BHIC to focus on servicing navy over next 5 years

KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd’s  (BHIC) top priority will continue to be servicing the Royal Malaysian Navy for ship building, repair and maintenance over the next five years, said its chairman Tan Sri Lodin Wok Kamaruddin.

Currently, Lodin said that around 80% of BHIC’s revenue came from its contracts from the Malaysian armed forces, adding that another 20% was from the commercial sector.

He said BHIC would probably aim for a 70:30 revenue contribution from the military and commercial sectors respectively over the next four to five years.

“But the number one priority is still the Malaysian navy. The focus will be on making sure we give the best possible service with the highest level quality. Then, we can make sure our shores are well-protected,” he told reporters after the company’s 43rd annual general meeting yesterday.

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