KUALA LUMPUR, Malaysia, Oct 16, 2015 /PRNewswire/ -- Frost & Sullivan has conferred UEM Edgenta Berhad ("UEM Edgenta") (formerly known as Faber Group Berhad) with the 2015 Frost & Sullivan Asia Pacific Integrated Facilities Management Competitive Strategy Innovation and Leadership Award.
The award was presented to UEM Edgenta at the 2015 Frost & Sullivan Asia Pacific Best Practices Awards ceremony, held at the Conrad Centennial Singapore.
Ms. Janice Wung, Industry Analyst, Energy & Environment Practice, Asia Pacific at Frost & Sullivan said that UEM Edgenta has performed strongly in the past year by expanding its portfolio, diversification and implementing best practices in the company.
Ms. Wung added that the integrated facilities management (IFM) market in Asia Pacific is fragmented with a large number of small and medium participants competing on pricing with similar service proposition.
"The competitive scenario in the market is fueled by the low barrier of entry and the growing awareness on outsourcing among end users. In addition, the promising economic development in Asia Pacific, together with an increasing number of foreign companies operating in the region, is encouraging IFM adoption," she said.
She also said that UEM Edgenta's remarkable brand equity, commendable strategy execution, and unique competitive advantages have made the company a strong competitor in the IFM industry in the region.
"We are proud to have been conferred with this award as it acknowledges the transformation UEM Edgenta is undertaking in bringing asset solutions to the forefront for the company and industry. It is also testament of our high performance standards, breadth and depth of our services as well as our role as one of the leading total asset solutions provider in the region," said UEM Edgenta's Managing Director / Chief Executive Officer, Mr. Azmir Merican.
"UEM Edgenta's vision of 'optimising assets to improve lives' sets the philosophy of how we approach our work and our catchphrase, 'empowered by science, inspired by humans' demonstrate our commitment to leverage on technology to give us the edge. As such, I view this award not only as a recognition of what we have accomplished to date but also an encouragement to further provide our clients with superior products and services, and succeed in the industry we are in," he added.
The Frost & Sullivan Asia Pacific Best Practice awards, in its eighth year running now, have identified and honored best-in-class companies that have demonstrated excellence in their respective industries.
The recipients of the 2015 Frost & Sullivan Asia Pacific Best Practices Awards were identified based on an in-depth research conducted by Frost & Sullivan's analysts. The award categories offered each year are carefully reviewed and evaluated to reflect the current market landscape and include new emerging trends.
The short-listed companies were evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.
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SOURCE Frost & Sullivan