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.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Expansion and demand helped boost the retailer’s earnings.
SP Setia secured pre-sales of RM555m, comprising RM500m (90%) from domestic development and RM55m (10%)…
Bank Negara is expected to maintain its current policy stance.
Global equities rebounded on easing U.S. Treasury yields and hopes of lower geopolitical tensions, although…
ICBS 2026 tarik 13,000 pengunjung, tonjol segmen teh pertama, bukti budaya kafe Malaysia semakin dinamik…
Southeast Asia’s payment shift prioritises seamless, secure experiences; businesses must reduce friction to win repeat…
This website uses cookies.
