Oiltek wins new contract, pushes order book to an all-time high of $124m

The firm expects to fulfill its order book over the next 18 to 24 months.

Oiltek International saw its current order book hit a new record high of RM430.9m ($124m) after securing a new contract for two new plants.

The firm’s wholly-owned subsidiary, Oiltek Sdn. Bhd., won a new contract to design, fabricate, deliver, test and commission two dry fractionation plants, according to an announcement on Tuesday.

This includes a 550 metric tonnes per day (MTD) dry fractionation plant for producing refined, bleached, and deodorized (“RBD”) palm olien at an iodine value (“IV”) of 56, and another plant with a capacity of 350MTD to produce palm mid fraction at IV45.

The new contract brings the SGX-listed firm’s current order book to RM430.9m, which is expected to be completed over the next 18 to 24 months, barring any unforeseen circumstances.

Last month, the firm obtained new contracts for various projects in Malaysia, Indonesia and Kenya worth a combined RM94.8m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia