KUALA LUMPUR: PMW International Bhd’s subsidiary PCISB has signed a second supplemental agreement with Tenaga National Bhd (TNB) to supply spun concrete poles for the expansion of the latter’s distribution network.
The agreement, valued at RM64.37 million, is similar in value to the initial contract signed on Jan 2, 2025.
Together with the optional value contract dated Aug 25, 2026 amounting to RM19.31 million, the aggregate contract value totals RM148.05 million.
PMW executive director and chief executive officer Lee Hon Hwa said the second supplemental agreement signifies trust, mutual collaboration and the reliability of its technical, quality and delivery capacity.
“We are heartened by TNB’s continued support with the additional contract value of RM64.37 million on top of the earlier optional value contract of RM19.31 million.
“With the remaining contract balance of approximately RM87.86 million, we are positive that this second supplemental agreement will add constructively to the group’s current orderbook and provide sustained revenue visibility, particularly for financial year 2027.
“Alongside higher production volume and additional capacity in the upcoming year with the completion of the group’s earmarked production facilities, PMW Group is poised to achieve better economies of scale to match the order quantity,” he said in a statement.