Stamcorp International crowned Metals & Mining winner at SBR National Business Awards 2024

It has become the world’s largest scrap metal trader by container volume.

Stamcorp International Pte Ltd, a towering figure in the Metals & Mining category, has been spotlighted at the SBR National Business Awards 2024 for its monumental achievement as the world's largest trader of scrap metals by container volume. Established in 2010 against a backdrop of modest beginnings, Stamcorp has soared to impressive heights under the visionary leadership of Nikhil Kumar, the company's Managing Director, boasting a turnover nearing US$500m in just over a decade.

Stamcorp’s journey, characterised by resilience and strategic innovation, has seen it become a dominant force in the trading of both ferrous and non-ferrous scrap metals, with a particular emphasis on ferrous materials. This remarkable trajectory from its foundational years, marked by significant challenges and learning curves, to its current status, highlights the company’s commitment to excellence and sustainable growth. Nikhil Kumar, who embarked on this venture with a rich background in trading across a myriad of commodities, was driven by a passion for recycling and environmental sustainability, ultimately channelling his expertise into the scrap metal business.

Navigating through the unorganised and perilous landscape of the scrap trade required astute business acumen and a keen understanding of the market. Stamcorp's strategic manoeuvres, such as forging partnerships with scrap yards, financial alignments, and establishing overseas offices, have been pivotal in ensuring the procurement of quality materials and fostering robust growth. By 2023, these endeavours culminated in an impressive sales volume exceeding USD 450 million, including group companies, underscoring the effectiveness of Stamcorp's business model and its adaptability to market dynamics.

Stamcorp's operational footprint spans globally, marking its presence in Southeast Asia, the Middle East, Europe, the Americas, Africa, and beyond. This extensive network is bolstered by strategic offices across the Southeast Asian region and stockyards worldwide, facilitating a seamless supply chain from procurement to distribution. The company's commitment to sourcing from trusted suppliers and catering to key markets in Bangladesh, India, and Pakistan has solidified its regional dominance and paved the way for further expansion.

The past two years posed unprecedented challenges due to the COVID-19 pandemic, with financial constraints and operational disruptions testing the company's resilience. Despite these hurdles, Stamcorp navigated through the crisis with strategic foresight and effective management, gradually overcoming obstacles to maintain its growth trajectory and market position.

Looking ahead, Stamcorp is poised for further expansion, eyeing the Japanese market as a strategic growth avenue alongside deeper penetration into the South Korean market. The company's future direction is also geared towards forging strategic partnerships with global players to secure funding for expansion, underscoring its ambitious vision for growth and sustainability.

With a robust, family-oriented network of professionals who share a long-standing association with the company, Stamcorp exemplifies the strength of collective effort and shared vision. This award highlights its transformative journey in the scrap metal trade, setting a benchmark for excellence, innovation, and sustainable growth in the industry.

The SBR National Business Awards is presented by Singapore Business Review Magazine. To view the full list of winners, click here. If you want to join the 2025 awards programme and be acclaimed for your company's exceptional contributions to the local business landscape in Singapore, please contact Jane Patiag at [email protected].