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In its recent analysis of the United
States Markets for Industrial Hearing Protection Products, Frost &
Sullivan named Moldex-Metric, Inc. as the recipient of the 2005 Hearing
Protection Products Growth Strategy Leadership of the Year Award.
The hearing protection products market
within the United States is mature like most markets within the
protective equipment (PPE) sector. To maintain and cement its
position within this market, a company would need to identify niche
end-user markets possessing sufficient growth potential.
The company has identified and focused on
its core competencies and continued to strengthen its market position in
these areas. This approach enables it to possess a distinct
advantage over its giant-sized competitors.
"The company's ability to offer a flexible
array of product offerings and solutions within the hearing protection
device (HPD) segment of the environment, health and safety (EH&S)
industry has provided it with an excellent reputation not only among its
competitors, but also end users," says Frost & Sullivan research analyst
Pavithra Atul Sarma. "It has also cleverly leveraged its small
size to concentrate on its sales and distribution strategies."
Moldex-Metric's in-house sales force 'work
the streets' and allow it to keep its finger on the pulse of the market
and help it obtain direct and immediate feedback from its customers.
The face-to-face time that the company sets aside to interact with its
distributors has contributed extensively toward boosting its sales over
the last few years.
Moldex-Metric channels the sale of its
products through a healthy mix of medium to large strong regional
distributors, in addition to selling products through national houses.
It has laid a lot of emphasis on developing its respiratory and hearing
protection product lines and its brands are very well established in
these arenas. The company typically looks at distributors that
offer other PPE that complements its business and sale of its product
lines.
"One of the company's key strengths lies
in its aggressive marketing and advertising strategies, which offer them
an edge over even any of the other privately held companies," says Sarma.
"The longevity of its management offers them a greater say in consensual
decision-making, which is an issue often faced by publicly held
companies."
Further, Moldex-Metric has always striven
and, in the process, established a reputation of providing products that
interweave style with comfort and quality. For instance, its
sparkplug -- a randomly multi-colored earplug and the first one of its
kind in the market -- is not only non-irritating, but also possess a
smooth surface for added comfort.
The Moldex PlugStations are simple yet
innovative mount-on-the-wall dispensers, wherein foam earplugs can be
kept instead of being enclosed in traditional packages. Its
superior product design, as is evident in product lines such as the Pura-Cones
and Traffic-Cones, offers a unique cavity design for easy insertion.
This design provides low-pressure offering additional comfort allowing
the user to wear this over extended periods.
The company also places heavy emphasis on
independent testing of its products, reiterating its belief in ensuring
that its customers get unbiased third party (NRR) certification.
In recognition of the innovative
strategies that has spurred the company's immense growth, Frost &
Sullivan presents Moldex-Metric with the 2005 Growth Strategy Leadership
of the Year Award within the HPD segment of the EH&S industry. |