24 February 2010 10:48 [Source: ICIS news]
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“These projects will commence in the second quarter of 2010 and are expected to be completed in mid 2011,” Advanced Holdings said in a statement.
The company also secured a third contract to provide process equipment for the coal-gasification processes of a plant owned by Jinjiang Chemical.
The project started earlier this year and is expected to be completed by August 2010, Advanced Holdings said.
The three contracts are worth about
In a separate statement, the company reported fourth quarter profits of
Revenue from its petrochemicals and chemicals division in 2009 rose 9.1% year on year to S$54.8m, the company said.
Advanced Holdings reported a full-year net profit of S$9.5m, up 28% from a year ago, it said.
(S$1= $0.71, €0.52)
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