Building and infrastructure construction services provider, Nestcon Berhad has secured a RM25.1 million contract from MMC Engineering for main infrastructure works for the Petrochemical & Maritime Industry Centre Development located at Tanjung Bin, Pontian, Johor.
Under the contract, Nestcon will undertake the main infrastructure works comprising the supplying of all services, labour, plant and material for the construction, completion, testing and commissioning (if applicable) of the works. The project is slated to complete within a period of 10 months upon the site possession date.
This RM25.1 million contract is the third project secured since its listing, which will add to the outstanding order book of approximately RM1.5 billion and providing earnings visibility for the next 3 years.
Nestcon Group MD Datuk Ir. Dr. Lim Jee Gin was honoured to be entrusted by MMC to undertake the infrastructure works.”we believe our proven track record and established technical capabilities, especially our competency in infrastructure projects, are the success factors behind our win. Moving forward, we will strive to further strengthen relationships with industry leaders, such as MMC, to broaden our footprint in the infrastructure segment,” he said.
On a macro level, the group is cognisant of the challenging operating landscape brought about by the ongoing movement restrictions. Notwithstanding that, Nestcon continues to have its hands full working on more tenders totalling RM3.0 billion. There expecting to secure more contracts in the coming months, particularly for the civil engineering and infrastructure segment which constitutes majority of the tenders.
