Black Cat
- Company typePublic
- Founded2011
- HeadquartersVung Tau, Vietnam
- Headcount251–500
- GTM typeB2B
- OfferingServices
Black Cat firmographics
Firmographics- Name
- Black Cat
- Legal name
- Black Cat Insulation Technical Joint Stock Company
- Website
- https://blackcatjsc.com.vn
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Black Cat industry classification
Industry- Product category
- Industrial Insulation & Construction Services
- NAICS
- Drywall and Insulation Contractors (238310), Coating, Engraving, Heat Treating, and Allied Activities (3328)
- SIC
- Sheet Metal Work (3444), Fabricated Plate Work (Boiler Shops) (3443)
- akta.pro primary industry
- Corrosion Control & Cathodic Protection Services (IMAIAKAI)
- akta.pro secondary industry
- Steel Grating, Catwalks & Safety Platforms (IMADACAI)
Keywords
Where Black Cat is headquartered
LocationHeadquarters
- HQ city
- Vung Tau
- HQ country
- Vietnam
- HQ region
- Asia
Offices2 records
Markets served
Black Cat business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Industrial Insulation Services: Project-based service fees for supplying and installing thermal insulation systems for industrial piping, equipment, tanks, and vessels. Revenue is earned through lump-sum contracts or unit-rate contracts on major industrial construction projects (oil & gas, petrochemical, power plant, marine).
- Scaffolding Services: Provision of scaffolding erection, modification, and dismantling services for industrial construction and maintenance projects. Billed as part of bundled project contracts or as standalone service agreements.
- Blasting and Painting Services: Surface preparation (blasting) and protective coating/painting services for industrial structures, billed as part of project contracts.
- Passive Fire Protection (PFP) Services: Supply and application of cementitious fire-proofing materials and PFP systems for structural steel and piping in industrial facilities.
- Refractory Services: Installation of refractory linings and castable refractory materials in high-temperature equipment such as boilers and furnaces.
- Steel Solutions: Metal fabrication and steel solutions services provided through the affiliated company ISSCO Ltd. (issco.ltd), including custom metal jacketing and structural steel work.
- KingCat and RockCat Proprietary Insulation Products: Sale of branded pre-formed insulation products (KingCat PIR and RockCat Stone Wool) developed and trademarked by Black Cat. Products are manufactured at the company's workshop and supplied to construction projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based service quotation |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Black Cat product offering
Product offeringCore offering
Black Cat provides integrated industrial services covering thermal insulation (hot and cold, including proprietary KingCat PIR and RockCat Stone Wool products), scaffolding, blasting and painting, passive fire protection (cementitious and Pyro-Bloc), refractory installation, and steel solutions. Projects are awarded through direct tendering with EPC contractors and asset owners in oil and gas, petrochemical, power generation, marine, and general industrial sectors.
Product overview
Black Cat Insulation Technical Joint Stock Company (Stock Code: BMK) is a leading provider of industrial services in Vietnam and Southeast Asia. The company operates as a unified service provider offering six core service lines: Insulation, Scaffolding, Painting, Passive Fire Protection, Refractory, and Steel Solutions. Additionally, Black Cat has developed two proprietary insulation product sub-brands: KingCat® (PIR-based cold insulation) and RockCat® (Stone wool-based hot insulation). The services are delivered through a technology-driven approach utilizing CNC foam cutting machines and CNC metal jacketing cutting equipment, with operations spanning oil & gas, petrochemicals, power plants, and marine sectors.
Differentiator
Problem solved
Functional benefit
Brands
- KingCat®: Dòng sản phẩm cách nhiệt Polyisocyanurate (PIR) được phát triển nhằm đáp ứng yêu cầu về hiệu quả cách nhiệt lạnh và siêu lạnh, đảm bảo độ chính xác, đồng bộ và rút ngắn thời gian lắp đặt thi công tại công trường.
- RockCat®
Products and services
- Insulation Services Industrial insulation services for piping, equipment, tanks, and vessels including pre-formed PIR 3D and Foamglas 3D insulation solutions for hot and cold applications, for oil and gas, petrochemical, power, marine, and manufacturing facility owners.
- Scaffolding Services Professional scaffolding erection, modification, and dismantling services compliant with international standards BS1139/EN74 and TG20 guidelines, for industrial construction and maintenance projects at petrochemical, power, manufacturing, and oil and gas facilities.
- Painting Services Industrial blasting (surface preparation) and protective coating/painting services for oil and gas platforms, refineries, and manufacturing facilities, including certified application of Carboline coating products.
- Passive Fire Protection Services Cementitious fireproofing and passive fire protection systems, including Pyro-Bloc modules and certified application of Promat and Jotachar PFP products, for industrial facilities and offshore installations.
- Refractory Services Refractory lining installation and castable refractory services, including Pyro-Bloc module installation for high-temperature industrial equipment such as boilers and furnaces.
- Steel Solutions Metal fabrication and steel construction services including CNC foam cutting and CNC metal jacketing cutting services in stainless steel, aluminum, and aluminum-coated steel with varying thicknesses and shapes.
- KingCat® PIR Insulation Product Line Pre-formed PIR (Polyisocyanurate) foam insulation product line, precision-cut using CNC foam cutting machines and fitted with metal jacketing, designed for cold and ultra-cold industrial piping and equipment insulation applications with high thermal efficiency, dimensional accuracy, and faster installation at job sites.
- RockCat® Stone Wool Insulation Product Line Pre-formed Stone Wool (mineral wool) insulation product line designed for hot industrial insulation applications, providing thermal insulation, acoustic insulation, and fire resistance for industrial equipment and piping.
