Kawan Renergy Unit Bags RM11.8mil Fabrication Contract

Kawan Renergy Bhd's wholly-owned subsidiary Kawan Engineering Sdn Bhd (KESB) has secured a RM11.8mil contract for fabrication works at the Malaysia site of Chemical Industries (Malaysia) Sdn Bhd.

In a filing with Bursa Malaysia, the group said KESB will be providing fabrication and installation works for the conversion of molasses to corn as raw material for a bio ethanol production plant.

The works under the contract are expected to commence on July 1, 2024, and are expected to be completed in four months, depending on the actual handover date of site possession.

Kawan Renergy said the contract is expected to contribute positively towards the earnings and net assets of the company and its subsidiaries for the duration of the contract.