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 figures.
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
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