Oiltek International Limited has announced the acquisition of new contracts valued at RM37.2m across several global markets, including the Philippines, Africa, Pakistan, and Malaysia. These contracts, which will be fulfilled over the next 18 to 24 months, are expected to positively impact the company’s financial performance for the year ending 31 December 2026.
The contracts involve the design, fabrication, delivery, testing, and commissioning of various plants and systems. Specifically, Oiltek will construct a 200 metric tonnes per day (MTD) 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 for an existing 700 MTD physical refinery plant in Malaysia.
Henry Yong Khai Weng, Executive Director and CEO of Oiltek, highlighted the company’s resilience and adaptability in securing these orders, which underscore the strength of its geographically diversified business. “Our expanding international footprint mitigates concentration risk and enhances revenue stability,” he stated.
With these new contracts, Oiltek’s current order book stands at approximately RM350m. The company, listed on the SGX Mainboard, continues to focus on delivering sustainable growth and creating long-term value for its shareholders through disciplined cost management and strong supply chain execution.
