KUALA LUMPUR: TCS Group Holdings Berhad (“TCS” or the “Group”) announced that its wholly-owned subsidiary, TCS Construction Sdn. Bhd. (“TCSCSB”), has been awarded a construction contract worth RM86.38 million by Sime Darby Property Berhad (“Sime Darby Property”). The contract involves the construction and completion of 60 units of 2-storey semi-detached factories at Elmina Business Park in Selangor.
Dato’ Ir Tee Chai Seng, Managing Director of TCS, expressed his gratitude, stating, “We are honoured to be entrusted by Sime Darby Property, a valued and returning client, to undertake this project. Their continued confidence in our ability to deliver high-quality projects on time, with a strong focus on workplace safety, is greatly appreciated. We are committed to meeting and exceeding their expectations.”
He further added, “This new project supports our growth momentum and provides strong earnings visibility for the next two to three years. On the broader industry front, we are seeing positive market conditions, with stable material costs and an increase in both public and private sector projects. This favorable environment presents sustained growth opportunities for the construction industry, and TCS is well-positioned to capitalize on these trends. We look forward to sharing more positive developments with our stakeholders in the near future.”
The contract has a duration of 24 months, set to begin in December 2024, with an expected completion date in December 2026.
