Oiltek International has won new contracts worth RM74.3 million for works to be done in Malaysia, Indonesia and Pakistan.

Oiltek says the new contracts are expected to have a positive impact on its FY2025 numbers.

This brings its total contracts won thus far this year to RM136.2 million and its total orderbook to RM398.2 million, to be fulfilled over the next 18 to 24 months.

“These new contracts reinforce our position as a trusted global partner in integrated process technology and renewable energy solutions for the vegetable oil industry," says executive director and CEO Henry Yong Khai Weng.

"Even in a volatile macroeconomic environment, our diversified geographical presence and innovative capabilities enable us to capture growth opportunities and strengthen our market share. Our focus remains on executing our long-term strategy to drive sustainable growth," he says.

Oiltek shares closed at $1.05 on Aug 15, up 3.96% for the day.