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KUALA LUMPUR (March 19): Lafarge Malaysia Bhd will be supplying RM270 million worth of cement for all eight packages of work for the East Coast Rail Link (ECRL) project.
This follows a contract signed today by the group’s wholly-owned subsidiary Lafarge Cement Sdn Bhd with China Communications Construction (ECRL) Sdn Bhd.
“The contract is from now until Dec 31, 2019 with the option for parties to renew the contract for a further two years, subject to mutually-agreed renewal terms and conditions,” Lafarge said in a filing with Bursa Malaysia.
Lafarge shares closed down two sen or 0.44% at RM4.50, for a market capitalisation of RM3.93 billion today. — theedgemarkets.com
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