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BUSINESS

Greatech secures new orders worth RM160 mln

24/01/2022 08:01 PM

KUALA LUMPUR, Jan 24 -- Greatech Technology Bhd said it has secured new orders for production line systems worth RM160 million and that the new orders are expected to last until the second quarter of 2023 for the company.

It said the new orders were mainly from customers in the solar industry.

“On the business outlook, we expect positive development in the solar sector in 2022 and 2023 with the opportunities presented by worldwide green initiatives and increased usage of renewable energy,” the company said in a stock filing exchange.

The group expects the orders to contribute positively to the group’s revenue in 2022 and 2023.

-- BERNAMA


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