f9d industry engineering founded 1828 1828 headquarters singapore products energy related engineering water & wastewater engineering real estate solutions geo spatial technology revenue sgd 513.7 million fy2014 website boustead singapore limited homepage boustead singapore limited sgx f9d is a global infrastructure related engineering services and geo spatial technology group listed on the singapore exchange . headquartered in singapore the company s core businesses are in the development of key infrastructure which supports economic growth in the public and private sectors of emerging markets . the group s engineering divisions specialise in energy related engineering water & wastewater engineering and industrial real estate solutions . boustead also has a geo spatial technology arm which distributes esri geographic information systems to major markets across australia and south east asia . boustead is listed on the msci global small cap index for singapore and the ftse st small cap index . contents 1 history 1.1 early history 1.2 establishment of commodity markets 1.3 shipping and marketing business 1.4 war and restructuring 1.5 new leadership 1.6 establishment of boustead college 2 prominent people associated with boustead s history 3 awards 4 180th anniversary 5 media 6 group structure 7 subsidiaries 7.1 downstream oil & gas 7.2 upstream oil & gas 7.3 solid waste energy recovery 7.4 water & wastewater engineering 7.5 industrial real estate 7.6 geo spatial technology 8 see also 9 references 10 external links history edit early history edit edward boustead an english businessman founded boustead & co in 1828 . the trading company specialised in import and export offering goods such as banca tin spices saps rattan medicinal herbs silk and tea widely available in south east asia in exchange for western products like cloth oil and machinery . with the development of a wide trading network in singapore trade credit and finance became increasingly important to banks merchants manufacturers and traders . boustead & co being one of the largest trading houses of the far east was the first agent for hongkong and shanghai bank in singapore offering banking facilities accepting and discounting bills giving loans and accepting deposits . establishment of commodity markets edit by 1899 singapore had become the world s main exporter of tin . boustead & co played a leading role as promoter and investor in the tin smelting facility on pulau brani constructed by the straits trading company . from that point onwards straits tin became one of the leading businesses of boustead & co. during the late 1880s boustead & co introduced rubber trees into malaysia using seeds germinated by sir henry wickham at london s botanical gardens located in kew . boustead & co went on to be a leading rubber plantation manager and owner in malaysia acting as secretaries registrars and agents for 49 plantations with a total planted area of 141 629 acres 573 km2 . the company played a pioneering role in the development of commodity markets for tin oil rubber and palm oil among other commodities . all of these commodities played important roles in global development and industrialisation . in 1892 boustead handled the first shipment of bulk oil to penang . shortly after the shell trading and transport company was formed . isaac henderson a boustead partner was one of the founding directors of the new company now known simply as shell . boustead & co represented shell in its products including kerosene motor spirit and fuel oil for shipping in singapore and penang along with fabricating many installations for shell s facility on pulau bukom . shipping and marketing business edit by the 1960s boustead & co entered the shipping and insurance business to capture trading opportunities arising from the opening of the suez canal . the company s shipping division was the largest in singapore with 1 000 vessels in port which represented 60 owners and handled 500 000 tonnes per year . boustead represented over 20 major shipping lines and numerous insurance agencies including the renowned lloyd s which boustead represented for more than one century . 1 later on the company diversified into businesses such as estate management marketing and mining . the marketing division was the brand agent responsible for introducing some of the world s greatest brands to singapore and the region . boustead built a reputation as one of the most sought after managing agencies of the far east and distributed and marketed brands such as baileys bacardi cadbury s del monte dornbracht dow consumer products dupont corian gillette hennessy hisamitsu pharmaceutical jacobs manufacturing jim beam jockey johnnie walker kao lloyd s maidenform martini & rossi moet & chandon nestle nissan ovaltine pedigree poggenpohl procter & gamble sandvik shell slazenger smirnoff speedo suzuki thomas cook trebor and villeroy & boch . war and restructuring edit due to major political changes in malaya and singapore the period of 1957 to 1965 saw boustead & co divided into three separate companies in singapore the united kingdom and malaysia . each company carried the same name and was listed on their respective stock exchanges . boustead singapore limited was listed on the singapore stock exchange on 17 october 1975 . after the split boustead singapore lost control of most of the assets and properties which by default went to malaysia due to their geographical presence . however boustead singapore s trading arm held many contracts for the marketing and distribution of consumer goods while the engineering division sought out new markets for its design and project management services . the company was able to grow its business under the leadership of boustead executives who had been with the company for a long time . the nature of the company s businesses in singapore also began to change with activities focused mainly on manufacturing and technical services . new leadership edit in 1996 wong fong fui bought over boustead singapore with the company centering its core operations on infrastructure related engineering services and geo spatial technology . 