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Business 12 Sep 2015 | 12:00 AM

Can THHE make it the second time around?

TH Heavy Engineering Bhd (THHE), which was once seen as a turnaround play, is near or at its weakest point today although the company insists that it is embarking on a new plan to set things right.

Business 24 Sep 2015 | 12:00 AM

THHE starts work on FPSO topside

PETALING JAYA: TH Heavy Engineering Bhd (THHE) has officially started work on its floating production, storage and offloading (FPSO) topside for client JX Nippon Oil & Gas Exploration of Japan in Pulau Indah, a project that should help its ailing fortunes. US$900mil project will help keep company afloat

Business 08 May 2019 | 12:00 AM

THHE unit gets writ of summons from Dubai to pay US$6.23mil

PETALING JAYA: TH Heavy Engineering Bhd’s (THHE) subsidiary, Floatech (L) Ltd, has received a writ of summons filed by Drydocks World – Dubai LLC on April 23.

Economy 21 Mar 2015 | 12:00 AM

Crude slump halts THHE turnaround

Company to bank on FPSO business

Corporate News 19 Jan 2017 | 1:56 PM

THHE, Destini bag RM739mil deal to supply offshore vessels to MMEA

KUALA LUMPUR: THHE Destini Sdn Bhd, a 51:49 joint venture (JV) between Destini Bhd and TH Heavy Engineering Bhd (THHE), has clinched a RM738.9mil contract to supply three offshore patrol vessels for the Malaysian Maritime Enforcement Agency (MMEA).

Business 15 Oct 2016 | 12:00 AM

Focus shifts to THHE sukuk

AFTER bondholders rejected Perisai Petroleum Teknologi Bhd’s debt restructuring plan early this month, all eyes are now on cash-strapped TH Heavy Engineering Bhd (THHE). The oil and gas (O&G) fabricator, which has been hit by dwindling revenues since the fallout from the oil price crash, early this week sought to extend the maturity date of its debt papers by one year, from Sept 30, 2016 to Sept 29, 2017.

Corporate News 16 Nov 2017 | 12:00 AM

THHE and units ordered to propose scheme of arrangement within 60 days

PETALING JAYA: TH Heavy Engineering Bhd (THHE) and its subsidiaries have been ordered by the court to propose a scheme of arrangement to their secured and unsecured scheme creditors within 60 days at separate meetings.

Business 11 Nov 2016 | 12:00 AM

THHE Offshore gets winding-up petition

PETALING JAYA: Oil and gas fabricator TH Heavy Engineering Bhd’s (THHE) 70%-owned subsidiary – THHE Offshore Services Sdn Bhd – has received a winding-up petition from the Kuala Lumpur High Court.

Business 06 Feb 2014 | 12:00 AM

THHE wins job to build topside structure in Sabah for Petronas Carigali

Petaling Jaya: TH Heavy Engineering Bhd (THHE) has received a letter of award from Petronas Carigali Sdn Bhd to build a topside structure at one of the latter’s gas development projects in Sabah.

Business 12 Jun 2014 | 12:00 AM

THHE upbeat about on-going jobs, expects projects to boost revenue by 20%

KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) expects on-going jobs to boost its revenue by as much as 20% for its current financial year ending Dec 31.