Plytec secures RM26mil contract


PETALING JAYA: Plytec Holding Bhd’s wholly-owned subsidiary, Plytec Formwork System Industries Sdn Bhd, has bagged a RM26.3mil contract from Setiakon Builders Sdn Bhd.

Plytec said in a filing with Bursa Malaysia the contract is for the design, supply, delivery, fabrication, installation and rental of temporary works equipment for the proposed three blocks of serviced apartments comprising 1,546 units.

The contract period for the entire project is 27 months commencing June 2024 and shall be completed in August 2026, although it was not mentioned in the statement where the project is.

Plytec said the contract is expected to contribute positively towards its earnings for the duration of the contract.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Gold climbs to record high on safe-haven demand; Fed decision in focus
Indonesia takes currency, market measures after rupiah and shares fall
Itmax secures RM26.6mil CCTV job for Seberang Perai
Perodua inks MoU with MyDigital ID to secure user authentication access
Solarvest subsidiary signs PPA for 60MWac solar PV facility
FBM KLCI slips as investors take profit ahead of US rate decision
BOJ keeps interest rates steady as Trump risks loom
Malaysia keeps April crude palm oil export duty at 10%
Ringgit opens higher ahead of US interest rate decision
Bursa Malaysia in the red as upcoming Fed meeting rattles nerves

Others Also Read