EVERSENDAI Corp Bhd is bidding for jobs worth a total of RM12 billion, which include both infrastructure and building of iconic projects worldwide.
Group managing director of the steel fabrication company, Datuk A.K. Nathan, said the group expects to be successful in about 20 per cent of these bids.
"But right now, our order book stands at about RM1.5 billion and that are the amount of jobs we can get on the year-to-year basis.
"For the bids, we will only know the success rate within the next two to three years, while some projects might be as long as five years," he told reporters after signing an memorandum of understanding between Eversendai and Sunway Business Applications here yesterday.
He said most of the bids were for the jobs in the Middle East, Southeast Asia and in the Commonwealth of Independent States.
"We expect a minimum growth of 10 per cent this year, but we always exceed that number," he said when asked about the company's outlook.
Nathan said currently, 95 per cent of Eversendai's earnings were derived from its overseas operations.
"However, this year we will be very busy in Malaysia. We have just completed the Manjung power plant (in Perak) and have started on the KLIA 2 project. This year, we are bidding for more projects in Malaysia."
Nathan added that the Malaysian and Indian operations would soon become a substantial earner to the company in the future.
"In India, we have five ongoing projects, which comprise two high-rise buildings and three power projects. One of the projects is the RM350 million Worli Tower, which comprises a 50-storey and 80-storey buildings," he said.
Nathan said Eversendai was also in the midst of constructing a steel fabrication plant in Trichy, India, which would boost the company's steel output by another 24,000 tones per annum, fromthe current 120,000 tones it churns out annually.
The factory, which will be operational within the six and eight months, will add to the list of its four existing steel fabrication plants in Rawang (Selangor), Sharjah (the UAE), Qatar and Dubai.
