KUALA LUMPUR (Dec 19): FAVELLE FAVCO BHD []’s units have secured five separate purchase orders worth a combined RM72.3 million to supply four offshore cranes and one tower crane.
The company said on Monday that Favelle Favco Cranes (M) Sdn Bhd had received four contracts to supply offshore cranes each to SMOE Pte Ltd, Technics Offshore Engineering Pte Ltd, China Communications Import & Export Corporation and China Merchant Heavy Industry (Shenzhen) Co. Ltd respectively.
It said the cranes the first three parties would be delivered by end 2012, while the fourth would be supplied between end 2012 and early 2013.
Meanwhile, Kroll Cranes A/S had received a contract to supply a tower crane to GRPM, to be delivered by mid 2012.
Favelle Favco said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2011 and beyond.
The company said on Monday that Favelle Favco Cranes (M) Sdn Bhd had received four contracts to supply offshore cranes each to SMOE Pte Ltd, Technics Offshore Engineering Pte Ltd, China Communications Import & Export Corporation and China Merchant Heavy Industry (Shenzhen) Co. Ltd respectively.
It said the cranes the first three parties would be delivered by end 2012, while the fourth would be supplied between end 2012 and early 2013.
Meanwhile, Kroll Cranes A/S had received a contract to supply a tower crane to GRPM, to be delivered by mid 2012.
Favelle Favco said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2011 and beyond.
