Plytec wins RM26.3mil contract from Setiakon Builders

KUALA LUMPUR: Plytec Holding Bhd’s wholly-owned subsidiary, Plytec Formwork System Industries Sdn Bhd has secured a RM26.3mil contract from Setiakon Builders Sdn Bhd.

Plytec, in a filing with Bursa Malaysia, said the contract is for the design, supply, delivery, fabrication, installation, and rental of temporary works equipment for the proposed three blocks of serviced apartments comprising 1,546 units.

The contract period for the entire project is 27 months commencing from June 2024 and shall be completed in August 2026.

Plytec said the contract is expected to contribute positively towards its future earnings for the duration of the contract.