07/08/2014 (The Star) - CB Industrial Product Holding Bhd (CBIP) has secured a RM41.10mil contract to build a steriliser palm oil mill with a capacity of 60 tonnes of fresh fruit bunches an hour.

It said on Wednesday its unit Modipalm Engineering Sdn Bhd had inked an agreement with PT. Jas Mulia for the mill which includes construction, machinery and accessories.

"The agreement is expected to contribute positively to the earnings of CBIP group for the financial years ending Dec 31, 2014 and 2015," it said.