MENSHEN has again been awarded the seal of IHK world market leader. The company is one of 165 Hidden Champions from South Westfalia (Germany), which includes world market leaders with top performance and cutting-edge technologies. Menshen was recognized as a specialist in closure solutions, especially in weld spouts (pouch inserts) and closures for specialty chemicals.

The selection of award-winning companies includes companies in the automotive, electrical, mechanical engineering, and building technology sectors. Such as Abus, Dornbracht, Hella, Infineon Technologies, Kirchhoff Automotive and many others. Menshen's sister company, STAUFF, was also confirmed as the world market leader for hydraulic pipes, tubes, and hose clamps.

What are the key characteristics of world market leaders?
1. Entrepreneurial personalities who display high performance with authenticity and enthusiasm.
2. Corporate management with a robust, long-term management plan.
3. Claiming leadership from markets, competitors, and customers by defining the rules and setting the market standards
4. Hidden champions are familiar with their customers. They are relationship-oriented, not price-oriented.
5. High levels of research enable a holistic development in technologies, products, and processes. Which leads to exceptional innovation performance.
6. Innovation activities are driven by advances in technology and market development. Innovation success is only measured by its market performance.
7. Hidden champions strive for global market leadership within their market niche.
8. Specialization in technological terms is combined with global sales and marketing expertise.
9. High performance is achieved in product technology, quality, and service.
10. Trust in our own strengths: High vertical integration and little outsourcing.

Characteristics of Global Market Leaders

“Medium-sized global market leaders are successful role models for entrepreneurship worldwide and are synonymous with technologically strong growth companies. They stand for commitment and perseverance in producing technologically outstanding innovations, with which they achieve long-term market success worldwide despite all crises and changes. They achieve this through continuous adaptation and change. This gives them remarkable resilience, which should give them courage and confidence for the current transformations.” Prof. Dr. Jan-Philipp Büchler: Hidden Champions Case Compendium – Leading Global Markets; Heidelberg, 2024.

Source: Success factors and quotation taken from the website 
weltmarktfuehrer-sw.de
Wesensmerkmale der Weltmarktführer – IHK Weltmarktführer (weltmarktfuehrer-sw.de)