Sumatec awarded two Sarawak projects worth RM139m

  • Business
  • Thursday, 18 Sep 2003


Sumatec Resources Bhd has been awarded two contracts worth a total of RM139mil for work in Bintulu, Sarawak, increasing the value of its projects in hand to more than RM415mil.  

“These contracts are expected to contribute positively to the overall earnings and shareholder value of Sumatec over the contract duration,” the company said in a statement yesterday. 

One contract involves the upgrading and revamping of an existing ammonia, urea and granulation plant for Asean Bintulu Fertiliser Sdn Bhd. 

The RM69mil project was awarded to Sumatec's wholly-owned subsidiary, Sumatec Corp Sdn Bhd (SCSB), and its technology partner, Project & Development India Ltd. 

“This contract is expected to commence this month and to be completed by December 2004,” Sumatec executive director James Chan said. 

The upgrading exercise will increase the Asean Bintulu Fertiliser plant's granular urea production capacity from 1,800 tonnes to 2,250 tonnes per day. 

The second contract, worth RM70mil, was awarded to SCSB and another technology partner, Astel Peineger Sdn Bhd, by Malaysia LNG Sdn Bhd (MLNG), which operates one of the largest liquefied natural gas plants in the world. 

According to Chan, the project calls for the revamp and rejuvenation of two modules of the MNLG plant in Bintulu.  

“The project would extend the life-span of the plant by another 20 years. Work is expected to be completed by the end of next year,” Chan said. 

Both Asean Bintulu Fertiliser and MNLG are members of the Petronas group of companies. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Axiata seeks 66% stake in Indonesia's Link Net
Pos Malaysia appoints Charles Brewer as new Group CEO�
Bursa ends July on a disappointing note, KLCI closes below 1,500
Gamuda Engineering, Bosch Rexroth to raise construction benchmark
SC cracks down on Binance, tells investors to take their money out
KLCI falls below key 1,500 level
CIMB Niaga posts higher 1H net profit of RM614m
Oil prices drop, but on track for weekly gain
Dollar near one-month low, set for worst weekly showing since May
Asian shares extend losses, set for worst month since March 2020

Stories You'll Enjoy