality and industrial markets in more than 170 countries
around the world.
For more Ecolab news and information, visit www.ecolab.com.
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(ECL-C)
Ecolab Inc.
Roman Blahoski, 651-293-4385
MediaRelations@Ecolab.com
Source: Ecolab Inc.
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