Gadang accepts Petronas LOA

Kok Onn: ‘There is severe competition in the industry these days which is causing margins to decline.’

PETALING JAYA: Engineering and construction firm Gadang Holdings Bhd has accepted a letter of award (LOA) from Petroliam Nasional Bhd (Petronas) to conduct site preparation works for Phase 1 of Petronas' proposed Refinery and Petrochemical Integrated Development project located in Pengerang, Johor.

It told Bursa Malaysia that the contract would commence from the date of the LOA, which was Thursday, and was expected to be completed by Dec 31, 2013.