Quantifiable outcome
- 6,000,000 safe man hours without Lost Time Injury at Package A1 Olefins Plant, LSP project
- +3 more outcomes
Companies that use Black Cat
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles2 records
Black Cat technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Black Cat partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- AIS-Training (UK)coreBlack Cat established a joint training center with AIS-Training, a leading UK-based scaffolding training provider, in Vung Tau, Vietnam. The center is the first in the world to offer CISRS OSTS Level 4 Scaffolding certification training. This partnership enables Black Cat to provide internationally recognized scaffolding training for the Indo-China region and beyond, with the center passing multiple CISRS annual inspections.
- KingspanminorBlack Cat is an authorized distributor of PIR insulation products from Kingspan, a global leader in insulation materials.
- CarbolineminorBlack Cat holds Carboline certified applicator status for industrial coating products, enabling the company to apply Carboline products on customer projects.
- PromatminorBlack Cat holds Promat certified applicator status for passive fire protection products, enabling certified application of Promat PFP systems.
- JotacharminorBlack Cat holds Jotachar certified applicator status for Jotachar fire protection coatings.
- ISSCO Ltd. (issco.ltd)coreISSCO Ltd. is an affiliated company that provides Steel Solutions services (metal fabrication, steel construction) linked to Black Cat's operations. The company is referenced as a related entity on Black Cat's website and serves as the vehicle for delivering steel solutions services.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Black Cat competitors and assessment
Company assessmentOthers
- RHI Magnesita: Global refractory products manufacturer serving steel, cement, and high-temperature industrial applications. Relevant comparable as the upstream supplier of refractory materials Black Cat installs, and as a benchmark for the industrial refractory services market.
- Promat (Etex): Global manufacturer of passive fire protection systems under the Etex Group. Black Cat holds Promat certified applicator status, making Promat a key material supplier for Black Cat's PFP service line.
- Kingspan: Ireland-based global manufacturer of PIR insulation panels and building envelope solutions. Black Cat is a Kingspan PIR distributor and uses Kingspan material for its KingCat product line, making it both a supplier and an adjacent participant in the industrial insulation value chain.
Broad incumbents
- Bilfinger: European industrial services group providing insulation, scaffolding, PFP, painting, and maintenance to process industries. Operates as a broad incumbent across multiple geographies and end markets, competing for similar scopes on petrochemical and power projects.
- Worley: Australia-based global EPC and energy services company with significant Asia-Pacific operations in oil & gas, petrochemical, and energy transition projects. Engages specialty contractors like Black Cat on its projects and represents a primary client category.
- Layher: Germany-based global manufacturer and service provider of modular scaffolding systems with widespread use in industrial construction and maintenance. Relevant comparable given Black Cat's CISRS training accreditation and scaffolding services scope.
Direct peers
- Altrad: France-based global industrial services provider offering scaffolding, insulation, painting, and mechanical services to energy and industrial clients. Comparable to Black Cat's integrated multi-service model, with broader geographic reach and larger balance sheet.
- BrandSafway: Global leader in industrial scaffolding, insulation, and access services for oil & gas, petrochemical, and power projects. Directly comparable to Black Cat's scaffolding and integrated insulation service model, but at significantly greater scale across multiple continents.
Regional players
- Vallianz Holdings: Singapore-based provider of offshore support vessel and offshore engineering services to the oil & gas industry in Southeast Asia. Comparable regional peer serving similar upstream and offshore customer base in the Indo-China region.
- MTQ Corporation: Singapore-based industrial services group providing scaffolding, insulation, and maintenance services primarily to offshore oil & gas clients across Southeast Asia. Most direct regional peer to Black Cat in terms of geography and end-market focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Black Cat social profiles
Digital presenceBlack Cat compliance and trust
Trust signalCompliance5 records
Black Cat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Black Cat leadership team
Management profileNumber of profiles
Black Cat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Black Cat M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Black Cat
What does Black Cat do?
Black Cat provides integrated industrial services covering thermal insulation (hot and cold, including proprietary KingCat PIR and RockCat Stone Wool products), scaffolding, blasting and painting, passive fire protection (cementitious and Pyro-Bloc), refractory installation, and steel solutions. Projects are awarded through direct tendering with EPC contractors and asset owners in oil and gas, petrochemical, power generation, marine, and general industrial sectors.
Is Black Cat a public or private company?
Black Cat is a public company. It is classified as public and is currently operating.
When was Black Cat founded?
Black Cat was founded in 2011. It employs 251 to 500 people.
Where is Black Cat based?
Black Cat is headquartered in Vung Tau, Vietnam, in the Asia region.
How does Black Cat make money?
Seven revenue lines are on record. Industrial Insulation Services are the primary driver. The others are scaffolding Services, blasting and Painting Services, passive Fire Protection (PFP) Services, refractory Services, steel Solutions and kingCat and RockCat Proprietary Insulation Products.
Who are Black Cat's main competitors?
Others on record are RHI Magnesita, Promat (Etex) and Kingspan. Broad incumbents are Bilfinger, Worley and Layher. Direct peers are Altrad and BrandSafway. Regional players are Vallianz Holdings and MTQ Corporation.
Does Black Cat have an API?
No public API is recorded for Black Cat.
What industry is Black Cat in?
Black Cat's product category is Industrial Insulation & Construction Services. Its primary akta.pro industry code is IMAIAKAI, Corrosion Control & Cathodic Protection Services, with a secondary code of IMADACAI, Steel Grating, Catwalks & Safety Platforms. Its NAICS code is 238310 and its SIC code is 3444.