KNM gets RM155m orders

KNM Group Bhd (7164), through subsidiaries – FBM-KNM FZCO, KNM Process Systems Sdn Bhd (KNMPS) and Borsig Boiler Systems GmbH – has secured new orders from international clients amounting to RM155 million.

The projects are secured by FBM from Danieli & C Officine Meccantiche SpA, for reactor vessels for the Gulf steel plant project in Egypt; KNMPS from Technip Itally SpA for shop assembled columns for the Jubail export refinery project in Saudi Arabia; and Borsig from EdeA V.O.F., for the engineering, supply and installation of steam boilers at Chemelot Industrial Estate in Geleen, Netherlands.

“The above orders are expected to contribute positively to the KNM Group’s earnings for the financial years ending December 31 2009 and December 31 2010,” the company told Bursa Malaysia Bhd.

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~ by abuaina on October 30, 2009.

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