TH Heavy needs a bigger lift
AFTER more than two years, TH Heavy Engineering Bhd
finally got back into the good books of Petroliam Nasional Bhd (Petronas).
In the first week of the year, the company received the Petronas licence that allows it to tender for jobs offered by the national oil company.
However, would it be sufficient to lift the fortunes of TH Heavy? Does it have the execution capabilities to undertake complicated fabrication oil and gas jobs and turn in a profit?
In the last few years, despite getting jobs from Petronas, TH Heavy has had problems with execution. That lead to it being taken out of the approved list of contractors by Petronas in 2017.
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