Posted on 22 Dec 2015
KKB wins pipe and gas cyclinder contracts worth RM31.8mil
KKB Engineering Bhd has received two contracts worth a total of
RM31.8muil from Auxicorp Construction & Engineering Sdn Bhd and
Petron Malaysia Refining & Marketing Bhd.
The steel pipe and liquefied petroleum gas cyclinder manufacturer told
Bursa Malaysia that the contract from Auxicorp was to supply steel pipes
and specials for the main pipeline from Batu Kitang water treatment
plant to Bukit Entingan tank in Kuching, Sarawak.
The job is expected to be completed by the third quarter of 2016.
As for the purchase order from Petron, the Kuching-headquartered KKB
will fabricate and supply cyclinders to the oil company by the fourth
quarter of next year.
“The above awards are expected to contribute positively to the earnings
and net assets of the KKB group for the financial year ending Dec 31,
2016,” it said.
KKB shares closed unchanged at RM1.57 on Monday.
