What Hiap Teck Venture does

Hiap Teck Venture Berhad (HTVB; KLSE: Hiap Teck; incorporated 1993, listed on the Main Board of Bursa Malaysia in 2003) is a Malaysian public-listed diversified steel group operating through four wholly-owned subsidiaries and a minority joint venture. The wholly-owned subsidiaries are Alpine Pipe Manufacturing Sdn Bhd (the largest Electric Resistance Welded steel pipe and tube maker in Malaysia at an estimated ~25% domestic market share), Huatraco Scaffold Sdn Bhd (scaffolding and formwork under the Huatraco brand, supplemented by inbound licences from France for heavy shoring/modular systems and from Australia for the Perimeter Safety Screens System), Hiap Teck Hardware Sdn Bhd (a "One Stop Steel Centre" trading division distributing both group-manufactured and third-party steel products), and Briliant Decade Transport Agency Sdn Bhd (a logistics arm operating a 6-to-60-tonne fleet with GPS tracking).

The group's upstream exposure is held indirectly through a 27.3% interest in Eastern Steel Sdn Bhd, which operates Malaysia's only fully integrated iron-ore-based blast furnace steel mill on a 1,209-acre site in Kemaman, Terengganu. Eastern Steel uses 95% iron ore and 5% scrap (versus the more common scrap-based electric arc furnace route), producing steel slabs and billets with lower impurity content and lower unit cost than EAF competitors. The Kemaman complex is supported by a 55MW captive power plant (commissioned October 2019) and a 400,000-tonne coke oven plant (first 100,000 tonnes in June 2021, second in October 2021, additional 200,000 tonnes targeted for Q2 2022). Eastern Steel operates under a controlling partnership with Shanxi Jianlong Industry Co Ltd (68.8%), whose parent Beijing Jianlong Heavy Industry Group is a Fortune Global 500 steelmaker; Chinaco Investment Pte Ltd holds the remaining 3.9%. Eastern Steel has historically operated at 110%+ of rated capacity and contributes approximately 40% of Hiap Teck's bottom line via equity-method profits.

Hiap Teck generates revenue through commodity-priced hardware sales of manufactured steel products, trading margins on distributed third-party and group-manufactured steel, logistics fees, and equity-method profit contributions from Eastern Steel. For the financial year ended 31 July 2025, the group reported revenue of RM1,438 million and Profit Before Tax of RM105 million, against RM1,683 million revenue and RM117 million PBT in FY2024. End-markets span construction, infrastructure (LRT/MRT, highways), oil and gas, water reticulation, manufacturing, power plants, ship building, and furniture. Manufacturing is concentrated in Klang, Selangor near Port Klang; approximately 70% of Eastern Steel output is exported (China ~30%, Indonesia, Thailand, Taiwan combined ~40%), with domestic distribution via direct sales, the Hiap Teck Hardware dealer network, and Sabah-focused partnerships (Jetama Alpine Pipe with the Sabah state-government-linked Jetama Sdn Bhd, and 100%-owned Huatraco Scaffold (Sabah)). Other noted markets include Vietnam, India, the Philippines, and South Korea. The group holds CIDB, SIRIM, MS 1462, ISO 9001, API Spec Q1, and MS ISO/IEC 17025 certifications across construction, scaffolding, and oil-and-gas applications.

Name

Hiap Teck Venture

Legal name

Hiap Teck Venture Berhad

Website

https://htgrp.com.my

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hiap Teck Venture Berhad (KLSE) is a Malaysian-listed diversified steel group manufacturing ERW pipes (Alpine Pipe), scaffolding (Huatraco), and trading steel products (Hiap Teck Hardware), with a 27.3% JV in Eastern Steel, Malaysia's only integrated blast furnace steel mill. It serves construction, oil & gas, water, and infrastructure markets.

