KNM Group Berhad through its indirect wholly-owned subsidiary, FBM Hudson Italiana SpA has been given a purchase order from US-based Bechtel International for the supply of Air Cooled Heat Exchangers, amounting to approximately RM111 million.
FBM which was incorporated as a private limited company under the laws of Italy is principally involved in the design, engineering, procurement and manufacturing of process equipment, including pressure vessels, reactors, columns and towers, and general facilities for the oil, gas, petrochemicals, minerals processing and renewable energy industries worldwide.
Bechtel a very large construction company headquartered in Virginia USA, is a trusted engineering, construction and project management partner to industry and government. Bechtel serves the Energy; Infrastructure; Nuclear, Security & Environmental; and Mining & Metals markets. The Transaction is subject to certain commercial and financial risks mainly in the power, oil, gas, petrochemical, and energy industries.
KNM Group’s major customers are the international refining, petrochemicals, energy and global engineering contractors amongst whom many are Fortune 500 companies. It has a global footprint with about 90% of its revenues are realised from the export markets.
As an established brand in the industries it operates, the KNM Group is focused in designing and engineering of innovative solutions, state-of-the-art technology, profound technical know-how and the ability to deliver superior quality products and services to its customers
