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Boustead Heavy secures RM6b in orders this year

Boustead Heavy Industries Corporation Chairman Tan Sri Datuk Seri Lodin Wok Kamaruddin (right) and director, Tan Sri Datuk Seri Ahmad Ramli Mohd Nor speak during the press conference after their 2017 AGM. — Picture by Mukhriz Hazim
Boustead Heavy Industries Corporation Chairman Tan Sri Datuk Seri Lodin Wok Kamaruddin (right) and director, Tan Sri Datuk Seri Ahmad Ramli Mohd Nor speak during the press conference after their 2017 AGM. — Picture by Mukhriz Hazim

KUALA LUMPUR, April 11 — Boustead Heavy Industries Corp Bhd (BHIC) announced today it has secured a RM6 billion order book this year for its shipbuilding maintenance, repair and overhaul portfolio.

Its Managing Director Tan Sri Ahmad Ramli Mohd Nor said BHIC and its associate company Boustead Naval Shipyard Sdn Bhd have secured RM1 billion and RM5 billion worth of contracts respectively.

“We are encouraged by the opportunities ahead for BHIC led by the group’s key contributor, our defence segment which has been awarded various contracts by the government,” he said during the media briefing after group’s annual general meeting here.

Ahmad Ramli said of the particular significance is Littoral Mission Ships (LMS) project to build four units of ships for Royal Malaysia Navy (RMN).

“We expect to deliver the first LMS to the RMN by next year while our Littoral Combat Ships project is progressing on schedule,” he said.

He said the projects will not only be a boost to the group’s order book but also a strong contribution by the BHIC Group towards the fortification of its nations defence assets as well and maritime workforce.

BHIC recorded a profit after tax of RM10.6 million for the year ended December 31, 2017. This was achieved on the back of RM277.6 million in revenue.

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