Worms, March 29, 2018 – According to a ranking published by the Munich Strategy Group on March 27, 2018 in the national newspaper “Die Welt”, RENOLIT SE is among the 100 most innovative companies in Germany. The Worms-based family-owned company was again ranked in the Top 50 of over 3,500 companies in the whole of Germany which were examined. Following the 44th position in the previous year, RENOLIT SE, which includes all German locations of the RENOLIT Group, moved up to the 42nd place in the ranking.
The study looks at the two objective criteria of sales growth and profitability over the past five years. “RENOLIT is a good example of a company in which innovation is firmly anchored in the company’s culture. RENOLIT manages to recognize potential early on and to further develop this with a constant focus on customer benefit”, emphasizes Dr. Sebastian Theopold, Director of the Munich Strategy Group and author of the study.
“The study is a wonderful confirmation of our work and shows that we are on the right path with our active culture of innovation says Dr. Axel Bruder who is also responsible for innovation on RENOLIT SE’s Board. “We are currently driving a number of innovation projects. At present, RENOLIT is conducting the second Innovation Contest in which all employees are once again invited to submit and develop ideas on a strategically important topic.”
This year’s Innovation Contest addresses the topic of “Digital Opportunities”. Since the beginning of 2018, employees have submitted more than 1,000 ideas which should contribute to better understanding our customers, to improving our production processes or to expanding the services we offer. In the coming months, the best ideas will be further developed and specifically promoted in interdisciplinary teams.
The most innovative medium-sized companies ranking is compiled by the Munich Strategy Group for the national newspaper “Die Welt”. Key parameters are innovative momentum and the efficiency with which new ideas for products, services, business models or processes are realized. A total of 3,500 medium-sized companies from eight industries were analyzed in a multistage process. In addition, expert conversations were held with 200 decision and opinion makers.
The RENOLIT Group is globally-active specialist for high-quality films, sheets and other plastic products. With more than 30 locations in over 20 countries, and sales of EUR 1 billion in fiscal 2017, the company is one of the world’s leading processors of plastics. Over 4,700 employees are engaged in further developing the company’s 70-plus years of know-how.
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