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VEEM reports record financial results for FY24: NPAT soars by 70% to $7M

VEEM, a prominent designer and manufacturer of high-technology marine propulsion and stabilisation systems, has announced record financial results for the year ending 30 June 2024. 

VEEM secures new Singapore shipbuilding client, to supply gyrostabilisers for vessels

Australian marine systems manufacturer VEEM Limited has executed an agreement with Singapore-based Strategic Marine for the latter to employ small and medium size VEEM gyrostabilisers exclusively on the vessels it builds. 
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Building resilience as manufacturing requirements become more complex

The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.