CB Industrial Product gets RM46 million job from Rimbunan Hijau Group

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KUCHING: CB Industrial Product Holding Bhd (CB Industrial Product) in a filing to Bursa Malaysia yesterday said its wholly-owned subsidiary Modipalm Engineering Sdn Bhd has received a letter of award from Gilford Ltd, a subsidiary of Sarawak-based Rimbunan Hijau Group for a total of RM46 million.

The company said the contract is for a proposed 60 metric tonnes per hour modipalm continuous sterilisation palm oil mill in Papua New Guinea.

CB Industrial Product added the scope of work is divided into two portions.

It said the import portion which include the design, manufacture, supply, performance guarantee and warranty of mechanical and electrical works is estimated at RM39.63 million.

Addtionally, the company said the local portion which consist of installation, test, commission, performance guarantee and warranty of mechanical and electrical works is worth RM6.39 million.

CB Industrial Product noted that the contract is expected to contribute positively to the earnings of the group for the financial year ending December 31, 2014 and December 31, 2015.