8/8/06 (The Star) -  CB Industrial Product Holding Bhd’s (CBIP) wholly-owned subsidiary, Modipalm Engineering Sdn Bhd, has been awarded a contract by CTP Holdings Pte Ltd for the turnkey supply of palm oil mill. 

The first phase is for a capacity of 30 tonnes/hour (t/hr) and extendable to 60 t/hr at Sumberipa, Higaturu Oil Plantations in Papua New Guinea.

The contract involves an import portion of US$6.38mil and a local portion of 11.66 million kina (1 kina=RM1.30). – Bernama