Many of the region's top-class companies were honored with the most coveted titles in leadership, technology, strategy and innovation excellence. This year the Awards recognised outstanding performances by companies in the electronics & security, industrial automation & process control, energy & power systems, chemicals materials and food industries, as well as new and emerging technologies across these industries.
The President of the Singapore Manufacturers' Federation, Mr. Renny Yeo graced the evening. Around 200 attendees of the ceremony included chief executive officers, country managers, executive directors, and presidents from all the different and vast industries of industrial technologies in the Asia Pacific region.
Introduced in the year 2006, the Awards acknowledge the best practices in various industrial technologies across Asia Pacific. This year additional categories across the industrial sector of Chemicals, Materials and Foods technologies have been added to the list of awards. More than twenty prestigious titles were presented to companies at the banquet witnessed by existing and upcoming leaders in various industrial technologies.
The companies commended as award recipients are those which display exemplary achievements in areas such as market leadership, marketing strategy, business development strategy, market penetration, customer service, growth strategy, product line strategy, amongst others. Qualities such as diligence, perseverance, innovation and dedication required to develop a successful business plan and excel in the increasingly competitive global marketplace are pre-requisites of the illustrious award recipient.
Sanjay Singh, Vice President for Industrial Technologies at Frost & Sullivan, says, "The industrial technologies sectors have continued to witness good growth in the first half of 2008 and have been a significant contributor to the economy in all APAC countries.
"With the myriad challenges companies continuously face on many fronts, it is only the innovative, resourceful and focused organisations that stay ahead in today's very competitive market and go on to be leaders amongst their peers over time. We aim to identify and highlight such companies that have demonstrated these world class performances and bring them to center stage by recognising their outstanding efforts at the banquet," he explains.
The awards seek to showcase best practices in the industry segments, which are synonymous with Frost & Sullivan's in-depth analysis and coverage of these industries. In keeping with the company's time-honoured commitment of excellence and innovation, the awards offered are carefully reviewed and evaluated to reflect the current market landscape inclusive of the emerging technology trends.
The awards are based on extensive market engineering tools evolved by Frost & Sullivan over the years. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Sanjay further elaborated, "Since its institution in 2006, the Frost & Sullivan Asia Pacific Industrial Technologies Awards have grown to establish itself as a not- to-be-missed banquet where peers, competitors, current and future clients gather to be honoured as the best in their respective industry. With positive feedback from the recipients, the industry members and media, we constantly strive to enhance the banquet experience every year. "
The 2008 Frost & Sullivan Asia Industrial Technologies Awards is supported by Singapore Manufacturers' Federation (SMa), Enterprise Development Center at SMa (EDC@SMa), Singapore Industrial Automation Association, Singapore High Technology Association and IA-Community as supporting organisations.
Media partners of the awards are; Industrial Automation Annual Directory, Industrial Automation News, ECN Asia, EDN Asia, Control Engineering Asia, Electronics Asia, Wireless Design & Development Asia, Business Today.
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.