NEW DELHI--()--Sealed Air Corporation (NYSE:SEE) was presented with the Institute for Competitiveness (IFC) Mint Strategy Award at the inaugural launch of the Porter Prize Awards in India on September 28, 2012. Named after Professor Michael E. Porter, renowned philosopher, Harvard faculty member and father of the modern strategic field, the Porter Prize awards were organized by the IFC to recognize the positive impact of top Indian companies on the performance of the overall industry. Mint is a major business newspaper in India and a partner of the awards.
Sealed Air was one of twelve companies to receive the IFC Mint Strategy award, recognized for its innovative strategies and management practices in the industrial and chemicals category.
This is the first time that the prestigious Porter Prize awards were organized outside Japan, where it started in 2001. "The award recognised the best Indian companies whilst assessing them on a robust framework. 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. Organisations operating in India who have shown exemplary strategic acumen were recognised. To say the least, Sealed Air lives up to it’s 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, providing and offering customised solutions to its clients and having a high degree of repeat business while competing with inventive, value-added products. The organisation is also striving to provide education regarding hygiene and accepts as its primary challenge in the industry and recognises this as the driver for growth in the future,” said Dr Amit Kapoor, Honorary Chairman, Institute for Competitiveness, India.
“To receive the IFC Mint Strategy Award as part of the prestigious Porter Prize awards is truly an honor for us. India is a key strategic developing 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. With our deep expertise in food science and microbiology, coupled with tailored solutions in cleaning and sanitation, and the broadest portfolio of protective packaging systems, we generate business value for our customers in India that enhance top line growth, reduce operational costs and minimize risk.”
Sealed Air has been established in India for over 17 years and serves a broad spectrum of industries including automotive, logistics, engineering, retail, healthcare, hospitality, education, government, and food and beverage. Over the past years, Sealed Air has been introducing new and advanced solutions to meet India’s emerging needs that are fuelled by urban lifestyles, a youthful population and a growing middle class.
About the Institute for Competitiveness
Institute for Competitiveness, India is the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School. Institute for Competitiveness, India is an international initiative centered in India, dedicated to enlarging and purposeful disseminating of the body of research and knowledge on competition and strategy, as pioneered over the last 25 years by Professor Michael Porter of the Institute for Strategy and Competitiveness at Harvard Business School. Institute for Competitiveness, India conducts and supports indigenous research, offers academic and executive courses, and provides advisory services to the Corporate and the Governments. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities and thus generate guidelines for businesses and those in governance; and suggests and provides solutions for socio-economic problems.
About Sealed Air
Sealed Air is a global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and DiverseyTM brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations. 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. To learn more, visit www.sealedair.com.
Company statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. These statements include comments as to future events that may affect the Company, which are based upon management's current expectations and are subject to uncertainties, many of which are outside the Company's control. Forward-looking statements can be identified by such words as "anticipates," "expects," "believes," "plan," "could," "estimate," "will" and similar expressions. A variety of factors may cause actual results to differ materially from these expectations, including: economic conditions affecting packaging utilization; changes in raw material costs; currency translation effects; and legal proceedings. For more extensive information, see "Risk Factors" and "Cautionary Notice Regarding Forward-Looking Statements," which appear in our most recent Annual Report on Form 10-K, as may be revised and updated from time to time by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. These reports are available on the Securities and Exchange Commission's website at www.sec.gov or our Investor Relations home page at http://ir.sealedair.com.