GEORGE KENT BID FOR RM400M PAHANG-SELANGOR WATER TRANSFER JOB

GEORGE KENT BID FOR RM400M PAHANG-SELANGOR WATER TRANSFER JOB
Business 2008-08-25 23:45 Sin Chew Online

GEORGE KENT (M) has submitted its bid for a RM400m job to build raw water intake and piping stations for the RM9 bil.Pahang-Selangor interstate raw water transfer project.

" .... The project has been divided into several packages,and we are at the pre-qualification stage for Package 3A...."said MD - LEE PUI LENG. The project is scheduled to be completed in 36 months.

LEE was quoted in THE EDGEONLINE on Jul 23, 2008 saying that the results of the tender will be known in 2 to 3 months time.He also said that George Kent would bid for other water-related projects under the Ninth Malaysia Plan (9MP).

PAHANG-SELANGOR WATER TRANSFER TUNNELLING SHORT-LIST
Under the water transfer project, water from three drainage basins of the Pahang River viz. Kelau, Telemong and Bentong will be transferred to Selangor via pipelines.

Three Japanese companies have been shortlisted to carry out the tunneling portion: SHIMIZU CORP which has UEM GROUP and IJM CORP as its partners, TAISEI CORP (with HRA TEGUH sb)and a stand-alone bid by KAJIMA CORP.

The water intake and piping stations will be used to pump raw water to the tunnel for the transfer to Selangor.

PRICE INCREASE OF PRODUCTS
GEORGE KENT - Chariman - TAN KAY HOCK said the Company had increased the prices of its products to mitigate the current high commodity prices.

" .... The raw material prices have been going up since five years ago, and the prices are now five times higher. However, we are still able to keep the margins ...." he said.

GEORGE KENT reported a flat Net Profit of RM1.9m for its1QE Apr 30, 2008, compared to RM1.8m in 1QE Apr 2007, whilerevenue surged 56.3% to RM25.6m from RM16.4m, on the back ofhigher sales of products and services.

The domestic market contributed 89.4% or RM22.9m to itsrevenue, while overseas markets accounted for the remaining RM2.7m. The Company exports to Europe, the Middle East, Africa,Australia and New Zealand.(By KLSETRACKER.com