Hiap Huat Holdings Bhd.
MMYX:HHHCORP0.10
MYR
0.00
(0.00%)
Hiap Huat Holdings Bhd.
MYX:HHHCORP
(Bursa Malaysia)
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ROIC.AI
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- Business
- Hiap Huat Holdings Berhad is a Malaysia-based integrated scheduled waste management and petroleum recycling company that specializes in the collection, treatment, refining, and manufacturing of petroleum-based products, alternative fuels, and industrial chemicals. Founded in 1985 and headquartered in Klang, Selangor, Malaysia, the company operates across five primary business divisions: Scheduled Waste Management, Petroleum and Petrochemical Refining, Distillation Tolling, Liquid Bulk Terminal Solutions, and Laboratory Testing Services. Hiap Huat provides circular economy solutions by converting hazardous waste, spent lubricating oils, used cooking oils, and industrial byproducts into marketable fuels and raw materials. Its extensive product portfolio includes recycled petroleum products, comprising fuel oils such as 80cst and 180cst grades for industrial power generation and marine bunkering, base oils, diesel, and bitumen; petrochemical products and industrial solvents, including mixed aromatic solvents, mixed alcohol solvents, dimethyl carbonate (DMC), and glycols; industrial lubricants and specialty greases marketed under proprietary brand names such as Top Up and AF1, including hydraulic oils, engine oils, gear oils, calcium greases, and heavy-duty chassis greases; industrial coatings and paint products, including emulsion paints, oxide primers, gloss paints, white undercoats, and wood preservatives; and recycled chemical agents and reconditioned packaging, including recycled thinners, toluene, isopropyl alcohol, metal drums, PVC drums, and intermediate bulk containers (IBCs). The company additionally delivers specialized industrial services, including customized distillation tolling, chemical laboratory and diagnostic testing, underground storage tank degreasing and maintenance, and contaminated soil remediation. Hiap Huat serves manufacturing, marine, energy, automotive, and heavy industrial clients across Malaysia as well as international export markets including Singapore, Vietnam, Italy, and Finland, operating primarily through subsidiaries such as Hiap Huat Chemicals Sdn. Bhd., Infernogen Sdn. Bhd., Lab Master Sdn. Bhd., and KL Bunkering (M) Sdn. Bhd. In recent developments, the company has expanded its liquid storage and logistics infrastructure through the construction of a RM100 million liquid bulk storage terminal at West Port, Port Klang, via a long-term lease agreement and joint initiative with KL Platform Services Sdn. Bhd. to handle biofuels and petrochemicals. Hiap Huat has also expanded its geographic reach in Malaysia through an industrial asset acquisition in Terengganu, while its 60%-owned subsidiary KL Bunkering (M) Sdn. Bhd. entered into a strategic collaboration agreement with Qastalani Sdn. Bhd. to broaden its maritime bunkering operations and liquid product supply capabilities.