Hiap Teck Venture Berhad (5072)

Overview

Hiap Teck Venture Berhad, established in 1993 and based in Klang, Malaysia, is a comprehensive provider in the steel industry, catering primarily to the Malaysian market. The company’s operations encompass a wide range of steel products and services, which are distributed across five main segments: Trading, Manufacturing, Property and Investment, Transportation, and Mining and Exploration. A significant player in the steel sector, Hiap Teck Venture Berhad functions as an importer, exporter, lessor, and general dealer of steel products, hardware, and building materials. In addition to its core steel business, the company extends its offerings to include transportation services, scaffolding works, property investments, and even engages in the mining and processing of iron ore. With a notable presence in various industries such as infrastructure, oil and gas, construction, furniture, water reticulation, power plant, and shipbuilding, Hiap Teck Venture Berhad underlines its versatility and commitment to meeting the diverse needs of its client base.

Products and Services

Hiap Teck Venture Berhad provides a comprehensive array of products and services tailored to meet the needs of various industries, including:

• Steel Pipes and Hollow Sections: The company manufactures and distributes an extensive range of steel pipes and hollow sections, catering to the demands of the construction, infrastructure, and oil and gas industries.
• Scaffolding Equipment and Accessories: Offering both rental and sale options, Hiap Teck Venture Berhad supplies scaffolding equipment and accessories, essential for construction and maintenance projects.
• Other Steel Products: Beyond the primary offerings, the company deals in a wide array of steel products, fulfilling the needs of other sectors such as furniture and shipbuilding.
• Transportation Services: To facilitate the distribution of its products and serve external logistics needs, Hiap Teck Venture Berhad provides transportation services using trucks or trailers, enhancing its value chain.
• Mining and Exploration: Engaging in the exploration, mining, processing, and selling of iron ore, the company diversifies its portfolio while contributing to its raw material supply chain.
• Wholesale of Industrial and Construction Machinery: In addition to its steel products, the company wholesales industrial, construction, and related machinery and equipment, catering to the broader needs of the construction and industrial sectors.
• Geotechnical and Civil Engineering Works: Hiap Teck Venture Berhad is involved in offering specialized services in geotechnical and civil engineering, including foundations, underground works, and environmental pollution treatments and control.
• Sale of Electricity: In its venture to diversify, the company also engages in the sale of electricity, expanding its reach into the energy sector.