29 October 2004
29 October 2004
Stanyl from DSM Engineering Plastics has received the Frost & Sullivan Product Innovation Award in the High Performance Polyamide sector.
The Frost & Sullivan Award for Product Innovation is presented each year to the company that has demonstrated excellence in new products and technologies within their industry. The recipient company has shown innovation by launching a broad line of emerging products and technologies.
This Award has been given to the range of Stanyl polyamide 46 products because they are innovative and have achieved competitive advantage in the marketplace. In addition to Stanyl's portfolio of performance properties, the advantage of Stanyl against other performance plastics is that they can be used without any reinforcement, thus offering even greater weight savings to OEMs.
To choose a recipient of this award, the analyst team tracks all new product launches, R&D spending, products in development, and new product features and modifications. This is accomplished through interviews with all the market participants, and extensive secondary and technology research. All new product launches and new products in development in each company are compared and evaluated based on degree of innovation and customer satisfaction. Companies are then ranked by number of new product launches and new products in development.
In addition to the methodology describe above, there are specific criteria used to determine final competitor rankings in this industry. The recipient of this award has excelled based on one or more of the following criteria:
Significance of new product(s) in their industry
Competitive advantage of new product(s) in their industry
Product innovation in terms of unique or revolutionary technology
Product acceptance in the marketplace
New product value-added services provided to customers
Number of competitors with similar product(s).
According to Dr. Brian Balmer, Frost & Sullivan Industry Analyst, DSM is not the only manufacturer who offers a polyamide with proprietary chemistry: "But where DSM stands out from the crowd is in its continual development of the brand, adding new grades and new functionality all the time."
Dr. Balmer adds: "Whilst testimonials from respected customers such as Delphi and Siemens confirm the value of Stanyl, the very recent announcement of major capacity increases demonstrates DSM's long-term commitment to this unique and valuable material."