Priceworth signs MoU for container flooring contract

Koo: This development represents an exciting opportunity for Priceworth, as we are looking at a five-year contract.'

KUALA LUMPUR: Priceworth International Bhd expects to clinch a five-year contract to supply 60,000 cubic metres of container flooring worth 192 million yuan (RM120mil) annually to Chinese manufacturer Foshan Zhengsen Woodworking Co.

Its wholly-owned unit Sinora Sdn Bhd inked a memorandum of understanding in Singapore on Saturday for the intended supply of container flooring to the Guangdong-based Foshan Zhengsen, the wood product maker said in a statement.