SCIB bags RM135m EPCC job in Perak

KUALA LUMPUR (March 15): Sarawak Consolidated Industries Bhd (SCIB) has bagged an engineering, procurement, construction and commissioning (EPCC) job worth approximately RM135 million in Muallim, Perak.

The group said its wholly-owned subsidiary SCIB Properties Sdn Bhd has accepted a letter of award and acceptance for the development of Malaysia civil servants housing programme (PPAM), according to an exchange filing today.

The client is Puncak Gemilang Melati Sdn Bhd and the total duration of the job is 26 months.

SCIB said the job is not expected to have any material effect on the net assets of SCIB and its group of companies (SCIB Group) for the financial year ending Dec 31, 2021.

“The contracts secured are expected to contribute positively to SCIB Group’s future earnings over the duration of the contracts,” said the group.

The risk factors included construction risk, increase in cost due to any escalation of material costs, availability of skilled manpower, materials and contractual terms including default provision and subcontractors’ performance as well as foreign exchange risks due to currency fluctuations, said SCIB.

“However, SCIB will put in place control measures and operational procedures to mitigate the risks,” it added.

Get the latest news @

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
  1. After terminating six EPCC contracts abroad, SCIB secures RM64m job in KL
  2. Sarawak Consolidated subsidiary bags RM120m PR1MA housing project
  3. Sarawak Consolidated Industries and its unit bag contracts worth RM821m