KNM accepts RM22.6m contract from PSS Netherlands BV

KUALA LUMPUR: KNM Group Bhd's unit has accepted a US$5.35mil (RM22.63mil) purchase order from PSS Netherlands BV Sharjah Branch for the supply of shell and tube heat exchangers to a major oil refinery in Sriracha, Thailand.

KNM said in a stock exchange filing that the contract is for a period of not longer than 10 months, commencing from the date of the purchase order.

"The Transaction is expected to contribute positively to KNM Group’s earnings for the financial year ending 31 December 2019 and 31 December 2020," it said.