KUALA LUMPUR (Nov 10): Critical Holdings Bhd (KL:CHB) has secured engineering, procurement and construction contracts worth RM65 million from a multinational corporation for cleanroom works in northern Peninsular Malaysia.
The contracts, awarded to its wholly owned subsidiary Critical Sales & Services Sdn Bhd, cover the design, construction, testing and commissioning of a new cleanroom production floor, including mechanical, electrical and process utilities, as well as cleanroom architectural systems.
Critical Holdings, in its filing with Bursa Malaysia on Tuesday (Nov 10), did not identify the customer.
It said the works are scheduled for completion by March 31, 2027, and are expected to contribute positively to its earnings and net assets for the financial year ending June 30, 2027.
The latest awards follow several sizeable contracts secured this year, including a RM772.49 million job to develop a high-technology industrial facility at Kulim Hi-Tech Park in Kedah. That contract, awarded in June, includes an automated storage and retrieval warehouse and supporting infrastructure. It came from an unnamed US-based multinational supplying semiconductor wafer fabrication equipment and services, with completion scheduled for Dec 15, 2027.
In October, Critical Holdings also announced an increase in the value of a separate cleanroom contract at Kulim Hi-Tech Park to RM226.68 million from RM152.59 million, following changes to its scope. The revision added RM74.1 million, or about 48.6%, to the contract originally secured in May.
Earlier, in February, the group secured a RM34.97 million contract for a cleanroom production floor at a manufacturing plant in Penang’s Batu Kawan Industrial Zone. The customer is an unnamed US-based multinational providing computer memory and data storage systems for industrial applications.
Shares of Critical Holdings closed three sen or 1.33% lower at RM2.22 on Tuesday, giving the group a market capitalisation of RM907.79 million.