Ownership category

akta.pro rank

Product category

Steel Products Manufacturing and Distribution

NAICS

Fabricated Pipe and Pipe Fitting Manufacturing (332996), Fabricated Structural Metal Manufacturing (332312)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Sheet Metal Work (3444)

akta.pro primary industry

Steel Plate, Sections & Welded Assemblies (IMADACAD)

Keywords

• Steel pipe manufacturing
• Scaffolding and formwork
• Integrated steel mill
• Steel product trading
• Blast furnace production

Headquarters

HQ city

Klang

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Manufacturing - Steel Pipes: Revenue from manufacturing and distribution of steel pipes, hollow sections through Alpine Pipe Manufacturing Sdn Bhd, one of the largest steel pipe manufacturers in Malaysia commanding approximately 25% market share
2. Manufacturing - Scaffolding: Revenue from manufacturing and distribution of scaffolding equipment and accessories, formwork products under Huatraco brand through Huatraco Scaffold Sdn Bhd
3. Trading - Steel Products: Revenue from trading wide range of steel products including those manufactured by subsidiaries through Hiap Teck Hardware Sdn Bhd, positioned as One Stop Steel Centre
4. Joint Venture - Eastern Steel: Profit contribution from 27.3%-owned Eastern Steel Sdn Bhd, an integrated iron and steel mill producing steel slabs and billets, contributing approximately 40% to Hiap Teck's bottom line
5. Logistics Services: Revenue from transportation and logistics services through Briliant Decade Transport Agency Sdn Bhd, operating fleet of trucks from 6 to 60 tonnes with GPS tracking

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Hiap Teck Venture Berhad is an integrated Malaysian steel group that manufactures, distributes and trades steel products across the upstream and downstream value chain. Its subsidiaries produce steel pipes and tubes (Alpine Pipe), scaffolding and formwork systems (Huatraco), and upstream steel slabs and billets via a blast furnace plant (Eastern Steel JV), while its trading arm Hiap Teck Hardware operates as a one-stop steel centre serving construction, infrastructure, oil and gas, water, manufacturing, shipbuilding, power and furniture customers in Malaysia and export markets.

Product overview

Hiap Teck Venture Berhad is a diversified steel company offering a comprehensive product portfolio through multiple wholly-owned and joint venture subsidiaries. The company operates as an integrated steel player with upstream operations through Eastern Steel (producing steel slabs and billets via blast furnace) and downstream operations through Alpine Pipe Manufacturing (producing steel pipes and tubes) and Huatraco Scaffold (producing scaffolding and formwork products). The trading division, Hiap Teck Hardware, serves as a 'One-Stop Steel Centre' distributing the group's products alongside other steel products. Logistics support is provided by Briliant Decade Transport. The company serves multiple sectors including infrastructure, furniture, ship building, oil & gas, water reticulation, power plant, and construction.

Differentiator

Problem solved

Functional benefit

Brands

• Alpine Pipe: Electric Resistance Welded steel pipes and tubes brand under Alpine Pipe Manufacturing Sdn Bhd, recognised as the premier and largest ERW steel pipe manufacturer in Malaysia.
• Huatraco

