PETALING JAYA: Kumpulan Perangsang Selangor Bhd’s (KPS) 51%-owned subsidiary Aqua-Flo Sdn Bhd has clinched a RM162.5 million contract from Pengurusan Air Selangor Sdn Bhd (Air Selangor) to supply and deliver chemicals.
Aqua-Flo is a trading company offering chemicals and equipment, as well as provision of technical services in the water, waste and sewage treatment industries.
Under the contract, Aqua-Flo will provide chemicals to water treatment plants in Selangor, Kuala Lumpur and Putrajaya for two years from Nov 1, 2018, KPS said in a statement.
According to its filing with Bursa Malaysia, Aqua-Flo has entered into a framework agreement with Air Selangor for the chemical supply contract.
Under the agreement, the estimated contract sum is based on the actual total quantities to be supplied based on the purchase orders issued by Air Selangor.
The contract is expected to contribute positively to the group for financial years ending Dec 31, 2018 to 2020.
KPS CEO Ahmad Fariz Hassan said, backed by the group’s excellent track record, the contract win, which was secured through an open tender, strengthens Aqua-Flo’s status as one of the market leaders in the supply of water treatment chemicals.
“Aqua-Flo has been safeguarding the quality of water in Selangor since 1994 and we are heartened by the continued vote of confidence by Air Selangor to provide international-standard drinking water in the state.”