BR Metals News

BR Metals Wins Third Ranking in Singapore’s Enterprise 50 Awards 2021

BR Metals, a leading specialist in precious metals recycling, achieved top 3 ranking in this year’s Enterprise 50 (E50) Awards.

BR Metals Wins Third Ranking in Singapore’s Enterprise 50 Awards 2021
Frank Chen, Founder of BR Metals Pte Ltd.

It was the Company’s very first attempt at the prestigious E50 awards that recognise the top 50 Singapore-based, privately-held businesses that have contributed to building a more sustainable, resilient and inclusive nation through continuous innovation, even in these unprecedented times.

The E50 Awards are jointly organised by The Business Times and KPMG, sponsored by Oversea-Chinese Banking Corporation (OCBC) and supported by the Enterprise Singapore, the Singapore Business Federation and the Singapore Exchange. In view of the COVID-19 safety measures, the presentation of the 2020 awards was live-streamed for the first time from the Parkroyal Collection Marina Bay.

BR Metals Founder and Managing Director, Frank Chen’s steadfast commitment to sustainability while not losing focus on profitability has helped the company secure its top ranking and a notable mention by Dr Tan See Leng, Singapore Second Minister for Trade & Industry, and Manpower. “BR Metals recovers precious metals such as platinum and palladium from spent materials that can be used in new products. This reduces the need to mine for new metals, minimising the environmental impact and strengthening the industry’s resilience,” Dr Tan remarked.

In addition, qualitative factors including business model, productivity and innovation, management ideals and governance, market branding and presence, and liquidity and risk management are also decisive factors in BR Metals’ win.

“We are honoured to be named one of the 50 most enterprising companies in Singapore, but to rank top three in the 2020 E50 Award is both poignant and humbling, especially in these challenging times. This award validates our vision and growth strategies, and is only made possible by the fortitude and passion of our team to succeed in the sustainability realm”, said Frank Chen. “I am most grateful to the jury at E50 for recognizing our efforts and the team for their generous support. We will strive to do better next year,” he added.

The E50 Awards are one of the accolades BR Metals received in 2021. Earlier this year, BR Metals secured a top 10 spot in Singapore’s Fastest Growing Companies, a survey by The Straits Times and and Statista for a third consecutive year.

To find out more about the Enterprise 50 (E50) Awards 2020, please visit https://www.straitstimes.com/business/companies-markets/companies-must-remain-nimble-diversify-and-create-value-to-survive

To read about how BR Metals carved out a niche for itself in the precious metals recycling realm, please visit https://www.businesstimes.com.sg/hub/enterprise-50-2020/br-metals-turns-trash-to-cash


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