Friday, July 1, 2011

Wah Seong gets US$45m job in Australia

KUALA LUMPUR: WAH SEONG CORPORATION BHD [] has secured a contract worth USD45 million (RM136.78 million) from Australia Pacific LNG Pty Limited to provide pipeline coatings for the Australia Pacific LNG project in Australia.

It said on Friday, July 1 that the contract secured by its pipe coating business unit on June 29 involved coating of over 700 km of pipes.

Wah Seong said contract was to commence in the fourth quarter of 2011 and be completed in 2012.

'The contract is expected to contribute positively to the earnings of Wah Seong Corp group over the contract period,' it said.

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