27/03/2012 (Business Times) - CB Industrial Product Holdings Bhd (CBIP) has announced that it has received a letter of award from Syarikat Ladang Sungai Terah Sdn Bhd (a subsidiary of Kumpulan Perladangan PKINK Bhd) worth RM44.66 million.

In a filing to Bursa Malaysia today, CBIP said the contract is for its wholly-owned unit Modipalm Engineering Sdn Bhd to design and build a palm oil mill with a capacity of 30 tonnes per hour costing RM42.61 million.

The company said the contract also includes the extension of another 15 tonnes per hour capacity valued at RM2.05 million, adding this work has to be undertaken within two years of the handing over of the 30 tonnes per hour mill. -- BERNAMA