Cyclect Group, a leading provider of sustainable engineering solutions, has won its first ever Enterprise 50 award in recognition of its outstanding achievements in business innovation, growth, excellence, and sustainability. The Enterprise 50 Awards, organized by The Business Times and KPMG, honor the top 50 privately held companies in Singapore each year.
Melvin Tan, Managing Director of Cyclect Group, expressed his excitement about the win, saying “We are honored and thrilled to receive this recognition for the first time in our history. It is a testament to the hard work and dedication of our employees, who have been instrumental in driving our success and growth. We are committed to delivering sustainable engineering solutions to our clients and will continue to strive for excellence in everything we do.”
The awards were presented by Mrs Lim Hwee Hua, Minister in the Prime Minister’s Office, Second Minister for Finance and Transport, who was the guest of honor for the ceremony. The judging criteria for the Enterprise 50 Awards include the company’s financial performance, business innovation, market leadership, and management quality.
Since 1943, Cyclect Group has been serving the land and marine industries with a diverse portfolio of products and services in five major business lines: engineering and construction, technical services, energy, manufacturing and system integration, and product distribution. With its customer-centric approach and commitment to innovation, Cyclect has attracted clients from various industries and has established long-term relationships with major companies such as ExxonMobil, Shell, the United States Navy, Pfizer, Marina Bay Sands, SingTel Formula One Singapore Grand Prix, and Universal Studios Singapore.
The Enterprise 50 Award is a testament to Cyclect’s unwavering commitment to sustainable engineering solutions and its dedication to delivering the highest quality services to its clients.
About Enterprise 50 Awards
The Enterprise 50 (E50) Awards has become a highly-regarded accolade in the business community of Singapore, since its inception in 1995. Jointly organized by KPMG in Singapore and The Business Times, and sponsored by OCBC Bank, the E50 Awards recognize the efforts and achievements of privately-owned, local companies in various sectors. The awards are supported by Enterprise Singapore, the Singapore Business Federation, and the Singapore Exchange, making it a comprehensive and inclusive event for the business community.
The evaluation process for the awards is rigorous, taking into account both quantitative measures such as financial performance, and qualitative aspects such as business models, innovations, and governance. The E50 Awards celebrates the 50 most enterprising local companies who have made significant contributions to the economic growth of Singapore, both domestically and internationally. Over the past two decades, the E50 Awards have recognized more than 700 companies across key business sectors in Singapore.
For more information on Enterprise 50 Awards, please visit: http://www.enterprise50.org/
About Cyclect Group
Cyclect Group is an investment portfolio of engineering solution providers that specialize in developing, engineering, constructing, operating and maintaining plants and facilities across Asia. The group’s primary goal is to provide sustainable engineering solutions to various industries, with a particular focus on renewables, energy, infrastructure, industrial, marine, offshore and environmental engineering.
Cyclect Holdings is the primary investment company in the group and is committed to delivering sustainable solutions to industry and the community. The group has a diversified portfolio of businesses that offer a wide range of services to different industries, ensuring that it can meet the specific needs of its customers. With a strong emphasis on safety and quality, Cyclect Group is dedicated to providing innovative and cost-effective solutions that not only meet the needs of its customers, but also contribute to the sustainable development of the community.
For more information on Cyclect Group, please visit: https://cyclect.com