KUALA LUMPUR: Favelle Favco Bhd
(FFB) has secured 4 contracts worth RM55mil for the provision of cranes.
In a Bursa submitting, the crane maker stated its subsidiary, Favelle Favco Cranes Pty. Limited secured a contract to provide tower crane from Marr Contracting Pty Ltd. The contract is predicted to be delivered by mid-2022.
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The identical subsidiary additionally secured a contract from G A Caelli Holdings Trust to provide tower crane.
Favelle Favco Cranes (M) Sdn Bhd secured a contract to provide offshore crane from SR Marine Services Sdn Bhd. It is predicted to be delivered by the third quarter of 2022.
Favelle Favco Cranes Pte Ltd secured a contract from Yinson Bergenia Production B.V. to provide offshore crane.
FFB stated the approximate mixed worth of the orders secured amounted to RM55mil.
“The contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending Dec 31, 2022 and beyond,” it stated.
