Alltech joins World Economic Forum
Alltech has joined an elite group of 300 companies in
Dalian, China, at the World Economic Forum's (WEF) Inaugural Annual Meeting of
the New Champions.
The Forum is been called the 'summer Davos'. WEF founder and executive
chairman, Prof Klaus Schwab, explained that the selected 300 companies are the
ones driving global growth. 'As the world comes to terms with a host of global
challenges new champions are emerging to lead industries and drive solutions in
the future.' Schwab also said that the new champions 'challenging the status
quo' are recognised as top performers in their sector, are innovative, flexible
and act with speed.
The recent Forum allows the next generation of business leaders to meet,
co-operate and exchange ideas on industry issues, innovative technology,
markets, regulatory systems as well as new business models. Participants include
business leaders from fast growing companies as well as leaders from global
corporations, and were joined by national and international political
Alltech was the only animal health or nutrition company present at the new
champions meeting, which is now trading in 91 countries with over 76 companies,
with growth being driven primarily by the demand for natural feed ingredients
for farm and companion animals. The company's turnover for 2007 will approach
$400 million, up 24-26% for the fiscal year.
Alltech's Vice President, Aidan Connolly: 'To be selected by the WEF to
attend this event is a great honour for Alltech and validates the path we have
taken over the past 27 years. Alltech is recognised today as a global leader in
agriculture and joining the group of new champions of the WEF means this success
is being recognised in a wider sphere.'
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