Coimbatore, India October 1st, 2019: Elgi Equipments (BSE: 522074 NSE: ELGIEQUIP), one of the world’s leading air-compressor manufacturers, with 2 million installations across 100 countries, has won the coveted 2019 Deming Prize for the sustained application and leverage of TQM (Total Quality Management) across the organization. The Deming Prize is one of the highest awards on TQM (Total Quality Management) in the world and since its establishment in 1951, has been awarded to 251 organizations worldwide. ELGi is the first globally established, industrial air compressor manufacturer, outside of Japan, to win the prestigious award in over 60 years and will formally receive the prize on the 6th of November 2019 in Tokyo, Japan.
Speaking on the win Dr. Jairam Varadaraj, Managing Director, Elgi Equipments said “ELGi has an ambitious aspiration. To achieve this, we recognized that the company needed to adopt a management philosophy that builds vertical excellence in each operating function and customer-centric horizontal excellence across the business, operations and support functions. At ELGi, we endeavor to accomplish ordinary tasks in an extraordinary manner and turn extraordinary ambitions into ordinary tasks; TQM has significantly enabled the same.
Our focus on technology, innovation and continuous improvement are the bastions of our Conquer K2 journey and help us deliver sustainable and efficient compressed air solutions, in line with our brand promise of being Always Better for our customers, across the world.”
R. Jayakanthan, Director-People, Systems and Strategy, Elgi Equipments added “Our focus on institutionalizing TQM across the organization, has resulted in the development of so many unique practices that arm us with a competitive advantage while we continually work towards accomplishing our global growth goals. I would also take this opportunity to commend our employees for their continual support and focus on building excellence in TQM, across the organization.”
The Deming Prize was established in 1951 by the Japanese Union of Scientists and Engineers (JUSE) to honor W. Edwards Deming, who contributed greatly to Japan’s proliferation of statistical quality control after World War II. The selection procedure of the winner is a very rigorous and intense affair for both for the company and the examination body, spread over a period of about 15 months. The Deming Prize Committee views the examination process as an opportunity for ‘mutual-development’ rather than an ‘examination’.
ELGi, is a pioneer in cutting edge compressed air technology, offering a complete range of compressed air solutions from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors and centrifugal compressors to dryers, filters and downstream accessories. With state of the art manufacturing units and a product portfolio of 400+ compressed air systems, ELGi redefines reliability, efficiency and cost-effectiveness across installations all over the world.
Elgi Equipments Limited is a global air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. ELGi has consistently worked towards ensuring that companies achieve their productivity goals whilst keeping the cost of ownership low. ELGi offers a complete range of compressed air solutions from oillubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors and centrifugal compressors, to dryers, filters and downstream accessories.
The company’s portfolio of over 400 products has found wide application across industries. For further information on the organisation and its products, please visit https://www.elgi.com/kr