Boustead Heavy Industries Corp Bhd - Company Profile
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Boustead Heavy Industries Corp Bhd (BHIC) is a group with interests in sectors such as defence, security, weapons and combat systems, and maritime. It provides shipbuilding, ship repair, and maintenance related services. The company offers fabrication work for the oil and gas sector and civil engineering-related industries. BHIC provides all types of ship repair work, such as engine repair, electrical and electronic testing, maintenance, repair, and overhaul of weapons systems. It also offers MRO services for vessels, engines, helicopters, and submarines, electronics and control, integrated logistics support, and manufacturing aerospace components. The company provides maintenance services for naval and ground electronic equipment and systems. BHIC is headquartered in Kuala Lumpur, Malaysia.
Headquarters
Malaysia
Address
17th Floor, Menara Boustead, 69 Jalan Raja Chulan, Kuala Lumpur, Kuala Lumpur (Federal Territory of), 50200
Website
www.bhic.com.my
Telephone
60 3 20787770
No of Employees
73
Industry
Aerospace and Defense
Ticker Symbol & Exchange
BHIC (KUL)
Revenue (2024)
$50.7M
-8.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-95%
(2024 vs 2023)
Market Cap*
$65.9M
Net Profit Margin (2024)
XYZ
-94.4%
(2024 vs 2023)
* As of and is in US$
Boustead Heavy Industries Corp Bhd premium industry data and analytics
Products and Services
| Services |
|---|
| Ship Repair |
| Engine Repair |
| Electrical and Electronic Testing |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In January, the company signed a collaboration agreement with France’s Defense Conseil International to explore a potential strategic partnership for rotary-wing platform support in Malaysia. |
| 2025 | Contracts/Agreements | In December, the company signed a non-binding memorandum of understanding with CNIM Systemes Industriels to explore purchasing motorised floating bridges for military and civilian use. |
| 2025 | Contracts/Agreements | In May, the company signed an agreement with Airbus's helicopter division to explore a potential industrial partnership in Malaysia. |
Competitor Comparison
| Key Parameters | Boustead Heavy Industries Corp Bhd | Samsung Heavy Industries Co Ltd | HD Hyundai Mipo Co Ltd | Mitsui E&S Co Ltd | Alam Maritim Resources Bhd |
|---|---|---|---|---|---|
| Headquarters | Malaysia | South Korea | South Korea | Japan | Malaysia |
| City | Kuala Lumpur | Seongnam | Ulsan | Chuo-Ku | Kuala Lumpur |
| State/Province | Kuala Lumpur (Federal Territory of) | - | - | Tokyo | Kuala Lumpur (Federal Territory of) |
| No. of Employees | 73 | 13,974 | 3,593 | 5,998 | 152 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Feroz Razi bin Ramli | Chief Executive Officer | Senior Management | 2023 | 47 |
| Ahmad Fazril Mohd Fauzi | Chief Financial Officer | Senior Management | 2021 | 40 |
| Fahmy Ismail | Director | Non Executive Board | 2023 | 49 |
| Ahmad Farouk Mohamed | Director | Non Executive Board | 2025 | 54 |
| Rozana Ismail | Head - Legal & Secretarial | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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