The company ranks 33rd out of 100 companies named on the list slated to be released in the September issue.
Ecolab has been selected by the prestigious Forbes magazine as one of “The World’s Most Innovative Companies” in 2013. It ranks 33rd out of 100 companies named on the list slated to be released in the September issue.
This recognition, which applauds the company’s innovative product offerings, is a significant boost to Ecolab’s brand name. Ecolab has been featured on the list ever since the annual ranking was initiated in 2011. The company has met the magazine’s criteria of seven years of public financial data along with market-cap of $10 billion, which is above the net present value (NPV) of cash flows from existing businesses.
Ecolab has 16 Research & Development (R&D) centers across the globe with 1,600 scientists aggressively working to bring out environmental friendly products for the water, oil and gas, antimicrobial science, automation and dispensing solutions industries. The company has invested $183 million in R&D in 2012.