PETALING JAYA: Hock Seng Lee Bhd (HSL) has received a letter of acceptance (LOA) from Sarawak state government via the state’s public works department for the proposed construction and completion of Batang Palong Bridge, Mukah with a contract value of RM298.98 million through an open tender exercise.
The project is part of the RM11 billion allocation earmarked for upgrade works for the coastal roads, second trunk roads and water supply works in Sarawak.
The work scope for HSL includes the construction of a 1.9km long reinforced concrete structure balanced cantilever bridge that includes substantial marine piling works using 1500mm diameter steel pipe pile.
The other scope of works includes earthworks, geotechnical, drainage, pavement works and the associated mechanical and electrical works.
Physical construction work is expected to commence in May this year for a period of 48 months.
HSL expects the contract to contribute positively to its earnings and net assets for the duration of the project.
HSL managing director Datuk Paul Yu said the latest contract win has boosted the group’s order book to a record RM3.2 billion, of which RM2.5 billion is unbilled.
“We therefore have sufficient work to keep us busy and will remain selective in our procurement initiatives, bidding when projects align with our core strengths, capacity and capabilities,” he noted.
PETALING JAYA: UEM Edgenta Bhd’s asset consultancy arm Opus Consultants has been appointed by the Sarawak government as the project management consultant for the RM11 billion state’s Coastal Road Network and Second Trunk Roads project.
The project is estimated to be completed in eight years.
The first work package for the project, which is valued at RM50 million, was awarded to Opus Consultants recently and will see the company, working together with Sarawak Public Works Department, in providing overall project management and technical expertise.
This includes to oversee key deliverables within the project work scope such as preliminary and detailed designs of 20 work packages ranging from the development of new roads and bridges, including four iconic cable-stayed bridges and pavement rehabilitation works.
Opus Consultants will also be overseeing upgrading works of 300km of the existing 896km of coastal roads; construction of 10 new bridges for the Coastal Road Network Project; and construction of 232km for Second Trunk Roads project.
The Coastal Road Network and Second Trunk Roads project was launched by Sarawak Chief Minister Datuk Patinggi Abang Zohari Tun Openg in Sarikei, Sarawak on April 6.
The Coastal Road Network is set to provide the state’s coastal area with better access and connectivity between towns namely – Kota Samarahan, Sadong Jaya, Sebuyau, Kabong, Tanjong Manis, Daro, Matu, Balingian and Bintulu to the Pan Borneo Highway network.
The Second Trunk Roads project on the other hand will link Kuching and Sibu to the Pan Borneo Highway network through Sebuyau, Seri Aman and the Betong link.
PETALING JAYA: Seacera Bhd’s substantial shareholder Datuk Tan Wei Lian has withdrawn the notice of EGM dated March 28, which seeks to remove two directors.
Seacera said in a filing with the stock exchange that it had received a letter from Tan, who is also Tiger Synergy Bhd chairman, on April 9 to withdraw the EGM notice dated March 28 and that he will not proceeding with the EGM.
Seacera said it will obtain legal advice from its solicitors on the matter.
Recall that Tan, who has emerged as Seacera’s substantial shareholder with a 13.96% stake, proposed to remove Mohd Fazillah Kamaruddin and [email protected] Halim Ismail and to be replaced by five others including himself, Tan Lee Chin, Rizvi Abdul Halim, Datin Ida Suzaini Abdullah and Clarence Yeow Kong Chew.
In a separate filing, Seacera said it has entered into a memorandum of understanding with Sinar Tile Industries Sdn Bhd for the operation of the latter’s tiles manufacturing factory in Kuching, Sarawak.
The parties intend to discuss, explore and evaluate the possibilities derived from the memorandum.
Seacera said the collaboration with Sinar Tile Industries will provide the group with an advantageous platform to further benefit and better prospects in the future.
TAWAU, March 23 — Perodua Sales Sdn Bhd is targeting to capture a 50 per cent share of the automotive market in Sabah this year, said its managing director Datuk Dr Zahari Husin. He said there was good demand for its vehicles in Sabah, with…
KUALA LUMPUR: Wah Seong Corp Bhd’s indirect 60%-owned subsidiary WDG Resources Sdn Bhd has been made the exclusive distributor for South Korea’s Doosan Infracore Co Ltd construction equipment throughout Malaysia, paving the way for the company to tap vast business opportunities in East Malaysia.
This follows the signing of an exclusive distributorship agreement today between WDG and Doosan, which is South Korea’s global leader in infrastructure support equipment.
The agreement extends WDG’s exclusive distributorship rights to also cover Sabah and Sarawak from just Peninsular Malaysia previously.
In June 2017, WDG had been appointed the exclusive distributor of Doosan range of equipment including excavators, wheel loaders and articulated dump trucks within Peninsular Malaysia.
Wah Seong managing director and group CEO Chan Cheu Leong said the expanded distributorship provides an opportunity for WDG to participate in infrastructure and construction projects in Sabah and Sarawak, including the Pan Borneo Highway.
“The extension of the Doosan distributorship will double the sales potential for WDG. WDG is confident of riding on its excellent track record to break new grounds in Sabah and Sarawak,” Chan said in a statement.
The distributorship is expected to contribute positively to the earnings of WSC group over the period of the distributorship agreement.
