Myiem.org.my

engineering news
Sourced from Bernama, The Star, New Straits Times
Time Engineering aims
and The Sun
for 15% growth for next
Measat-3a successfully
three years
launched at Cosmodrome
From 2009 till 2011, Time Engineering Bhd expects to achieve an average revenue growth of 15% and More than 50 Malaysians gathered to watch the launch minimum earnings before interest, tax, depreciation of Measat-3a by a 60m Russian-made rocket at the and amortisation margin of 15%. The 15% revenue Cosmodrome in Kazakhstan. The 2,417kg satellite, growth for this year would translate to about RM177 with a 15-year lifespan and costing RM600 million, is million. For the first quarter ended March 31, Time manufactured by Orbital Sciences Corporation, United Engineering posted a net profit of RM6.89 million. Its States. The group, which included several students who Chairman Datuk Mohd Khalil Mohd Noor said, “Since were on an all-expense paid trip to observe the launch Time Engineering’s PN17 status last year, we have and the Russian space industry, was led by Information, put much effort to solve the company’s outstanding Communications and Culture Minister Datuk Seri Dr Rais term loan with Bank Pembangunan Malaysia Bhd. Yatim. Watching a rocket launch live for the first time, he The company has restructured and converted its debt said, “This has expended Malaysia’s technological leap to a seven-year RM342 million redeemable secured into the future as a successful nation. The challenge loans stocks at a coupon rate of 2% to 3% per annum now is whether young Malaysians can one day create maturing on Dec 31, 2015.” He added, “This year we their own rockets to send into space.” Dr Rais added will focus on growing our existing business by expanding that the Government would also jointly develop a and improving our services to our customers mainly in training programme for students interested in outer information technology infrastructure services here and space advancements with the private sector. Rohana abroad.” The company would also seek to expand its Rozhan, chief executive officer of Astro TV, said that services from trade facilitation to other industries for its the new satellite would be a backup for Measat-3 as well as enable the company to introduce more products and services. Flood mitigation project in
Salcon aims to secure 30% of
Kajang to start soon
RM1.5 billion total bid
Floods in Kajang town would be resolved by 2010 when Water and wastewater specialist Salcon Engineering the flood mitigation project from Taman Sungai Jelok to Bhd is currently bidding for RM1.5billion worth of the Mara Arcade is completed. Work on the third phase projects in Malaysia as well as Sri Lanka, India, China of the project, which involves raising the bridge near the and Indonesia, and hopes to secure between 20% and Kajang Market by 1.2m to prevent flash floods in the area, 30% of its total bid. The company’s order book currently is expected to start soon and will be completed within stands at RM1.1 billion from construction projects in three to four months. To prevent water from spilling Malaysia, Sri Lanka and Vietnam. Salcon Engineering into the market and its neighbouring areas including is also setting up a subsidiary office in India to support several rows of shoplots, Hulu Langat district engineer its tendering and operations. The company’s capital Mohd Nazri Yasmin said a flood wall measuring 1.2m expenditure for this year, which would be between will be built. He added, “The length of the entire project RM100 million and RM150 million, is due to three from Taman Sungai Jelok to the Mara Arcade is 1.8km ongoing concession projects in China, namely, a water and the cost involved is RM8.7 million with funding treatment and a raw water transfer plant in Changle from the Selangor government.” According to Kajang County, Shandong Province, with concession periods assemblyman Y. B. Lee Kim Sin, work on the bridge near of 50 years and 30 years respectively, as well as a raw the market will start as soon as the coffeeshop owners water supply project in Nanan City, Fujian Province, on either side were given sufficient notice to temporarily for a concession period of 30 years. How See Hock, its chief executive officer and director, said, “These projects are expected to have a significant contribution to our earnings in 2011.” 14 Jurutera August 2009

Source: http://www.myiem.org.my/assets/download/News0809.pdf