Federal unit gets $13m deal

(2005-05-03)

FEDERAL International said last Friday that its Indonesian associated company cum partner, Gunanusa Utama Fabricators, has secured an engineering, procurement and construction contract worth US$46 million (S$76.2 million).

Of this amount, Gunanusa has awarded a procurement contract worth US$8 million (S$13.3 million) to Federal's wholly owned unit, Federal Hardware Engineering.

Federal said the contract will contribute towards the group's profitability this year.

《The Straits Times》

  

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