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Favelle Favco lands contracts worth RM79.3m
by hlk Wed 27 Jul 2011, 19:48
KUALA LUMPUR: FAVELLE FAVCO BHD [] has secured four separate contracts worth a combined RM79.3 million to supply offshore cranes, a tower crane and winches.
It said on Wednesday, July 27 that its subsidiaries Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes Pte Ltd and Favelle Favco Winches Pte Ltd had received the purchase orders or letters of intent from their clients.
It said Favelle Favco Cranes (M) was to supply Global Tender Barges Pte Ltd an offshore crane; Favelle Favco Cranes Pty Ltd to provide Oberoi CONSTRUCTION []s Ltd a tower crane; Favelle Favco Cranes Pte Ltd to supply Keppel Fels Limited an Offshore Crane while Favelle Favco Winches was to supply winches to Techoil Company Sdn Bhd.
It said the cranes and winches will be supplied between the third quarter of this year and third quarter of 2013.
Favelle said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2011 and beyond.
It said on Wednesday, July 27 that its subsidiaries Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes Pte Ltd and Favelle Favco Winches Pte Ltd had received the purchase orders or letters of intent from their clients.
It said Favelle Favco Cranes (M) was to supply Global Tender Barges Pte Ltd an offshore crane; Favelle Favco Cranes Pty Ltd to provide Oberoi CONSTRUCTION []s Ltd a tower crane; Favelle Favco Cranes Pte Ltd to supply Keppel Fels Limited an Offshore Crane while Favelle Favco Winches was to supply winches to Techoil Company Sdn Bhd.
It said the cranes and winches will be supplied between the third quarter of this year and third quarter of 2013.
Favelle said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2011 and beyond.
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