ML Global targets to add RM1b more jobs to order book
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