Muhibbah Engineering

What Muhibbah Engineering does

Muhibbah Engineering (M) Bhd is a Malaysian-domiciled, Bursa Malaysia Main Market-listed (since 1994) diversified engineering construction group operating across marine, oil & gas, infrastructure, crane manufacturing, shipbuilding, fabrication, airport support, and concession businesses. Incorporated in 1972 and headquartered in Klang, Selangor, the company runs 18+ wholly-owned subsidiaries and one separately-listed associate (Favelle Favco Berhad), with operational presence in 14+ countries spanning Asia, the Middle East, Oceania, Europe, and North America. Its core technology stack combines a wholly-owned shipyard and fabrication yard in Port Klang with multi-product manufacturing lines for cranes (Favelle Favco and Kroll brands), patented CiBAS Waste Heat Recovery Units (via CiTECH Energy Recovery Systems), steel structures, and shipbuilding (supply vessels, tankers, anchor-handling tugs) at the wholly-owned shipyard.

The company earns revenue through six distinct streams: project-based construction contracts (infrastructure, marine, oil & gas EPCIC) awarded via competitive tender; crane hardware sales through Favelle Favco's global network; shipbuilding and repair at the Port Klang yard; EPCIC services for offshore platforms, wellhead platforms, gas terminals, and LNG facilities; sales and service of CiBAS WHRUs; and recurring concession income from airport and road maintenance assets (Phnom Penh Airport, Roadcare). Customer concentration skews toward large enterprise and government buyers — notably PETRONAS Carigali, Petronas LNG Complex, Petrofac Malaysia, QatarEnergy LNG, Westports, Malaysia Airports, and various Malaysian government agencies — with pricing determined through competitive bidding on a project basis rather than standardized tiers.

Name

Muhibbah Engineering

Legal name

Muhibbah Engineering (M) Bhd

Website

https://muhibbah.com

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Muhibbah Engineering (M) Bhd is a Malaysian-listed diversified engineering construction group delivering marine, oil & gas EPCIC, infrastructure, crane manufacturing, shipbuilding, fabrication, waste heat recovery, and concession services to governments and large enterprises across 14+ countries.

Ownership category

akta.pro rank

Product category

Engineering Construction Services

NAICS

Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923), Material Handling Equipment Manufacturing (33392), Construction Machinery Manufacturing (333120), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Construction Machinery & Equip (3531), Oil & Gas Field Machinery & Equipment (3533), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro industry

PRIMARYIMAJALAD

Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists)

Industrials, Manufacturing & Construction/Marine & Shipbuilding/Shipyards & Drydock Infrastructure (Facilities, Lifting, Docking Systems)

SECONDARYEUAMAFAJ

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable EPC & Construction (Balance of Plant)

SECONDARYIMAHABAE

Cranes, Hoists & Overhead Material Handling (Industrial)

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Material Handling & Logistics Equipment

SECONDARYEUAEAAAF

Wind Power Plant EPC (Onshore/Offshore)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

SECONDARYEUAEADAI

Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

Keywords

• Engineering construction services
• Offshore oil and gas EPCIC
• Marine and port construction
• Crane manufacturing and supply
• Shipbuilding and fabrication

Headquarters

HQ city

Klang

HQ country

Malaysia

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure & Building Construction: Revenue generated from construction contracts for infrastructure projects including bridges, highways, buildings, dams, ports, and industrial infrastructure both domestically and internationally.
2. Crane Manufacturing & Sales: Manufacture and sale of cranes for oil & gas industry and construction industry through associated company Favelle Favco Group, including offshore and onshore cranes under brands Favelle Favco and Kroll Cranes.
3. Shipbuilding & Ship Repair: Revenue from construction and repair of vessels including supply vessels, tanker vessels, buoy tender vessels, and specialized marine craft at the wholly-owned shipyard in Port Klang.
4. Oil & Gas Engineering Services: EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) services for offshore platforms, wellhead platforms, gas terminals, and LNG facilities for major oil & gas clients.
5. Waste Heat Recovery Systems: Sale and service of CiBAS Waste Heat Recovery Units for offshore oil and gas platforms through CiTECH Energy Recovery Systems.
6. Concession Operations: Revenue from airport and road concessions including Phnom Penh Airport and road maintenance operations through Roadcare (M) Sdn Bhd.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Muhibbah Engineering is a diversified engineering construction group delivering integrated EPCIC services for offshore oil & gas platforms, marine and port construction, infrastructure and building works, crane manufacturing through its associate Favelle Favco Group (Favelle Favco and Kroll Cranes brands), shipbuilding and ship repair at its wholly-owned Port Klang shipyard, steel fabrication, airport and airline support facilities, and proprietary waste heat recovery systems via CiTECH under the CiBAS brand. The group also operates airport and road concessions and provides defense/security marine solutions.

