Grundfos has been named the recipient of AmCham Denmark’s 2011 Transatlantic Business Award.
Pictured from left: Stephen Brugger (AmCham director), Dennis Wierzbicki (President of Grundfos Pumps Corporation), U.S. Ambassador Laurie S. Fulton, Sten Scheibye (Chairman for the Danish Trade Council, Novo Nordisk and Denmark's Technical University).
Grundfos recognised for its investment in the U.S., its focus on energy-and eco-friendly solutions and its commitment to Corporate Social Responsibility.
AmCham Denmark’s 2011 Trans Atlantic Business Award has been awarded to Grundfos after being in close competition with TERMA, Danfoss, H.Lundbeck and Santaris Pharma. An independent jury consisting of Jesper Møller (CEO, Tom's Group and DI Chairman), Sten Scheibye (Chairman for the Danish Trade Council, Novo Nordisk and Denmark’s Technical University) and Steen Thomsen (Business Management Professor at Copenhagen Business School’s Department of International Economics) has selected Grundfos for its impressive growth in investment and employment in the U.S., its research in energy and eco-friendly solutions and its significant contributions within Corporate Social Responsibility.
“Grundfos has made significant investments in both Denmark and the U.S., where it has been active since 1973, with production, product development and a growing market share of currently 7%.The company’s commitment to the U.S. is evidenced by its 1,200 employees and growth rates of 12-14% (crisis years excepted).
The company excels in energy and eco-friendly solutions. It has founded a global water technology centre in California with the universities of Berkeley, Davis and Fresno and is also working on solar energy (with Purdue University). Its newly established department for global business development in Kansas will develop the global market for small submersible pumps.
Grundfos is active in corporate social responsibility, sustainability and philanthropy. It has a policy of employing disabled persons (currently 4% of the workforce), regularly donates to U.S. charities and seeks to promote sustainability through its products and production processes,” says Sten Scheibye, who presented the award.
Accepting the award on behalf of Grundfos was Dennis Wierzbicki, President of Grundfos Pumps Corporation.
“Five years ago Grundfos set an ambitious plan to grow in the U.S. and North American region as a hole. Since then we have invested in research and development, we have acquired three companies in the U.S. and added a long list of new products to the market. Winning this prize makes us proud, and it highlights both to ourselves, and to the world around us, that we are on the right course and a very solid company in the USA.
Our ambitions are to make Grundfos the leading pump company in North America, and we are well underway with annual double digit growth rates. We will continue to invest in people, partnerships, technology and sustainability. To Grundfos, sustainability is the prerequisite for the sound growth we all want.
The award was presented on 12 April at AmCham Denmark’s annual reception held at H. Lundbeck in Valby, Copenhagen.