Osim International

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OSIM International Pte Ltd (Template:Zh) is a Singapore-based company that manufactures wellness technology and lifestyle products such as well being chairs, massage chairs and sofas, slimming belts, and pulse massagers.[1] The company also recently ventured to manufacturing gaming chairs and electronic products related to gaming, virtual reality and beauty and fitness.[2]

Company History

In 1980, Singaporean entrepreneur Ron Sim founded R Sim trading, a company dedicated to the sale of home goods, kitchen utensils, wooden massagers and reflexology rollers in Singapore.[3] In 1983, the company opened its first store.[4] Subsequently, the company expanded its operations to Hong Kong, Taiwan and Malaysia.[4]

In 1993, the company officially launched the brand name OSIM, [4] a combination of Sim, the surname of its founder, and 'O' which stands for the globe.[5] After rebranding, OSIM focused on health and lifestyle products and continued to expand across Asia.[3]

OSIM was listed on the Singapore Exchange in July 2000,[6][7] selling 25% of the company's shares at the time of listing.[3] The company subsequently de-listed in 2016.[7]

In March 2016, Ron Sim, offered to buy out shares of OSIM to take the company private once again. This followed a significant drop in the company's net income.[8][9]

In 2018, OSIM applied to be listed in the Hong Kong Stock Exchange. However, the plan was aborted due to perceived intense volatility in the market.[6]

In 2021, OSIM was recognized by Deloitte as one of the Best Managed Companies in Singapore.[10] Also in 2021, OSIM expanded to new product categories such as in beauty and gaming.[2]

In March 2022, OSIM International, under the V3 Group, filed for listing on the Hong Kong Stock Exchange.[6]

Product Categories

  • Well-being Chairs, Massage Chairs & Sofas
  • Gaming Chairs
  • Fitness and Health Monitors
  • Lower Body Massagers
  • Upper Body Massagers
  • Portable Massagers
  • Air Purifiers, Humidifiers and Water Purifiers
  • Electronic Beauty Products Series

Ambassadors

Awards

  • Red Dot Design Award 2016, Honourable Mention - OSIM International - uPamper 2[11]
  • ELLE Deco Best of 2020, Best Immersive Technology - OSIM International - uDream[12]
  • DFA Design for Asia Awards 2021, Merit Award, Product & Industrial Design, Leisure & Entertainment Product - OSIM International - uDream[13]
  • Red Dot Design Award Winner 2021, OSIM International - uDream[14][15]
  • Deloitte Best Managed Companies Awards 2021 Singapore, OSIM International[16]
  • Deloitte Best Managed Companies Awards 2022 Singapore, OSIM International[17]
  • CES Innovation Award 2022 [18]
  • Consumer Electronics Show (CES) Innovation Award 2022 Honoree, OSIM International - Smart DIY Massage Chair[19][20]

Extension Programs

  • 2005-2006, OSIM International was the sponsor of the Beijing Triathlon[21]
  • In 2008, OSIM International sponsored the Hong Kong ITU Triathlon Asian Cup[22]
  • In 2010, OSIM sponsored the Singapore Triathlon[21]
  • In 2010, OSIM International Co-sponsored the inaugural Standard Chartered Marathon Singapore[23]
  • From 2011 up to 2014, OSIM International was the Title Sponsor of the Badminton World Federation (BWF) World Super Series for all 13 events of the series.[24]
  • In 2015, OSIM International became a sponsor of Singapore Sundown Marathon[25]

References

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External links

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