Oiltek International Limited has secured new contracts worth RM19.5 million from Africa, Central America and Malaysia.
The new contracts bring the cumulative new contracts secured to-date in FY2024 to RM152.3 million in value. The new contracts involve the design, fabrication, delivery, testing & commissioning of one new physical refinery plant and one new dry fractionation plant; one new neutralisation plant; one new dry
fractionation plant; as well as the upgrading and retrofitting of a chemetator refrigerant control
system of a texturising plant.
With the addition of these new contracts, the Group’s current order book amounts to RM378.3 million.
Mr Henry Yong Khai Weng (杨淳麟), Executive Director and CEO of Oiltek, said, “The new
contracts secured are part of our continued business efforts to expand geographically to other
markets with emerging prospects and is also testimony to our industry recognition in key markets
outside of Asia like Africa and Central America for our reliable, innovative, diversified and
comprehensive range of process and engineering solutions. We will continue our efforts to expand
our business globally in order to achieve sustainable growth and higher returns to our
shareholders.”
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About Oiltek International Limited
Oiltek International Limited, an established integrated process technology and renewable energy solutions provider, specialises in the provision of reliable, innovative, diversified, and comprehensive range of refinery processes and engineering solutions for use across all different sectors of the vegetable oils industry value chain globally. The history of the Group can be traced back to its principal operating subsidiary, Oiltek Sdn. Bhd., which was incorporated in Malaysia on 1 December 1980. With over 42 years of track record, Oiltek has successfully designed, built and commercialised plants in more than 33 countries across 5 continents.
Oiltek operates three key businesses – Edible & Non-Edible Oil Refinery, Renewable Energy, and Product Sales and Trading.
For its Edible & Non-Edible Oil Refinery segment, the Group provides engineering, procurement, designing, construction and commissioning (“EPCC”) services for edible and non-edible oil refining plants, downstream specialty products and processing plants; upgrading and retrofitting of existing facilities; and turnkey outside-battery-limits (“OSBL”) infrastructure engineering.
For the Group’s Renewable Energy segment, Oiltek provides services for renewable energy industries including EPCC of multi-feedstock biodiesel, enzymatic biodiesel, winter fuel, and palm oil mill effluent (“POME”) biogas methane recovery plants; upgrading and retrofitting of existing facilities; and turnkey OSBL infrastructure engineering which includes the environmental solutions and integration into steam and power generation.
Oiltek’s Product Sales and Trading segment generates recurring income for the Group, and its services include engineering component sales, agency and distributorship, and specialty chemical product trading.