JAG bags waste management contract

KUALA LUMPUR: JAG Bhd’s wholly owned subsidiary, Jaring Metal Industries Sdn Bhd (JMI) has secured a total waste management services contract worth a total of RM150mil from Infineon Technologies (M) Sdn Bhd.

In a filing with Bursa Malaysia, JAG stated under the agreement, JMI will be providing total waste management services to Infineon, where JMI will manage all types of waste or by-products generated from Infineon’s production activities, including scheduled waste, non-scheduled waste and critical scrap.

The agreement is for a period of three years commencing from Aug 1, 2023 and is valued at RM50mil per year, subject to the terms and conditions stated in the agreement, JAG added.