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Golden Bull Award Singapore 2023: Absotech blends strong grounding and innovative adaptable leadership

Audience Analytics
Audience Analytics • 6 min read
Golden Bull Award Singapore 2023: Absotech blends strong grounding and innovative adaptable leadership
Kelvin Sim, CEO of Absotech / Audience Analytics
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Since its establishment in 2002, Absotech has transformed from a traditional bulk trading/distribution company with inventories into a dynamic and innovative force in the chemical distribution industry. Its journey has been marked by adaptability, sustainability, and a profound commitment to both business growth and societal well-being.

The company’s humble beginnings were rooted in the world of bulk trading, where modest profit margins were the norm. However, what sets Absotech apart even then was its ability to leverage its industry expertise and nurture long-lasting customer relationships. Absotech harnessed this advantage to provide clients with a unique form of supply stability, particularly during turbulent market conditions that saw frequent price fluctuations.

In 2008, Absotech embarked on a transformative path by developing proprietary blend formulations. These formulations were specifically designed for use in various industries, including oil and gas, construction, mining, and agriculture. This strategic shift marked a pivotal moment in the company's history. Today, Absotech’s proprietary blend business not only contributes significantly to its revenue but also forms the central focus of its future endeavours.

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