Nordic clinches $4.8m worth of contracts from patrons

Two of its subsidiaries sealed the deals.

Nordic Group Ltd. is reconnecting with its patrons as its subsidiaries secured several contracts with a total value of $4.8 million.

In a statement, the group said these repeat customers comprise of multinational companies and companies in the marine, oil & gas and process industries.

One of its subsidiary, Nordic Flow Control Pte. Ltd. secured a $4 million worth of contracts with two patrons for the supply of anti-heeling systems, valve remote control and tank gauging systems and alarm & monitoring systems. The said contracts are expected to be completed by 2017.

Meanwhile, Multiheight Scaffolding Pte Ltd nabbed ad-hoc projects with repeat customers with value at $0.8 million. These projects will be completed by the latter part of this year.

Nordic noted the contracts are not expected to have material impact on the consolidated net tangible assets per share and earnings per share of Nordic for the current financial year.