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FINWIRES

Favelle Favco Unit Bags MYR504 Million Offshore, Tower Cranes Supply Deals

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Favelle Favco (KLSE:FAVCO) unit, Favelle Favco Cranes (M) secured purchase orders and a letter of intent worth about 504 million ringgit to supply offshore and tower cranes, according to a Thursday Malaysian bourse filing.

The contracts include offshore crane orders from Floating Production Solutions, and Dialog E&C, both scheduled for delivery by the second quarter of 2027.

It also received a tower crane order from Samsung C & T (KRX:028260), with deliveries running from the end of 2026 through the second quarter of 2027.

Favelle Favco said a significant share of the new orders is tied to customers' investments in AI-related infrastructure.

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