KUALA LUMPUR (May 15): Daya Materials Bhd’s wholly-owned subsidiary, Daya CMT Sdn Bhd (DCMT) has secured a construction contract worth RM57 million from Gemesis Malaysia Sdn. Bhd.

In a filing Tuesday, Daya Materials said the contract was to build a new 1-Storey Factory and 2-Storey Office and Facilities at Taman Sains Pulau Pinang, in Penang.

The company said the project was scheduled to begin in June 2012 and expected to be completed within 9 months (June 2012 – March 2013).

DCMT will fund the development of this project through internally-generated funds and bank borrowings, it said.

Daya Materials said the contract was expected to contribute positively towards the its earnings  for the period of the project.