Tile manufacturer Seacera plans to go big in construction and property

SELAYANG: With an ambitious target to achieve RM1bil market cap in five years, Seacera Group Bhd is slowly moving away from manufacturing to construction and property development.

Group managing director Zulkarnin Ariffin said the company intended to bid for jobs related to buildings, infrastructures and highways.

He declined to reveal its tenderbook but noted that the number is big.

As we focus more on construction, we will always be on the look out for our orderbook replenishment, he told StarBiz in an interview.

Zulkarnin said its 60%-owned construction outfit SPAZ Sdn Bhd had unbilled contracts worth about RM250mil that could last for three years.

The company came under investor radar when it announced that it was a member of a consortium to bid for the superstructure of the multi-billion ringgit Warisan Merdeka.

He added that the pre-qualification results for the 118-storey building should be known next month and construction work should start latest by next year, as completion of the project was expected in 2018.

We are confident with our bid and believe that everyone has an equal chance (of winning the contract), he said.

Previously, Seacera managed to secure smallish subcontracts in the construction sector.

Some quarters are sceptical of Seaceras capabilities as its core business is tile manufacturing.

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Tile manufacturer Seacera plans to go big in construction and property