Engtex order book rises to RM170m

PETALING JAYA: Pipe manufacturer Engtex Group Bhd’s order book grew to RM170 million as at March 31, 2017 after securing five pipe supply contracts worth RM60 million from both local private and public sectors in the first quarter of 2017.
Group managing director Datuk Ng Hook said in a statement that its order book would be mostly recognised in the financial year ending Dec 31, 2017.
The contracts secured are mostly for the supply of mild steel cement-lined and ductile iron pipes to various government water and infrastructure projects in Johor, Pahang, Kedah and Selangor, which are estimated to be delivered within six to eight months, the group said in a statement yesterday.
Ng said the group is currently tendering for more than RM300 million worth of projects nationwide, including new pipe supply contracts for residential and infrastructure projects.
“Backed by our impeccable track record of product quality and timely delivery, we are optimistic of beefing up our order book to sustain our financial performance for the rest of the year,” he added.