Kelington Group Bhd, a provider of integrated engineering solutions, has entered into a contract worth approximately RM114 million with a Franco-Italian multinational electronics and semiconductors manufacturer for a new manufacturing plant in Johor through its wholly-owned subsidiary, Kelington Technologies Sdn Bhd.
Under the terms of the contract, Kelington will design, engineer, and build a new manufacturing plant in Johor that will include a manufacturing (plating) area, mechanical and electrical utilities, and a multi-story carpark.
“This latest project win certainly serves as a good testament to our robust track record in completing projects with a high level of technicality in the semiconductor field. Aside from our foreign markets, we continue to see abundant opportunities in Malaysia as it remains a key investment destination for international electronics and electrical multinational corporations,” said Kelington CEO, Raymond Gan.
“Meanwhile, our tender book continues to be elevated as our team is focused on securing more contracts, especially ultra-high purity projects in Singapore which represent a sizable portion of our tenders. Our existing orders, coupled with the anticipated strong orderbook replenishment, augur well for our financial performance for the remaining of the year,” he added.
Works are reported to commence in June 2022 and are expected to be completed by the 31st of Dec 2023.
