Favelle Favco secures offshore crane orders worth RM101.4mil 

KUALA LUMPUR: Crane maker Favelle Favco Bhd announced its has received orders worth RM101.4mil from six clients operating across the region.

Most of the orders are for delivery this year, the company said in a filing with Bursa Malaysia.

One client has placed an order for the supply of offshore cranes for delivery in early 2022.

The orders were secured over the past months since Dec 1, 2020.

The "contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending Dec 31, 2021 and beyond," it said.

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Favelle Favco


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