Wednesday, September 11, 2024
SMARTECH has been selected as a finalist at the esteemed ICIS Innovation Awards 2024, earning recognition for its innovative raw material solution, SMARTMDI. This cutting-edge system is designed to assist wood-based panel manufacturers by reducing the use of MDI resin, ultimately cutting costs and lowering the environmental impact.
The company is a finalist in the “Best Process Innovation” category, which honors businesses that showcase exceptional innovation and sustainability in process development and improvement. These advancements are crucial for better energy and raw material utilisation, enhanced economics, safer operations, and reduced environmental footprints.
Hanoch Magid, CEO of SMARTECH, expressed his excitement about the company’s achievement, stating, “It is an honor to be recognised as a finalist in the ICIS Innovation Awards 2024, especially in such a competitive year. This highlights our commitment to innovation and sustainability within the manufacturing industry. Our selection as a finalist reflects the exceptional capabilities of SMARTECH’s technology solutions.”
Ira Glazer, Director of Science, also commented on the success of SMARTMDI, noting its ability to significantly improve raw material efficiency. “Our patented SMARTMDI system is transforming the way manufacturers approach raw material consumption. By helping them achieve both profitability and sustainability goals, we are redefining the limits of what is possible in resource reduction. The feedback from our partners and customers has been overwhelmingly positive.”
The winner of the ICIS Innovation Awards 2024 will be announced later this year, and SMARTECH remains optimistic about the future impact of its innovations on the global manufacturing sector.
About the ICIS Innovation Awards
The ICIS Innovation Awards celebrate excellence in product, process, and digital innovation, with a strong focus on sustainability. The awards seek to recognise companies that demonstrate creativity and vision while leading the way in sustainable practices within the chemical industry.
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