Bursa Malaysia Stock Watch
Tanjung Offshore unit gets US$3.3m job
kltrader
Publish date: Wed, 03 Nov 2010, 09:08 PM
kltrader
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Tanjung Offshore Bhd subsidiary Citech Energy Recovery Systems UK Ltd (CERS), has received a purchase order from Egyptian Maintenance Company (EMC) for the supply of four units of waste heat recovery for the Egypt Liquified Natural Gas retrofit project.
The waste heat recovery package is valued at around US$3.27 million, Tanjung said in a filing to Bursa Malaysia today.
It said that CERS was in the midst of preparing and satisfying the scope of work stipulated in the purchase order involving manufacturing, assembly and delivery of the aforesaid waste heat recovery package which are expected to be completed within the next nine months.
The purchase order is not renewable but CERS will strive to seek recurring business opportunities with EMC in meeting Egyptian company's future requirements, Tanjung said.
The transaction is expected to contribute positively to the earnings of Tanjung for the financial years ending Dec 31, 2010, and 2011. -- Bernama
The waste heat recovery package is valued at around US$3.27 million, Tanjung said in a filing to Bursa Malaysia today.
It said that CERS was in the midst of preparing and satisfying the scope of work stipulated in the purchase order involving manufacturing, assembly and delivery of the aforesaid waste heat recovery package which are expected to be completed within the next nine months.
The purchase order is not renewable but CERS will strive to seek recurring business opportunities with EMC in meeting Egyptian company's future requirements, Tanjung said.
The transaction is expected to contribute positively to the earnings of Tanjung for the financial years ending Dec 31, 2010, and 2011. -- Bernama
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