Latest news with #KEGG
The Star
05-08-2025
- Business
- The Star
Kelington wins wafer hook-up job in Germany
PETALING JAYA: Kelington Group Bhd , via its wholly-owned subsidiary Kelington Engineering (Germany) GmbH (KEGG), has accepted a letter of intent (LOI) for a semiconductor hook-up project in Dresden, Germany. Based on the estimated scope for the first phase, the integrated engineering solutions provider said the total contract value is estimated at a minimum of €30mil (approximately RM146mil), with the potential to increase to €50mil, subject to the final configuration to be determined by the client. The LOI establishes a framework for detailed discussions on KEGG's provision of hook-up services for key process systems involving specialty gases, chemicals, slurry, bulk gases, process vacuum and ultra-pure water. 'It also sets out the agreed unit pricing structure and price adjustment clauses, which will remain in effect until 2027. 'This long-term arrangement positions KEGG to undertake follow-on work as this semiconductor wafer fabrication plant expands, without the need for renegotiation on core pricing terms.' Kelington said the LOI marks its major entry into the European market.
Malaysian Reserve
04-08-2025
- Business
- Malaysian Reserve
Kelington bags RM146m semiconductor hook-up job in Germany
INTEGRATED engineering solutions provider Kelington Group Bhd has secured a letter of intent (LOI) for a semiconductor hook-up project in Dresden, Germany, marking its first major foray into the European market. Through its wholly owned subsidiary, Kelington Engineering (Germany) GmbH (KEGG), the group will provide hook-up services for key process systems involving specialty gases, chemicals, slurry, bulk gases, process vacuum, and ultra-pure water (UPW) at a semiconductor wafer fabrication plant. The LOI includes an agreed unit pricing structure and price adjustment clauses valid until 2027, enabling KEGG to undertake follow-on work as the facility expands without renegotiating core pricing. The initial contract value is estimated at a minimum of 30 million euro (RM146 million), with the potential to increase to 50 million euro (RM244 million) depending on the client's final configuration. Work begins immediately and is expected to be completed within two to three years. Kelington CEO Raymond Gan said the project underscores the group's growing international presence: 'This milestone represents a significant step in our European expansion and strengthens our position as a trusted global engineering solutions provider.' He noted that the end-user is a long-standing client the group has supported in Malaysia. With the European Chips Act driving local semiconductor manufacturing, Kelington anticipates further opportunities in the region. 'This milestone paves the way to secure additional work packages and firmly establish our presence in Europe, which we view as a key growth platform,' Gan added. As of March 31, 2025, Kelington's outstanding order book stood at RM1.43 billion, backed by a tender book of RM4 billion as of April 30, 2025. — TMR
The Star
04-08-2025
- Business
- The Star
Kelington secures semiconductor project in Germany
Kelington Group Bhd chief executive officer Ir. Raymond Gan PETALING JAYA: Kelington Group Bhd , via its wholly-owned subsidiary Kelington Engineering (Germany) GmbH (KEGG), has accepted a letter of intent (LOI) for a semiconductor hook-up project in Dresden, Germany. Based on the estimated scope for the first phase, the integrated engineering solutions provider said the total contract value is estimated at a minimum of 30 million euros (approximately RM146mil) with the potential to increase to 50 million euros (approximately RM244mil), subject to the final configuration to be determined by the client. 'The LOI establishes a framework for detailed discussions on KEGG to provide hook-up services for key process systems involving specialty gases, chemicals, slurry, bulk gases, process vacuum, and ultra-pure water (UPW). 'It also sets out the agreed unit pricing structure and price adjustment clauses, which will remain in effect until 2027. This long-term arrangement positions KEGG to undertake follow-on work as this semiconductor wafer fabrication plant (wafer fab) expands, without the need for renegotiation on core pricing terms.' Kelington said the LOI marks the company's major entry into the European market. 'This milestone represents a significant step in our European expansion and strengthens our position as a trusted global engineering solutions provider. The end-user is a long-standing client we have supported on multiple projects in Malaysia, and we are proud to extend this partnership into Europe,' Kelington chief executive officer Ir. Raymond Gan said in a statement.
