KUCHING: Engineering solutions provider, Pansar Bhd
has secured the Sibu Flood Mitigation Project Phase 3 contract worth RM78mil from Kiasan Engineering Sdn Bhd.
In a statement, Pansar said its wholly-owned subsidiary, Pansar Engineering Services Sdn Bhd (PES) secured the contract from Kiason.
It said the flood mitigation project focused on areas in Kampung Hilir and Kampung Nangka in Sibu, Sarawak. The Department of Irrigation & Drainage Malaysia is the owner of the project and the whole project is expected to be completed by March 2022.
“We are pleased to have been granted this project. With some of us born and raised in Sibu, we understand how important flood mitigation is for our hometown. This award is also a testament to our expertise in engineering work,” managing director Datuk Tai Hee said.
Sibu, a town along the mighty Rejang River in Sarawak is known for taking the full brunt of seasonal monsoons. Since 2011, the Department of Irrigation & Drainage Malaysia has implemented Flood Mitigation Phases 1 & 2 and residents have since noticed a marked decrease in flood occurrences.
“We will continue to grow our business both organically and inorganically. We are regularly looking out for acquisition targets that can help complement our current business and expand our revenue streams,” Tai said.
He said the company will implement a more targeted marketing approach to capture a larger market share in all its segments. As such, Pansar’s team will ensure that its existing and new customers will be made aware of the company’s full extent of product offerings by making use of its large customer database as well as increasing its brand recognition through social media marketing.
“We are also aggressively looking at and implementing ways to reduce duplicity and hidden wastage in our operations,” he said.