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Oiltek International wins RM94.8 mil worth of new contracts, bringing order book to record high

Felicia Tan
Felicia Tan • 2 min read
Oiltek International wins RM94.8 mil worth of new contracts, bringing order book to record high
One of Oiltek's refining plants. Photo: Oiltek
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Catalist-listed Oiltek International (SGX:HQU) has secured new contracts worth a total of RM94.8 million ($27.2 million) from Malaysia, Indonesia and Kenya.

The new contracts bring the group’s current order book to RM400.5 million, which is a new record high. The group’s order book will be fulfilled over the next 18 to 24 months barring any unforeseen circumstances.

The latest contracts will see the group construct, fabricate and install inside-battery-limits equipment and outside-battery-limits infrastructure for a new crude palm oil pretreatment plant, a new biodiesel plant, as well as a new downstream premium specialty animal feed product processing plant. The group will also design, fabricate, deliver, as well as test and commission crystallizer loops for a dry fractionation plant and a new 500MTD alkaline close loop vacuum system.

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