KUALA LUMPUR (Sept 5): Kelington Group Bhd has won a RM330 million contract from "a world leader in semiconductor solutions", raising to RM1.28 billion the total orders it has received so far this year.
This, the group said, is a fresh record in terms of value of new contract wins, surpassing last year's total new orders of RM1.19 billion. It also brings the group's current order book to RM1.87 billion.
In a statement on Monday (Sept 5), Kelington said ts wholly owned subsidiary Kelington Technologies Sdn Bhd won an ultra high purity (UHP) contract worth about RM330 million. The group did not provide the name of the company that awarded the contract.
"We are pleased to have clinched this sizable contract from a repeated customer. This is testament to our strong market position in providing UHP solutions and our ability in securing large value contracts from global semiconductor players," said Kelington group chief executive officer Raymond Gan.
Under the contract, Kelington will be undertaking the bulk and specialty gas system distribution works for the customer's expansion of its current manufacturing facility in Kulim, Kedah.
The project will commence this month and is slated for completion by September 2024, said Kelington.
Gan said Kelington has received a surge in bidding invitations from its existing and new customers across its key operating markets, which include Malaysia, Singapore, China, and Taiwan.
"This is a good indicator for us, as we target to maintain our strong pace of order replenishment moving forward.
"Looking ahead, we will continue to strengthen the relationship with our clientele across different operating markets in order to deliver sustainable value to both our clients and shareholders. Given our resilient order replenishment, we are well on track to deliver a favourable financial performance over the coming financial years," he said.
Kelington shares closed two sen or 1.64% higher at RM1.24 on Monday, valuing the group at RM800.11 million.
Source: TheEdge - 6 Sep 2022
Chart | Stock Name | Last | Change | Volume |
---|
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024