|Daya Materials’ unit gets RM57m construction contract|
|Business & Markets 2012|
|Written by Surin Murugiah of theedgemalaysia.com|
|Tuesday, 15 May 2012 17:33|
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.