Leform Berhad’s 60%-owned subsidiary, LF Engineering Sdn Bhd has secured an RM10.05 million contract from Ganda Imbuhan Sdn Bhd to supply and install guardrails for Section 6 of the West Coast Expressway between Kapar Interchange to Assam Jawa Interchange.
The WCE is a 233km expressway that is being built on the West Coast of Peninsula Malaysia, connecting Taiping, Perak to Banting, Selangor. It will be the third longest highway in peninsular Malaysia after the 966km North-South Expressway and 330km East Coast Highway.
Managing Director Law Kok Thye commenting on the deal said the contract will contribute positively to the earnings up to the financial year ending December 2023.
Leform’s expansion plan includes the construction of a new warehouse storage facility to scale up storage area and operational efficiency while expanding product variety to include thicker gauge steel pipes. The company is looking forward to catering to higher production as it expects rising steel consumption driven by the recovery in the manufacturing and construction industries.
The company was listed on the ACE Market of Bursa Malaysia Securities Berhad in November and had successfully raised RM71.53 million from the public issue under its initial public offering to facilitate its expansion plans.
