Überlingen – WALTER RAU Neusser Öl und Fett AG is one of this year’s leading innovators in the German SME sector.
The Neuss-based company will be presented with the Top 100 award, now in its 24th year, by Ranga Yogeshwar, Professor Nikolaus Franke and compamedia. This is the third time that WALTER RAU has joined this elite group. The independent panel of judges particularly praised the success of the company’s innovations.
This is the third year that WALTER RAU Neusser Öl und Fett AG, which was founded in 1929, has been awarded the Top 100 seal of approval. The company is known across Europe for its wide range of raw materials and flexible product solutions. The experts in food production supply their customers, such as fast food chains, sweet manufacturers and industrial bakeries, with 50 different oils and 400 product recipes, of which around two-thirds were exclusively developed for individual customers. All fats and oils are kosher and halal, and are manufactured without allergens, such as sesame seeds and nuts, in accordance with strict standards. “Oils and fats may have a poor reputation, but they are vital to the flavour, look and even the shelf life of many processed foods,” explains Bernd Brinkmann, Business Unit Manager.
WALTER RAU AG, which employs 216 people, is set to become a global player. Bunge Company, one of the world’s biggest producers of vegetable oils, is now a major shareholder and provides access to new markets around the world. “While Bunge carries out a large amount of market research, we specialise in customer-focused product development. That’s what makes us an ideal addition for Bunge. Our ambition to be a fair partner for our customers, suppliers and employees is what drives us to develop innovative and sustainable ideas,” Brinkmann adds.
Since 1993, compamedia has been awarding the Top 100 seal of approval to SMEs with a particular ability to innovate and above-average success rates for innovations. Professor Nikolaus Franke has coordinated the project since 2002. He is the founder and director of the Institute for Entrepreneurship and Innovation at the Vienna University of Economics and Business Administration and a visiting professor at the Massachusetts Institute of Technology (MIT). He is one of the world’s leading innovation researchers and has won 18 science awards and published over 200 articles. The Top 100 is mentored by science journalist and television presenter Ranga Yogeshwar and organised in partnership with the Fraunhofer Society for the Promotion of Applied Research and the German Association for Small and Medium-Sized Businesses (BVMW). Media support for the company benchmarking competition is provided by manager magazin.
Further information about the award for
innovative SMEs is available at:
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