Thursday, February 17, 2011

Favelle Favco secures RM123.2m contracts to supply eight cranes

KUALA LUMPUR: FAVELLE FAVCO BHD [] has secured RM123.20 million in contracts to supply eight cranes.

The company said on Thursday, Feb 17 the cranes would be delivered to eight buyers from early this year to 2012.

'The contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending Dec 31, 2011 and beyond,' it said.

Among the companies which had ordered the cranes were Bumi Armada Bhd, West Contractors A/S, Global Tender Barges Drilling Services Sdn Bhd and National Petroleum CONSTRUCTION [] Co.

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