Kelington's year-to-date contracts amount to RM181 mln

KUALA LUMPUR: Kelington Group Bhd has secured RM181 million contracts, year-to-date, of which RM104 million came from its ultra high purity (UHP) segment.

The integrated engineering solutions provider said most of the contract wins were from Malaysia, followed by Singapore, China and Taiwan.

"The contracts would be completed within six to nine months and contribute positively to the company's financial performance for the financial year ending Dec 31, 2018 (FY2018) and FY2019," it said in a statement.

Meanwhile, Kelington said its outstanding order book currently stood at RM285 million, whereby the UHP segment contributed the largest portion at 51 per cent, followed by the process engineering segment at 38 per cent and general contracting segment at 11 per cent.

Chief Executive Officer Raymond Gan said the company would actively look out for new opportunities and projects to increase its order book size.

"Currently, our tender book value is at approximately RM1 billion across our key operating markets," he added.

Moving forward, he said China remained an important growth market and the company aimed to capitalise on the country's increase in semiconductor capital expenditure spending.

"We recently clinched a few notable projects from global renowned semiconductor companies there and are confident of leveraging on our established track record to continue to secure more project orders from China," he added. — Bernama