ZGL zicom group limited
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News: Zicom Group, Chinese partner win US$23M contract to supply gas plants

  1. Proactive
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    04/12/14
    10:10
    Post #: 14405727

    Zicom Group (ASX:ZGL) and its Chinese partner have won a US$23 million (A$27.3 million) contract to supply two turn-key gas processing plants in Bangladesh.

    The project will involve joint-engineering and joint execution by the company and its partner, an engineering institute of one of the largest Chinese petroleum companies.

    It is fully financed by the Asian Development Bank.

    Zicom is also seeking more contracts of a similar nature.

    The company had confirmed orders totalling S$68.5 million (A$62.2 million) as at 30 November 2014.

    Of this, S$67 million is expected to be delivered in FY2015.

     

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