Quantifiable outcome

• Eastern Steel operational efficiency improved to 117% of rated capacity
• +4 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Shanxi Jianlong Industry Co Ltd (Beijing Jianlong Group)coreStrategic or Co-development Partner · 1 January 2018Strategic joint venture partner in Eastern Steel Sdn Bhd with 68.8% ownership (diluted from 60%). Shanxi Jianlong, whose parent Beijing Jianlong Heavy Industry Group Co Ltd is a Fortune Global 500 company and top 5 steel maker in China. Partner brought technological expertise, financing for expansion, and operational turnaround that enabled ESSB to resume production in 2018 and achieve profitability. Injected RMB500 million (RM325.6 million) capital in 2021.
• Chinaco Investment Pte LtdminorStrategic or Co-development PartnerMinority partner in Eastern Steel Sdn Bhd with 3.9% stake (diluted from 5%). Part of the joint venture structure alongside Hiap Teck and Shanxi Jianlong.
• Jetama Sdn Bhd (Sabah State Government)coreStrategic or Co-development PartnerJoint venture with Jetama Sdn Bhd (indirectly wholly owned by Sabah state government through Kota Kinabalu Water Sdn Bhd/Sabah Development Bhd). JV company Jetama Alpine Pipe (Sabah) Sdn Bhd is 49% owned by Alpine Pipe Manufacturing. Jetama provides local market knowledge and government connections while Alpine Pipe supplies products and technical expertise for water pipe market penetration in Sabah.
• Huatraco Scaffold (Sabah) Sdn BhdcoreChannel Partner/ Reseller/ Distributor100%-owned subsidiary established in March 2021 to penetrate Sabah scaffolding equipment market and promote collaboration with local Sabah corporations. Represents expansion strategy into East Malaysia markets.
• Angang Group Hong Kong Co LtdminorStrategic or Co-development PartnerExploratory partnership discussions in 2016 to help revive Eastern Steel's Kemaman plant, but negotiations took too long and parties failed to enter definitive agreement. Eventually replaced by Shanxi Jianlong partnership.
• Kementerian Kerja Raya Malaysia (Ministry of Works)coreOthersCollaborative partner for industrial seminars on pipe and scaffolding engineering. Jointly conducted seminars to educate contractors, consultants, and industry professionals on compliance with structural Eurocodes and Malaysian standards.

Scale indicators13 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• PERI Group: German-headquartered global leader in formwork and scaffolding systems with regional distribution across Southeast Asia. Comparable as a global incumbent competing with Huatraco's licensed-from-France shoring and modular systems portfolio.
• Tata Steel Limited: Global integrated steel major with broad flat and long steel product portfolio. Comparable as a large incumbent steelmaker whose products and pricing in regional markets directly influence Malaysian steel economics for Hiap Teck.
• BrandSafway (scaffolding): One of the largest global scaffolding and access solutions providers with broad industrial and commercial exposure. Comparable as a competing scaffolding/formwork brand targeting the same Malaysian and regional construction customer base as Huatraco.

Direct peers

• CSC Steel Holdings Berhad: CSC Steel operates a hot-rolled coil mill in Malaysia under the China Steel Corporation group, directly overlapping with Eastern Steel's slabs/HRC product scope. Comparable as a Malaysian-based flat-products producer competing for the same domestic customer base.
• Ann Joo Steel Berhad: Malaysian-listed integrated steel manufacturer producing billets, bars, and wire rods with downstream processing. Directly comparable as a domestic steelmaker of similar scale competing for the same Malaysian construction, infrastructure, and manufacturing customers.
• Mycron Steel Berhad: Malaysian-listed producer of cold-rolled and galvanised steel products. Comparable as a Malaysian-based steel manufacturer supplying construction and manufacturing sectors with downstream flat products.
• Lion Industries Corporation Berhad: Malaysian-listed diversified steel group with interest in hot-rolled coil, cold-rolled coils, and downstream steel products. Directly comparable as a domestic integrated flat-steel and downstream steel products competitor.
• Malaysia Steel Works (KL) Bhd: Long-established Malaysian steelmaker producing billets, bars, and wire rods under the MYSWK brand. Comparable as a domestic competitor serving Malaysian construction and infrastructure markets with long steel products.

Others

• Eastern Steel Sdn Bhd (JV partner view): Joint venture partner entity — Shanxi Jianlong (parent: Beijing Jianlong Group) holds 68.8%. Adjacent/related party rather than direct competitor; relevant because parent Shanxi Jianlong is a top-5 Chinese steelmaker and Hiap Teck's expansion is structurally linked to this partner's capabilities.

Regional players

• Ann Joo Resources (scaffolding/steel services segment): Scaffolding and steel services arms of regional Malaysian steel groups. Comparable as Malaysia-headquartered scaffolding competitors to Huatraco, though typically smaller scale and less vertically integrated.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Hiap-Teck-Venture-Berhad-107045548459431

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 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 Hiap Teck Venture