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NewsFavelle Favco Cranes gets RM89.6m orders (7229)
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Favelle Favco Cranes gets RM89.6m orders (7229)
by hlk Tue 04 Sep 2012, 19:47
KUALA LUMPUR:Favelle Favco Bhd's wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd, has received orders from two
companies to supply offshore crane worth RM89.6 million.
The company said the contract for consortium of PT Pal Indonesia
(Persero)-Offshore Oil Engineering Co Ltd, will be delivered by
mid-next year, while for Technip France, it will be delivered from
end-2013 to end-2014.
These contracts are expected to contribute positively to the
earnings and net assets of the company for the financial year ending
Dec 31, 2012 and beyond, Favelle Favco said in a filing to Bursa
Malaysia today. -- BERNAMA
companies to supply offshore crane worth RM89.6 million.
The company said the contract for consortium of PT Pal Indonesia
(Persero)-Offshore Oil Engineering Co Ltd, will be delivered by
mid-next year, while for Technip France, it will be delivered from
end-2013 to end-2014.
These contracts are expected to contribute positively to the
earnings and net assets of the company for the financial year ending
Dec 31, 2012 and beyond, Favelle Favco said in a filing to Bursa
Malaysia today. -- BERNAMA
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