Heavy Engineering Industries & Shipbuilding Co. (KSC)
KKSE:SHIP580.00
KWF
+3.00
(+0.52%)
Heavy Engineering Industries & Shipbuilding Co. (KSC)
KSE:SHIP
(Kuwait Stock Exchange)
Recent
price
580.00
P/E
ratio
16.83
div
yld
3.85%
ROIC.AI
Capital Structure
KWD
•
in mil. unless spec.Working Capital
KWD
•
in mil. unless spec.Growth Rates
KWD
•
in mil. unless spec.Quarterly Revenue
KWD
•
in mil. unless spec.Quarterly Earnings Per Share
KWD
•
in mil. unless spec.Quarterly Dividends Per Share
KWD
•
in mil. unless spec.- Similar Companies
- Business
- Heavy Engineering Industries & Shipbuilding Co. (KSC), operating under the trade name HEISCO, is a Kuwait-based engineering, procurement, and construction (EPC) contracting company engaged in delivering integrated heavy engineering, industrial fabrication, marine construction, and shipyard services. Founded in 1974 as the Kuwait Shipbuilding & Repair Yard Co. (KSRC) and rebranded to its current corporate name in 2003, the company is headquartered at Shuwaikh Port, Safat, Kuwait, and maintains operational facilities across Kuwait, the Kingdom of Saudi Arabia, and India. HEISCO operates through specialized business divisions comprising Shipyard Operations, Oil & Gas Construction, Heavy Industrial Fabrication, Industrial Maintenance, Dredging and Marine Construction, Quality Control and Testing, and Commercial Trading. The company's comprehensive portfolio of products and services includes shipbuilding, drydock repair, vessel conversions, and underwater marine services utilizing a 14,000-tonne floating dock and Syncrolift systems; engineering, procurement, civil, electrical, and mechanical construction for onshore and offshore oil, gas, and petrochemical facilities, pipelines, and flowline networks; custom design and manufacturing of ASME-certified pressure vessels, heat exchangers, skid-mounted process packages, API storage tanks, and heavy structural steel; ongoing maintenance, turnaround, and overhaul services for power generation plants, water desalination facilities, and petroleum refineries; dredging, land reclamation, breakwater construction, and civil infrastructure through its subsidiary Gulf Dredging & General Contracting Co. (KSC); non-destructive testing (NDT), heat treatment, metallurgical testing, and laboratory calibration services; provision of industrial technical personnel through HEISCO for Technical Specialized Manpower Supply Co. W.L.L.; specialized engineering support via Heisco Engineering India Private Limited; and commercial agency distribution of industrial machinery, instrumentation, and consumables. HEISCO caters to state-owned petroleum corporations, national utility ministries, maritime operators, and regional industrial developers. In recent corporate developments, HEISCO has expanded its strategic footprint across the Gulf Cooperation Council (GCC) with a core focus on Saudi Arabia, securing major vendor approvals with Saudi Aramco, SABIC, and the Saudi Electricity Company, while pursuing the strategic acquisition of Gulf Sky Factory in Saudi Arabia to augment local in-kingdom fabrication capacity. The company has also secured substantial project awards, including a KD 174.2 million EPC contract for flowlines and wellhead installations in North Kuwait, a KD 111.05 million contract for Jurassic Light Oil export facilities from Kuwait Oil Company (KOC), and major power transmission and thermal plant rehabilitation contracts with Kuwait's Ministry of Electricity, Water, and Renewable Energy. In addition, HEISCO has reinforced its regional joint-venture alliances with international partners such as Enppi on Saudi Aramco infrastructure projects at Abqaiq and Juaymah, supported by multi-currency banking and credit facility renewals to fund its regional expansion pipeline.