APB Resources

What APB Resources does

APB Resources Berhad is a Bursa Malaysia-listed investment holding company (KLSE: APB) whose primary operating subsidiary, Amalgamated Metal Corporation (M) Sdn. Bhd. (AMCSB, founded 1982), fabricates specialized process equipment for industrial customers. Through its Subang and Kuantan manufacturing facilities (70,000 sqm of total land and 35,000 sqm of built-up factory floor in Kuantan alone), AMCSB produces pressure vessels, shell-and-tube heat exchangers, columns, reactors, HRSGs, steam drums, and related process equipment, working from carbon steel through to exotic alloys such as incoloy, inconel, monel, and hastelloy. The company holds ASME U, U2, and S stamps (since 1997) plus PED, ISO 9001:2015, ISO 3834-2:2005, and Malaysian DOSH registrations, enabling it to serve regulated pressure-equipment buyers in petrochemical, oil and gas, oleochemical, power generation, and food and beverage end markets both domestically and internationally.

The business operates a project-based, B2B equipment fabrication model: AMCSB engages directly with multinational corporates and international engineering contractors on custom, quote-priced contracts that typically encompass design, fabrication, and delivery of bespoke process equipment. Revenue is recognized on a project or one-time-contract basis rather than recurring subscription or volume licensing. Two smaller wholly-owned subsidiaries, Era Julung Sdn. Bhd. and Era Naqi Malaysia Sdn. Bhd. (formerly Finned Tubes Malaysia), complement the core fabrication business. The company has 251–500 employees and is headquartered in Shah Alam, Selangor, with its principal heavy-fabrication footprint in Kuantan, Pahang.

In June 2023, Dato' Koon Poh Tat, co-founder of Press Metal Aluminium Holdings Berhad, acquired a 5.73% substantial-shareholder stake and new board members were appointed, followed by the appointment of Yee Voon Hon as Executive Managing Director alongside governance reforms that merged the Audit and Risk Management Committees. The share price moved up approximately 30% following the announcement, signaling market reassessment of the company's strategic direction under refreshed leadership and a credible industrial sponsor.

Name

APB Resources

Legal name

APB Resources Berhad

Website

https://apb-resources.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

251–500 employees

Short description

APB Resources Berhad is a Malaysian-listed investment holding company whose subsidiary AMCSB fabricates ASME-certified pressure vessels, heat exchangers, columns, and process equipment for multinational and engineering contractor clients in petrochemical, oil and gas, oleochemical, power, and food and beverage industries.

Ownership category

akta.pro rank

Product category

Industrial Process Equipment Manufacturing

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Engineering Services (541330)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389), General Industrial Machinery & Equipment, Nec (3569)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

Keywords

• Process equipment fabrication
• Pressure vessel manufacturing
• Heat exchanger fabrication
• Petrochemical equipment supply
• ASME certified fabrication

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Equipment Fabrication: Custom fabrication of specialized design process equipment for petrochemical, chemical, oleochemical, oil and gas, power, and food & beverage industries. Revenue generated through project-based contracts for pressure vessels, heat exchangers, columns, reactors, and other process equipment. Services include complete turnkey projects.
2. Engineering Contracting Services: Full-service engineering fabrication and contracting services including design, manufacturing, and delivery of equipment.
3. Investment Holding: Parent company serves as investment holding entity for subsidiaries including Amalgamated Metal Corporation (M) Sdn. Bhd. (AMCSB), Era Julung Sdn. Bhd., and Era Naqi Malaysia Sdn. Bhd.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

APB Resources Berhad is an investment holding company whose primary operating subsidiary, Amalgamated Metal Corporation (M) Sdn. Bhd. (AMCSB), designs and fabricates specialized process equipment including shell and tube heat exchangers, pressure vessels, columns, and reactors for the petrochemical, oleochemical, oil and gas, power generation, and food and beverage industries. The company manufactures from carbon steel to exotic alloys (incoloy, inconel, monel, hastelloy) and provides turnkey engineering fabrication and contracting services, including equipment delivery, from facilities in Subang and Kuantan, Malaysia.

