LONDON, UK, July 7, 2009 -- Frost & Sullivan has conferred two prestigious awards on Veolia Water Solutions & Technologies (VWS). The "2008 Frost & Sullivan European Pharmaceutical Water & Wastewater Treatment Business Development Strategy Leadership Award," lauds VWS for its successful strategies that have enabled it to consolidate its position as one of the leading process water and wastewater solution providers for the pharmaceutical industry in Europe. The "2008 Frost & Sullivan CEO of the Year Award in the Global Water and Wastewater Treatment Technology Market" is presented to Jean Michel Herrewyn for his stellar role in steering this growth.
"The success of VWS in the highly process critical pharmaceutical industry is attributed to its well structured business strategies that center on customized advanced treatment technologies and comprehensive, fully integrated treatment and service solutions," notes Frost & Sullivan Research Analyst Karthikeyan Ravikumar. "Superior product quality, coupled with effective after sales services, has resulted in high levels of customer satisfaction."
Since 2005, VWS has also been successful in offering turnkey solutions on a global basis to the pharmaceutical industry. High quality standard equipment offerings include ORION™, QUATTRO™, TRITON and POLARIS for producing Purified Water (PW) and Water for Injection (WFI). The company also offers two unique after sales services - AQUATREND™ and AQUAMOVE™. These have been focused on achieving high levels of customer service satisfaction.
With Jean Michel at the helm, the company has successfully shifted from a market segment-based approach (which involved the division of the water industry into three segments: municipal, industrial water and industrial wastewater treatment) to one focused on water and wastewater treatment technologies.
"Realizing that the key expertise of VWS was in technologies, Jean Michel emphasized the company's strategic focus on water and wastewater treatment technologies, placing technology at the core of the company's water and wastewater treatment value offering to customers," explains Frost & Sullivan Research Analyst Fredrick Harry Royan. "This focus has become central to the business strategy of VWS."
Another initiative undertaken during the tenure of Jean Michel has been the development of centers of excellence, especially among subsidiaries. This enterprise has already materialized with dedicated Centers of Excellence for key industrial sectors such as food and beverage and pharmaceuticals. Currently, VWS is the only company in the market with a team - The Veolia Pharmaceutical Competence Center - dedicated to the pharmaceutical industry.
Lately, the company has adopted a more discerning approach to treatment technologies. It is currently equipped with a strong portfolio of thermal desalination solutions.
"This complements the Reverse Osmosis (RO) membrane capabilities built up within VWS&T, resulting in aggressive growth in the desalination plant market in the Middle East," states Royan. "This was recently highlighted when the company secured the contract of building one of the worlds largest thermal desalination plant with a capacity of 800,000 m³/day for the Jubail Industrial City in Saudi Arabia."
In the last few years, the company has adopted an aggressive growth strategy based on major acquisitions. The defining factor of the acquisition strategy has been a focus on sustainability, which is reflected in the technologies and solutions acquired in the last few years.
The Frost & Sullivan Award for Business Development Strategy Leadership is presented each year to the company that has demonstrated excellence in business development within the industry. The Award recognizes the company's ability to best perceive consumer needs, develop products and/or services that meet consumer needs, successfully introduce products or services to the industry, and identify new market segments to expand the existing customer base. Through a combination of vision, technology, and successful marketing, the Award recipient has demonstrated superior market growth skills.
The Frost & Sullivan CEO of the Year Award is bestowed each year upon the CEO or executive who has demonstrated leadership excellence within his or her industry. Gains in market share and decisions that improve earnings and grow the company, as well as leadership that affect observable changes in the industry, are common CEO performance measurement criteria and are important metrics Frost & Sullivan utilizes in its CEO of the Year Award selection process. A CEO's vision, risk-taking, and leadership also can have a profound effect on performance. Frost & Sullivan seeks to identify a highly successful CEO whose leadership, vision, and successful risk-taking stand out among his or her peers. The Award recipient also has distinguished himself or herself from competitors by pursuing a unique restructuring, organizational management reengineering, or competitive roadmap that has resulted in propelling or sustaining the company's market position.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Veolia Water Solutions & Technologies (VWS), subsidiary of Veolia Water, is a leading design & build company and a specialized provider of technological solutions in water treatment. With over 8,900 employees in 57 countries, Veolia Water Solutions & Technologies recorded revenue of euro 2.5 billion in 2008.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies.
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