Mumbai- The Indian Chemicals, Materials, and Food (CMF) Industry is witnessing rapid growth with companies demonstrating best practices in a variety of regional and global markets. To recognize superior planning and execution of product launches, strategic alliances, distribution strategies, technological innovations, customer service, etc., Frost & Sullivan presents the 2010 India Excellence in Chemicals, Materials, and Food Awards on 6th December at Hyatt Regency, Mumbai.

Frost & Sullivan – 2010 India Excellence in Chemicals, Materials, and Food Awards identify and recognize prominent companies in the Chemicals, Materials, and Food Ingredients sectors for their significant contributions in the areas of product and service. These Awards recognize the distinction of products and services with respect to customer value, competence, features and functionality, customer focus, etc, with a host of other crucial factors such as leadership, strategy, growth, innovation, integration, and reliability. The nominees and award recipients have been identified through a diligent process taking into consideration perspectives of customers, experts, and thought leaders within the industry along with Frost & Sullivan’s knowledge base.

Speaking on the CMF industry, Mamta Wadhwa, Senior Director – Chemicals, Materials and Food Practice, South Asia and Middle East, Frost & Sullivan, says, “Our best practices research went beyond the top 10 players in the industry and the MNCs to identify mid-sized domestic players who have achieved operational and functional excellence in their own specific fields of business. We came across companies who have demonstrated product leadership positions across the world, some of which are driven by first generation entrepreneurs.”

The Voice of Customer Award Series involves a multi-tier process wherein excellence in industry is gauged through ratings provided by end-user companies. The initial stage involves identification of key suppliers; end users of the supplier’s products are then interviewed focusing on a sample that accounts for the majority of the total market share.

The next stage of analysis includes a statistical and analytical model wherein a panel of in-house Frost & Sullivan CMF experts examine and compute critical parameters determining product innovation/ quality / customer service for each product category. A rating on these parameters is gathered from respondents on the importance and relevance in the purchasing and decision-making process. The final ratings are averaged across respondents to arrive at a mean score. Suppliers with the highest scores are then nominated for the award and analyzed further to determine the winner.

The jury-based Awards are based on the premise of nominations from industry experts from various sectors of the Chemicals, Materials, and Food Ingredients industry. Further, Frost & Sullivan analysts track company revenues, growth, dynamics, market share, etc. for the nominated companies. Specific criteria are used to ascertain the final competitor ranking in each industry. Post this, final analysis is viewed and then the jury of Industry experts determines awardees.

“Frost & Sullivan Best Practices Awards identify exemplary achievements within a multitude of industries and functional disciplines. The analysis on best practices identifies companies, products, processes, and executives that have achieved excellent performances. This research is an invaluable source to companies for new ideas to improve strategies and processes, which ultimately drive corporate growth,” added Mamta Wadhwa.

Beverages and Food World, Chemical weekly, Chemical World, Modern Packaging and Design, Modern Food Processing, and Modern Plastics and Polymers are the honorable Media Partners for the Awards. To know more about this event, please log on to www.frost.com/2010cmfawards

The Award titles to be recognized at Frost & Sullivan 2010 India Excellence in Chemicals, Materials, and Food Awards are:

VOICE OF CUSTOMER AWARDS

PRODUCT EXCELLENCE

Product Excellence in Pharma Additives

Product Excellence in Paint Additives

Product Excellence in Water Treatment Chemicals

Product Excellence in Special-Effect Pigments

Product Excellence in Adhesives (Water Based)

Product Excellence in Coatings

Product Excellence in Polymer Additives

Product Excellence in Process Chemicals

Product Excellence in Specialty/ High Performance Plastics

CUSTOMER SERVICE EXCELLENCE

Customer Service Excellence in Pharma Additives

Customer Service Excellence in Water Treatment Chemicals

Customer Service Excellence in Polymer Additives

Customer Service Excellence in Packaging (Film Convertors)

Customer Service Excellence in Auto Lubricants

PRODUCT AND CUSTOMER SERVICE EXCELLENCE

Product and Customer Service Excellence in Personal Care Additives

Product and Customer Service Excellence in Personal Care Actives

PRODUCT INNOVATION

Product Innovation in Flavors

Product Innovation in Enzymes

PRODUCT QUALITY LEADERSHIP

Product Quality Leadership in Flavors

PRODUCT INNOVATION AND QUALITY EXCELLENCE

Product Innovation and Quality Excellence in Functional Ingredients

Product Innovation and Quality Excellence in Food Additives

Product Innovation and Quality Excellence in Protein Ingredients

Product Innovation and Quality Excellence in Vitamins and Minerals

JURY AWARDS

Ingredient/Product of the Year Award

Green Excellence Award

Excellence in Regulatory Compliance

Best Managed Company of the Year

Emerging Company of the Year