ML Global tar­gets to add RM1b more jobs to or­der book

New Straits Times - - Business -

PE­TAL­ING JAYA: ML Global Bhd, whose or­der book to­tals RM1 bil­lion, is op­ti­mistic of se­cur­ing an­other RM1 bil­lion worth of con­struc­tion jobs, mainly from par­ent LBS Bina Group Bhd.

“The out­look for ML Global was good con­sid­er­ing a healthy or­der book that we have in hand,” said group man­ag­ing di­rec­tor Tan Sri Lim Hock San af­ter the com­pany’s share­hold­ers meet­ing, here, yes­ter­day.

Last week, ML Global an­nounced to Bursa Malaysia that LBS had is­sued let­ters of in­tent for three con­tracts worth RM1.04 bil­lion.

ML Global’s unit MITC En­gi­neer­ing Sdn Bhd had re­ceived a let­ter of award to build four Rumah Se­lan­gorku apart­ment blocks in Ban­dar Sau­jana Pu­tra val­ued at RM168.11 mil­lion.

MITC also re­ceived a let­ter of in­tent for pil­ing and build­ing works for four con­do­minium tow­ers in Bukit Jalil amount­ing to RM687.19 mil­lion.

There is also an­other job to de­sign, carry out fea­si­bil­ity stud­ies and build­ing works for two blocks of ser­viced apart­ments in Sepang for RM188.81 mil­lion.

The three projects are set to dou­ble ML Global’s or­der book to RM2.08 bil­lion and keep the group busy un­til 2020.

In em­brac­ing the gov­ern­ment’s pol­icy on in­dus­tri­alised build­ing sys­tem, to mech­a­nise as many con­struc­tion pro­cesses as pos­si­ble, ML Global said it wants to man­u­fac­ture pre-cast pan­els.

Its ex­ec­u­tive di­rec­tor and chief ex­ec­u­tive of­fi­cer Datuk Richard Lim Lit Chek said ML Global ex­pects to in­vest up to RM40 mil­lion on the first phase of the plant.

“We will bring in the tech­nol­ogy from China to con­struct in the fac­tory and in­stall the pan­els on site. We hope to see the first shear wall (us­ing pre-cast con­crete) up by next year,” said Richard.

He said pre-cast pan­els are be­com­ing more pop­u­lar as man­ual labour be­comes costly and cum­ber­some to source. Ooi Tee Ching

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