Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Malaysia : PETALING JAYA: KNM GROUP received a letter of award for an EPC Contract worth RM175m
Publish Date : 24-May-2016
KNM Group Bhd, a provider of oil and gas services, has made an announcement via filing a statement with Bursa Malaysia on Saturday that it has accepted a letter of award from Norman Process Oils Malaysia Plant Sdn Bhd to carry out the engineering, procurement, and construction (EPC) of a treated distillate aromatic extract (TDAE) plant at Tanjung Langsat Port in Johor.
The company has revealed that its 100% arm KNM Process Systems Sdn Bhd has accepted the letter of award for the contract worth RM175 million.
The KNM Group disclosed, The TDAE plant is to produce carcinogen-free (green) rubber process oils for synthetic rubber and tyre industries.
The duration of the contract is expected to be for a period of 20 months commencing from an agreed date subject to the execution of a formal contract agreement to be duly signed between the parties.
