Favelle Favco through its subsidiaries has announced that, Favelle Favco Cranes Pty. Limited, Favelle Favco Cranes (M) Sdn Bhd, and Favelle Favco Cranes Pte Ltd have received 5 new purchase orders from February to May.
With an approximate combined value of RM55 million, they are from Marr Contracting Pty Ltd, SR Marine Services Sdn Bhd, Yinson Bergenia Production BV, and GA Caelli Holdings Trust.
The group adds that new contracts are expected to contribute positively to the earnings and net assets for the financial year ending 31 December 2022 and beyond. Favelle is part of Muhibbah Engineering which has also started 2022 with new contracts it secured from Siemens in February.
