Azerbaijan, Baku, Oct. 6 / Trend , G.Dadashova /
KNM Group Bhd's unit, KNM Process Systems Sdn Bhd, and Lukoil Uzbekistan Operating Company have clinched a RM227.61 million (about US$71.349 million) contract in Uzbekistan, BERNAM reported.
The contract is for the development of documentation and equipment supply facility "booster compressor station" at the Khauzak site in Uzbekistan, KNM said in a filing to Bursa today.
The contract is expected to contribute positively to KNM Group's earnings for three financial years, beginning 2011.
KNM Process Systems Sdn Bhd, a wholly owned subsidiary of KNM Group Berhad, is the Malaysian flagship of the KNM Group. Incorporated in 1990, the company today is a world renowned provider with businesses ranging from process plants, modules & equipment manufacturing to turnkey systems provider and plant operation & maintenance services.
Lukoil Uzbekistan Operating Company is a 100-percent subsidiary of Lukoil NC in Uzbekistan.