Asker,
06
December
2019
|
10:40
Europe/Amsterdam

TOMRA wins innovation accolade at European Business Awards 2019

Summary

TOMRA has won an innovation award at the grand finale of Europe’s largest business competition, the prestigious European Business Awards.

The company received the Award for Innovation with Turnover of €150m+ at an exclusive ceremony held in Warsaw, Poland. According to judges, this recognises TOMRA’s “proven ability to create, nurture and develop innovations that substantially improve its commercial performance, operational effectiveness or prospects by bringing benefit to the organisation, its customers and other stakeholders.”

TOMRA was founded on an innovation in 1972 that began with the design, manufacturing and sale of reverse vending machines for automated collection of used beverage containers. Today TOMRA provides technology-led solutions that enable the circular economy with advanced collection and sorting systems that optimize resource recovery and minimize waste in the food, recycling and mining industries.

Overall 150,000 business from 33 countries were initially shortlisted for an award, before independent judging saw 2,750 businesses shortlisted and then around 360 announced as national winners in September.

This is the third time TOMRA has won the prestigious European Business Awards, the first which it won in 2015, followed by 2018 and now 2019.

Commenting on the award win, president and CEO of TOMRA, Stefan Ranstrand, said: “Innovation is at the heart of TOMRA, it is big part of our culture and a key value that drives us forward in delivering superior technologies to solve the most demanding and challenging problems such as ending plastic pollution, reducing greenhouse gas emissions and securing more safe food. We strive to stay ahead to add the most value to our customers business in a changing and competitive world where machine learning, big data and connectivity are leading the way.”

The European Business Awards is an independent awards program designed to recognize and promote excellence, best practice and innovation in the European business community. Now in its 12th year, its primary purpose is to support the development of a stronger and more successful business community throughout Europe.

Congratulating TOMRA on its award win, European Business Awards CEO, Adrian Tripp, said: "TOMRA has reached the gold standard for business excellence by winning this award. It is a powerful example of a business meeting the challenges of a hugely competitive global marketplace, achieving phenomenal success, and making a positive difference to the world we live in. The business deserves its success and we wish it well."

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About TOMRA

TOMRA was founded on an innovation in 1972 that began with the design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Today TOMRA provides technology-led solutions that enable the circular economy with advanced collection and sorting systems that optimize resource recovery and minimize waste in the food, recycling and mining industries.

TOMRA has ~100,000 installations in over 80 markets worldwide and had total revenues of ~8.6 billion NOK in 2018. The Group employs ~4,000 globally and is publicly listed on the Oslo Stock Exchange (OSE: TOM). For further information about TOMRA, please see www.tomra.com

About the European Business Awards: 

The European Business Awards is one of the world’s largest and most prestigious cross border, cross sector business competitions. Its primary purpose is to support and develop a stronger, more successful, innovative and ethical business community in Europe, as it believes businesses play a key role in addressing major issues faced across the world.

The European Business Awards is now in its 12th year. This year it considered over 120,000 businesses from 33 countries. Sponsors and partners include Inflexion, Germany Trade & Invest, RSM and Cision PR Newswire.