KNM adds RM155m to order book

KNM adds RM155m to order book

Tags: Borsig Boiler Systems GmbH | Jebel Ali Free Zone | KNM Group Bhd | new orders

Written by The Edge Financial Daily
Tuesday, 06 October 2009 00:29

KUALA LUMPUR: KNM GROUP BHD []’s wholly owned units in Malaysia, Germany and Dubai, have collectively secured RM155 million worth of new orders from Sept 24 to Oct 5, the company said on Oct 5.

KNM said FBM-KNM FZCO, a unit incorporated in Dubai’s Jebel Ali Free Zone, won a contract from Danieli & C Officine Meccantiche SpA for reactor vessels for the Gulf Steel Plant project in Egypt; KNM’s Germany-incorporated Borsig Boiler Systems GmbH won an order for the engineering, supply and installation of steam boilers at Chemelot Industrial Estate in Geleen, Netherlands, from EdeA VOF; while KNM Process Systems’ contract was from Technip Italy SpA, for shop assembly columns for the Jubail Export Refinery project in Saudi Arabia.

KNM expects the orders to contribute positively to its earnings for the years ending Dec 31, 2009 and 2010.
KNM added 1.5 sen to 76 sen with 19.05 million shares done on Oct 5.

http://www.theedgemalaysia.com/business-news/150666-knm-adds-rm155m-to-order-book.html