Oiltek Secures RM37.2m Global Contracts, Order Book Hits RM350m
SINGAPORE, Feb 23 — Oiltek International Limited has announced new contracts worth RM37.2 million across the Philippines, Africa, Pakistan, and Malaysia, reinforcing its diversified global presence. According to Public Investment Bank, the contracts include a biodiesel plant in the Philippines, a physical refinery in Africa, a neutralization plant in Pakistan, and a glycidyl esters mitigation system in Malaysia.
With these additions, Oiltek’s order book now stands at approximately RM350 million, to be fulfilled over the next 18 to 24 months. Executive Director and CEO Henry Yong Khai Weng said the company’s expanding international footprint mitigates concentration risk and enhances revenue stability.
He emphasized disciplined cost management, strong supply chain execution, and long-term customer partnerships as key drivers of sustainable growth. The new contracts are expected to positively impact Oiltek’s financial performance for FY2026, underscoring resilience and adaptability in evolving global market conditions.
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