MARKET DEVELOPMENT
CBIP Secures RM46m Oil Mill Project in PNG
CBIP Secures RM46m Oil Mill Project in PNG
18/03/2014 (The Star) - CB Industrial Product Holding Bhd has secured a RM46.01mil contract to build a palm oil mill in Papua New Guinea.
It said on Monday its unit Modipalm Engineering Sdn. Bhd has received the cotract from from Gilford Ltd, a subsidiary of Rimbunan Hijau (PNG) Group.
The contract involved a 60 tonne an hour modipalm continuous sterilisation palm oil mill.
CBIP said the letter of award was expected to contribute positively to the earnings of the group for the financial years ending Dec 31, 2014 and 2015.
It said on Monday its unit Modipalm Engineering Sdn. Bhd has received the cotract from from Gilford Ltd, a subsidiary of Rimbunan Hijau (PNG) Group.
The contract involved a 60 tonne an hour modipalm continuous sterilisation palm oil mill.
CBIP said the letter of award was expected to contribute positively to the earnings of the group for the financial years ending Dec 31, 2014 and 2015.