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.