Coastal Contracts wins Mexico job


In a filing with Bursa Malaysia, Coastal Contracts said it has a 50% equity interest in the joint venture while its Mexican business partner, Grupo Empresarial Alfair SAPI de CV, part of the Nuvoil Group, will hold the remaining 50% stake. (File pic shows Coastal Contracts shipyard Sandakan.)

KUALA LUMPUR: Coastal Contracts Bhd and its Mexican joint-venture partner have secured a project to build a RM258.7mil gas processing plant in Mexico.

The onshore gas “sweetening” plant project, to be constructed at Ixachi field in Veracruz, is for Petroleos Mexicanos (Pemex), the Mexican state-owned petroleum company.

In a filing with Bursa Malaysia, Coastal Contracts said it has a 50% equity interest in the joint venture while its Mexican business partner, Grupo Empresarial Alfair SAPI de CV, part of the Nuvoil Group, will hold the remaining 50% stake.

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