EPCC | Jotup

Technip Energies Awarded a Major LNG contract for the North Field South Project by QatarEnergy

Retrieved on:

Tuesday, May 16, 2023

Technip Energies (Paris:TE) (ISIN:NL0014559478) is pleased to announce that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major1 Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS).

Key Points:

Technip Energies (Paris:TE) (ISIN:NL0014559478) is pleased to announce that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major1 Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS).
The expansion project will produce approximately 16 Mtpa of additional LNG, increasing Qatar’s total production from 110 to 126 Mtpa.
Arnaud Pieton, CEO of Technip Energies, commented: “We are extremely honored to have been awarded by QatarEnergy this mega LNG project, along with our long-standing partner CCC, a leading construction company for LNG trains.
(1) A “major” award for Technip Energies is a contract award representing above €1 billion of revenue.

SCIB Granted RM16.8 Million Contract for School Construction

Retrieved on:

Tuesday, March 28, 2023

EPCC, SCIB, BHD, IBS, Engineering, Fine chemical

(SCIBIBS), has been awarded an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn.

Key Points:

(SCIBIBS), has been awarded an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn.
We are actively pursuing projects for dilapidated schools in Sarawak and Sabah, which have been allocated RM920 million.
The Company's share price as of 28 March 2023 is 0.125 sen with a market capitalisation of RM72.8 million.
SCIB has an order book of RM388 million as of March 2023.

Samaiden Gets Bursa Approval for the transfer to Main Market

Retrieved on:

Monday, March 27, 2023

RE, EPCC, SC, Power, Main Market, Onitsha, Government, Engineering, Letter, Renewable energy

Group Managing Director of Samaiden, Ir.

Key Points:

Group Managing Director of Samaiden, Ir.
Chow Pui Hee
Bursa Securities had, vide its letter dated 27 March 2023, approved the transfer under the "Industrial Products & Services" sector.
The transfer of listing will take effect two market days upon the announcement to Bursa Securities on the transfer date to be announced later.
Chow Pui Hee said, "The successful transfer of listing of Samaiden to the Main Market is testimony to the strength of our business and track record of EPCC projects that we have completed.

SCIB Awarded RM20.65 million Project to Rebuild School

Retrieved on:

Thursday, March 2, 2023

SCIB, Engineering, EPCC, School, RM1, JKR, IBS, Hospital, Link, BHD, Construction, Tutoring

KUCHING, MALAYSIA, Mar 2, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group's wholly-owned subsidiary, SCIB Industrialised Building System Sdn.

Key Points:

KUCHING, MALAYSIA, Mar 2, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group's wholly-owned subsidiary, SCIB Industrialised Building System Sdn.
The contract has a duration of 24 months and comes under the third phase of the Sarawak government's RM1 billion allocation for dilapidated schools.
Rosland bin Othman, Group MD and CEO of SCIB (Link) Group Managing Director of SCIB, Encik Rosland bin Othman said, "This project from JKR is part of the nationwide programme to rebuild or renovate dilapidated schools, especially in rural areas where children already face challenges from lack of infrastructure.
We also note with interest the RM920 million set aside for dilapidated schools in both states."

SCIB Posts Higher Revenue of RM66 Million in 1H FY2023

Retrieved on:

Monday, February 27, 2023

Growth, SCIB, LBT, Engineering, PBT, EPCC, IBS, Industrialised building system (IBS), Video game

The Company recorded a narrower loss before tax (LBT) of RM3.7 million in 1H FY2023 compared with LBT of RM4.0 million in 1H FY2022.

Key Points:

The Company recorded a narrower loss before tax (LBT) of RM3.7 million in 1H FY2023 compared with LBT of RM4.0 million in 1H FY2022.
For the second quarter ended 31 December 2022 (2Q FY2023), the Company's revenue decreased 5.6% to RM36.0 million compared with RM38.1 million in 2Q FY2022, while LBT widened to RM2.8 million compared with RM1.3 million reported in 2Q of the previous financial year.
Revenue contribution from the manufacturing business increased 6.9% to RM45.7 million in 1H FY2023 compared with RM42.8 million in 1H FY2022, while revenue contribution from the engineering, procurement, construction, and commissioning (EPCC) business decreased marginally to RM20.2 million compared with RM21.4 million.
For 2Q FY2023, the manufacturing business contribution to revenue decreased to RM21.6 million compared with RM23.7 million in 2Q FY2022, while EPCC business revenue contribution remained stable at RM14.0 million.

