Kelington to venture into Germany, Hong Kong markets

Kelington Group CEO Raymond Gan

KUALA LUMPUR: Kelington Group Bhd is making plans to expand into Germany and Hong Kong to capitalise on the flourishing global semiconductor industry and broaden its geographical reach.

Group CEO Raymond Gan said chipmakers are aggressively expanding production capacity to meet a surging demand for chips, driven by factors like geopolitical diversification and the need for advanced technologies like artificial intelligence (AI), Internet of Things (IoT), electric vehicles and Industry 4.0.

“As these technologies advance, the demand for semiconductor manufacturing facilities remains strong.

"After a contraction in 2023 due to the cyclical nature of the industry, semiconductor manufacturing equipment growth is expected to resume in 2024, with sales expected to strongly rebound in 2025."

He said the group hopes to capture a larger market share of the global semiconductor capex in Germany and Hong Kong as they are key hubs for innovation.

“Leveraging on the group’s track record of completing successful projects for leading multinational clients (MNCs) in Malaysia, Singapore, China and Taiwan, we are well-positioned to attract new clients in Germany and Hong Kong as well as to serve existing clients who are expanding their manufacturing footprint in these regions.”

To facilitate its foray into both markets, Kelington has incorporated Kelington Engineering (Germany) GmbH and Kelington Engineering (HK) Limited as indirect wholly-owned subsidiaries.

Kelington provides integrated engineering solutions, including ultra high purity (UHP) systems, process engineering and general contracting services which are critical elements required for building new semiconductor manufacturing plants.

The group reported a record-high revenue and net profit of RM1.6bil and RM102.7mil respectively for the financial year ended Dec 31, 2023

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Kelington , semiconductor , technology


Next In Business News

ITMAX gets RM105mil DBKL variation order
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
Chinese firms invest in ‘green’ jet fuel
Are MAHB minority shareholders being blindsided?
Maxis gets off to a strong start to the year
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
MFM allocates RM300mil to improve grain, poultry operations
Toyota repeatedly halts Mexico plant after suppliers hit by labour shortage

Others Also Read