Oiltek secures new contracts worth $2.75m

The contracts will involve projects in Malaysia and South Korea.

SGX Catalist-listed and renewable energy solutions provider Oiltek International secures new contracts worth $2.75m (RM9.6m).

The new contracts involve the supply, installation and piping works for various processing plants and the upgrading and retrofitting of an existing texturizing plant in Malaysia.

It also involves the design, fabrication and delivery of one new 300 tonnes per day bleaching equipment in South Korea.

The cumulative value of new contracts secured in FY2023 amounts to approximately $92.3m (RM322.1m).

This represents a 64.3% increase from the approximately $56m (RM196.1m) worth of contracts won in FY2022.

The new contracts bring Oiltek's current order book to approximately $109m (RM381.5m) and is expected to contribute positively to the company’s financial performance in FY2024.

Also Read

Mooreast subsidiary, NTOU sign MoU for marine energy research

Surbana Jurong and Hyundai partner to develop Small Modular Reactors

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices