MARKET DEVELOPMENT
CBIP Unit Secures RM50.3m Mill Contract From TDM
CBIP Unit Secures RM50.3m Mill Contract From TDM
12/09/2013 (The Star) - CB Industrial Product Holding Bhd (CBIP) has secured a RM50.30mil contract from TDM Bhd's subsidiary to construct a palm oil mill in Indonesia.
CBIP said on Wednesday its unit Modipalm Engineering Sdn Bhd had accepted the letter of award from PT Rafi Kamajaya Abadi for a continuous sterilisation palm oil mill project in Nanga Pinoh Melawi, Kalimantan Barat.
The project involves the construction of a 60 tonnes per hour continuous sterilisation palm oil mill and to deliver three of double deck continuous sterilisation system.
CBIP said the contract was expected to contribute positively to the earnings for the financial years ending 31 December 2013, 2014 and 2015.
CBIP said on Wednesday its unit Modipalm Engineering Sdn Bhd had accepted the letter of award from PT Rafi Kamajaya Abadi for a continuous sterilisation palm oil mill project in Nanga Pinoh Melawi, Kalimantan Barat.
The project involves the construction of a 60 tonnes per hour continuous sterilisation palm oil mill and to deliver three of double deck continuous sterilisation system.
CBIP said the contract was expected to contribute positively to the earnings for the financial years ending 31 December 2013, 2014 and 2015.