Award for Mechanical Engineering Companies

Schenck Process is the best example of the successes a good strategy process can deliver. In recognition of the successful definition and ongoing realisation of its growth strategy, the Schenck Process Group are delighted to announce that management consults Oliver Wyman and the Produktion business journal have conferred their 2007 Strategy Award for Mechanical Engineering Companies in the category of 'Best Growth Strategy' on the Schenck Process Group.

Citing ability to achieve targeted financial results, in presenting the award Oliver Wyman acknowledges Schenck Process’ transition from a component supplier to a leading provider of complete solutions. "The focus lies on the production of key components and on solutions with a clear differentiation and high customer benefit," says Thomas Kautzsch, Partner at Oliver Wyman in Munich. Additionally, selective acquisitions as well as the exemplary growth of its service business further convinced the awarding jury.

The defined growth strategy, which Schenck Process has pursued since its 2005 MBO from Dürr AG (owners of Carl Schenck AG) has greatly contributed to the award winning development of the company. Operating across the globe via a network of 25 legal entities, in order to achieve a focussed approach across various industries, the company has structured its business into five core International Business Segments (IBS) namely IBS Heavy, IBS Light, IBS Mining, IBS Power and IBS Transport Automation, each focusing on different user markets e.g. cement, steel, food, pharmaceuticals, coal, base metals, power and transport automation processes for road, rail and port.