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KUALA LUMPUR: Kelington Group Bhd has secured new contracts worth a combined RM53mil, bringing its total job wins this year to RM146mil.

The group said in a statement that the new contracts were largely for specalised engineering works under the ultra high purity (UHP) segement for wafer fabs in China.

The group's total outstanding orderbook has risen to RM406mil, the bulk of which is contributed by the UHP segment, followed by the process engineering segment and the general contracting segment.

"Moving forward, we expect the growth in our orderbook to be driven by project orders under the UHP and Process Engineering business as we continue to receive invitations to tender from major industry players across our key operating markets - Malaysia, Singapore, China and Taiwan," said Kelington CEO Raymond Gan.

He added that China and Singapore serve as the main drivers of growth, with these markets accounting for about 71% of the total outstanding orderbook.

Most of the contracts are expected to be completed and recognised in the financial year ending 2019 and 2020.

Meanwhile, the Group's tenderbook currently stands at about RM1.2bil, said Gan.

https://www.thestar.com.my/business/business-news/2019/04/16/kelington-secures-rm53m-new-job-wins/
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