Mestron bags RM10mil deal from Tamasco

KUALA LUMPUR: Mestron Holdings Bhd has secured a S$3.2mil (RM10mil) purchase order from Tamaco Pole Manufacturing Pte Ltd.

In a filing with Bursa Malaysia yesterday, the speciality pole maker noted the order is equivalent to about 22% of its revenue in financial year 2021 and will raise its total order book to RM63mil.

Under the terms of the agreement, the delivery will be done upon the receipt of the delivery memo from time to time, subject to full delivery by end-2023.

Some 93% of Mestron’s revenue in financial year 2021 was generated in Malaysia and the new order would offer an opportunities to diversify its earnings base beyond Malaysia, said managing director Por Teong Eng.