Tuesday, March 9, 2010

Sumatec gets RM49m Petronas subsidiary contract

KUALA LUMPUR: SUMATEC RESOURCES BHD []'s sub-subsidiary Sumatec Engineering & CONSTRUCTION [] Sdn Bhd has secured a RM49.24 million contract from Asean Bintulu Fertilizer Sdn Bhd to upgrade its plant.

Sumatec said on Tuesday, March 9 the contract involved civil, mechanical, piping, electrical and instrument works to upgrade the plant equipment for Asean Bintulu Fertilizer, a subsidiary of Petroliam Nasional Bhd.

It expected the contracts to contribute positively to Sumatec's overall earnings and shareholders value for the financial year ending Dec 31, 2010

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