Daya Materials, Uzma bag 3-year deals

By TMR

Daya Materials Bhd and Uzma Bhd received contracts from Petroliam Nasional Bhd (Petronas) and Petronas Carigali Sdn Bhd respectively.

In a filing to Bursa Malaysia yesterday, Daya Materials’ wholly owned, subsidiary Daya Secadyme Sdn Bhd (DSSB), had on Jan 2 received an offer from Petronas for the supply and delivery of specialty chemicals.

The three-year contract commences from Jan 8, 2018, with two options for an annual extension.

Estimated value of the contract was not revealed.

“The delivery of the contract will be addressed via purchase orders to be issued to DSSB from time to time, when the supply of the said specialty chemicals are required,” Daya Materials noted.

The group’s outstanding orderbook as at Sept 30, 2017, stood at RM608 million as year-to-date contract wins totalled an estimated RM191 million for the financial year ended Dec 31, 2017.

In a separate filing, Uzma’s unit, Uzma Engineering Sdn Bhd, received three umbrella contracts from Petronas Carigali for the provision of electrical submersible pump and services.