KUALA LUMPUR: Civil engineering specialist Sarawak Consolidated Industries Bhd's (SCIB) wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd secured a RM16.8 million engineering, procurement, construction and commissioning (EPCC) subcontract from Majestika Sdn Bhd (MSB) for the construction of a school.
MSB, the main contractor for the project, awarded the EPCC subcontract to SCIBIBS with a duration of 14 months for the construction of a school, Sekolah Kebangsaan Tambay, in Kota Samarahan, Sarawak.
SCIB group managing director Rosland Othman said this project comes on the heels of having been awarded a project to rebuild a school in Serian, Sarawak that was announced earlier in the month valued at RM20.65 million.
"Our strengths and focus on small-to-mid-sized rural infrastructure projects have enabled us to build a strong portfolio that we can leverage on when seeking such projects," he said in a statement.
He said SCIB offers EPCC services that are supported by its manufacturing arm, which is the leading precast concrete and industrial building system (IBS) manufacturer in East Malaysia.
"We are actively pursuing projects for dilapidated schools in Sarawak and Sabah, which have been allocated RM920 million.
"This is on top of bidding for projects in both states, which have been allocated RM5.6 billion and RM6.5 billion respectively under the re-tabled Budget 2023," Rosland said.
SCIB's share price as of 28 March 2023 is 0.12 sen with a market capitalisation of RM72.8 million.
SCIB has an order book of RM388 million as of March 2023.