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Nordic Group Clinches New Contracts Worth $4.3 Million

Shares Investment

Nordic Group announced that its wholly-owned subsidiaries, Nordic Flow Control and Austin Energy, have been awarded six contracts with value totaling $4.3 million.

Nordic Flow Control has secured three contracts from repeat customers to supply and install a hydraulic valve remote system, tank gauging system and motorized valve. In addition, the group has also secured a contract from new customer for supply and installation of a hydraulic valve remote control system. The contracts are expected to be completed by 2Q16.

Austin Energy has secured two contracts to provide labour and materials to perform piping insulation work and architectural installation work for Pfizer OSP Fit-Out Project and Ivar Aasen Project respectively. The initial phases of the contracted works have commenced and will continue up to 1Q16.



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