KUALA LUMPUR: Engineering solutions provider Kelington Group Bhd has bagged contracts worth a total of RM413 million since July 2024, mostly in Malaysia and China.
This increased Kelington's total contract value for the year to RM977 million.
The company said its consistent success in securing contracts underscores its leadership in ultra-high purity (UHP), process engineering, and general contracting services.
Kelington chief executive officer Ir. Raymond Gan said China remains a significant growth driver, particularly with the launch of the third phase of the China Integrated Circuit Industry Investment Fund, also known as the "Big Fund".
"According to SEMI, China is set to lead the global market with 18 new semiconductor fabs in 2024, providing significant opportunities for Kelington to further expand our operations.
"Global semiconductor fab capacity is expected to expand significantly, driven by the rising demand for artificial intelligence processing and cloud computing."
Gan added that it is fueling the race to develop high-performance chips, which presents even greater opportunities for Kelington to participate in projects.
"While our core markets in Malaysia, China and Singapore remain strong, we are also exploring new opportunities in regions such as Germany and Hong Kong.
"These expansions will open new revenue streams and diversify our global portfolio, positioning the group for broader international growth," he added.