PMW unit adds RM64.37 million to TNB pole supply deal
The combined contract value reaches RM148.05 million, including an optional contract valued at RM19.31 million.
A RM64.37 million extension to a pole supply arrangement with Tenaga National Bhd (TNB) has been signed by PCISB, a PMW International Bhd subsidiary. Under the second supplemental agreement, PCISB will provide spun concrete poles for TNB's distribution network expansion.
The latest agreement is worth a similar amount to the original contract of January 2, 2025. An optional contract dated August 25, 2026 was valued at RM19.31 million, taking the combined value to RM148.05 million.
In a statement, PMW executive director and chief executive officer Lee Hon Hwa put the outstanding contract balance at approximately RM87.86 million. He said the additional agreement would bolster PMW's order book and give it greater visibility on revenue, especially in financial year 2027.
Lee also expected higher output and added capacity in the coming year as planned production facilities are completed. He said this would help PMW achieve improved economies of scale while meeting the volume ordered.
