Malaysian firm eyes more Vietnam water contracts

15-Jan-2005 Intellasia | 14/Jan/2005 Business Times | 2:53 PM Print This Post

Malaysian Salcon Bhd is counting on its track record to land some of the RM900 million worth of jobs it has tendered for in Malaysia, Vietnam and two South Asian countries.
“Coupled with our current order book of RM320 million (US$84.22 million), which will keep us busy for the next eight years, the company will definitely perform better in 2005,” Salcon chief executive officer Datuk Lim See Teok said January 13 after the company’s annual general meeting.
Up to 60% of Salcon’s RM320 million order book comprises jobs in Malaysia. Listed over a year ago, Salcon is an engineering company specialising in water and wastewater treatment.
For its year ended July 2004, Salcon made a net profit of RM9.2 million on a RM146.7 million revenue.
Salcon has jobs in Vietnam, China, Indonesia, Thailand, Hong Kong and is currently looking at India, Sri Lanka and the Association of South-East Asian Nations.
Its subsidiary, Envitech Sdn Bhd, has completed more than 250 projects in wastewater and sewage treatment industry.
Salson is reportedly interested in the half completed Thu Duc water treatment Plant in HCM City after Lyonnaise Vietnam Water Co pulled out of the project in 2003.

 


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