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Malaysia : PETALING JAYA: KNM GROUP received a letter of award for an EPC Contract worth RM175m
Publish Date : 24-May-2016
KNM Group Bhd, a provider of oil and gas services, has made an announcement via filing a statement with Bursa Malaysia on Saturday that it has accepted a letter of award from Norman Process Oils Malaysia Plant Sdn Bhd to carry out the engineering, procurement, and construction (EPC) of a treated distillate aromatic extract (TDAE) plant at Tanjung Langsat Port in Johor.
The company has revealed that its 100% arm KNM Process Systems Sdn Bhd has accepted the letter of award for the contract worth RM175 million.
The KNM Group disclosed, The TDAE plant is to produce carcinogen-free (green) rubber process oils for synthetic rubber and tyre industries.
The duration of the contract is expected to be for a period of 20 months commencing from an agreed date subject to the execution of a formal contract agreement to be duly signed between the parties.
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