Advancecon Holdings Berhad has secured another agreement worth approximately RM33.2 million to provide quarry operation and ancillary works at a site in Kinta, Perak.
Its subsidiary, Spring Energy’s will be engaging in drilling and ancillary work for quarry owner, Omya Malaysia Sdn Bhd, to operate the site for four years until 2025.
SESB will be appointed as the contractor to provide quarry operation services such as site management, drilling and blasting, extracting marble to loading, hauling of extracted materials to plant for crushing, and ancillary works.
Together with the recent RM18.8 million win, the new agreement will lift earnings potential for the group to about RM52 million in quarry operations.
Apart from the quarry operation rights in Perak, Spring Energy also manages quarry sites across Terengganu, Pahang, Negeri Sembilan and Selangor. In total, Spring Energy now operates at 10 mines in Peninsular Malaysia.
