SUBANG JAYA, 5 February 2024 – Salcon Berhad (“Salcon” or “the Company”) is pleased to announce that Envitech Sdn Bhd, a 60% owned subsidiary of Salcon Engineering Berhad, which in turn is a wholly-owned subsidiary of the Company has accepted a Letter of Award from Penang Development Corporation (“PDC”) for the design and construction of sewer pipelines and related works in Batu Kawan Industrial Park, Penang.
The contract valued at RM19.68 million, will commence on 5 February 2024 for a duration of 24 months, and is expected to be completed on 4 February 2026.
“As we mark Salcon’s 50th anniversary this year, we are thrilled to receive the Letter of Award for this project, a testament of our client’s strong confidence in Salcon. With Envitech Sdn Bhd, our wastewater subsidiary, boasting a solid 40-year track record and extensive expertise in the wastewater sector, we have full confidence in executing the project to successful completion”, said Mr Jamiluddin Amini Sulaiman, Chief Operating Officer of Salcon Engineering Berhad.
The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2024 and 31 December 2026.
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