Boilermech earnings to climb on 15 year deal

KUALA LUMPUR:  Biomass boiler maker Boilermech Holdings Bhd has signed a 15-year agreement and a memorandum of understanding (MoU) with two separate partners that could impact its future earnings positively.

Firstly, the company has signed an agreement with Commonwealth Scientific and Industrial Research Organisations (CSIRO) for the commercialisation of CSIRO’s patented technology that will enhance the oil extraction efficiency.

With the agreement, Boilermech will have the sole and exclusive rights to commercialise the technology for all mills in several countries. They are Malaysia, Australia, Brazil, Canada, Cote d’Ivoire, China, Columbia, Ecuador, Europe, Indonesia, India, Japan, South Korea, Mexico, Papua New Guinea, Philippines, Russian Federation, Thailand, Ukraine, and the United States.

Corporate News , Plantations