The Product Line Strategy Award is a prestigious recognition of accomplishments in the electric drives market for packaging. The award selection process was based on in-depth interviews and primary market analysis conducted by the Frost & Sullivan industry analyst team, which concluded that Lenze has brought to market a line of products that perform exceptionally well as a cohesive unit within the packaging industry.
“Lenze is honored to receive this award from Frost & Sullivan, a well respected business research and consulting firm,” states Chuck Edwards, president, Lenze Americas. “We are committed to investing in new product development, while recognizing that minimizing downtime is a priority to our package machine design customers. By delivering on these promises Lenze has maintained a leadership position—bringing ‘easy generation’ engineering through improved safety, mechatronics and engineering productivity.”
The criteria used by Frost & Sullivan to benchmark Lenze’s performance against key competitors, included breadth of product line, impact on customer value, impact on market share and breadth of applications/markets served. Their research and analysis concluded that a product line which includes electric drives, electric motors, control systems, industrial coatings, and software allows manufacturers to sell a complete system solution to a client and provide better customer service after the sale. If a packaging problem arises, it can be resolved with limited equipment downtime. Limited downtime, fewer equipment failures, and better efficiency provide both short and long-term benefits to packagers, and the positive results have led more electric-drive manufacturers to provide this solution to their customers.
“Findings from Frost & Sullivan’s research illustrated that Lenze product offerings are recognized in the industry for operational efficiency, energy-consumption reduction, and return on investment to both existing and prospective customers,” adds Edwards.