Product overview

Muhibbah Engineering (M) Bhd is a diversified engineering conglomerate offering a broad portfolio of integrated engineering construction services. The company operates across multiple segments including Infrastructure & Building Works, Oil & Gas (EPCIC), Marine & Port Construction, Crane manufacturing (via associate Favelle Favco Group), Fabrication Works, Shipbuilding, Airport & Airline Support Facilities, Waste Heat Recovery Systems (via CiTECH), Defense & Security, Concession operations, and Other Related Works such as offshore windpark services. Key brands include CiBAS WHRU for waste heat recovery, Kroll Cranes and Favelle Favco for crane manufacturing, and CJ66 Fast Interceptor Craft for defense. The company also offers specialized floating regas units for offshore LNG applications. These products and services are delivered through multiple wholly-owned subsidiaries and associate companies, with operations spanning Asia, Middle East, Oceania, Europe, and North America.

Differentiator

Problem solved

Functional benefit

Brands

• CiBAS: CiBAS WHRU - Waste Heat Recovery Unit specifically developed for the offshore oil and gas industry as an all-in-one package with built-in silencer and bypass sleeve.
• Favelle Favco
• Kroll Cranes

Products and services

• Infrastructure & Building Works

Quantifiable outcome

• 30-50% reduction in weight and space envelope
• +1 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• MASTER-PACK Group BerhadminorStrategic or Co-development Partner · 27 March 2025Acquisitions of ordinary shares in MASTER-PACK Group Berhad as part of investment strategy.
• PTL Holding Company Limited and OSD Holding Sole Co. Ltd.minorStrategic or Co-development Partner · 14 September 2022Shareholders agreement entered for strategic cooperation in connection with group operations.
• Roadcare (M) Sdn BhdminorStrategic or Co-development Partner · 1 January 200121% equity stake held by Muhibbah for privatization of Federal road maintenance in central region from Government of Malaysia.
• Favelle Favco GroupcoreTechnology or IntegrationAssociated company that manufactures cranes for oil & gas industry and construction industry, providing offshore and onshore cranes under Favelle Favco and Kroll Cranes brands. Favelle Favco Berhad is separately listed on Bursa Malaysia Second Board.
• CiTECH Energy Recovery Systems Malaysia Sdn BhdcoreTechnology or IntegrationMember of Muhibbah Group and acknowledged leading supplier of Waste Heat Recovery Units (WHRUs) for offshore oil and gas industry. Developed CiBAS WHRU with patented design.
• Petronas CarigalicoreStrategic or Co-development PartnerMajor client for oil and gas engineering, procurement, construction, installation and commissioning (EPCIC) projects including wellhead platforms, integrated oil projects, and module fabrication.
• Petronas LNG ComplexcoreStrategic or Co-development PartnerLong-term client for LNG regasification facilities, BOG reliquefaction plants, and related infrastructure at MLNG Bintulu complex.
• Petrofac MalaysiacoreStrategic or Co-development PartnerEngineering, Procurement, Construction, Installation (EPCI) contractor for East Cendor Field Development project for Petrofac Malaysia.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Malaysia Marine and Heavy Engineering (MMHE): Malaysian-listed marine and heavy engineering contractor providing offshore structure fabrication, ship repair, and EPCIC services for oil & gas operators. Directly comparable to Muhibbah's shipbuilding yard, offshore platform EPCIC, and Petronas-anchored order book.
• WCT Holdings Berhad: Malaysian construction and property developer with civil engineering, building, and concession operations. Comparable as a fellow Bursa Malaysia-listed contractor pursuing government infrastructure work.
• IJM Corporation Berhad: Diversified Malaysian construction, property, and industry group active in civil engineering, building, and infrastructure concessions. Comparable in size, business mix, and Malaysian government-tender exposure.
• Sunway Construction Group Berhad: Malaysian-listed pure-play construction company delivering building, infrastructure, and foundation works. Comparable as a Malaysian construction peer with similar government and private tender base.
• Sapura Resources Berhad: Malaysian-based energy services group with exposure to offshore O&G services and fabrication. Comparable through overlapping Malaysian upstream services and EPCIC positioning.
• Favelle Favco Berhad: Directly-owned crane manufacturing subsidiary of Muhibbah that is itself separately listed on Bursa Malaysia. The closest direct peer because the two entities share ownership, brands (Favelle Favco, Kroll Cranes), and global crane distribution.
• Gamuda Berhad: Large Malaysian engineering and construction group with infrastructure (tunnels, highways), water treatment, and property development operations. Comparable as a diversified Malaysian construction peer competing for similar government infrastructure tenders.

Broad incumbents

• Keppel Corporation Limited: Singapore-listed conglomerate with offshore & marine (Keppel Offshore & Marine) and infrastructure operations. Comparable as a broader Southeast Asian incumbent offering offshore construction, ship repair, and infrastructure solutions that overlap with Muhibbah's portfolio.
• Liebherr-International AG: Swiss-headquartered global manufacturer of heavy lifting equipment including maritime, crawler, and tower cranes. Comparable as a broad incumbent in the crane manufacturing segment where Muhibbah's Favelle Favco and Kroll brands compete.
• Samsung Heavy Industries: Korean shipbuilder and offshore platform EPC contractor with global yard capacity. Comparable as a large incumbent shipbuilder and offshore contractor; already an existing customer of Muhibbah's Kroll cranes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/MuhibbahEng

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries19 records

Funding overview

Funding rounds

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 Muhibbah Engineering