Favelle Favco secures jobs worth RM79mil

PETALING JAYA: Favelle Favco Bhd has secured contracts totalling RM79.4mil through its subsidiaries, Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes Pty Ltd and Sedia Teguh Sdn Bhd.

In a filing with Bursa Malaysia, the engineering group said among contracts secured were the supply of an offshore crane to Servizi Energia Italia SpA by Favelle Favco Cranes, expected to be delivered by the end of 2024.

Favelle Favco Cranes is also set to provide a tower crane to Resolution Rigging Services Pty Ltd, with an anticipated delivery date in mid-2024. Sedia Teguh received contracts for new machinery replacements from various clients.