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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 “Strategy Award for Mechanical Engineering Companies” was started in 2005 with the aim of encouraging development of strategic goals in the industry and publicly recognising their implementation. More than 100 German, Austrian and Swiss mechanical engineering companies participated in the contest that was conducted in co-operation with the business journal Produktion and under the patronage of the German Federal Ministry of Economics and Technology.