
KUALA LUMPUR: KNM Group Bhd has secured a RM143 million contract from Impress Ethanol Co Ltd to build a bioethanol plant in Thailand.
The contract involves the engineering, procurement, construction and commissioning of a 200,000 litres per day cassava-based bioethanol plant in Chachaengsao, Thailand.
The new job was secured through its wholly owned subsidiary KNM Process Systems Sdn Bhd (KNMPS) and affiliated company KNM Projects (Thailand) Co Ltd (KNMPT). The project is expected to be completed within 18 months.
The order is expected to contribute positively to KNM's earnings for the financial years ending Dec 31, 2010 and Dec 31, 2011.