KEC Ltd Korea's Malaysian entity Kecom Sdn Bhd is negotiating to supply pre-cast concrete segments worth RM100mil for a new tunnelling project.
Kecom general manager Byongsu Ju said the Federal Government project had been awarded to a private construction company with which Kecom was negotiating.
He said the project would be located in the Klang Valley area but declined to disclose the total development costs of the entire project and to whom it had been awarded.
We are likely to close the deal within this month and are hoping that it will pave the way for us to get orders from other projects in Malaysia, Ju said.
Ju told StarBiz this at the opening of the company's plant in Simpang Renggam Industrial Estate II by State Science, Technology, Entrepreneurs, Small and Medium Industries committee chairman Salikon Sarpin last Friday.
Ju said the RM7mil pre-cast concrete segment plant in Johor was the first overseas arm of KEC, one of the largest concrete segment and segment mould suppliers in Asia.
He said the Johor plant would produce made-to-measure steel mould and concrete pre-cast segment for Asean countries whereas the Korean plant would cater to the non-Asean markets.
Ju said the Simpang Renggam plant would also provide professional and precision service particularly to the tunnelling industries in Malaysia and outside the country.
We are looking at Indonesia, Malaysia and Singapore as the three main markets for pre-cast segment manufacturing and steel mould fabrication in Asean, he added.
Ju said as an expert in tunnelling projects, with a list of reputable clients in South Korea, Japan and Singapore, the company was in a good position to capture the Asean markets.
Among the clients who use its products are Tokyo Electric Power Co Ltd, Osaka Construction Public Corp, Korea Electric Power Co Ltd, Singapore Land Transport Authority and Busan City.
Ju said concrete segments were widely used to create tunnels for power cables, sewerage and underground mass rapid transport systems and were produced according to the specifications.
Did you find this article insightful?