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Pantech enters Indonesian oil and gas market, wins US$1.5m Pertamina contract
by Cals Thu 11 Jul 2013, 01:53
Pantech enters Indonesian oil and gas market, wins US$1.5m Pertamina contract
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Wednesday, 10 July 2013 17:57
KUALA LUMPUR (July 10): PANTECH GROUP HOLDINGS BHD [] has bagged a US$1.5 million (RM4.77 million) contract from Indonesia state-owned oil firm Pertamina to supply induction long bends to the latter.
In a filing with Bursa Malaysia, Pantech, a steel pipe-maker, said it has secured the contract via wholly- owned subsidiary Pantech Steel Industries Sdn Bhd.
“Shipment of the induction long bends to Indonesia is scheduled for 2QFY2014 (second quarter ending August 31, 2013),” said Pantech.
The contract will contribute to Pantech’s revenue in FY14, it said.
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Wednesday, 10 July 2013 17:57
KUALA LUMPUR (July 10): PANTECH GROUP HOLDINGS BHD [] has bagged a US$1.5 million (RM4.77 million) contract from Indonesia state-owned oil firm Pertamina to supply induction long bends to the latter.
In a filing with Bursa Malaysia, Pantech, a steel pipe-maker, said it has secured the contract via wholly- owned subsidiary Pantech Steel Industries Sdn Bhd.
“Shipment of the induction long bends to Indonesia is scheduled for 2QFY2014 (second quarter ending August 31, 2013),” said Pantech.
The contract will contribute to Pantech’s revenue in FY14, it said.
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