PETALING JAYA: Favelle Falco Bhd has revealed that its subsidiaries, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pty Ltd have secured contracts for the supply of offshore and tower cranes from Aug 21, 2026 to date, totalling RM131.7mil.
In a filing with Bursa Malaysia, Favelle Falco said it had secured tower crane supply contracts from Shinwoo Development Co Ltd and Marr Contracting Pty Ltd, which are expected to be delivered by the end of 2026.
Additionally, Favelle Falco said it had secured an offshore crane supply contract from PVD Trading and Technical Services Joint Stock Company, which is expected to be delivered by mid 2027.
It also won an offshore crane supply contract from Zhuhai Jutal Offshore Oil Services Ltd, which involves a staggered delivery from the second quarter of 2027 to the third quarter of 2027.
“The contracts are expected to contribute positively to the earnings and net assets of Favelle Falco for the financial year ending Dec 31, 2026 and beyond,” it said.
