Oiltek wins Latin American contract worth RM45.5 mil

Felicia Tan10-29

The order book is expected to be fulfilled over the next 18 to 24 months and is expected to contribute positively to Oiltek’s financial performance in FY2025.Catalist-listed Oiltek International Hqu ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOiltek wins Latin American contract worth RM45.5 mil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-29 03:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/contracts/oiltek-wins-latin-american-contract-worth-rm455-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The order book is expected to be fulfilled over the next 18 to 24 months and is expected to contribute positively to Oiltek’s financial performance in FY2025.Catalist-listed Oiltek International Hqu ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/contracts/oiltek-wins-latin-american-contract-worth-rm455-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4567","symbol_name":"ESG概念","start_time":0,"source_url":"https://www.theedgesingapore.com/news/contracts/oiltek-wins-latin-american-contract-worth-rm455-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2479803592","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479803592","pubTimestamp":1730143757,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The order book is expected to be fulfilled over the next 18 to 24 months and is expected to contribute positively to Oiltek’s financial performance in FY2025.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4567":"ESG概念","BK6045":"建筑与工程","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","BK4548":"巴美列捷福持仓","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","BK4121":"生命科学工具和服务","AFG":"美国金融集团有限公司","MTD":"梅特勒-托利多","BK4117":"多元化保险","BK4585":"ETF&股票定投概念","BK4107":"财产与意外伤害保险","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","HQU.SI":"Oiltek","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis"},"translate_title":"Oiltek赢得价值4550万令吉的拉丁美洲合同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTD":1,"HQU.SI":1,"AFG":1},"content_text":"The order book is expected to be fulfilled over the next 18 to 24 months and is expected to contribute positively to Oiltek’s financial performance in FY2025.Catalist-listed Oiltek International Hqu has, through its subsidiary Oiltek Sdn. Bhd, secured an additional new contract from Latin America worth some RM45.5 million ($13.8 million).\nThe contract will see Oiltek designing, fabricating, delivering, testing and commissioning a neutralisation plant with an output of 400 metric tonnes per date (MTD). The contract, which also includes the same of one new acidulation plant and one new downstream niche product refining plant, brings Oiltek’s cumulative new contracts secured to-date in the FY2024 ending Dec 31 to RM197.8 million.\nThe new contract also brings Oiltek’s current order book to RM400.9 million. The order book is expected to be fulfilled over the next 18 to 24 months and is expected to contribute positively to Oiltek’s financial performance in FY2025.\n“Today, we see ourselves as an agri-tech company, where we combine commercial agriculture with innovative process technology to deliver high quality products in the edible and non-edible oil value chain. Furthermore, our geographical business expansion has gained greater traction as more customers from Latin America increasingly recognise our track record for the provision of a reliable, innovative, diversified and comprehensive range of process and engineering solutions,” says Henry Yong Khai Weng, Oiltek’s executive director and CEO.\n“The continued expansion of our customer footprint globally will help to ensure our sustainable growth and enhance our ability to generate higher returns for our shareholders,” he adds.\nAs at 11.28am, shares in Oiltek are trading 0.5 cents higher or 0.94% up at 54 cents.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479803592"}