KUALA LUMPUR: CB Industrial Product Holding Bhd’s (CBIPH) wholly-owned subsidiary, PalmitEco Engineering Sdn Bhd, has bagged a RM71.17mil contract from New Britain Palm Oil Ltd to build palm oil mills in Markham Valley, Papua New Guinea (PNG).
In a filing with Bursa Malaysia yesterday, CBIPH said the contract was to design, supply, fabricate, deliver to site, install, testing, commissioning and guarantee performance for construction of 10 TPH continuous sterilisation mini mill and 40/60 TPH continuous sterilisation palm oil mills.