CEO Morning Brief

Kelington Bags RM102 Mil UHP Jobs in Singapore

Publish date: Fri, 28 Apr 2023, 09:02 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (April 27): Kelington Group Bhd has secured contracts worth RM102 million to design and build a chemical delivery system, as well as design and install process utility main line and hookups in Singapore.

The integrated engineering solutions provider said these ultra-high purity or UHP contracts were awarded to its wholly owned Kelington Engineering (Singapore) Pte Ltd by “a global leader in high-tech filtration, separation and purification”, without naming the customer.

The customer's solutions are used across a wide range of industries, including semiconductor, biopharmaceuticals, food and beverage, energy, industrial, and aerospace, it added.

“This is Kelington’s first contract to supply a fully customised chemical delivery system to [the] customer,” Kelington said in a filing on Thursday (April 27). Works are expected to be completed by March 2024.

“In addition, the UHP equipment for this project will be fabricated and supplied by the group’s wholly owned indirect subsidiary KE System Integration (Chuzhou) Co Ltd,” the group added.

Kelington CEO Raymond Gan said the new jobs demonstrate the group’s in-house fabricated equipment is recognised and certified for use in an advanced production facility, adding they will elevate its value chain in the industry as well as its profitability moving forward.

“Looking ahead, we remain focused on building on this success and continuing to expand our capabilities in the delivery of customised solutions for our clients," Gan said in a separate statement.

“With a team of highly skilled and experienced professionals, we are confident in our ability to meet the evolving needs of the industry and to deliver exceptional value to our clients across various sectors,” he added.

The group noted that it has secured RM569 million in new orders so far this year, with an outstanding orderbook of RM2.27 billion, inclusive of contracts carried forward from last year.

Kelington shares ended one sen or 0.68% higher at RM1.48 on Thursday, giving the group a market capitalisation of RM954.97 million.

Source: TheEdge - 28 Apr 2023

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