ECONPILE GETS RM280M JOB FROM ASM DEVELOPMENT
PETALING JAYA: Econpile Holdings Bhd’s wholly owned subsidiary Econpile (M) Sdn Bhd (EMSB) has received a letter of award for a RM280 million contract from ASM Development (KL) Sdn Bhd. The job is to undertake diaphragm wall, contiguous bored pile, earthworks, piling works and basement structure works of a mixed development comprising of a seven-block serviced apartments, retail and car park at Mukim Petaling, Kuala Lumpur. The overall duration of the contract is 15 months. The contract is the mainstream business of EMSB and is expected to contribute positively to the revenue and earnings of Econpile for the financial year ending June 30, 2017.