CB INDUSTRIAL PRODUCT HOLDING []s Bhd (CBIP) share price rose on Wednesday, July 7 after its unit Modipalm Engineering Sdn Bhd has secured orders worth a total RM53.93 million from Wilmar Group to build and supply four Modipalm continuous steriliser palm oil mills.
At 9.15am, CBIP was up seven sen to RM2.67 with 50,700 shares traded.
CBIB said on July 6 that three of the mills would have the capacity to produce 30 tonnes of fresh fruit bunches (FFB) per hour, and one with the capacity to produce 45 tonnes FFB per hour— complete with mechanical and electrical works.
Written by Surin Murugiah
The Edge Malaysia
No comments:
Post a Comment