BUSINESS

KNM GROUP BHD'S UNIT BAGS CONTRACT WORTH US$4.25 MILLION

18/07/2019 06:14 PM

KUALA LUMPUR, July 18 (Bernama) -- KNM Group Bhd’s (KNM) wholly-owned subsidiary, KNM Process Systems Sdn Bhd, has won a US$4.25 million (US$1=RM4.11) contract to supply shop assembled large drums for the petrochemical complex in the South of Vietnam from TPSK Consortium.

In a filing with Bursa Malaysia today, KNM Group said the supply and delivery will be done in four batches for a period not exceeding 13 months, commencing from the date of the purchase order.

The transaction is expected to contribute positively to KNM’s earnings for the financial year ending Dec 31, 2019 and Dec 31, 2020, it said.

-- BERNAMA


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