KUALA LUMPUR (May 27): KNM Group Bhd announced to Bursa Malaysia today that it has secured three contracts in Vietnam, Belgium and Johor worth approximately RM97.72 million combined.

The first contract was a purchase order from TPSK Consortium to supply shop assembled large columns for Package A1 of a Petrochemical Complex in South of Vietnam, worth US$12.77 million (around RM53.44 million). The job was secured by its wholly-owned unit KNM Process Systems Sdn Bhd.

The second contract is for the supply of reactor effluent air condensers to Sinopec Engineering (Group) Co Ltd at the Petronas RAPID Project in Pengerang, Johor, for US$4.47 million (around RM18.68 million), secured by its indirect wholly-owned FBM Hudson Italiana SpA (FBM).

FBM has also been awarded a technical goods and works purchase contract for the engineering, procurement, manufacturing, inspection, testing and delivery of Oleflex reactors for the new European propane dehydrogenation (PDH) project at the Borealis production site in Kallo, Antwerp, Belgium.

The contract — awarded by petrochemicals group Borealis Kallo NV — amounted to €5.46 million (around RM25.59 million), said KNM.

KNM's share price slipped one sen or 5% to close at 19 sen apiece today, giving the group a market capitalisation of RM450.19 million. The counter has gained 137.5% since the beginning of the year.