SINGAPORE - Media OutReach - March 24, 2020 - BR
Metals, a market leader in Platinum Group Metals recycling announced today that
it made the top 30 ranking out of 500 on the Financial Times' list of High Growth Companies in Asia Pacific. The
list is compiled with Statista, a German-based
global research company.
BR Metals reported gross revenue of
US34.46m in 2018, a marked increase from a baseline of USD1.46m in 2015, a year
after we set up our operations in Singapore. This is a Compound Annual Growth rate of
183.4%. BR Metals is the only
waste management company to have made the top 30 ranking.
Criteria & Methodology
The list of 500 APAC companies listed in FT's
league table have generated revenue of at least USD100,000 in 2015 and at least
USD1,000,000 in 2018, excluding any investment or funds injection. It includes independent
companies from Japan, South Korea, India, Australia, Hong Kong, Taiwan, Singapore, New
Zealand, Malaysia, Indonesia and the Philippines that have also achieved and sustained high compound annual
growth (CAGR) in revenue between
2015 and 2018. The FT and Statista reviewed and qualified these high fliers with
rom thousands of companies.
FT Commissioning Editor, Maxine Kelly mentions
in her introduction to this ranking that the list "could help readers to
identify those with the buffers to survive the fallout." She also adds that
these companies have "what is most important in any economic cycle: substance,
sustainability and credibility".
"We are thrilled to be among the top 10% of
APAC's fastest growing companies. I believe our service differentiation, continuous
process innovation and commitment to transparency in every aspect of our
business has helped us to retain our status as one of the largest PGM
processors in Asia in terms of delivered volume," says Frank Chen, Founder and
Managing Director of BR Metals.
"BR Metals, like the rest of the industry
has suffered from the coronavirus crisis but I'm confident that our strong financial
position and prudent business approach will help us weather the storm. Innovation and continuous improvement as a
part of our DNA means we will emerge stronger than
before us. In fact, we've just obtained our very our first patent
granted by the National Intellectual Property Administration (CNIPA) of China. This new processing
technology will not only markedly improve efficiency, speed and recovery
rate of our bulk sampling process, but will also increase the accuracy of
analysis results to ensure better returns for our customers. This is the first
of 5 patents in processing and analysis technology that we are working on right
now", he adds. BR Metals is also working with Singapore Institute of Technology (SIT) to develop a new analysis method for
Platinum Group Metals.
For more details about the ranking of FT's Asia-Pacific
High-Growth Companies, please
For more information about BR Metals Pte
Ltd, please visit http://www.brmetalsltd.sg/
About BR Metals Pte Ltd
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.
operations in Hong Kong, Guangzhou and Singapore 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.
our commitment to positively contribute to clients' well-being based on
flexible arrangement, fair and transparent trading.