Samaiden Posts 36% Gain in Revenue to RM40 Million in 2Q

Retrieved on:

Tuesday, February 21, 2023

PAT, RE, PBT, Plant, Maintenance, Engineering, The First Half of My Life, EPCC, Renewable energy

Chow Pui Hee

Key Points:

Chow Pui Hee
Samaiden recorded a 10.48% gain in profit before tax (PBT) to RM3.48 million in 2Q FY2023 compared with RM3.15 million for 2Q FY2022 while profit after tax (PAT) increased 14.60% to RM2.59 million compared with RM2.26 million.
For the first-half of the financial year 2023 (1H FY2023), revenue increased 52.14% to RM81.00 million compared with RM53.24 million in 1H FY2022 while PBT gained 14.77% to RM6.76 million compared with RM5.89 million.
Samaiden's PAT increased 16.67% to RM5.04 million compared with RM4.32 million in the same period.
Samaiden's total outstanding orderbook stood at RM269.54 million as at 31 December 2022 and is expected to contribute positively to revenue and profit over the next three years.

SCIB Terminates Indonesian Project

Retrieved on:

Tuesday, February 14, 2023

Labuan, SCIB, Engineering, EPCC, COVID-19

KUCHING, MALAYSIA, Feb 14, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company's wholly-owned subsidiary, SCIB International (Labuan) Ltd. (SCIBILL), has issued a notice of termination to PT Cipta Multi Sarana (PTCMS) for the proposed engineering, procurement, construction and commissioning (EPCC) project involving earthworks for the Prabumulih-Muara Enim tolled road located in Sumatera, Indonesia valued at RM55.59 million.

Key Points:

KUCHING, MALAYSIA, Feb 14, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company's wholly-owned subsidiary, SCIB International (Labuan) Ltd. (SCIBILL), has issued a notice of termination to PT Cipta Multi Sarana (PTCMS) for the proposed engineering, procurement, construction and commissioning (EPCC) project involving earthworks for the Prabumulih-Muara Enim tolled road located in Sumatera, Indonesia valued at RM55.59 million.
Group MD and CEO of SCIB, Encik Rosland bin Othman
SCIBILL, which accepted a letter of award for the EPCC project on 18 August 2020 from PTCMS, has decided to take the necessary measures to protect its interests following the lack of progress in the project arising from uncertainties related to the COVID-19 pandemic and in view of the initiatives being taken to review and update SCIB's order book records.
Group Managing Director of SCIB, Encik Rosland bin Othman said, "The termination is in the best interests of the Company as there has been no progress on the project.
On the part of PTCMS, it has acknowledged that there are no penalties or liquidated ascertained damages on SCIBILL."

SCIB Enforces Rights to Withdraw from Project

Retrieved on:

Friday, January 27, 2023

BHD, Letter, EPCC, SCIB, KHSB, Engineering, Risk management

(KHSB) for the proposed engineering, procurement, construction and commissioning (EPCC) contracts involving a specialist hospital project located in Johor Bahru.

Key Points:

(KHSB) for the proposed engineering, procurement, construction and commissioning (EPCC) contracts involving a specialist hospital project located in Johor Bahru.
SCIB and KHSB have mutually agreed to the Company withdrawing from the project.
As part of the withdrawal from the project, KHSB will reimburse under a settlement agreement, the commitment fee amounting to RM1.65 million that SCIB had paid out in two tranches.
Group Managing Director of SCIB, Encik Rosland bin Othman said, "The Company is enforcing its rights under the contracts and taking the necessary measures to protect SCIB's interests in mitigating the risks arising from the long delay or non-movement of project progress due to the uncertainties and inability to secure the necessary operator for the project.

Minetech Awarded RM36.71 Million Mini-Hydro Project

Retrieved on:

Wednesday, January 11, 2023

Tesdec is wholly-owned by the Terengganu government while Tesdec Hydropower is principally involved in renewal energy (RE) activities, development and facilities in the state.

Key Points:

Tesdec is wholly-owned by the Terengganu government while Tesdec Hydropower is principally involved in renewal energy (RE) activities, development and facilities in the state.
Awang Daud bin Awang Putera, Executive Chairman of Minetech said, "This project represents for us another step forward in our venture into RE that began in 2020 as part of an organisational transformation at Minetech, which includes diversification and rationalisation.
"The 3MW mini-hydro power plant project will allow us to also showcase what Minetech is capable of as we seek more opportunities in RE.
Azlan Shah bin Zainal Arif, Executive Director of Minetech Resources Bhd

'Switching On the SUN' - Samaiden Officially Turns on First Power Generation Facility at Sunway Nexis

Retrieved on:

Friday, December 23, 2022

's first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.

Key Points:

's first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.
Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng[L]; Group Managing Director of Samaiden, Ir.
Based on the generation of 12.5 million kilowatt hour (kWh) over the 20-year period, this can reduce approximately 8,400 tonnes of carbon emissions.
I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation's initiative on implementing Environmental, Social and Governance (ESG) principles in the workplace.