KUALA LUMPUR: KNM Group Bhd
has secured a US$43mil (RM175mil) contract to build a plant at Tanjung Langsat Port, Johor to produce carcinogen-free (green) rubber process oils for synthetic rubber and tyre industries.
The oil and gas company said on Friday its unit, KNM Process Systems Sdn Bhd had accepted the letter of award from Norman Process Oils Malaysia Plant Sdn Bhd to construct the treated distillate aromatic extract plant
“The duration of the contract is expected to be for 20 months commencing from an agreed date subject to the execution of a formal contract agreement to be duly signed between the parties,” it said.
At midday, KNM share price was flat at 46.5 sen.
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