Keppel Corporation Ltd. | Introduction
Introduction
1 HarbourFront Avenue, Suite 18-01 Keppel Bay Tower
Singapore 098632
Singapore
Telephone: +65 6270 6666
Fax: +65 6413 6391
Web site: http://www.kepcorp.com
Public Company
Incorporated: 1968 as Keppel Shipyard (Pte) Ltd.
Employees: 22,186
Sales: SGD 3.96 billion ($2.42 billion) (2004)
Stock Exchanges: Singapore
Ticker Symbol: KPP
NAIC: 336611 Ship Building and Repairing; 237210 Land Subdivision; 334210 Telephone Apparatus Manufacturing; 483211 Inland Water Freight Transportation; 517110 Wired Telecommunications Carriers; 522110 Commercial Banking; 541330 Engineering Services; 551112 Offices of Other Holding Companies
Keppel Corporation Ltd. is one of Singapore's leading and most diversified conglomerates. The publicly listed company, long controlled by the Singapore government, has undergone a thorough restructuring into the mid-2000s, and as a result has refocused on three core areas of operation: Offshore & Marine; Property; and Infrastructure. Offshore & Marine represents the company's largest component, generating some 61 percent of the group's SGD 3.96 billion ($2.4 billion) in 2004 revenues. Offshore & Marine includes subsidiaries Keppel FELS and Keppel Shipyard, and ranks among the world's largest shipbuilders and is the world leader in the construction of jack-up rigs for the offshore oil industry. Keppel Offshore & Marine operates from 16 shipyards located in Singapore, the United States, Norway, The Netherlands, the Philippines, Brazil, Azerbaijan, Kazakhstan, and the United Arab Emirates. Keppel's Property division, represented by Keppel Land Ltd., is a leading property developer primarily active in the Asian region, including in Singapore, China, Thailand, Vietnam, Hong Kong, Indonesia, Malaysia, the Philippines, South Korea, Myanmar, Thailand, and Vietnam, as well as in Australia. The group's total assets portfolio is worth more than SGD 5 billion. The company's Infrastructure division encompasses businesses active in engineering, power generation, and network systems, including the group's Keppel Telecommunications & Transportation Ltd. (Keppel T&T), active in the cellular and microwave communications markets. Before Keppel's restructuring, the largest part of the company's revenues came from its Investments division, which included a 49 percent stake in Singapore Petroleum Company. The divestment of these holdings cut the group's annual revenues by some two-thirds. Keppel is listed on the Singapore Stock Exchange.