CME Group wins a RM48.8mil contract from Petronas

Fire-fighting equipment manufacturer CME Group Bhd's fire-fighting vehicles in the factory.

KUALA LUMPUR: CME Group Bhd has clinched a RM48.82mil contract to supply fire fighting vehicles and maintenance services for Petronas Refinery & Petrochemical Corp Sdn Bhd.

The company, which sells and services fire-fighting equipment and specialised mobility vehicles, told Bursa Malaysia on Friday that its wholly-owned subsidiary CME Edaran Sdn Bhd was given the letter of award on Sept 29.

On the contract’s duration, CME said the purchase of fire fighting vehicles would be valid for three years and the planned delivery dates were based on a phasing basis as per the agreed schedule.

The maintenance services will span five years following the expiry of the two-year warranty period of the fire fighting vehicles.

The loss-making company said this contract was expected to contribute positively to the group’s earnings and net assets for the current financial year ending Dec 31, 2016, and the following years.

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