Salcon gets RM200m Negri project


  • Business
  • Thursday, 08 May 2003

SALCON Engineering Bhd, a wholly-owned subsidiary of Kumpulan Emas Bhd, has been awarded a RM200mil contract by the Negri Sembilan Water Department (JBANS) for the management, operation and maintenance (O&M) of Sungai Terip water treatment plant.  

The contract covered over 10 years and would be reviewed if JBANS was privatised, Salcon said in a statement yesterday. 

It said the contract also included monitoring and inspection of the dam. 

Salcon said its scope of work included the provision of core team and technical personnel to carry out the initial set-up and continual management and operation of the contract and major maintenance services. 

The contract is performance-based where the company is evaluated on the quality and quantity of water produced. 

In mid last year, the company successfully completed the state-of-the-art Sungai Terip water treatment plant phase 3 utilising the dissolved air flotation system. 

Salcon chief executive officer Lim See Teok said: “The award of this contract is a measure of the confidence that JBANS has in the capabilities of Salcon as a turnkey contractor as well as manager and operator of its facilities.” 

Salcon's experience in O&M works include the Binh An water treatment plant in Ho Chi Minh City, Vietnam, via its subsidiary Integrated Water Services Sdn Bhd. 

The O&M contract in Vietnam is for 20 years commencing in 1999. 

Salcon is a total water solutions provider, offering strong technical and management capability, as well as advanced technology and expertise in the water and wastewater industries. 

The company is in the midst of a reverse takeover exercise of Seng Hup Corp Bhd, a PN4 company. 

This latest development was in line with Salcon's anticipated growing needs for capital to fuel its expansion plans, the company said. 

It is also timely and necessary for Salcon to directly gain access to the capital market via its own listing to raise funds in the future for the continuing growth of the company. 

The reverse takeover exercise is expected to be completed in June or July. 

Besides Malaysia, Salcon has also established itself in other parts of the Asia-Pacific such as Vietnam, China and Indonesia. 

The company aims to be in the forefront of future projects in other parts of Asia and is currently looking at India and other Asean markets. – Bernama 

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