Favelle Favco’s Australian unit wins RM83.7 million crane business
Deliveries to Marr Contracting Pty Ltd and G A Caelli Holdings Trust are expected in 2027.
Favelle Favco Bhd (FFB) has announced RM83.7 million worth of purchase orders as well as letters of intent for tower cranes secured by its Australian subsidiary, Favelle Favco Cranes Pty Ltd.
According to FFB’s filing with Bursa Malaysia, delivery to Marr Contracting Pty Ltd is expected by the first quarter of 2027, while delivery to G A Caelli Holdings Trust is expected by the end of 2027.
FFB anticipates a positive contribution from the contracts to earnings and net assets for its financial year ending Dec 31, 2026, and subsequent periods. The company said its share capital and shareholding structure would remain unchanged.
