SHAH ALAM: UMW Engineering Services Limited, Myanmar, a unit of UMW Holdings Bhd, has secured contracts worth RM200 million to supply over 60 units of Komatsu equipment in Myanmar.
The contracts are from its three major customers in Myanmar involved in the jade mining industry in Hpakant, located about 350km north of Mandalay, Myanmar's second-largest city. Hpakant is the source of the world's highest quality jade. The delivery of the Komatsu equipment is expected to commence from October this year.
Jade-mining activities in Myanmar were suspended in May 2012 due to security reasons. The government announced recently that the suspension will be lifted effective Sept 1, 2014. The resumption of the mining activities will offer growth potential and UMW group is confident of securing more orders for Komatsu equipment in Myanmar.
The UMW group was awarded the Komatsu heavy equipment distributorship in 1965. The group has exclusive franchise in Malaysia, Singapore, Myanmar and Papua New Guinea. It has four branches in Myanmar.
http://www.information.myanmaronlinecentre.com/umw-bags-rm200m-deals-for-komatsu-equipment-in-myanmar/
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