Displaying items by tag: ecolab
Ecolab Inc. has reached an agreement to acquire AkzoNobel's Purate® business, which specializes in global antimicrobial water treatment technology. With 2012 revenue of approximately $23 million, the Purate business provides patented, proprietary chlorine dioxide programs for use in a wide array of water treatment applications. Completion of the transaction is subject to customary regulatory clearances and other standard closing conditions.
"Chlorine dioxide is recognized as an excellent antimicrobial agent to control biologic growth primarily in cooling towers and a wide variety of other industrial water treatment applications," said Timothy Mulhere, Ecolab executive vice president and president, Global Water and Process Services. "Purate's patented technologies complement our offerings globally, including our 3D TRASAR® technology programs, which help address our customers' needs for clean water within industrial manufacturing and lower total cost of operations."
3D TRASAR technology combines chemistry, remote services and sophisticated monitoring and controls to improve a range of industrial operations to help customers reduce water use, improve energy efficiency and lower total cost of operations. 3D TRASAR cooling water technology has been recognized with a United States Presidential Green Chemistry Award. To learn more about 3D TRASAR technology, visit www.nalco.com/services/3d-trasar.htm.
Source: Ecolab Inc.
For the seventh consecutive year, Ecolab Inc. (ECL) has been named one of the world's most ethical companies by the Ethisphere Institute. Since 2007, the Ethisphere Institute has awarded the annual designation to companies throughout the world that demonstrate the highest ethical standards.
"Every day Ecolab's 41,000 associates strive to make the world cleaner, safer and healthier," said Douglas M. Baker, Jr., Ecolab chairman and chief executive officer. "This purpose guides usto manage our global operations with integrity and care for the health, safety and prosperity of our associates, customers, communities and the environment."
The Ethisphere Institute is a leading international organization dedicated to the creation, advancement and sharing of best practices in business ethics, governance, anti-corruption and sustainability. Ethisphere reviewed a record number of nominations from companies representing 36 industries and more than 100 countries.
"We are seeing more companies like Ecolab be proactive and create new initiatives that expand ethics programs and cultures across entire industry activities," said Alex Brigham, executive director, Ethisphere. "We are excited to see the 2013 World's Most Ethical Companies take these leadership positions, and embrace the correlation between ethical behavior and improved financial performance."
The methodology for the ranking includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers. For more information, visit www.ethisphere.com/wme.
Source: Ecolab Inc.
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For the third consecutive year, Ecolab Inc. has been named to the Carbon Disclosure Project (CDP) S&P 500 Carbon Disclosure Leadership Index (CDLI). The CDLI highlights companies that have demonstrated a commitment to strategy, governance, stakeholder communications and transparency in their reporting practices.
"Fewer than 20 companies in the S&P 500 have made index three consecutive years"
"At Ecolab, we strive to manage our operations responsibly while we deliver sustainable solutions to more than one million customer locations around the world," said Douglas M. Baker, Jr., Ecolab chairman and chief executive officer. "We are honored to once again be recognized by the CDP for our responsible business initiatives and commitment to reduce greenhouse gas emissions."
The methodology used to score companies was developed by the CDP with guidance from PricewaterhouseCoopers LLP. Companies were scored on the comprehensiveness of their disclosure practices as well as on aspects of their company's performance in relation to climate change. The report is used by institutional investors and the broader market to assess how companies are managing climate change issues.
Ecolab has made continued progress in its sustainability goals through several company initiatives and also partnered with customer locations around the world to help reduce waste and water and energy consumption.
The CDP is an independent not-for-profit organization that works to reduce the risks posed by climate change by encouraging almost 6,000 of the world's largest companies to report on their climate change strategies, greenhouse gas emissions and energy use. More information, including a full list of the companies on the 2012 CDLI, can be found at www.cdp.net
Source: Ecolab Inc.
Ecolab Inc. has been named to the Dow Jones Sustainability (DJSI) World Index, a list of the world's leading sustainability companies, and to the DJSI North America Index. The DJSI World Index captures the top 10 percent of the world's 2,500 largest companies based on economic, environmental and social criteria. The North America Index captures the top 20 percent of the 600 largest companies in the United States and Canada.
"We are pleased to see this recognition of our continuing efforts to make the world cleaner, safer and healthier while protecting people and vital resources," said Douglas M. Baker, Jr., Ecolab chairman and CEO. "By partnering with our customers at more than one million locations worldwide, we have an impact far beyond our own operations."
Details of Ecolab's sustainability initiatives with customers and within its own operations can be found in the company's 2011 Sustainability Report at www.ecolab.com/csr.
Launched in 1999, the Dow Jones Sustainability Indexes track the financial performance of the leading sustainability-driven companies worldwide. The indexes provide asset managers with reliable and objective benchmarks to manage sustainability portfolios.The annual DJSI World index is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. There are 340 companies listed in the 2012-13 World Index. Ecolab was one of 41 companies added to the index this year. More information on the Dow Jones Sustainability Indexes is available at http://www.sustainability-index.com.
Ecolab Inc. has been named to Forbes magazine's list of "The World's Most Innovative Companies" for the second consecutive year. Ecolab ranks 31st out of 100 companies on the global list that appeared in the Sept. 5 issue of Forbes.
"Our purpose to make the world cleaner, safer and healthier drives our commitment to innovation," said Douglas M. Baker Jr., Ecolab chairman and CEO. "Ecolab's innovation has spanned eight decades, and we are committed to carrying on this tradition with future generations of customer solutions."
