ECONPILE SE­CURES RM48.5M JOB IN KL

Firm to un­der­take Pe­labu­ran Har­tanah project in Jalan Con­lay

New Straits Times - - Business | News -

KUALA LUMPUR

PIL­ING and foun­da­tion spe­cial­ist Econpile Hold­ings Bhd has been awarded a RM48.5 mil­lion con­tract from Pem­bi­naan Kery Sdn Bhd to un­der­take pil­ing, base­ment and sub­struc­ture works for a mixed de­vel­op­ment in Jalan Con­lay, here.

The Pe­labu­ran Har­tanah Bhd (PHB) phase 1 mixed de­vel­op­ment project com­prises 33-storey of­fice space on top of an eight-storey podium on the site that housed the of­fice of the Kuala Lumpur Re­gional Cen­tre for Ar­bi­tra­tion. The base­ment works are slated to be com­pleted in about fif­teen months.

With the new con­tract, Econpile’s cur­rent order book now stands at RM1.4 bil­lion which is ex­pected to be recog­nised over the next two to three years, said the com­pany in a state­ment.

“This new con­tract win ce­ments our com­pet­i­tive ad­van­tage in un­der­tak­ing works for high-rise build­ings within mixed-de­vel­op­ment projects, which would en­able us to con­tinue in­creas­ing our mar­ket share de­spite the chal­leng­ing prop­erty sec­tor,” said Ray­mond Pang, ex­ec­u­tive di­rec­tor and group chief ex­ec­u­tive of­fi­cer.

He said the award was also a tes­ti­mony of the client’s con­fi­dence in Econpile’s abil­ity to carry out the pil­ing, base­ment and sub­struc­ture works within the stip­u­lated time­frame amid var­i­ous con­straints such as lo­ca­tion, traf­fic man­age­ment, limited work area and oth­ers.

PIC BY MUHAM­MAD ASYRAF SAWAL

Econpile ex­ec­u­tive di­rec­tor and group chief ex­ec­u­tive of­fi­cer Ray­mond Pang says its order book now stands at RM1.4 bil­lion with the con­tract win.

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