Romaco business model reaps award

ONE OF Germany's best 50 innovators amongst small and medium-sized enterprises, Romaco Group was named a runner-up in the Process and Packaging Machinery category in the nationwide, intersectoral corporate benchmarking contest, as announced in Wirtschaftswoche magazine. In the Pharmaceutical Machinery segment, the company was awarded first prize.

The Munich Strategy Group (MSG), a leading management consultant from Bavaria, conducted an empirical study to measure the innovative vitality of German SMEs in all industries. More than 3,000 enterprises participated, including 25% from the engineering sector. The 50 best innovation leaders were filtered out on behalf of the business weekly, Wirtschaftswoche. The crucial criteria assessed were firstly business performance, in other words financial indicators and market position, and secondly parameters for evaluating the culture of innovation, such as innovation strategies and innovation processes.