Salcon wins RM18.5mil construction contract

KUALA LUMPUR: Salcon Bhd’s wholly owned subsidiary, Salcon Engineering Bhd, has secured a contract worth RM18.5mil from LTE Engineers Sdn Bhd on behalf of F&N AgriValley Sdn Bhd.

In a filing with Bursa Malaysia, Salcon said the contract is for the proposed external water reticulation works in Gemas, Negeri Sembilan for F&N AgriValley.

Salcon added the project is a construction contract and has no option for renewal.

“The project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial year ending Dec 31. 2025 onwards,” it said.