Tuesday, October 6, 2009

KNM Group Berhad secured RM155 million orders

KNM Group Berhad (“KNM”) is pleased to announce that FBM-KNM FZCO (“FBM”), KNM Process Systems Sdn Bhd (“KNMPS”) and Borsig Boiler Systems GmbH (“Borsig”), have secured substantial new orders from international clients for overseas projects.KNMPS and Borsig are wholly-owned subsidiaries of KNM and were incorporated in Malaysia and Germany respectively. FBM is a wholly-owned subsidiary of KNM and was incorporated in Jebel Ali Free zone, Dubai, United Arab Emirates.

From 24 September 2009 until to-date, FBM, KNMPS and Borsig have secured the following substantial orders:-
(i) FBM, from Danieli & C Officine Meccantiche SpA, for Reactor Vessels for the Gulf Steel Plant Project in Egypt;

(ii) KNMPS, from Technip Itally SpA, for Shop Assembled Columns for the Jubail Export Refinery Project in Saudi Arabia; and

(iii) Borsig, from EdeA V.O.F., for the engineering, supply and installation of Steam Boilers at Chemelot Industrial Estate in Geleen, Netherlands.

The total value of the above secured substantial orders amounts to approximately RM155 million.