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Favelle Favco Clinches Crane Supply Deals Worth Over $28 Million

MT Newswires ·  09/27 13:38

01:36 AM EDT, 09/27/2022 (MT Newswires) -- Construction cranes manufacturer Favelle Favco (KLSE:FAVCO) said its units bagged six deals to supply cranes and powerpack from six vendors worth a total 130.8 million ringgit ($28.4 million), according to a Monday bourse filing.

Favelle Favco Cranes secured deals from Marr Contracting, O.R.E.C. Engineering Holdings, Lindores Construction Logistics, Favco Heavy Industry (Changshu), McDermott Middle East, Zachry Industrial.

The contracts are expected to have a positive impact on company earnings, it noted.

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