Hiap Seng Engineering Ltd1. is an integrated service provider of mechanical engineering, plant fabrication and installation and plant maintenance to the oil and gas (serving both upstream exploration and production, as well as downstream refinery and storage), petrochemical and pharmaceutical industries in Singapore, Asia Pacific and other regions.
The Company focuses on fabrication of modules for exploration and production units like floating production storage offloading (FPSO) topsides and gas compressors for offshore installations. The Company has two business segments: plant construction and maintenance, and compression and process fabrication.
As of November 29, 2006, Hai Leck Engineering Private Limited and Tan Kuay Hoe Holdings Pte Ltd held 37.08% and 27.69% interests, respectively, in the Company. Its subsidiaries include Orion Tuas Shipyard Pte Ltd, Asia Process Industries Pte Ltd, HS Info-Tech Pte Ltd, PT Technic Engineering Sdn. Bhd. and HS Compression & Process Pte Ltd.
|Industry||Chemical Industry Machinery|
|Address||28 Tuas Crescent Singapore, 638719 Singapore|
- October 9, 2008 - Hiap Seng signs US$55m supply deal2 - HIAP Seng Engineering said yesterday that it has signed a supply agreement worth US$55 million.
- September 26, 2008 - Hiap Seng unit backs FPSO supply deal - HIAP Seng Engineering said that its 87 per cent-owned subsidiary, HS Compression & Process, has signed a letter of intent with an offshore company for the supply of gas compressor modules worth US$38.7 million for a floating production, storage and offloading (FPSO) vessel project. The group expects a positive contribution to its earnings from this transaction but does not expect any material impact on the net tangible assets or earnings per share for the current year ending March 31, 2009.