Sarawak Consolidated Industries Berhad (SCIB) announced that the company’s wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd secures contract works from S & I Urban Designers Sdn Bhd worth RM16.8 million today (Dec 4).
Industrialised building systems specialist said it had accepted ta Letter of Award and Acceptance (LOA) for the supply and delivery of precast components for the apron and taxiway of Projek Pembinaan Pangkalan Pasukan Gerakan Udara PDRM Sarawak.
This project, involving both design and construction elements, is scheduled to run from Dec 5 through Oct 4, for a period of 10 months.
SCIB group managing director Ku Chong Hong expressed enthusiasm about this new venture, saying it is a testament to SCIB’s capabilities and commitment to delivering high-quality, efficient building solutions.
“Our expertise in industrialised building systems positions us uniquely to contribute significantly to this prestigious project.
“We are delighted to collaborate with S & I Urban Designers Sdn Bhd and are confident that this partnership will yield excellent results, further enhancing our reputation in the industry,” he said.
This project represents a significant step for SCIB in expanding its portfolio in the construction and engineering, procurement, construction and commissioning (EPCC sector), while demonstrating the ability to secure and deliver on large-scale and high-value projects.
“SCIB looks forward to contributing to the success of the Projek Pembinaan Pangkalan Pasukan Gerakan Udara PDRM Sarawak.”
With this new contract, SCIB’s order book balance now stands at RM273.99 million, further bolstered by a share price of RM0.78 and a market capitalisation of RM499.4 million as of 5pm today.
