Ramunia Wins Fabrication Contract from Samsung Heavy Industries

Ramunia Holdings Berhad's subsidiary, Ramunia Fabricators Sdn Bhd, has been awarded a contract from Samsung Heavy Industries for the procurement, fabrication engineering, fabrication and load-out of an 8 legged jacket, piles and bridges.

The contract is specifically for the Vasai East Development project for ONGC and the location of the project is offshore of Mumbai. The contract value of the Project is approximately RM90 million and Ramunia's contract portion will take approximately 12 months and the expected delivery is scheduled for September 2007.