VEEM Ltd is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defence industries.
VEEM’s market-leading Gyrostabilizers significantly reduce the rolling motion of vessels in waves, increasing on-sea time and improving personnel safety and efficiency in a wide range of ocean conditions.
VEEM is the world’s only commercial volume manufacturer of fully CNC machined monobloc propellers, enabling previously unattainable high speeds, low vibrations, low noise and reduced fuel consumption for marine vessels.
VEEM Forever Pipe is a highly innovated piping solution for the processing industry that brings a scale of magnitude increase in usable life with the advantage of wear measured throughout its life for increase safety and planned maintenance scheduling.
VEEM manufactures high technology bespoke components for the Defence, Mining and Processing industries.
VEEM consistently generates essential profits, cash flow and dividends while also reinvesting in research and development for new products and processes.
VEEM is proudly headquartered in Perth, Western Australia, operating from a 14,700 sqm purpose-built fabrication and manufacturing facility, including Australia’s largest non-ferrous foundry. VEEM employs approximately 200 staff in Australia, including graduates and apprentices, and maintains a highly-skilled research and development team in-house. Celebrating its 50th anniversary in business in 2018, VEEM listed on the Australian Securities Exchange in 2016.