Fibromat wins RM283.5mil contract for Central Spine Road works
KUALA LUMPUR: Fibromat (M) Bhd 's wholly-owned subsidiary, MTS Fibromat (M) Sdn Bhd has secured a contract worth RM283.5mil from Casa Hartamas Sdn Bhd.
In a filing with Bursa Malaysia, Fibromat said the subcontract was for the supply of materials, labour, and equipment for geotechnical and erosion control works under the Central Spine Road Package 2 and Section 2A.
The project involves road construction from the Sungai Lakit Bridge to Gua Musang and from the bridge to Paloh 2, in Kelantan.
The geotechnical solutions and specialist engineering company said the construction period spans 24 months, from May 15, 2025, to May 15, 2027.
MTS Fibromat plays the role of a subcontractor to the contractor, Casa Hartamas, who has received the award to build the road from the main contractor Core Value Sdn Bhd. The ultimate owner of the Central Spine Road is the Public Works Department.
'This project marks a significant milestone for Fibromat as it represents our first foray into infrastructure construction services, specifically in contributing to a portion of the Central Spine Road project in Kelantan.
'It presents an excellent opportunity for us to expand our capabilities and diversify our portfolio beyond our core expertise. We are honoured to be entrusted with this role and are committed to delivering high standards of quality and safety,' Fibromat managing director and chief executive officer Danny Ng Kian Boon said in a statement.
'In accordance with the JKR Works Schedule, our scope of work includes, but is not limited to, demolition and site clearance, earthworks, drainage works, pavement works, road furniture, environmental protection works, geotechnical components, and supporting structural works.
'This venture supports our strategic goal of gradually establishing a presence in infrastructure development as a turnkey service provider in Malaysia,' he added.
With this new project, Fibromat's outstanding order book rises to about RM317.8mil as at May 15.
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