News
Food Empire Holdings Wins Award For Its Annual Report At The International Arc Awards 2002
Singapore, 1 August 2002 - Food Empire Holdings, a Singapore-listed food and beverage group, is pleased to announce that it has won a Bronze Award for excellence in the production of its Annual Report 2001 at the 16th Annual International ARC Awards - the world's largest annual report competition that honours exceptional annual reports.
The ARC Awards, established by US-based MerComm Inc since 1987, serves to promote awareness of the annual report as an important corporate communications tool and to highlight excellence in annual report design and writing. The winners of this year's awards were honoured at a gala ceremony in New York, USA on July 25, 2002. The winning entries will be displayed in the Museum of Art and Commerce in Hamburg, Germany this September and the list of winners will be published in the official ARC Awards Book.
A total of 1,600 entries from 20 countries were submitted for this competition. The entries were assessed by a panel of distinguished judges representing different secotrs such as financial advisory, advertising and photography and included senior executives from different industries in more than 55 corporations in the U.S., U.K., Canada, Hong Kong, New Zealand and Singapore.
Food Empire was the only Singapore company to receive an award under the Food & Consumer Packaged Goods sub-category competing against multinational corporations such as Sara Lee, Campbell Soup and ConAgra Foods.
Mr Tan Wang Cheow, Chairman and Managing Director of Food Empire Holdings said:"I am very pleased that we were able to compete amongst international companies and win an award for our corporate annual report 2001. This award will spur us to set even higher international standards not only for our products and services, but also for our corporate practices and corporate governance.
"To emerge as one of the winners shows our commitment to corporate transparency. We will continue to present relevant and important financial information in our annual reports to the public, leaving little to speculation."
The criteria used in selecting the winners at the 16th ARC Awards included evaluation of the cover design, the President's letter to shareholders, the writing, design of contents, financial presentation and how well the spirit of the company was reflected in the report.
Food Empire Holdings has won several international awards in recognition of its efforts towards quality. Last month (July), it won nine awards for its food and beverage products at the International 41st World Selections of Quality organised by Belgium-based Monde Selections Institute of Quality.
Earlier this year, Food Empire's flagship house brand MacCoffee was voted as the top winner in the category "Top Instant Coffee Drink" in Ukraine's "Choice Of The Year" Award given to the most popular products in various categories. Food Empire has also been a consistent winner at the Singapore Star Awards that honours companies for excellence in design and packaging.
About Food Empire Holdings
Listed on the main board of the Singapore Exchange, Food Empire Holdings is a leading food and beverage company that manufactures and market instant beverage products, frozen finger food and confectionery.
Food Empire Holdings' products are exported to over 30 countries in markets such as Russia, Eastern Europe, Central Asia, China, Indochina, Australia and the US. The Group has 10 offices (representative and liaison) in 9 countries including the UK, Russia, Ukraine, Poland, UAE, Turkey, China and Vietnam. It also has a frozen seafood wholesale business whereby the seafood is sold in Singapore and overseas.
The Group's core products include a wide variety of regular and flavoured coffee mixes and cappuccinos, instant chocolate, instant breakfast cereal and flavoured fruit teas. Enhancing the variety are coffee and butterscotch candies and a delectable assortment of frozen Asian finger food made with no MSG, preservatives and colouring.
Food Empire Holdings has more than 40 types of products under its own brands that include MacCoffee, Klassno, Temasek Royal, Express, FesAroma, Caf? Veneto, Cosenza, B?same, OrienBites and MacCandy.
Issued For And On Behalf of Food Empire Holdings By:
The Blue Edge Pte Ltd
(Business communications consultancy)
bizmail@theblueedge.com
For more information please call:
Ms Jenny Lam
Director, The Blue Edge
Tel: 65-7383845
HP: 65-97696889
