A fervent entrepreneurial spirit propels family-run business Cyclect in delivering a diverse portfolio of products and services for more than 60 years. The company’s next-generation management is exploring new growth areas such as clean energy and electric vehicles.
Cyclect is an engineering and technical services provider serving land and marine industries since 1943. It specialises in five major business lines: engineering and construction; technical services; energy; manufacturing and system integration; and product distribution.
The company’s customer-centred approach and dedication to innovation have attracted clients from many industries. Its commitment to cultivate long-term relationships has enabled Cyclect to win major contracts with clients such as ExxonMobil, Shell, the United States Navy, Pfizer, Marina Bay Sands, SingTel Formula One Singapore Grand Prix and Universal Studios Singapore.
“Our innovation is recognised in the industry. We were among the Enterprise 50 awardees in Singapore last year,” says Marcus Tan, director of Cyclect Electrical Engineering.
Cyclect also received the TEC Innovator Awards in 2004 and 2005. The company is streamlining its business groups to realise its mission to develop innovative and sustainable solutions. “There are a lot of opportunities in the clean energy or green technology segment. We are looking for viable solutions because we need to balance environmental protection versus making money,” says Melvin Tan, director of Cyclect Group of Companies.
The energy company is bolstering its capabilities in developing systems for electric vehicles.
Cyclect is also investing in products that can help achieve its goal of minimising the use of electricity through recovery of waste energy, such as heat.
Cyclect also sees growth opportunities in Asia in runway systems and marine segments, particularly on the mainland, India and Vietnam.
“We are looking for expansion opportunities in these segments and for long-term partnerships with energy consulting companies or distributors of energy-efficient products to help us be the company where people want to be a part of its future,” Melvin Tan says.
(Featured on South China Morning Post, Singapore Report Country Report, p. 10, 14 Oct 2010. Copyright 2010 South China Morning Post. All Rights Reserved.)