General Announcement

13/07/2004

Orders secured by KNM Process Systems Sdn Bhd and KNM Special Equipment (Changshu) Co Ltd.

KNM GROUP BERHAD

Type

Announcement
SubjectOrders secured by KNM Process Systems Sdn Bhd and KNM Special Equipment (Changshu) Co Ltd.

Contents :

1. Introduction


    KNM Group Berhad (KNM) is pleased to announce that KNM Process Systems Sdn Bhd (KNMPS) and KNM Special Equipment (Changshu) Co Ltd (KNMSPEC), its direct and indirect wholly-owned subsidiaries respectively, have recently secured new orders from its clients for international oil, gas and petrochemical projects located in China, Australia and Canada.
2. The secured orders

    For the months of June and July 2004, KNMPS secured orders from its clients for the following international oil, gas and petrochemical projects -

    (a) supply of columns for the Otway Gas Plant in Australia;
    (b) supply of towers, heat exchangers and drums for the Integrated Isocyanates Project in Shanghai, China; and
    (c) supply of Gasification Syngas Effluent Coolers for Long Lake Upgrader Project in Canada.

    Also in June and July 2004, KNMSPEC secured orders from its clients for the following oil, gas and petrochemical projects in China -

    (a) supply of deaerators for the Integrated Isocyanates Project in Shanghai;
    (b) supply of stainless steel drums for the Integrated Isocyanates Project in Shanghai; and
    (c) supply of carbon steel towers for the CSPC Nanhai LOP Project in Nanhai.

    The value of the orders secured in the said 2 months are estimated at RM62.1 million.
3. Information on KNMPS

    KNMPS is a Malaysian process equipment manufacturer and storage facilities provider with the capability to undertake the designing, manufacturing, fabricating, construction, assembly, commission and maintenance of process equipment, mounded bullets, pressure vessels, heat exchangers, skid mounded assemblies, process piping systems, storage tanks, specialised structural assemblies and module assemblies for the oil, gas and petrochemical industries. Its major products include process vessels, storage facilities, LPG mounded bullets, heat exchangers and air coolers, and specialised steel structural systems. KNMPS also provides its customers with maintenance services as an after sales service.

4. Information on KNMSPEC

    KNMSPEC was incorporated in China and is a wholly-owned subsidiary of KNM Overseas China Sdn Bhd, which is in turn an indirect wholly-owned subsidiary of KNM. KNMSPEC undertakes the designing, manufacturing, assembly, commissioning and maintenance of process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialized structural assemblies and module assembling for the oil, gas and petrochemical industries within China.
5. Approvals

    The award is not subject to the approval of the shareholders of KNM, KNMPS, KNMSPEC or the approval of any regulatory authority in Malaysia.
6. Directors' and major shareholders' interest

    None of the directors or substantial shareholders of KNM, or any persons connected to them, has any direct or indirect interest in the above secured orders.
7. Effects of the orders

    The above orders are expected to contribute positively to the KNM Groups earnings and net tangible assets for the financial years ending 31 December 2004 and 31 December 2005.
This announcement is dated 13 July 2004.

Announcement Info

Company NameKNM GROUP BERHAD  
Stock Name KNM
Date Announced13 Jul 2004  
CategoryGeneral Announcement
Reference NoKG-040713-54565

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