Kuala Lumpur: Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) expects to be bidding for around RM4b in projects this year, according to chairman Datuk Nasarudin Md Idris.

MHB’s order book stands at RM2.3b as at March 2013 and the depth of new bids is part of a concerted move to strengthen its order book. 

MHB remains confident that it will win a large percentage of the total projects tendered. Nasarudin said, “About one-third of the tendered projects are international projects. We are confident of securing those projects also, as we have a proven track record, with international standards.”

The company will also be allocating over RM300m this year on capital expenditure, predominantly on the company’s yard optimisation programme.