PMW wins RM64.37m more TNB pole supply, contract at RM148m
- PMW International's unit signed a second supplemental agreement with TNB worth RM64.37m for spun concrete poles.
- The TNB contract now totals RM148.05m and runs to 8 December 2027.
- RM60.19m of poles have been delivered, leaving about RM87.86m to deliver.
- PMW also extended its telecoms-pole framework agreement with EDOTCO and others to April 2029.
What contract did PMW International sign with TNB in November 2026?
A second supplemental agreement worth RM64.37 million for spun concrete poles for TNB's distribution network, running to 8 December 2027.
How much is PMW's TNB pole contract worth in total?
RM148.05 million, made up of the RM64.37 million initial contract, a RM19.31 million optional value contract and the RM64.37 million second agreement.
How much of PMW's TNB contract is left to deliver?
About RM87.86 million; RM60.19 million of poles had been delivered under the initial contract.
PMW International Bhd's subsidiary PMW Concrete Industries Sdn Bhd signed a second supplemental agreement with Tenaga Nasional Bhd (TNB) on 10 November 2026, adding RM64.37 million to its contract to supply spun concrete poles of various sizes for TNB's electricity distribution network. The contract now runs to 8 December 2027.
The contract
| Step | Date | RM million |
|---|---|---|
| Initial contract | 2 Jan 2025 | 64.37 |
| Optional value contract | 25 Aug 2026 | 19.31 |
| Second supplemental agreement | 10 Nov 2026 | 64.37 |
| Total | 148.05 |
- Delivered so far: RM60.19 million of poles under the initial contract, leaving about RM87.86 million still to deliver
- Earnings: PMW expects the new agreement to add to profit in the year ending 31 December 2027, with no material effect on net assets or gearing
- Approvals: none needed from shareholders or regulators
Chief executive Lee Hon Hwa said the remaining balance gives the group revenue visibility for 2027, and that new plants due to be completed will add production capacity and help match the order volume.
Its other business
- Telecoms poles: in September, PMW's unit PMW Marketing Sdn Bhd extended its master framework agreement with EDOTCO Malaysia, Alam Mindscape, Alam Matrix Towers and Yiked Bina for the design, fabrication and supply of concrete poles by three years, to 30 April 2029
- Results: revenue for April to June 2026 was RM53.1 million, of which spun poles and piles made up RM35.6 million, with profit after tax of RM5.5 million
- Plants: PMW makes poles and piles in Ipoh, Perak, and Kota Kinabalu, Sabah, and is building plants at Bemban, Perak, and Tanjung Manis, Sarawak
- Bursa Malaysia — PMW International: second supplemental agreement with TNB for spun concrete poles, RM64.37m (10 Nov 2026)
- Bursa Malaysia — PMW International press release: second supplemental agreement with TNB (10 Nov 2026)
- Bursa Malaysia — PMW International: supplemental agreement to the master framework agreement for concrete poles (EDOTCO and others) (30 Sep 2026)
- Bursa Malaysia — PMW International press release: results for the quarter ended 30 June 2026 (26 Aug 2026)
Facts summarised in our own words, with our own analysis added.
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