CSE Global 544 has announced that it has secured two major contracts worth US$20.8 million ($27.7 million) in the US on Dec 11.
The first contract is for the design, engineering and supply of power distribution centres for manufacturing fabs in the US, which are slated for execution between 2024 and 2025.
The second is for the design, engineering, procurement and installation of environmental systems and equipment in the US, and is expected to be progressively executed and delivered by 2027.
“We are delighted to have secured these two major contracts providing our electrification and automation solutions to the infrastructure sector,” says managing director Lim Boon Kheng. “These new contracts will strengthen our pursuit in the Infrastructure sector, which is currently driven by the growing megatrends of urbanisation and electrification.
Lim also notes that the contracts are expected to contribute positively to CSE Global’s financial performance from FY2024 to FY2027.
Shares in CSE Global closed 0.5 cents lower or 1.21% down at 41 cents on Dec 11.
