KUALA LUMPUR: Main Market-listed engineering services group AWC Bhd, through its indirect wholly-owned subsidiary Stream Environment (S) Pte Ltd, received a Letter of Acceptance (LoA) on November 14, 2025, from the Housing & Development Board of Singapore (HDB) for the design, build and operate of a pneumatic waste conveyance system (PWCS) at Project EW & FM for SG$4.6 million.
AWC group CEO and president Datuk Ahmad Kabeer Mohamed Nagoor said the company is pleased to sustain its positive momentum in contract wins, as well as the continued trust of HDB, which is a returning client.
“This win not only further broadens our market share in Singapore but also gives us good earnings visibility for the coming years.
“With this, our cumulative major contract wins in FY26 are now at approximately
RM270 million. In FY25, around 22% of our revenue from the Environment Division was recurring.
“Looking ahead for our Environment Division, the prospects remain promising
given the ample opportunities across our key markets. We are leveraging our
position as one of the global leaders in automated pneumatic waste collection
systems, supported by our patented shuttle system.
“The outlook for the pneumatic waste collection industry is favourable,” he said in a statement, underscoring its long-term potential and providing a solid foundation for the group to strengthen its presence and capture growth opportunities in both domestic and regional markets.
The pneumatic waste collection service industry is poised for steady growth, backed by increasing urbanisation and regulatory support for sustainable waste management solutions.
According to Fact.MR, the global market is projected to expand from US$514 million in 2024 to US$1,039.8 million by 2034, representing a compound annual growth rate (CAGR) of 7.3%. East Asia, a key region for the group, is expected to experience even stronger momentum, with the market anticipated to more than double from US$162 million in 2024 to US$361 million in 2034, reflecting a CAGR of 8.3%.
The contract is divided into two phases, each comprising two parts, namely
design works and construction works, which will take 12 months and 24 months
respectively from the commencement date.
