MARKET DEVELOPMENT
CBIP Bags RM40.5M Mill Contract in Sabah
CBIP Bags RM40.5M Mill Contract in Sabah
04/07/2013 (The Star) - CB Industrial Product Holding Bhd has secured a contract to build a palm oil mill valued at RM40.5mil in Kunak, Sabah.
It said on Wednesday its unit Modipalm Engineering Sdn Bhd had accepted a letter of award (LOA) from Kemabong Sdn Bhd for the continuous sterilisation palm oil mill project for its Sepang palm oil mill.
CBIP said the mill’s capacity was 45 tonnes per hour. “The LOA is expected to contribute positively to the earnings of CBIP for the financial years ending Dec 31, 2013 and 2014,” it said.
It said on Wednesday its unit Modipalm Engineering Sdn Bhd had accepted a letter of award (LOA) from Kemabong Sdn Bhd for the continuous sterilisation palm oil mill project for its Sepang palm oil mill.
CBIP said the mill’s capacity was 45 tonnes per hour. “The LOA is expected to contribute positively to the earnings of CBIP for the financial years ending Dec 31, 2013 and 2014,” it said.