KUALA LUMPUR: CB Industrial Product Holding Bhd’s (CBIP) subsidiary, Modipalm Engineering Sdn Bhd, has been awarded a contract worth RM29.21 million by PT Bhumireksa Nusasejati to build a palm oil mill in Indonesia.
In a statement yesterday, CBIP said the contract was for the execution and completion of the design, construction, installation, testing and guarantee of performance of a 45-tonnes-per hour palm oil mill in Mandah. Bhumireksa is a unit of PT Minamas Plantation, which in turn, is a subsidiary of the Sime Darby group.
This article appeared in The Edge Financial Daily, December 8, 2009.