2012 September: ECONO-HEAT wins 1st place in all three categories at the 2012 IDC Business Partners’ Awards
- January 22, 2016
- Posted by: willard
- Category: Awards
ECONO-HEAT Energy Efficient Appliances (Pty) Ltd, South African inventor and manufacturer of the popular ECONO-HEAT™ wall panel heater, on Friday 28 September 2012 won first place in all three categories – Innovation, Job Creation and Sustainability – of the South African Industrial Development Corporation (IDC) Business Partners competition.
The aim of the competition was to recognize IDC customers as business partners and to celebrate with them their contribution to creating jobs, developing innovative products and managing environmentally sustainable businesses in South Africa. It, furthermore, served as a platform to highlight the delivery and impact of the IDC’s investment in and contribution towards growing and supporting the South African industry.
In his acceptance speech, managing director Pieter Bräsler said that the company was humbled, yet proud at the same time to be winning the competition in all three categories. He paid tribute to the IDC in recognizing South African companies and their efforts in growing, being innovative, creating jobs and creating sustainable businesses.
He further referred to the importance of South African companies taking on the challenge of becoming recognised players in international markets, despite the prevailing recessionary conditions in key export markets. He stressed the importance of proper and on-going marketing and support of a product to create brand awareness and customer loyalty. He furthermore pointed out the value of volume manufacturing in terms of economies of scale, which dramatically lowers unitised labour costs. “South African manufacturers need not stand back one inch from competing with its Asian counterparts – even in consumer products,” Bräsler said, and added that partnering with the correct logistics, financial and other business associates to support a company’s export drive is another essential element in the success formula to compete in world markets.