Wah Seong bags RM135m contract

PETALING JAYA: Wah Seong Corp Bhd's (WSC) indirect wholly-owned subsidiary Wasco Engineering International Ltd has been awarded a US$34.56 million (RM135.24 million) contract by Iraqi company Basrah Gas Company for the design, packaging and sale of gas compressor packages and associated plant and site facilities.
The scope of work of the contract involves provision of gas compressors and process equipment such as tri-ethylene glycol unit, and others.
The activities undertaken will include engineering, detail design, procurement and packaging of the process equipment. The activity is expected to commence in March 2018 and to be completed by end of 2018.
"The contract is for the provision of engineering, design, supply and fabrication services, which are within the business scope of the engineering division of the WSC group. The WSC group has previously supplied similar packages to the same customer in Iraq," WSC said in a stock exchange filing.
The contract is expected to contribute positively to the earnings of WSC group over the contract period. The contract is project specific and is not renewable.