Friday, September 2, 2011

Salcon unit gets RM20.4m sub-contract in Terengganu

KUALA LUMPUR: SALCON BHD [] has secured a RM20.4 million sub-contract from Octagon Engineering (M) Sdn Bhd to upgrade and repair Sg Chukai in Terengganu under the Chukai and Kemanan flood mitigation project.

It said on Friday, Sept 2 that its wholly owned subsidiary Salcon Engineering Bhd had on Aug 27 accepted the letter of award for the sub-contract.

It said the contract duration was for 18 months from September 2011 to February 2013.

Salcon said the project was expected to contribute positively to its earnings or the financial year ending Dec 31, 2012.

It said the sub-contract would have insignificant financial impact for the financial year ending Dec 31, 2011 of the Salcon group as the project was mainly on mobilisation and planning stage as well as to the financial year ending Dec 31, 2013.

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