The success of Press Automation Technologies Pte Ltd (PATEC) is validated again when it is ranked Number 6 in Singapore’s prestigious Enterprise 50 list.
Said Mr Chong Lit Cheong, Chief Executive Officer, IE Singapore: "This year's E50 winners come from diverse industries and they represent the most entrepreneurial and promising local enterprises in their respective fields. It's heartening to know that a majority of them (PATEC) have established their presence in overseas markets and are actively seeking new opportunities there. IE Singapore will continue to work with these enterprises to develop the capabilities needed to expand overseas. We're confident that they will grow to be globally competitive enterprises."
Established in 1992, Press Automation Technologies Pte Ltd, PATEC manufactures high-precision mechanical press machines, and is a prominent technology solution partner to components manufacturers in the hard disk industry. The harddisk industry is very challenging as it is a very fast pace, high volume and demands high precision. Singapore is the world’s largest harddisk exporter with world class manufacturer such as Seagate, Western Digital Maxtor situating their manufacturing facility here.
“Over the years, world class manufacturers in the harddisk industry has came to trust PATEC machine to deliver consistent, high precision component parts at high output speed with minimal machine downtime. PATEC has continually introduce new products to meet our customers’ needs better and has grown steadily over the years together with our customers. Our fine cold form technology is gaining importance in the automotive industry as we are able to reduce the number of parts or process, thus reducing the overall cost of production considerably.” Said Michael Wee, CEO of PATEC.
E50 award was presented to Press Automation Technologies Pte. Ltd (PATEC) at the Enterprise 50 Gala Dinner and Award Presentation. Minister Lim Swee Say of Prime Minister’s Office officiated and gave away the awards to the winning companies. The Enterprise 50 award, now in its thirteenth year, was created by Accenture and The Business Times in 1995 to identify, support, recognized and reward enterprising privately-owned across all sectors.
Press Automation Technologies Pte Ltd (PATEC) has proven to be ranked well in most criteria, which includes both quantitative and qualitative criteria, such as turnover, profit growth, management philosophy, innovation and market presence.
From the entries received, the companies were short listed and then ranked according to specific criteria. A wide range of business activity is represented – manufacturing (24%), wholesale/distribution (24%), engineering services (20%), logistics (8%), IT & high-tech (6%), food & beverage (4%), construction/real estate (4%), retail (4%) and others (6%).
Eighty percent of the winners have been in business for more than 10 years whilst 42% of the winners have more than 100 staff.
Press Automation Technologies Pte. Ltd (patec-intl.com) is a MNC based in Singapore with staff strength of 500 worldwide. PATEC is the preferred equipments provider to world class leaders in the harddisk industry and automotive industry. PATEC’s superior fine cold form technology is well suited in the production of small 3D metal components into single press process, eliminating expensive machining, sintering and welding. This is achieved with press process efficiency without compromise to precision and significantly reducing overall production cost. Press Automation Technology Pte Ltd (PATEC) currently has technology solution centers in Singapore, China, Indonesia and Hungary (2009). For more information on how its technology can assist you, please contact Mr Chng Kee Peng, Managing Director.