Outstanding players in the industrial technology sector honoured at the 2008 Frost & Sullivan Industrial Technologies Awards
Kuala Lumpur, Malaysia -(BUSINESS WIRE) - It was an evening of excitement and celebration as 27 outstanding organisations in the industrial technology sector were honoured at the 2008 Frost & Sullivan Industrial Technologies Awards.
Outstanding manufacturers, vendors and operators of the Industrial Process Control, Electronics & Security; Energy & Power Systems Measurement and Instrumentation and Environment & Building Technologies (EBT) industries where amongst the beaming award recipients.
Guest of Honour for the evening was Yang Berbahagia Dato' Abdul Hanan Alang Endut, Secretary General, Ministry of Science Technology and Innovation. This year the awards banquet was attended by the industry's most influential including YBhg Tan Sri Datuk Zainal Abidin Sulong, Chairman, Malaysian Industrial Development Authority; YBhg Tan Sri Dr Augustine Ong Soon Hock, Founder President of the Malaysian Invention and Design Society (MINDS), YBhg Dato' S H Wong, Chairman, Malaysian American Electronics Industry (MAEI), Mr Tiong Khe Hock, Chairman - Automation Technology Industry Group (ATIG), Mr Benny Yeo Group Chairman IA - Community (Malaysia) Sdn. Bhd. besides chief executive officers, country managers, executive directors, and presidents from a multitude of vertical industries from industrial technologies in Asia Pacific.
Sanjay Singh, Vice President, Industrial Technologies at Frost & Sullivan, says "We believe that often the ASEAN perspective is underplayed in the overall APAC developments especially with the greater visibility of China and India in addition to the North Asian countries. Hence, Frost & Sullivan has focused on the ASEAN region to identify such performances and contribution of the recipients in the chosen industry verticals."
Sanjay adds, "In recent years, Southeast Asia has witnessed significant investments in the electronics and manufacturing sectors. While China has seen rapid growth, Indonesia, Malaysia, The Philippines, Singapore, and Thailand have become key participants in the global electronics industry/production networks.
"Singapore and Malaysia are focusing on high-value products, which in the past have been low-cost assembly centers. In the area of semiconductors, South East Asia accounts for about 8% of the global wafer fabrication capacity and countries like Singapore, Malaysia, The Philippines, and Thailand export more than half of the semiconductors produced or processed in their countries to countries across the world." Further to his analysis, Sanjay points that Malaysia is currently amongst the world's leading sites for semiconductor assembly, testing, and packaging.
The awards which seek to identify and credit the best practices in the industry segments are synonymous with Frost & Sullivan's in-depth analysis and coverage of these industries.
In keeping with the company's 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 Industrial Technologies Awards are based on the 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.
According to Satish Lele, Director, Industrial Practice at Frost & Sullivan, Industrial Automation continues to be an area of focus for Frost & Sullivan. "This year we launched country specific analysis of the markets in Southeast Asia, which allowed us to understand the dynamics and future trends of the region and its implication for automation companies. As 2007 was another strong year for business, many automation players have responded with significant investment in the region.
Through these awards we recognise some of these best companies who have demonstrated excellence in products, service and technology to emerge as market leaders."
This year the Industrial Process Control Awards saw multinationals like Siemens and Yokogawa striding off with more than one title, while homegrown names like Carotech Bhd and Integrated Recycling Industries Philippines Inc also received some coveted awards.
"Environmental technologies markets in Asia are growing across segments in wake of increased awareness and concerns over issues such as air pollution and energy management", said Sapan Agarwal, Head, Environment and Building Technologies Consulting Practice at Frost & Sullivan. Sapan also points out that Green technologies, a result of increasing global awareness about the environment is the key to success in today's business settings. He continues, "Organisations across nations are aligning their products to serve the higher cause of environment stewardship as this is truly the next big thing that is about to change the way we live and work."
On the other hand, Environment and Building Technologies recipients across South East Asia were recognised in building automation, residential air purification equipment and hazardous waste management market.
Recipients of the Energy & Power Systems category provided no lesser challenge for the analysts in concluding on the recipients. The fast growing renewable energy industry and a very dynamic oil & gas sector in the Southeast Asian region meant the competition was tough.
"Recipients of the energy and power industry awards represent a diverse set of growth focused organisations that have excelled by their ability to identify and implement appropriate strategies based on individual market dynamics," says Ravi Krishnaswamy, Director for Asia Pacific Energy & Power Systems group.
"Organizations like Actaris, Petra Energy Bhd. and SolarWorld, though representing different segments of the energy & power industry, have benefited by carving a niche for themselves. Vyncke, SolarWorld and Tanjung Offshore Bhd. have excelled by forging strong partnerships - be it with principals, vendors, distributors or installation contractors.
Both Chloride Batteries and EnerSys, which operate in the mature batteries industry, have gained competitive edge through product innovation and targeting new vertical markets," sums Ravi.
While most of the awards under Industrial Process Control category were presented out to country specific operations, recipients of awards under Automatic Identification, Measurement & Instrumentation, Energy & Power Systems and Environment & Building Technologies categories were a blend of multinationals and local corporations.
The 2008 Frost & Sullivan Asia Industrial Technologies Awards is supported by the Industrial Automation Community.
Supporting Media of the awards are Industrial Automation News, Industrial Automation Annual Directory, Business Today, Home Finder and Reed Business Information titles - EDN Asia, ECN Asia, Electronics Asia and Wireless Design and Development Asia. For further information, please visit - www.frost.com itakl2008.
