1. 1 Innovation also outside Headquarter ! Presentation of speaker Technical Manager Kjeld Schmidt Christensen from Grundfos Istra Innovation in Management in Grundfos Russia Innovation in the supply chain regarding equipment and components Innovation in daily work

2. 2 Presentation of Kjeld S. Christensen Work for Grundfos: Project Engineer at Grundfos Business and Development Center DK. Stationed in Taiwan implementing new production line. Project Manager at Grundfos Business and Development Center DK. Product Technique Responsible Technical Manager Grundfos Istra – Russia Grundfos Educations: Grundfos Project Manager Grundfos Group Auditor Basic information: Kjeld Schmidt Christensen 39 years old Technical Manager in Grundfos Istra Russia Live in Moscow Russia Worked for Grundfos since 1999 Educated Mechanical Engineer from Odense International University

3. 3 Grundfos Istra Grundfos Istra: Part of Grundfos Group. Pumps and pumps systems. Distribution. 90 employees. ISO9001 certificated

4. 4 The evolution 1945 At home in Bjerringbro The company is founded with 6 employees and 200 m 2 of production space Globalisation Globalisation starts with exhibition in Sweden Today the company has 71 companies in 41 counties 1953 Certificates Grundfos awarded ISO 14001 certification. One of many certificates presented to Grundfos. 1989 2006 Grundfos HQ 2006 Over 330,000 m 2 production worldwide Close to 14,000 employees EFQM Excellence Award Winner Grundfos in Denmark

5. 5 Innovation is the essence Even the best pumping solution can always be improved and out-performed by a better solution. This is the basic belief that keeps Grundfos ahead of the competition.

6. 6 HydraulicsElectronics INNOVATE The cornerstones of product innovation Our deep understanding of the four core competencies enables us to redefine the basics of pumping technology, taking performance to new levels. MaterialsMotors

7. 7 Innovation in Management in Grundfos Russia Management team ”Improvement team” by middle management staff! General ”Open door office” policy! “Trust” is the key word! Innovation what is that? Innovation = Do your job in a different and better way (Keep it simple in the begining – and train)

8. 8 Innovation in the supply chain regarding equipment and components Close work regarding quality issues with local suppliers. What is quality? ”We are in Russia” Local supplier must follow UN Global Compact Flexibility and Lean in delivery? Order handling time and delivery performance. Contract: ”No show in time” = Cancallation of contract

9. 9 Innovation in daily work Involvment of staff Monthly meetings with update of finance, traveling, quality, projects Decition making – back up if necessary from Manager Budget follow up Team building for all Information about company perfomrance and targets Group Employee Motivation Survey Employee Development Dialog Create Mission and Vission together with staff Train in new workds like ”Lean”, ”Six Sigma”, ”just in time” etc. JUST START AND DO IT!