KUALA LUMPUR (June 8): Liftech Group Bhd could potentially secure a contract worth RM25 million soon, as projects resume after last year’s tariff-related uncertainties.
The letter of award could come in within the next one to two weeks, Treston Ng, business development head at the industrial lift and handling equipment firm, told reporters after the launch of its ACE Market listing prospectus on Monday.
"The target for our order book is actually close to RM70 million to RM80 million,” he said. “We are expecting one order to come in soon.”
Based in Puchong, Selangor, Liftech manufactures industrial lifting and handling equipment such as overhead cranes, gantry cranes and goods hoists. The group also provides maintenance and repair services, as well as trading of crane components, accessories and related equipment.
As at May 10, 2026, Liftech's unbilled order book stood at RM41.6 million, which is expected to be recognised over the next six to nine months. The company serves a diversified customer base across industries, including semiconductor, data centres, aerospace, precast, plastics and automotive.
While nearly all of its revenue was generated in Malaysia, some projects delayed previously due to uncertainties surrounding US tariffs have since been awarded this year, Ng said.
"Most of them were pushed to this year, when we secured more of those orders," he added.
Liftech has also emerged relatively unscathed from recent volatility in steel prices due to the nature of its shorter project cycle, Ng said.
"Our project execution is usually within three to six months,” he noted. “When we secure a project, steel prices generally have not fluctuated too much within that period.”