Federal unit bags US$17m UAE deal
FEDERAL International (2000) Ltd's unit, Federal Hardware Engineering Co Pte Ltd, has been awarded a US$17 million contract from a UAE company, Ras Al Khaimah Gas Commission, to supply 76km of line pipes for its various projects at the UMM Al Quwain offshore gas and condensate field.
Delivery is expected to be completed by the end of 2006. The contract is expected to have a positive material impact on Federal's earnings per share.
《The Business Times》