Sealed Air was presented with the IFC Mint Strategy Award at the inaugural launch of the Porter Prize Awards in India on September 28, 2012. This is the first time that the prestigious Porter Prize has been organized outside Japan, where it started in 2001 in honor of Dr Michael Porter. Named after Professor Michael E. Porter, renowned philosopher, Harvard faculty member and Father of the modern strategic field, the Porter Prize awards were organised by the Institute for Competitiveness (IFC) to recognise the positive impact of top Indian companies on the performance of the overall industry.
The Porter Prize awards were given to seven companies on the basis of value creation, innovation and strategy. Sealed Air was recognized for its innovative strategies and management practices in the industrial and chemicals category.
“To receive the IFC Mint Strategy Award that is part of the prestigious Porter Prize awards is truly an honor for us. India is a key strategic market for Sealed Air and the award is a testament to the approach we have been taking to maximize growth opportunities in the country and positively impact the local industry,”said Himanshu Jain, Vice President, India Subcontinent, Sealed Air.
“The opportunities in India are tremendous but they have to be addressed uniquely and very differently.With our deep expertise in food science and microbiology, coupled with tailored solutions in cleaning and sanitation, as well as the broadest portfolio of protective packaging systems, we are constantly looking for ways to generate new business value for our customers in India.”
Dr Amit Kapoor, Honorary Chairman, Institute for Competitiveness, India, said: “The central idea of the Mint Institute for Competitiveness Strategy Award was to propel companies to compete on the basis of value creation, innovation and strategy. Organizations operating in India who have shown exemplary strategic acumen were recognized. Incidentally Sealed Air is an exceptional example of creating distinctive value in the area of industrial and chemicals. To say the least it lives up to the positioning of being a protection company and has provided significantly superior products and solutions in the market. This is reflected in the performance of the enterprise wherein it had doubled its size in the past few years, providing and offering customized solutions to its clients and having a high degree of repeat business while competing with significantly cheaper products. The organization is also striving to provide education regarding hygiene and accepts as its primary challenge in the industry and recognizes this as the driver for growth in the future.”
Sealed Air is a global leader in food safety and security, facility hygiene and product protection. Sealed Air has two manufacturing plants, a regional R&D center as well as three training and knowledge centers in India. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey™ brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions. On a pro forma basis, Sealed Air generated revenue of $8.1 billion in 2011, and has approximately 26,300 employees who serve customers in 175 countries. Given its breadth of products and solutions in food safety and security, facility hygiene and product protection, Sealed Air serves a broad spectrum of industries including automotive, logistics, engineering, retail, healthcare, hospitality, education, government and food & beverage.