KUALA LUMPUR: Favelle Favco Bhd's subsidiaries have collectively secured RM121.1 million of purchase orders for the supply of offshore and tower cranes, compressor system (CCC) manpower, solar system and upgrade works.
In an exchange filing today, the construction cranes manufacturer said the orders were secured by Favelle Favco Cranes Pte Ltd, Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes Pty Ltd, Kroll Cranes A/S and Exact Automation Sdn Bhd.
Favelle Favco said they were awarded by Federal Hardware Engineering Co Pte Ltd, Hyundai Engineering and Construction Co Ltd, G A Caelli Holdings Trust, Afcons Infrastructure Ltd, Advance Gas Turbine Solutions Sdn Bhd, Malaysia LNG Sdn Bhd, Muhibbah Marine Engineering Sdn Bhd and PTTEP Sarawak Oil Ltd.
The company said all the orders were likely to be delivered/mobilised between July 2021 and third quarter of 2022.
"The contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending December 31, 2021 and beyond."
