Kumpulan Perangsang Selangor Bhd (KPS) 51% subsidiary, Aqua-Flo Sdn Bhd, clinched a supply contract from Pengurusan Air Selangor Sdn Bhd. Valued at approximately RM91.6 million, the contract will run for 14 months from 1 November 2021 to 31 December 2022.
Aqua-Flo, having established a reputation in the water industry as one of the country’s major water chemical companies, shall supply, transport, and deliver water chemicals to water treatment locations specified by Air Selangor or its subsidiary and associated companies.
The contract, which was secured via an open tender, bears an option for extension upon the request by Air Selangor. It is expected to contribute positively to KPS net assets and earnings starting for financial years ending 31 December 2021 to 2022.
“Winning this contract is instrumental in executing the Group’s overarching sustainability agenda. We take serious consideration to embed, be it directly or indirectly, a significant environmental aim into our business strategy and objective of ensuring the availability and sustainable management of water. This strategy execution is in line with one of the United Nations Sustainable Development Goals.
“From a commercial perspective, the increasing demand for chemicals by the largest water operator in Malaysia display Air Selangor’s confidence in Aqua-Flo’s playing an important role in ensuring the sustainability of clean and safe water supply in Selangor,” says KPS’ Managing Director/Group CEO, Ahmad Fariz Hassan.
As a local pioneer in the provision and supply of chemicals to water, waste, and sewage treatment industries, Aqua-Flo enjoys the advantage of technological and market leadership, priding itself in providing quality service and products by adopting sustainable business practices.
It supplies chemicals such as Liquid Chlorine, Polyaluminium Chloride and Hydrated Lime and Liquid Alum. Positioned to benefit from the increasing demand for water treatment chemicals leading to a sustainable water supply in the country, Aqua-Flo has been extending its services to water treatment plants in all other states in Malaysia.