Ecolab Named One of Industry Week's `100 Best-Managed Companies'.ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--Aug. 13, 1999-- Ecolab Ecolab, Inc., is a St. Paul, Minnesota based sanitation supply company founded in 1923. It was named "Economics Laboratory" before its name was changed to Ecolab in 1986. Inc. has been named one of the 100 best-managed companies by INDUSTRY WEEK magazine, a 30-year-old publication that focuses on global manufacturing enterprises. A special report highlighting the winners will appear in the August 16 issue. Winning companies were selected from the INDUSTRY WEEK 1000, a list of the world's largest publicly held manufacturing companies based on revenues. Waltham, Mass.-based Primark supplied the data for the IW 1000, which was published in June. Companies receiving this year's award represent 14 countries including Canada, Denmark, Finland, France, Germany, India, Ireland, Japan, Mexico, the Netherlands, Singapore, Switzerland, the United Kingdom, and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "It's really an honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. for Ecolab to be chosen for this award," says President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Al Schuman. "Our associates all over the world constantly uphold up·hold tr.v. up·held , up·hold·ing, up·holds 1. To hold aloft; raise: upheld the banner proudly. 2. To prevent from falling or sinking; support. 3. the highest standards of performance, and this recognition is testament to that. Every day, every week, every month, our customers are our No. 1 priority - and that's what puts us in a different league." Selections were made after a lengthy evaluation that included: an analysis of the company's financial performance; review of a questionnaire that each INDUSTRY WEEK 1000 company was given an opportunity to fill out; research into each company's practices in areas such as philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. and safety; and voting by a panel of more than 100 business leaders, analysts, and academicians. "INDUSTRY WEEK's 100 Best-Managed companies demonstrate superior, consistent financial performance," says John Brandt, editor-in-chief of INDUSTRY WEEK. "We also honor these companies for investing heavily in such areas as research and development, new markets, employees and society." Winners will be recognized at the 100 Best-Managed Companies Awards Celebration and Executive Summit in Tucson, Ariz., in February. Ecolab Inc. is the leading worldwide developer and marketer of premium cleaning, sanitizing and maintenance products and services for the healthcare, hospitality, institutional and industrial markets. For additional information about Ecolab, visit the company's Web site at www.ecolab.com. |
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