BR Metals, one of Asia’s leading specialists in Platinum Group Metals recycling made the top sixth position among Singapore’s fastest growing companies in a study jointly conducted by The Straits Times and German-based global research firm Statista.
The study – in its second year – compiled a list of 100 companies that demonstrated strong revenue growth from 2015 to 2018. Unlike the inaugural study, this year’s list include established and major players like Grab, Southeast Asia’s largest ridesharing company, Singapore Bus Services (SBS) Transit and Har Pa.
Most of the companies ranked in the top ten are technology firms, along with e-commerce and retail companies. BR Metals is the only waste management company that made made this list.
Criteria & Methodolgy
The list of 100 Singapore companies named in this year’s league table have generated revenue of at least $150,000 in 2015 and at least $1,500,000 in 2018, excluding any investment or funds injection. They have also achieved high revenue growth between 2015 and 2018. The Straits Times and Statista reviewed and qualified these high fliers from thousand of companies.
Straits Times editor Warren Fernandez, who is also editor-in-chief of Singapore Press Holdings’ English/Malay/Tamil Media Group, said: “Our aim is to showcase companies which have been powering ahead, growing rapidly, through a mix of innovation and business savvy.
Dr Thomas Clark, associate partner and responsible for corporate development and international affairs at Statista, said: “Singapore is well known as an excellent location for certain business activities, ranging from transport and retail to commodities and high-tech. “”I have never seen so many growth champions active in health, education or waste management,” he added
The study also conducted that digitalisation and innovation are key in helping firms to grow quickly.
Frank Chen, Managing Director of BR Metals could not agree more. “Our service differentiation and continuous process innovation has helped us to retain our status as one of the largest PGM processors in Asia in terms of delivered volume, he said. “As part of our growth strategy, we’ve moved to new premises in Penjuru with three times the processing capacity. We are also enhancing our precious metals and platinum group metals analysis capability by investing in new equipment and working with Singapore Technology Insitute (SIT) to develop a new analysis method. In China, we are moving our production to a lower cost base in Shaoguan from Guangzhou. Once operational, our Shaoguan facility will have a 3,000 ton capacity annually.”, he elborated. Frank said that he was disappointed that BR Metals missed the top spot this year but quickly added, “Given the market conditions and supply crunch for PGM scrap, I guess we didn’t do that badly with 183% compounded growth.”
For more details about the ranking of Singapore’s Fastest Growing Companies, please visit https://www.straitstimes.com/business/companies-markets/fastest-growing-firms-here-propelled-by-tech-innovation
For more information about BR Metals Pte Ltd, please visit www.brmetalsltd.com
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About BR Metals Pte Ltd
BR Metals is the leader in precious metal recovery. We set high industrial standard as a trusted partner that provide responsive services and create sustainable value for clients.
Our operations in Guangzhou, Singapore and Pehn Phnom purchase, process and analyse used catalytic converter, petrol-chemical catalyst, and other scrap materials to recover platinum, palladium and rhodium as well as other precious metals.
It is our commitment to positively contribute to clients’ well-being based on flexible arrangement, fair and transparent trading.