Choon Huat Engineering is tops at Enterprise 50 Awards

It was Choon Huat Engineering's first time participating in the Enterprise 50 (E50) Awards in 2024, and the construction equipment rental firm hit a home run.

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For its internationalisation and sustainability efforts, the company took home the top accolade among 50 winners in the 30th edition of the annual awards on Nov 25.

Choon Huat Engineering invested in greener alternatives such as electric forklifts that reduced carbon emissions and noise pollution on construction sites. It also rolled out a battery energy storage system for use on sites without access to electricity, which has since been exported to Australia.

Bagging second place was Maneuver Marketing, another first-time E50 participant. The company, which had its origins in marketing consulting, now operates and scales health and wellness e-commerce brands. In 2023, it brought in US$157.2 million (S$211.5 million) in revenue from its BB Company brand of health supplements.

Emerging in third place was electronic and LED distributor Supreme Components International, which has now won the E50 award 12 times.

The company distributes electronic components such as semiconductors and lighting solutions to more than 2,500 customers worldwide. With a presence in more than 12 countries, it next intends to expand to Europe.