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, 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. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
Frost & SullivanCorporate CommunicationsDonna Jeremiah, 603-6304-5832 djeremiah@frost.com or Neethiya Sadagopal,
65-6890-0966 neethiya.sadagopal@frost.com
Kuala Lumpur, Malaysia -(BUSINESS WIRE) - It was an evening of excitement and celebration as 27 outstanding organisations in the industrial technology sector were honoured at the 2008 Frost & Sullivan Industrial Technologies Awards.
Outstanding manufacturers, vendors and operators of the Industrial Process Control, Electronics & Security; Energy & Power Systems Measurement and Instrumentation and Environment & Building Technologies (EBT) industries where amongst the beaming award recipients.
Guest of Honour for the evening was Yang Berbahagia Dato' Abdul Hanan Alang Endut, Secretary General, Ministry of Science Technology and Innovation. This year the awards banquet was attended by the industry's most influential including YBhg Tan Sri Datuk Zainal Abidin Sulong, Chairman, Malaysian Industrial Development Authority; YBhg Tan Sri Dr Augustine Ong Soon Hock, Founder President of the Malaysian Invention and Design Society (MINDS), YBhg Dato' S H Wong, Chairman, Malaysian American Electronics Industry (MAEI), Mr Tiong Khe Hock, Chairman - Automation Technology Industry Group (ATIG), Mr Benny Yeo Group Chairman IA - Community (Malaysia) Sdn. Bhd. besides chief executive officers, country managers, executive directors, and presidents from a multitude of vertical industries from industrial technologies in Asia Pacific.
Sanjay Singh, Vice President, Industrial Technologies at Frost & Sullivan, says "We believe that often the ASEAN perspective is underplayed in the overall APAC developments especially with the greater visibility of China and India in addition to the North Asian countries. Hence, Frost & Sullivan has focused on the ASEAN region to identify such performances and contribution of the recipients in the chosen industry verticals."
Sanjay adds, "In recent years, Southeast Asia has witnessed significant investments in the electronics and manufacturing sectors. While China has seen rapid growth, Indonesia, Malaysia, The Philippines, Singapore, and Thailand have become key participants in the global electronics industry/production networks.
"Singapore and Malaysia are focusing on high-value products, which in the past have been low-cost assembly centers. In the area of semiconductors, South East Asia accounts for about 8% of the global wafer fabrication capacity and countries like Singapore, Malaysia, The Philippines, and Thailand export more than half of the semiconductors produced or processed in their countries to countries across the world." Further to his analysis, Sanjay points that Malaysia is currently amongst the world's leading sites for semiconductor assembly, testing, and packaging.
The awards which seek to identify and credit the best practices in the industry segments are synonymous with Frost & Sullivan's in-depth analysis and coverage of these industries.
In keeping with the company's 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 Industrial Technologies Awards are based on the 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.
According to Satish Lele, Director, Industrial Practice at Frost & Sullivan, Industrial Automation continues to be an area of focus for Frost & Sullivan. "This year we launched country specific analysis of the markets in Southeast Asia, which allowed us to understand the dynamics and future trends of the region and its implication for automation companies. As 2007 was another strong year for business, many automation players have responded with significant investment in the region.
Through these awards we recognise some of these best companies who have demonstrated excellence in products, service and technology to emerge as market leaders."
This year the Industrial Process Control Awards saw multinationals like Siemens and Yokogawa striding off with more than one title, while homegrown names like Carotech Bhd and Integrated Recycling Industries Philippines Inc also received some coveted awards.
"Environmental technologies markets in Asia are growing across segments in wake of increased awareness and concerns over issues such as air pollution and energy management", said Sapan Agarwal, Head, Environment and Building Technologies Consulting Practice at Frost & Sullivan. Sapan also points out that Green technologies, a result of increasing global awareness about the environment is the key to success in today's business settings. He continues, "Organisations across nations are aligning their products to serve the higher cause of environment stewardship as this is truly the next big thing that is about to change the way we live and work."
On the other hand, Environment and Building Technologies recipients across South East Asia were recognised in building automation, residential air purification equipment and hazardous waste management market.
Recipients of the Energy & Power Systems category provided no lesser challenge for the analysts in concluding on the recipients. The fast growing renewable energy industry and a very dynamic oil & gas sector in the Southeast Asian region meant the competition was tough.
"Recipients of the energy and power industry awards represent a diverse set of growth focused organisations that have excelled by their ability to identify and implement appropriate strategies based on individual market dynamics," says Ravi Krishnaswamy, Director for Asia Pacific Energy & Power Systems group.
"Organizations like Actaris, Petra Energy Bhd. and SolarWorld, though representing different segments of the energy & power industry, have benefited by carving a niche for themselves. Vyncke, SolarWorld and Tanjung Offshore Bhd. have excelled by forging strong partnerships - be it with principals, vendors, distributors or installation contractors.
Both Chloride Batteries and EnerSys, which operate in the mature batteries industry, have gained competitive edge through product innovation and targeting new vertical markets," sums Ravi.
While most of the awards under Industrial Process Control category were presented out to country specific operations, recipients of awards under Automatic Identification, Measurement & Instrumentation, Energy & Power Systems and Environment & Building Technologies categories were a blend of multinationals and local corporations.
The 2008 Frost & Sullivan Asia Industrial Technologies Awards is supported by the Industrial Automation Community.
Supporting Media of the awards are Industrial Automation News, Industrial Automation Annual Directory, Business Today, Home Finder and Reed Business Information titles - EDN Asia, ECN Asia, Electronics Asia and Wireless Design and Development Asia. For further information, please visit - www.frost.com itakl2008.
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, 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. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
Frost & SullivanCorporate CommunicationsDonna Jeremiah, 603-6304-5832 djeremiah@frost.com or Neethiya Sadagopal,
65-6890-0966 neethiya.sadagopal@frost.com
No comments:
Post a Comment