XMH bags two contracts worth about S$2.8m

By Andi Istrada

SGX-listed firm XMH Holdings Ltd., a provider of diesel engine, propulsion and power generating solution in the marine and industrial sectors, said that the Group has secured two contracts from one Indonesian ship owner with a total worth of approximately S$2.8 million.

The recurring customer has placed an order for brand new Mitsubishi marine diesel engines with gearboxes and another order for e-Gen power generating sets worth approximately S$2.8 million, the company said in a press statement on Monday.

The marine diesel engines, gearboxes and power generating sets will be installed on tug boats and the delivery of the orders will be fulfilled in 2014. With these contract wins, the total order book value of the Group is currently at approximately S$76 million.

Editing by Benget Besalicto Tnb