• Sunday , 23 June 2024

Eversendai Secures RM120 Million Malaysian Contract

Kuala Lumpur, 9 February 2015 – Eversendai Corporation Berhad, a specialist structural steel contractor has been appointed as the main contractor by PKT Logistics Group of Malaysia for a project worth RM120 million, which is scheduled to begin in March 2015 and completed by April 2016.

The RM120 million contract is to construct PKT Logistics’ 4th generation warehouse; dubbed the 12 Waves which will be a part of One Auto Hub in Batu Kawan, Penang. One Auto Hub is expected to emerge as one of the largest automotive logistics provider in Malaysia to cater to the needs of the automotive industry under the purview of the Northern Corridor Implementation Authority. The turnkey project will include 12 modular warehouses in the shape of waves, a Rest and Relax area for truckers and an office suite that comes equipped with a covered solar parking. The 12 Waves will also have an environmentally friendly rain water harvesting feature to improve energy efficiency and consumption with PKT Logistics Group aiming to have the building certified for the Green Building Index.

Tan Sri A K Nathan, Executive Chairman and Group Managing Director of Eversendai, said, “Securing the 12 Waves contract marks yet another phenomenal achievement for Eversendai Group in 2015. Having recently bagged the structural steel works contract for DAICEC of Reliance Industries Ltd in India and also Nas Indoor Futsal and Volleyball Arena in Dubai, winning this Malaysian contract has come at the right time. We have established a long-standing relationship with PKT Logistics Group, a leading logistics company in Malaysia after successfully constructing their RM65 million warehouse in 2010 and we are pleased to note their continued confidence in Eversendai’s ability. We were given a tight schedule for the construction of their warehouse in 2010 and we were able to deliver ahead of schedule while prioritising quality and safety”.

Tan Sri A K Nathan added “We take great pride in flying the Malaysian flag high with our track record in successfully executing landmark projects in the Middle Eastern and Asian region by adapting to local cultures. However, winning projects closer to home brings about its own sentiments and we look forward to securing more Malaysian projects in the very near future. The 12 Waves is only the first of three phases at One Auto Hub project valued at RM700 million, spread across over 70 acres of land in Batu Kawan, Penang. We acknowledge there is a fair amount of construction projects in the pipeline in Malaysia this year; both, in the Government as well as private sectors such as the MRT Line 2, Rapid development, Warisan Tower and Tun Razak Exchange. We are determined to strongly position ourselves in the local market by contributing to the Malaysian economy and we shall strive to succeed”.

Tan Sri A K Nathan concluded by saying, “We are confident that we will have a positive outlook in 2015. In the short space of two months, we have been able to secure contracts worth an estimated RM349 million and we look forward to finalising a few more projects in the next couple of months which will sustain the faith and confidence of all our stakeholders in our capabilities and ability to deliver”.

In line with its tagline, ‘Towering – Powering – Energising – Innovating’, Eversendai is continuously looking at delving into new opportunities in inter-related industries whilst maintaining its commendable performance and track record.