KUALA LUMPUR, June 14 (Bernama) -- Asdion Bhd's 49 per cent-owned associate firm, Renox Stainless Steel Co Ltd, has bagged a contract from a German company to distribute the latter's valve equipment in Thailand for one and a half years.
In a filing with Bursa Malaysia, the logistics service provider said Renox Stainless today entered into a distributorship agreement with Evoguard, a subsidiary of Germany-based Krones Group AG.
"Thailand is one of the main focus countries for Evoguard as most of the clients or indirect clients from Krones Group AG are located in Thailand," it said.
The Evoguard product is targeted at the food and beverage industry.
Asdion said the contract was expected to contribute positively to the earnings and net assets per share of the group for the financial year ending March 31, 2019.....