Press release from Business Wire India
Source: Frost & Sullivan
Thursday, February 04, 2010 04:40 PM IST (11:10 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Telecommunications; Technology
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CORRECTING and REPLACING: Ducon Technologies (I) Pvt. Ltd. Receives the Frost & Sullivan 2009 Niche Market Player Award in the Air Pollution Control Equipment Market
Mumbai, Maharashtra, India, Thursday, February 04, 2010 -- (Business Wire India) -- Frost & Sullivan honored Ducon Technologies (I) Pvt. Ltd. with the 2009 Niche Market Player Award in the Indian Air Pollution Control Equipment Market for growth excellence in the Flue Gas De-sulphurization (FGD) segment. The award was presented for demonstrating excellence in business competition and marketing strategies, which helped Ducon win consecutive projects in India in a small and concentrated market, competing with global players.
Through a recent market study on 'Indian Air Pollution Control Equipment', Frost & Sullivan identified Ducon as the market leader in FGD segment. Ducon offers high efficiency FGD systems, which are custom designed to remove sulphur dioxide from flue gases. According to the study, Ducon is the only player in India to have executed projects with reagents such as limestone and seawater.
Ducon's strength in India is wet FGD systems; it is a pioneer in executing large value projects. Its services ranges from complete engineering, supply, manufacture, to erection supervision and commissioning. The success of Ducon's wet FGD in India is attributed to the unique high efficiency ventri-rod design, lower liquid to gas ratios, lower power consumption, and high sulphur dioxide removal efficiency. Another notable aspect is the zero discharge system, which helps keep competition at bay.
The Frost & Sullivan Niche Market Player Award is presented to a company that has demonstrated excellence in its market by successfully offering a highly focused product line within its market segment. The award recognizes the company's dedicated commitment to developing a successful product line in a market. The recipient of this award is chosen on the basis of certain criteria. Through primary and secondary research methods, all companies' market revenues in terms of product line are tracked and those exhibiting significant growth are noted for their strategic implementation. When a company continues to show growth in market penetration and revenues in a particular product line in a market, it is then considered a candidate for this award.
"This award recognizes the tireless effort of our dedicated professionals who have successfully secured and executed the first three turnkey FGD projects in India," said Mr. Kiran Patil, CEO of Ducon India. "In a relatively short period of time, we have built up an enviable track record of successfully operating projects with tremendous engineering and financial resources that are reflected in our present capabilities" continued Mr. Patil.
Mr. Y. S. Shashidhar, Vice President and Country Director, South Asia, Middle East and North Africa, Frost & Sullivan, said, "The award conferred on Ducon is in recognition of its competition and sales strategies, which won it three consecutive FGD orders in a closely competed market where the demand is not linear. This achievement reflects the effort Ducon has put in towards market demand reading and strategy framing, a crucial factor for its continued success".
Indian Air Pollution Control Equipment Market was worth INR 13,100 million in 2008. Industrialization, air pollution regulations, and health awareness are key driving factors responsible for the high growth of this market. Thermal power plants are major polluting agents in India; with the Indian Government's, 'Power for All by 2012' program and ultra mega power projects lined up, the demand for air pollution control equipment is anticipated to increase. Frost & Sullivan anticipates the Indian Air Pollution Control Equipment market to grow at a compound annual growth rate (CAGR) of 18 percent between 2008 and 2013.
About Frost & Sullivan - "We Accelerate Growth"
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting, and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates, and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 30 offices in six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
About Ducon Technologies (I) Pvt. Ltd. "Leaders in Air Pollution Control System"
Ducon Technologies (India) Pvt. Ltd. is a group company of Ducon Technologies Inc. USA. Ducon is a leading environmental control systems company engaged in the design, manufacture and sale of the most advanced and custom engineered air pollution control and product recovery for a variety of industrial, chemical, utility and municipal applications.
Ducon's products are recognized throughout the world for innovative design, high efficiency, rugged construction, and long service life. During the past half century, Ducon has compiled over 30,000 installations worldwide and has pioneered numerous technologies. Our dedicated professionals strive to be at the cutting-edge of technology. A Ducon made product is your guarantee of quality workmanship and reliable performance that begins with start-up and continues throughout the life of the system. Ducon has compiled an enviable track record of completed projects finished on schedule and which continue to perform successfully and economically year after year. Over the past 6 years Ducon India has developed tremendous engineering, manufacturing, financial and human resource capabilities, which are reflected in the present operations.
For more information about our company, please visit www.ducon.com.
CONTACT DETAILS
Ravinder Kaur, Corporate Communications, South Asia, Frost & Sullivan, +91 44 4204 4515, ravinder.kaur@frost.com
G. Chandrasekhar, Sr. Manager (Mktg & Business Development), Ducon Technologies (I) Pvt. Ltd, +91 (22) 25883806-08 / 65206405/ +91 9323296702, gsekhar@ducon.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
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