The group has also secured new UHP orders worth RM19.7m from China’s largest semiconductor foundry company
By AZALEA AZUAR / Pic source kelington-group.com
KELINGTON Group Bhd has secured contracts worth 94 million yuan (RM56.4 million) in China for supply of its services and products from the semiconductor companies there.
It includes two new orders from reputable semiconductor players and also other smaller value jobs worth 1.2 million yuan.
Kelington Engineering (Shanghai) Co Ltd, Kelington’s wholly-owned subsidiary, has also bagged an ultra-high purity (UHP) gas and chemical contract totalling 60 million yuan from the Fourth Construction Co Ltd.
The contract would enable the company to perform gas hook-up works for Ruili Integrated Circuit Co Ltd’s memory-chip wafer fabrication project at Hefei, the capital of Anhui Province, China.
The group has also secured new UHP orders worth 32.8 million yuan from China’s largest semiconductor foundry company.
Ruili Integrated Circuit’s planned project is expected to be worth approximately 150 billion yuan and will be divided into three phases of the construction, where Keling- ton will be involved in the second phase.
Kelington CEO Raymond Gan felt thrilled to be part of Ruili Integrated Circuit’s journey in developing China’s integrated circuit industry.
“It was no easy feat in the tendering pro- cess considering the competitive bidding process against various tier-1 industry peers. We believe this new addition will open more doors for us in terms of project opportunities in the thriving memory-chip market segment,” he stated in a statement released yesterday.
Gan also sees these contracts would add credence to their track record and diversifying their portfolio of reputable clientele in China. It is crucial for the evaluation process for high-profile project tenders.
“The semiconductor market remains robust with no signs of a slowdown in spending or expansion by multinational corporations. In addition to China, we are also seeing a pickup in the Singapore market and we are actively bidding for projects there,” he added.
“Overall, we believe there is tremendous growth potential for us to ride on the semi-conductor boom and we aim to sustain our growth momentum going forward.”
Being China’s first independently developed memory-chip maker, Ruili Integrated Circuit is the parent company of ChangXin Memory Technologies Inc.
This project represents Kelington’s breakthrough as they managed to win the contract from the reputable state-owned semiconductor player.
Kelington is tendering for projects totalling RM1 billion across China, Malaysia, Singapore and Taiwan.