Traditionally, Wah Seong group’s industrial trading and services division is mostly entrenched in Peninsular Malaysia; this latest partnership gives the division an opportunity to reach out to Sabah and Sarawak in terms of trade and new opportunities.
Under the two-year distributorship agreement, WDG can leverage on Doosan’s machinery and equipment to take part in infrastructure projects in Sabah and Sarawak. In the past, its focus has been mainly in Peninsular Malaysia.
Doosan vice president of sales and marketing Chris Jeong Kwan Hee said the partnership with WDG will further establish Doosan brand in Malaysia.
“WDG has been effectively and successfully promoting Doosan products in the Malaysian construction industry since 2017. With the exclusive distributorship given to WDG, we are confident to establish a strong presence in the local infrastructure project business,” he added.
Doosan was established as Cho SunMachine Works in 1937 and was renamed Doosan Infracore in 2005. Apart from its own brand of construction equipment and power generation equipment, it also acquired the Bobcat brand in 2015.
WDG is principally involved in the distribution and service of industrial machinery, equipment and parts. It is also an authorised distributor of Mitsubishi Heavy Industries range of diesel generator sets.
After first securing the sole distributorship of Doosan range of construction equipment in Peninsular Malaysia, WDG has established a firm footing in providing its products and services to the local infrastructure and construction sectors.
The distributorship with Doosan also resulted in the group securing contracts to supply construction equipment to the Bandar University Pagoh Project, the Northern Free Trade Zone in Bukit Kayu Hitam, Kedah, the Gemas Double Track Project, Elmina Township in Subang and MCKIP in Kuantan.
PETALING JAYA: KKB Engineering Bhd has bagged three contracts worth RM30.8 million.
KKB received a letter of award from Petronas Dagangan Bhd (PetDag) for the price agreement for new and refurbishment of liquefied petroleum gas (LPG) cylinders for PetDag: fabrication, reconditioning of LPG cylinders and for the supply & delivery of LPG compact valves.
Its associate company Edisi Optima Sdn Bhd received s letter of award from PetDag for the price agreement for refurbishment of LPG cylinders for PetDag: requalification and shot-blast repainting of LPG cylinder.
KKB also received a purchase order from Laras Jaya Engineering Sdn Bhd (LJE) for the supply of mild steel concrete lined (MSCL) pipes for Sarawak Water Supply Grid Programme – stressed areas.
Both PetDag contracts are effective from March 15, 2019 and shall be valid for a period of three years, unless terminated earlier with an option to extend the contract period for a further period up to two years.
The completion date for LJE is scheduled within nine months.
“The contracts/purchase order(s) are expected to contribute positively towards the earnings and net assets of the company and group for the duration of the supply period,” KKB said in a stock exchange filing.
KUALA LUMPUR, March 15 — Shopee Malaysia has made it into the top 10 most visited sites in Malaysia, making it the number one e-commerce site in the country, Comscore, the trusted currency for planning, transacting and evaluating media across…
KUALA LUMPUR: Malaysia aims to maintain approved investments this year at around the RM200 billion level given the challenging economic environment currently, after registering marginal growth to RM201.7 billion last year, says the Malaysian Investment Development Authority (Mida).
“We want to have as much as possible but we need to be realistic on the current economic scenario and challenges. We target the approved investments (in 2019) to be around RM200 billion (level),” Mida CEO Datuk Azman Mahmud said at a press conference in conjunction with the Miti Annual Media Conference 2019 today.
To date, Mida has 399 manufacturing and services projects with investments totalling RM23.7 billion in the pipeline.
Earlier, International Trade and Industry Minister Datuk Darell Leiking disclosed that Malaysia attracted a total of RM201.7 billion worth of investments in the manufacturing, services and primary sectors in 2018, up 0.55% from RM200.6 billion approved in 2017.
In the first half of 2018, investments approved were valued at RM86.1 billion, while a total of RM115.6 billion investments were approved in the second half of the year.
The manufacturing sector registered an increase of 37.2% in approved investments totalling RM87.4 billion in 2018, compared with RM63.7 billion in the previous year.
Leiking said petroleum products, including petrochemicals, with approved investments of RM32.9 billion contributed the lion’s share to the overall performance in the manufacturing sector.
“A notable project in this industry is Sarawak Petchem which is part of the Sarawak state government initiative to develop Bintulu as a petrochemical hub,” he added.
This is in addition to investments by Pengerang Energy Complex and Petronas Chemicals Isononanol that will be located in Johor.
Other industries with high levels of approved investments include basic metal products, electrical and electronic products, chemicals and chemical products, as well as machinery and equipment.
Foreign direct investments in 2018 increased 47.8% to RM80.5 billion from RM54.4 billion in 2017, and accounted for almost 40% of the approved investments.
Meanwhile, domestic direct investments assumed 60.1% of the share at RM121.2 billion.
This year, Leiking said, the Malaysian economy is likely to remain on a steady path as the country’s macroeconomic fundamentals remain strong despite domestic and external challenges.
“Miti and Mida trust that with the existing policies in place, Malaysia will continue to spark confidence in investors and business owners, and attract more quality investments this year.
“We look forward to the realisation of these projects and many more towards a dynamic economy for Malaysia,” he added.