The drive for growth

TO GET a sense of how Aver Asia is growing, one just needs to make a trip to its new industrial premises in Jurong's Benoi Place. The company trades and rents out equipment for the construction, oil & gas and shipping industries. It moved to Jurong in 2012 where the spacious new site is bigger than the previous Tuas location. But space is still being efficiently used. In the midst of cranes and power generators sits a machine platform lift that functions as a mini multistorey car park. It stacks cars on platforms and enables 10 cars to take up the space of just two.

"There's not enough space," said Aver Asia managing director Ang Poh Kiang. There is plenty of room for the company to grow, however. This year, Aver Asia set up a subsidiary in Myanmar. It is also incorporating its second Indonesian branch in Jakarta, after the first in Batam.

The new branches are opening as the company continues to grow rapidly. Since 2008, when the company was last recognised in the Enterprise 50 awards, Aver Asia has grown its annual revenue from around S$20 million then to S$70-80 million in 2013. This year, revenue will almost hit S$100 million, Mr Ang said.