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