Oiltek International has secured new contracts worth approximately RM37.2 million across the Philippines, Africa, Pakistan and Malaysia, its first contract wins announced for 2026.
The contracts cover a 200 metric tonnes per day biodiesel plant in the Philippines, a 100 MTD physical refinery plant in Africa, a 100 MTD neutralisation plant in Pakistan, and a glycidyl esters mitigation system with ice condensing vacuum system for an existing 700 MTD physical refinery plant in Malaysia. Including the new wins, the Group’s order book stands at approximately RM350.0 million, to be fulfilled over the next 18 to 24 months barring unforeseen circumstances.
Mr Henry Yong Khai Weng, Executive Director and CEO of Oiltek, said, “Our Company has demonstrated resilience and adaptability in navigating evolving global market conditions. We continue to secure orders from the Philippines, Pakistan, Africa, and Malaysia, which demonstrates the strength of our geographically diversified business. Our expanding international footprint mitigates concentration risk and enhances revenue stability. Backed by disciplined cost management, strong supply chain execution, and long-term customer partnerships, we remain confident in our ability to deliver sustainable growth and create long-term value for our shareholders.”
The new contracts are expected to have a positive impact on the Group’s financial performance for FY2026.
