PLYTEC Holding Bhd has secured a RM26.3 million contract from Setiakon Builders Sdn Bhd (SBSB) via its subsidiary PLYTEC Formwork System Industries Sdn Bhd (PFWSI). This contract involves supplying temporary works equipment for a construction project that includes three blocks of serviced apartments.

PFWSI will be responsible for providing aluminium formwork, deck formwork systems, heavy shoring solutions, and renting out a self-climbing perimeter platform. The project is set to begin in June 2024 and is expected to be completed by August 2026.

PLYTEC expects this contract to positively impact its earnings throughout the 27-month duration.