TRC Synergy wins half-a-billion ringgit construction project

KUCHING: TRC Synergy Berhad has on December 3via its wholly- owned subsidiary Trans Resources Corporation Sdn Bhd, clinched its largest contract yeartodate worth RM498.7 million from Petronas majority owned Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya.

With the addition of this new multi-million ringgit contract, TRC Synergy’s order book will effectively surge to the height of RM3 billion.

A filing with Bursa Malaysia showed that this oroject involves the construction and completion of an Integrated Development Project at Plot 8MD3, Precinct 8 of Putrajaya, with a contract duration of 57 months, comprises residential towers, podium block, retail space, serviced apartments, common facilities, high street, facilities block for serviced apartments, facility floor, show gallery, event hall, promenade, basement as well as elevated parking and other ancillary works.

TRC Synergy managing director Tan Sri Sufri Mohd Zin said: “We are pleased to have secured TRC Synergy’s single largest contract win in 2018. This is a fitting testament to the trust and confidence that the Group has gained, given our more than 3 decades of track record for many prominent clients in the construction industry.

“This latest project underscores the calibre of our people and the quality of work that we consistently deliver.

“The Group continues to deliver a resilient performance and a sustainable growth despite the challenging business environment in the domestic construction sector. Moving forward, TRC Synergy will remain focused in executing the best strategies to meet the ever- evolving needs of our existing and prospective clients, and the challenges in the industry.”

“Having clinched new contracts in 2018 with a collective RM716 million, we now have a strong order book of RM3.0 billion as well as a clear revenue and earnings visibility stretching into 2021.

“We are very confident that TRC Synergy’s contract winning momentum will continue, riding on our existing tenders book as well as new biddings to be participated by the Group going forward.”