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ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

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NOTES TO THE<br />

FINANCIAL STATEMENTS (CONT’D)<br />

31. Subsidiaries (CONT’D)<br />

Effective<br />

Country of Ownership<br />

Name of Company Principal Activities Incorporation Interest<br />

<strong>2008</strong> 2007<br />

Subsidiaries of <strong>KNM</strong><br />

Europa BV (formerly<br />

known as FBM Hudson<br />

Italiana BV)<br />

FBM Hudson Italiana Design and manufacture of Italian 100% 100%<br />

SpA * air-cooled heat exchangers, Republic<br />

specialty shell and tube heat<br />

exchangers and process gas<br />

waste heat boilers for the oil,<br />

gas, petrochemical and<br />

desalination industries.<br />

FBM ICOSS s.r.l * Design and construction of fully Italian 100% 100%<br />

welded plate type heat exchanger Republic<br />

plates bundle exchangers and<br />

jacketed pressure vessels for<br />

different fields such as chemical,<br />

petrochemical, textile<br />

pharmaceutical, food industry,<br />

aerospace and research industries.<br />

<strong>KNM</strong> Corporation * Investment holding. Canada 100% 100%<br />

Subsidiaries of<br />

<strong>KNM</strong> Corporation<br />

<strong>KNM</strong> Process Equipment Design, manufacture, procurement Canada 100% 100%<br />

Inc *<br />

and manufacturing of process<br />

equipment, including without<br />

limitation pressure vessels,<br />

reactors, column and towers,<br />

drums, heat exchangers, air finned<br />

coolers, process gas waste heat<br />

boilers and specialised shell and<br />

tube heat exchangers, condensers,<br />

spheres, process tanks, mounded<br />

bullets, process skid packages and<br />

turnkey storage facilities for the oil,<br />

gas, petrochemicals and mineral<br />

processing industries in Canada<br />

and the North America region.<br />

<strong>KNM</strong> GROUP BERHAD<br />

110<br />

<strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2008</strong>

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