Kelington Group Bhd chief executive officer Raymond Gan
KUALA LUMPUR: Kelington Group Bhd
has secured contracts involving the design and building of a chemical delivery system, as well as the installation of a utility main line in Singapore, worth RM102mil.
In a filing with Bursa Malaysia, Kelington said the contract was secured by its wholly-owned subsidiary, Kelington Engineering (Singapore) Pte Ltd.
“The contracts were awarded by a global leader in high-tech filtration, separation and purification,” it said, adding that the contracts will commence this month and are expected to be completed in March 2024.
The contracts are expected to contribute positively to the earnings and net assets of Kelington for the financial years ending Dec 31, 2023 and Dec 31, 2024, respectively.
Chief executive officer Raymond Gan said: “We are pleased to announce that we have clinched our first contract to supply a fully customised chemical delivery system to our customer. This represents a significant milestone for us, as we continue to leverage our expertise in integrated engineering solutions to deliver innovative and tailored solutions to our clients.”
“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 in China. This demonstrates that our in-house fabricated equipment is recognised and certified for use in an advanced production facility. We believe this will elevate our value chain in the industry as well as our 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. 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 has so far secured new orders amounting to RM569mil in the current financial year ending Dec 31, 2023.
Inclusive of the contracts carried forward from the previous year, the group has an outstanding orderbook of RM2.269bil.