2 in 2013 the company delivered a new record net profit of s 81.4 million . the second highest net profit record set was s 70.7 million in 2014 . in 2009 the company recorded a seventh consecutive year of record breaking revenue since its listing in 1975 . the company achieved record revenue of s 560.6 million in 2011 . establishment of boustead college edit in 2001 boustead singapore acquired a 49.9 % shareholding in sgx listed corporation easycall international limited . between 2001 and 2003 boustead singapore set about transforming easycall from asia s leading paging services corporation in a sunset industry into one of the most successful sino foreign education providers in china through easycall s establishment and operation of the tianjin university of commerce boustead college . boustead college s success as a university eventually attracted the interest of sgx listed raffles education corporation ltd which went on to acquire the entire shareholding of easycall in 2007 . prominent people associated with boustead s history edit wealthy malacca born merchant chia ann siang joined boustead & co in 1848 . during his time with boustead & co he became a partner of the firm geok teat and company . after working for 42 years chia decided to retire and went into the timber business . he was a wealthy landowner and a leading merchant in singapore s history . chia purchased a small hill which used to be the homes of clan associations and shophouses named after himself as ann siang hill . 3 edward boustead commissioned george coleman the irish leading architect of singapore at that time to design and build the headquarters of boustead & co. the warehouse was known as the house of seven and twenty pillars located around the corner from high street . 4 in 1834 boustead partnered with german born merchant gustav christian schwabe in the singapore company . schwabe and his cousin established sykes schwabe & co in liverpool . the liverpool partner would export products like textiles biscuits brandies and steel to the east while the singapore partner would trade with eastern produce such as coffee and spices . singapore merchant tan kim seng was a middleman in boustead s trading activities . 5 tan was also a good friend of edward boustead . he helped to amass small shipments of produce from local traders for boustead who would then ship the produce to the west . tan was well known for his contribution towards the building of singapore s first public waterworks in 1857 . boustead & co had a successful investment business in commodities ships and properties bringing new companies to the london stock exchange and private investors . edward boustead himself was a trusted advisor to retirees who wanted to invest their retirement and pension funds . one of these retirees was captain thomas douglas scott 6 who was master mariner of laju 7 the largest and fastest sailing ship on the china seas in the late 1800s . awards edit over two consecutive years in 2008 and 2009 boustead was recognised in the prestigious forbes asia 200 best under a billion as one of the asia pacific s 200 best public listed corporations under us 1 billion in revenue . 8 boustead received the most transparent company award runner up in the construction category at the sias securities investors association of singapore investors choice awards 2009 and 2010 . 9 the group s chairman and chief executive officer wong fong fui was awarded the chief executive officer of the year 2008 market capitalisation of s 300 million to less than s 1 billion at the singapore corporate awards 2009 . 10 boustead was featured in the inaugural edition of business superbrands singapore 2010 which pays tribute to the strongest and most valuable business to business brands in singapore . 11 in 2011 and 2012 boustead received the friend of the arts award and arts supporter award respectively from the national arts council of singapore . the company was also awarded the friend of the heritage award by the national heritage board of singapore in 2012 . at the singapore business federation s 10th anniversary gala dinner held in october 2012 chairman and chief executive officer wong fong fui received the inaugural distinguished partners award for his contribution to the federation s business missions as well as the malaysia singapore business council . 12 180th anniversary edit in 2008 boustead singapore held its 180th anniversary in a year marked with a gala dinner attended by 800 guests and which was honoured by the presence of singapore s senior minister goh chok tong as guest of honour . in addition a specially commissioned 138 page anniversary book boustead 1828 was launched along with a 10 minute corporate film that was shot across three continents and a 28 page newspaper insert and 12 page supplementary in the straits times and the business times respectively . media edit on 9 july 2012 major asian news network channel newsasia started to broadcast a series titled the centennials showcasing a group of eight businesses in singapore which are more than a hundred years old . boustead singapore was featured in the pilot episode of the series . group structure edit boustead s business divisions by category energy related engineering boustead international heaters downstream oil & gas petrochemicals boustead salcon water solutions water & wastewater engineering in energy sector boustead controls & electrics upstream oil & gas boustead maxitherm energy waste to energy industrial real estate solutions boustead projects industrial facilities and industrial parks geo spatial technology esri australia esri south asia esri singapore esri malaysia esri indonesia subsidiaries edit downstream oil & gas edit boustead international heaters designs engineers and supplies process heater systems waste heat recovery units heat recovery steam generators and once through steam generators to the downstream oil & gas industries . process heater systems are critical to the distillation and separation of crude oil and natural gas into the many petroleum products e.g.