Ecolab's more than 1,300 scientists, including 500 Ph.D.s, work in a network of 15 facilities located around the world. These researchers develop solutions for a variety of industries including foodservice, retail, hospitality, healthcare, buildings and facilities, commercial laundries, food and beverage processing, pulp and paper, mining and mineral processing, and oil and gas.
Over the past five years, Ecolab has invested $750 million in research, development and engineering to develop solutions for these industries and currently holds more than 5,300 patents globally. Innovations are developed using a positive impact approach that leverages chemistry, equipment, packaging, dispensing and expertise to produce superior results while improving environmental benefits and cost savings.
"Our positive impact approach is essential to our innovation process," said Dr. Larry Berger, Ecolab chief technical officer and executive vice president, Research, Development & Engineering. "With this approach, we deliver effective, sustainable solutions that help our customers optimize their operations while minimizing environmental impact."
According to Forbes, the "innovation premium" used to rank the companies is a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results in new products, services and markets. Additionally, members of the list must have $10 billion in market capitalization, spend at least 2.5 percent of revenue on R&D and have seven years of public data.The full list of the 2012 "World's Most Innovative Companies" can be found in the Sept. 5 issue of Forbes and online at http://www.forbes.com/innovative-companies/.
Ecolab Inc. has announced that it has completed its public offering of $500 million of 1.000% senior notes due 2015. Ecolab expects to use the net proceeds from the offering to repay a portion of its outstanding commercial paper borrowings and for general corporate purposes.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the notes or any other security.
With 2011 pro forma sales of $11 billion and more than 40,000 employees, Ecolab Inc. (NYSE: ECL) is the global leader in water, hygiene and energy technologies and services that provide and protect clean water, safe food, abundant energy and healthy environments. Ecolab delivers comprehensive programs and services to the food, energy, healthcare, industrial and hospitality markets in more than 160 countries. For more Ecolab news and information, visit www.ecolab.com.
Source: Ecolab Inc.
Ecolab has announced that its Chief Financial Officer, Steven L. Fritze, will step down as CFO on October 1, 2012, and will retire at the end of this year. Fritze has been Ecolab's Chief Financial Officer since 2002.
Douglas M. Baker, Jr., Ecolab's Chairman and Chief Executive Officer also announced thatDaniel J. Schmechel will become Chief Financial Officer onOctober 1.
"Steve has been an outstanding CFO and made lasting contributions to Ecolab throughout his 32 years of service," Baker said. "During his tenure, Steve served in nearly every finance area, and under his leadership, strengthened the talent, processes and effectiveness in each to help build world-class operations and finance leaders. He has always acted as a business partner, consistently bringing excellent executive and strategic leadership to the entire management team. His dedication to the company has been the hallmark of his work, and his counsel and support is something that I have valued greatly. Steve is a terrific example of Ecolab's culture of excellence, and we are a much better company because of his contributions. We wish him every success in this next phase of his life."
"I have been incredibly fortunate to have worked for such a fine company," Fritze said. "Ecolab does good in the world, has strong values, high ethical standards and consistently wins in the marketplace. It doesn't get better than that. I am highly confident in Dan and extremely proud of the great Finance team that we have developed over the years. Together, the team is clearly capable of supporting the business going forward without missing a beat."
Schmechel, 52 years old, joined Ecolab in 1995 and has led almost every major finance area. He is currently the Executive Vice President, Finance, where he has responsibility for Tax, Treasury and the Corporate Controller functions. Prior to that, he served as SVP, Finance Services and Systems, with responsibility for Shared Services and Information Technology. Schmechel also was Senior Vice President, Global Supply Chain, on an interim basis. During his 17 year career with Ecolab, he also has had an assignment in Europe as the SVP, Business Transformation, and has served as both the Corporate Controller and Treasurer. Schmechel has an MBA from the Tuck School of Business at Dartmouth and a B.S. degree from Yale University.
"Dan is absolutely ready to help lead Ecolab as CFO," Baker said. "He has served in the critical finance areas and in Europe, and possesses excellent financial and management skills. We look forward to Dan's leadership as we continue to pursue our aggressive growth plans."
Source: Ecolab Inc.
Ecolab Inc., the global leader in water, hygiene and energy technologies and services, has joined the United Nations Global Compact, the world's largest voluntary corporate sustainability initiative. Ecolab Chairman and CEO Douglas M. Baker, Jr., also endorsed the UN Global Compact's CEO Water Mandate, furthering the company's commitment to sustainable water policies and practices.
"The ten principles of the UN Global Compact align with Ecolab's values regarding human rights, fair labor practices, environmental protection and anti-corruption," said Baker. "The CEO Water Mandate aligns with Ecolab's efforts to advance sustainable water solutions around the world through our partnerships with our customers, nongovernmental organizations, suppliers and other groups to help ensure sustainable water management."
The UN Global Compact was created in 2000 as part of the United Nation's efforts to increase support of the Millennium Development Goals. More than 8,700 companies around the world are now participants.
The CEO Water Mandate is a public-private initiative under the UN Global Compact designed to assist companies in the development, implementation and disclosure of sustainable water policies and practices. More than 80 Global Compact participants have endorsed the CEO Water Mandate.
"Ecolab's vision is to help provide and protect what is vital: clean water, safe food, abundant energy and healthy environments. We recognize that water scarcity is a critical global issue that affects millions of people daily, and our technologies and services help our customers protect and conserve water within their operations," Baker said in his CEO Water Mandate endorsement letter to UN Secretary General H.E. Ban Ki-moon.
Source: Ecolab Inc.