Presentation from VEEM Managing Director Mark Miocevich
VEEM is a precision marine technology disruptor with 50+ years’ experience & world-class WA-based manufacturing facilities. Market capitalisation of ~$60m –
- VEEM is the leading player in the gyrostabilizer industry, having recently sold the world’s largest gyro to large European shipbuilder, Damen Shipyards.
- It is the recognised global leader in propeller manufacturing through its features and designs
- Traditional engineering business underpins growth, is profitable and has long-term agreements in place including a $9m order from the ASC for submarine components
- Constantly focused on innovation and improving manufacturing processes to remain the market leader
From modest beginnings as a small engineering services company specializing in the repair and dynamic balancing of drive shafts, engines and other rotating equipment, VEEM Ltd is a proud family business with a strong European work ethic that has grown to become a premium manufacturer of sophisticated equipment for the marine, aerospace, defence and oil and gas industries.
The video celebrates VEEM Ltd’s induction into the FBA Hall of Fame, in recognition of Elizabeth Miocevic and previous generations of the family.
The edited VEEM Ltd. video has been featured on Family Business Australia’s social media.
The original video was revealed to a capacity audience at the FBA (WA) Hall of Fame Gala Event, Nov. 2016.