Thursday, August 4, 2011

Favelle Favco gets 3 orders worth RM93.4m

KUALA LUMPUR: FAVELLE FAVCO BHD [] has received purchase orders for two offshore cranes and a tower crane with a combined value of RM93.4 million.

It said on Thursday, Aug 4 that its wholly owned subsidiaries Favelle Favco Cranes Pte Ltd, Favelle Favco Cranes Pty Ltd and Favelle Favco Cranes (M) Sdn Bhd had received the purchase orders for the cranes.

It said Favelle Favco Cranes Pte Ltd and Favelle Favco Cranes (M) Sdn Bhd were to supply the offshore cranes to Keppel Fels Limited and MISC BHD [] respectively, while Favelle Favco Cranes Pty Ltd was to provide Marr Contracting Pty Ltd with the tower crane.

It said the tower crane was expected to be delivered by the first quarter of next year, while the offshore cranes would be supplied between the second quarter of 2012 and end 2013.

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


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