February 01, 2015 8:54 PM ET

Construction and Engineering

Company Overview of IEV (Malaysia) Sdn Bhd

Company Overview

IEV (Malaysia) Sdn Bhd offers engineering solutions to the petroleum and marine industries. The company is based in Petaling Jaya, Malaysia.

Level 2, No. 4

Jalan Bersatu 13/4

Petaling Jaya,  46200

Malaysia

Phone:

60 3 7960 9109

Fax:

60 3 7960 9108

Key Executives for IEV (Malaysia) Sdn Bhd

Chief Executive Officer
Age: 54
Compensation as of Fiscal Year 2014.

IEV (Malaysia) Sdn Bhd Key Developments

IEV Enters into an Agreement with Emrail and Ofnir for the Development of Crude Oil Handling Terminal in Bangladesh

IEV Holdings Limited announced that, IEV (Malaysia) Sdn Bhd has signed a Technical and Services Agreement with Emrail Sdn Bhd and Ofnir Engineering Sdn Bhd in respect of a crude oil handling facilities project in Bangladesh.

IEV Malaysia Sdn Bhd Appoints Tun Dato' Seri Zaki Bin Tun Azmi as its Chairman

The board of directors of IEV Holdings Limited announced the appointment of Tun Dato' Seri Zaki bin Tun Azmi as the Chairman of its 49% associate company, IEV Malaysia Sdn Bhd on March 1, 2013. He served the Malaysia court for 15 years before going into private legal practice in 1985. Tun Zaki left the legal practice in 2007 when he was appointed as a Judge of the Federal Court of Malaysia. In the same year, he was appointed as the President of Court of Appeal. In 2008, Tun Zaki was appointed as the 12th Chief Justice of Malaysia until his retirement in September 11, 2011.

IEV (Malaysia) Sdn Bhd Receives Letter of Award to Transport and Install an Integrated Tension Leg Platform from Sabah Shell Petroleum Company Limited

IEV (Malaysia) Sdn Bhd has been awarded a Letter of Award to transport and install an integrated Tension Leg Platform (TLP) from Sabah Shell Petroleum Company Limited in the Malikai fields offshore Sabah, Malaysia. A formal contract is expected to be signed between the various parties involved in the Project on a later date. The scope of work of the Project includes the transportation and installation (TNI) of the integrated TLP, both Hull and Topside, inclusive of pre-installation of the TLP tendon foundation piles, make-up of tendons and pre-installation of tender assist mooring system (suction anchor piles and pre-laid mooring lines) in a water depth of approximately 500 meters. The Group will be executing the Project in cooperation with Heerema Marine Contractors (HMC) of the Netherlands, a world renowned marine contractor in installing complex offshore infrastructures in shallow water, deepwater and ultra deepwater. The Group will be deploying its engineering capabilities from its Jacket and Pipeline Installation Solutions (JPIS) division for the execution of the Project. The Project, valued around USD 100 million, commenced on December 16, 2012 and is expected to be executed over a period of 3 years. Barring any unforeseen circumstances and subject to risks associated with executing the Project, the Project is expected to have a positive impact on the net tangible assets or earnings per share of the Group for the current financial year ending December 31, 2013.

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