Ho Hup, KNM win RM57.8mil Rapid sub-contract


KUALA LUMPUR: Ho Hup Construction Co Bhd and KNM Group Bhd, through their 50:50 joint-venture (JV) company, have secured a RM57.77mil sub-contract for construction work at Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor.

In a filing with Bursa Malaysia, Ho Hup said the JV company, KHH Infrastructures Sdn Bhd (KHHI), accepted the job on Tuesday from Sinopec Engineering Group Malaysia Bhd, the main contractor of Petronas’ subsidiary PRPC Refinery and Cracker Sdn Bhd.

KHHI’s scope of work includes general building works for electrical substation and field auxiliary room, foundations, superstructures, internal roads, paving, underground piping, trenches, manholes, pits, basins and related works.

Work on the contract is expected to start on March 30 and will be completed in 24 months.

This is the second contract awarded to Ho Hup by Sinopec Engineering Group in the Rapid project. In September last year, it was given a RM21.6mil sub-contract to perform soil improvement work, also under Package 2 of the Rapid project.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Jakel invests in Cyberjaya data centre project
Improving business operations
Developers focusing on flexibility in second half
Agricore has the right ingredients for growth
Talent needed to move up the chain
China’s 60 million homes are hard to sell even in large cities
Tight supply, solar demand drive antimony prices to record high
Seng Fong’s growth spurt to continue with rising number of EVs
Paragon Union’s recycling play shapes up
TNB 1Q24 revenue increases 8% to RM13.6bil

Others Also Read