KUALA LUMPUR, July 29 — Siemens Malaysia Sdn Bhd is targeting revenue growth of about 10 per cent this year driven by projects in the energy, infrastructure and cities sectors.
President and Chief Executive Officer M Prakash Chandran said Siemens has four core business portfolios, namely, energy, infrastructure and cities, healthcare and industry.
“We see the energy sector contributing about 40 per cent of total revenue, followed by infrastructure and cities at 20 per cent.
“The industry and healthcare sectors will make up the rest. At the same time, we foresee our bottom line improving between six to eight per cent,” he told Bernama.
Last year, Siemens recorded revenue growth of 20 per cent, while net profit improved by between 12 per cent and 15 per cent.
The engineering and technology services provider said the company is confident of surpassing an order book of RM4.281 billion this year as it expects continuous growth in the four portfolios.
On the company’s ongoing projects, Prakash said Siemens had won two contracts of late from Petronas and Tenaga Nasional Bhd (TNB).
The RM4.765 billion (US$1.5 billion Petronas contract is for the engineering, procurement, construction and commissioning of a co-generation plant within the Pengerang Integrated Complex (PIC) in Johor.
The RM2.47 billion contract from TNB is to supply, install two Siemens SGT5-8000H gas turbines for the combined-cycle gas turbine power plant in Seberang Prai, Penang, alongside 20 years of maintenance.
The 1,017-megawatt (MW) Prai plant is scheduled to be completed and commence operations in 2016. The 1,220-MW facility in Pengerang is expected to be completed in 2017 and commence operations the same year.
On future prospects, Siemens is currently bidding for large infrastructure projects and the developments of power plants.
“We will bid for the high-speed rail project linking Kuala Lumpur and Singapore, and the Mass Rapid Transit (MRT) Lines 2 and 3.
“Malaysia is a developing country and Siemens is keen to be a provider of state-of-art technology, especially in the four fields that we are involved in,” said Prakash.
He also said the company is helping Malaysia to meet its carbon emissions reduction target of 40 per cent by 2020, and yearly energy production growth target of five per cent.
He said as energy consumption continues to increase, efficient power generation will be a vital component of a reliable, eco-friendly energy system and further investments in new power plants is expected.
“When operating efficiency is boosted with proven technology, power plants will make significant impact in reducing Carbon Dioxide (CO2) emissions,” he added. — Bernama
