Singapore – Food Empire Holdings Limited (“Food Empire”, together with its subsidiaries, the “Group”), is pleased to announce that it has been awarded The Enterprise Award 2020/2021 under The Singapore Business Awards, one of the most prestigious accolades in Singapore for local businesses.
Launched in 1985, The Singapore Business Awards is jointly organised by The Business Times and DHL to recognise small-and-medium enterprises for their outstanding achievements and performance. The aim of the awards is to acknowledge outstanding contributions by companies and their leaders towards Singapore’s economic development.
The Enterprise Award is based on the following four criteria of Innovation, Financial Performance, Company Management, and Contribution to the Community, judged by a panel of experts from the various sectors of business, official agencies and academia. While the Group has performed remarkably in all of the four areas, its achievements in the areas of Innovation and Financial Performance throughout this past year has been key in clinching the award. The Group has established itself as a global brand with over 200 products sold in more than 50 countries and its 3-in-1 coffee mix, MacCoffee, being a household brand in Russia, Ukraine and Central Asia. Amidst the uncertainties and challenges brought about by the pandemic, the Group has also demonstrated its strong resilience and adaptability to increase sales and committing to efficient cost-saving measures.
Commenting on the ranking, the Group’s Executive Chairman, Mr Tan Wang Cheow, said, “We are honoured to be awarded The Enterprise Award for 2020/2021 under the Singapore Business Awards. The award honours some of the most prominent businesses and people in Singapore and is an endorsement for our strong business performance during this ongoing pandemic. Despite the uncertainty due to the Covid-19 pandemic, we have been able to adapt to the challenges in the different markets we operate in and further increase our brand value. We will continue to build on this achievement and enhance our product offerings and presence in the global market.”