Boustead Heavy Industries Corporation

Boustead Heavy Industries Corporation Berhad
Company typePublic limited company
MYX: 8133
ISINMYL8133OO000
IndustryDefence
Shipbuilding
Aerospace
Founded2007; 17 years ago (2007)
Headquarters,
Area served
South East Asia
Key people
Feroz Razi Ramli (CEO)[1]
ProductsNaval vessels
Commercial vessels
Offshore structures
ServicesElectronic and weapon systems
Ship repair
MRO of aircraft
etc.
RevenueIncrease RM 2.503 billion(end 2013)
(US$760 million)[2]
Increase RM -89 million(end 2013)
(US$-27 million)
Total assetsIncrease RM 4.348 billion(end 2013)
(US$1.33 billion)
Number of employees
Increase 2160
ParentBoustead Holdings
Subsidiaries
See below:[3]
  • Boustead Penang Shipyard
  • BHIC Marines Carrier
  • BHIC Shipbuilding & Engineering
  • BHIC Navaltech
  • BHIC Marine Transport
  • BHIC Defence Technologies
  • BHIC Marine Technology Academy
  • BHIC Marine Ventures
  • Dominion Defence & Industries
  • Perstim Industries
  • Malaysia Heavy Industry Group
  • BHIC Allied Defence Technology
  • BHIC Submarine Engineering Services
  • BHIC Defence Techservices
  • BHIC Electronics & Technologies
  • BHIC Trading
  • BHIC Aerotech
  • BHIC Development
  • BHIC Asset Holding
Websitewww.bhic.com.my

Boustead Heavy Industries Corporation Berhad, (MYX: 8133) often abbreviated as BHIC is a Malaysian industrial group specialised in defence, naval and commercial shipbuilding, ship repair, fabrication of offshore structures as well as maintenance, repair and overhaul of aircraft. 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%.[4]

  1. ^ "The Edge Market - Boustead Heavy Industries appoints Feroz Razi as new CEO".
  2. ^ "Annual Report 2013" (PDF). Boustead.com.my. Archived from the original (PDF) on 6 October 2014. Retrieved 11 October 2014.
  3. ^ "Group Structure of BHIC".
  4. ^ "Corporate Profile of BHIC".