Publicly traded company | |
Traded as | MYX: |
ISIN | MYL7158OO008 |
Industry | Oil and Gas, Public Transportation |
Headquarters | Kuala Lumpur, Malaysia |
Key people
|
Kamaluddin Abdullah, Chairman Shah Hakim Zain, Chief Executive Officer |
Products | Construction, Manufacturing, Shipping |
Revenue | MYR 1 971 000 000 (2009) |
MYR 9 900 000 (2009) | |
Number of employees
|
>5000 in 60 locations in 29 countries |
Subsidiaries | Scomi Engineering Bhd, Scomi Rail and Scomi Energy Services Bhd which are listed on Bursa Malaysia, and PT Rig Tenders which is listed on . |
Website | www |
Scomi Group Berhad (MYX: ) is a global service provider based in Malaysia mainly involved in oil and gas and transport engineering.
Scomi Group Bhd is listed on the main board of Bursa Malaysia Securities Berhad, and its group of companies are involved in oilfield services, public transportation and marine services. The group offers drilling fluids (DF) and related engineering services, drilling waste management (DWM) solutions, distribution of oilfield products and services, marine vessel services, machine shop services, transport engineering products involving special purpose vehicles, rail wagons, monorail vehicles and buses, supply of industrial and production chemicals and carbon dioxide (CO2) separation. The group was founded in 1961 and operates across 48 locations in 22 countries.
The company provides oilfield drilling fluids and drilling waste management services and also supplies monorail projects through its Scomi Rail subsidiary. Other companies under Scomi Group listed on Bursa Malaysia Securities Berhad are Scomi Marine Berhad and Scomi Engineering Berhad.
Other companies in the Scomi group include Scomi Oilfield Limited (Bermuda), Scomi Oiltools Limited (Bermuda), Scomi Capital Limited (Labuan), Scomi International Private Limited (Singapore), Scomi Ecosolve Limited (British Virgin Islands).
The company's subsidiaries and associate companies are involved in:
The Scomi Group has its roots in Subang Commercial Motor Industries (S.C.O.M.I.) incorporated in 1990. In 2000, Scomi was acquired by Kaspadu Sdn Bhd a company controlled by Shah Hakim Zain and Kamaluddin Abdullah.
When the founders of the company took over Subang Commercial Motor Industries, the main motivation for the acquisition was the coach building business. Eventually, the drilling fluids business became the main business for the group, which led to its listing on the then second board of Bursa Malaysia. In 2004, it bought a 71% stake in Oiltools International Ltd to expand its oil and gas business.