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Economy
26/05/2011
KNM secures US$71.6m Uzbekistan job
KNM secures US$71.6m Uzbekistan job
Tashkent, Uzbekistan (UzDaily.com) --
KNM Group Bhd's wholly owned subsidiary, KNM Process Systems Sdn Bhd, has won a US$71.6 million contract from Lukoil Uzbekistan Operating Company.
In a filing to Bursa Malaysia today, KNM Group said the company had "won the bid and had been accepted for the contract for the development of documentation and equipment supply facility 'booster compressor station' at the Khauzak site in the Republic of Uzbekistan".
The contract duration is about 24 months and subject to contract signing, Bernama reported
The project is expected to contribute positively to KNM Group's earnings for the financial years ending 31 December 2011 and 31 December 2012.
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