Product overview

APB Resources Berhad is an investment holding company whose primary operating subsidiary is Amalgamated Metal Corporation (M) Sdn. Bhd. (AMCSB), an ASME-certified fabrication company incorporated in 1982. AMCSB specializes in the design and fabrication of specialized process equipment including shell and tube heat exchangers, pressure vessels, and custom process equipment for the petrochemical, oleochemical, oil and gas, power generation, and general industries. The company's product portfolio spans upstream oil and gas separation equipment, refinery and petrochemical processing columns and reactors, heat recovery steam generators for power plants, and general industrial equipment such as agitators, hoppers, and rotary kilns. AMCSB operates manufacturing facilities in Subang and Kuantan, Malaysia, with extensive workshop capabilities including CNC machining, rolling, welding, and heat treatment services. The company manufactures from carbon steel to exotic materials (incoloy, inconel, monel, hastelloy, high chrome nickel alloys) and holds multiple ASME stamps (U, U2, S) and PED certifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Amalgamated Metal Corporation (M) Sdn. Bhd. (AMCSB) Fabrication Services ASME-certified fabrication subsidiary specializing in the manufacture of pressure vessels, heat exchangers, and specialized process equipment for petrochemical, oil and gas, power, and general industries.
• Shell & Tube Heat Exchangers Manufactures various types of shell and tube heat exchangers using carbon steel, chrome molly, stainless steel (304L, 316L, 317L, 904L), Monel, nickel alloy, and copper nickel materials for industrial process plants.
• Oil & Gas Process Equipment Fabricates production separators, slug catchers, condensate stabilizers, scrubbers, KO drums, electrostatic coalescers/treaters, multi-cyclone scrubbers, mercury removal beds, hydrocyclones, filter separators, and launcher/receiver equipment for upstream oil and gas applications.
• Petrochemical & Chemical Equipment Manufactures stripping columns, absorbing columns, scrubbing columns, cryogenic vessels, reactors with internal and external coils, CR-MO reactors, reboilers, and polymerizer reactors for petrochemical and chemical processing plants.
• Oleochemical Equipment Fabricates fractionation columns, clad splitting columns, prehe exchangers, hydrogenation reactors, and distillation stills for the oleochemical industry.
• Power Generation Equipment Manufactures heat recovery steam generators (HRSG), HP/IP/LP steam drums, HRSG casings, steam condenser casings, feed water tanks, deaeration units, steam condensers for desalination plants, hydro power plant draft tubes, and stator/generator casings.
• General Industry Products Produces rotary kiln components, large diameter fabricated rubber lined pipe spools, aluminum products, custom agitators, general agitator mixers, food mixers, flare stacks, rotary valves, and hoppers.
• Equipment & Machinery Services Provides CNC laser cutting, water jet cutting, CNC cutting, CNC drilling, vertical turning, milling, rolling, welding, and heat treatment services with equipment including 5M diameter vertical lathe machines, post-weld heat treatment furnaces, and 350-ton crawler cranes.
• Equipment Delivery Services Offers logistics and delivery services for large equipment, utilizing proximity to Kuantan Port (approximately 7km from port of export) for road transport and shipping.

Quantifiable outcome

• Zero Defect Policy - committed to error-free products and timely services

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Deleum Berhad: Malaysian oil & gas services company providing specialized equipment, maintenance, and integrated services to upstream and downstream operators. Comparable as a Malaysian-listed industrial energy services peer serving overlapping oil & gas customers.
• Sapura Energy Berhad: Malaysian-listed integrated oil & gas services company with operations across drilling, energy services, and engineering & construction. Comparable as a Malaysian-listed industrial energy peer, though more focused on upstream services and EPC than equipment fabrication.

Broad incumbents

• Alfa Laval: Swedish-listed global leader in heat transfer, separation, and fluid handling equipment serving petrochemical, oil & gas, and power customers. Comparable as a major global shell-and-tube heat exchanger and process equipment manufacturer with overlapping product categories.
• Chart Industries: US-listed global leader in cryogenic and heat-transfer process equipment for LNG, petrochemical, and industrial gas applications. Comparable as a larger, publicly-listed process equipment manufacturer with overlapping heat-exchanger and pressure-vessel product lines.
• Babcock & Wilcox Enterprises: US-listed provider of steam generation and environmental equipment for power and industrial markets, including HRSGs, boilers, and pressure parts. Comparable given APB's HRSG pressure parts, steam drums, and power generation equipment fabrication capabilities.
• Larsen & Toubro (L&T) Heavy Engineering: Indian conglomerate with a heavy-engineering division that fabricates process equipment, pressure vessels, and reactors for global oil & gas and petrochemical customers. Comparable as a large Asian fabricator competing for similar EPC-led projects in oil & gas and petrochemical.

Emerging players

• Holtec International: US-headquartered heavy fabricator of pressure vessels, heat exchangers, and nuclear/industrial process equipment. Comparable given overlapping ASME-certified heavy fabrication capabilities and process-equipment serving energy customers.
• Hisaka Works Ltd: Japanese manufacturer specializing in plate heat exchangers and process equipment for chemical, petrochemical, and food industries. Comparable in heat-exchanger manufacturing for overlapping process industry customers, though smaller and more niche than APB.

Direct peers

• KNM Group Berhad: Malaysian-listed process equipment fabricator providing pressure vessels, heat exchangers, columns, and reactors for oil & gas, petrochemical, and power customers worldwide. KNM is the closest direct peer to APB given overlapping product portfolio, Malaysian base, and EPC customer base.
• Kelvion (formerly SPX Heat Transfer): German-headquartered global manufacturer of heat exchangers, pressure vessels, and process cooling equipment for oil & gas, petrochemical, and power industries. Directly comparable to APB's shell-and-tube heat exchanger and pressure vessel product lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/apb-resources-berhad

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about APB Resources