The new contracts are expected to contribute positively to Oiltek’s financial performance in FY2025.

Catalist-listed Oiltek International Hqu has secured additional new contracts from Malaysia worth around RM9.2 million ($2.78 million), bringing its total order book to RM391.1 million.

The new contracts involve the design, fabrication, delivery, testing and commissioning of one new 200 metric tonnes per date (MTD) physical refinery plant, as well as the engineering, procurement, construction and commissioning of a replacement membrane filter for a crude palm kernel oil fractionation plant.

“The award of these new contracts contribute to what is becoming an excellent year for Oiltek with a cumulative RMB207.0 million in orders secured,” says executive director and CEO, Henry Yong Khai Weng.

“With the market’s recognition of our reliable, innovative, diversified and comprehensive range of process and engineering solutions, we are optimistic to maintain our order momentum into the new year,” he adds.

As at 12.10 pm, shares in Oiltek International are trading 2 cents higher or 1.92% up at $1.06.