Boustead Heavy Industries
 |
|
|
Formerly called
|
PSC Industries Berhad |
|---|---|
| Publicly traded company | |
| Traded as | MYX: |
| ISIN | MYL8133OO000 |
| Industry |
Naval Defence Shipbuilding Aerospace |
| Predecessor | PSC-Naval Dockyard |
| Founded | 2005 |
| Headquarters | Kuala Lumpur, Malaysia |
|
Area served
|
South East Asia |
|
Key people
|
Lodin Wok Kamaruddin, Chairman Ahmad Ramli Mohd Nor, Executive Deputy Chairman / Managing Director |
| Products |
Naval vessels Commercial vessels Composite materials Munitions |
| Services |
Ship repair Engine repair Electronic systems MRO etc |
| Revenue |
 RM 2.503 billion(end 2013)(US$760 million) |
|
RM -89 million(end 2013) (US$-27 million) |
|
| Total assets |
RM 4.348 billion(end 2013) (US$1.33 billion) |
|
Number of employees
|
2160 |
| Parent | Boustead Holdings |
| Divisions | See below |
| Subsidiaries | Boustead Naval Shipyard Boustead Penang Shipyard Boustead Langkawi Shipyard Contraves Advanced Devices |
| Website | www |
Boustead Heavy Industries Corporation Berhad, (MYX: ) known for its subsidiary Boustead Naval Shipyard and often abbreviated as BHIC and BNS is a Malaysian industrial group specialised in naval and commercial shipbuilding as well as ship-related services. Its primary thrust is in shipbuilding, fabrication of offshore structures, as well as repair and maintenance of vessels and equipment. The company is a public limited company and the largest shareholder is Lembaga Tabung Angkatan Tentera, a government statutory body which provides retirement benefits and a savings scheme for officers of the Malaysian Armed Forces, with a 58.69% stake. The second largest shareholder is Kumpulan Wang Persaraan, a company created by the Malaysian Government as an investment company, with a stake of 7.17%. The parent company is Boustead Holdings.
Boustead Heavy Industries was created in 2005 after a government enforced merger between Boustead Holdings Berhad's commercial shipbuilding shipyards and the troubled PSC-Naval Dockyard. Since then it has acquired and formed many companies and expanded into many fields of business.
Penang Shipbuilding and Construction - Naval Dockyard Sdn Bhd (PSC-ND), was a division of the Penang Shipbuilding and Construction Industries Bhd (PCSI), a Malaysian Government-Linked Company (GLC), based in the Lumut, Perak, Malaysia. The company's primary role was to maintain the Royal Malaysian Navy (RMN) fleet and the Lumut Naval Dockyard.
PSC - Naval Dockyard was born out of the Royal Malaysian Navy's dockyard facilities which was built to provide ship repairs and maintenance services. Under the corporatisation program advocated by the Malaysian Government, the dockyard was corporatised as Limbungan TLDM, a wholly owned government company. It had modern facilities to meet the total maintenance requirements of the Royal Malaysian Navy fleet, from hull repairs to major overhauls and from radar refitting to weapon systems refurbishment.
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Wikipedia