KUALA LUMPUR: Kelington Group Bhd (Kelington)’s total outstanding orderbook is now at RM267.3 million after securing new orders worth RM77.5 million in the first quarter of 2018 (1Q18).
The integrated engineering solutions provider explained that 85 per cent of the new orders originated from the Ultra High Purity (UHP) segment to provide specialised engineering services for the semiconductor and electronic manufacturing companies.
Most of the new contract wins were mainly contributed from China, followed by Malaysia, Singapore and Taiwan, Kelington statement yesterday said.
“The Group has been able to consistently capture a share of the global semiconductor capex spending of large international players every year.
"This is testament to our technical capabilities and adds further credence to our track record in handling these types of specialised engineering services,” said chief executive officer Raymond Gan.
“We are also bidding for new projects worth approximately RM500 million across our key operating markets. Going forward, we will continue to sharpen our competitive edge with more innovative engineering solutions to ensure we stay ahead in this fast-changing landscape.”
The new contracts will be completed within the year and are expected to contribute positively to Kelington’s financial performance for the financial year ending 31 December 2018.