Kel­ing­ton gets RM77.5mil new con­tracts

The Star Malaysia - StarBiz - - News -

PETALING JAYA: In­te­grated en­gi­neer­ing so­lu­tions provider Kel­ing­ton Group Bhd has se­cured new or­ders worth RM77.5mil in the first quar­ter of 2018, bring­ing the group’s to­tal or­der book to RM267.3mil.

About 85% of the new or­ders, came from the ul­tra-high pu­rity seg­ment for Kel­ing­ton to pro­vide spe­cialised en­gi­neer­ing ser­vices for the semi­con­duc­tor and elec­tronic man­u­fac­tur­ing com­pa­nies.

The com­pany said in a state­ment that most of the new con­tracts were mainly con­trib­uted by China, fol­lowed by Malaysia, Sin­ga­pore and Tai­wan.

It added that the new con­tracts would be com­pleted within the year and were ex­pected to con­trib­ute pos­i­tively to Kel­ing­ton’s fi­nan­cial per­for­mance for the fi­nan­cial year end­ing Dec 31, 2018.

Kel­ing­ton Group CEO Ray­mond Gan said: “We are en­cour­aged by our grow­ing re­plen­ish­ment of or­ders, es­pe­cially as most of them are from re­peat cus­tomers. The group has been able to con­sis­tently cap­ture a share of the global semi­con­duc­tor capex spend­ing of large in­ter­na­tional play­ers ev­ery year.”

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