KUALA LUMPUR (March 23) : Genetec TECHNOLOGY [] Bhd, a contract manufacturer of industrial equipment, has secured RM27.9 million worth of jobs, of which, orders from the hard disk drive sector accounts for 90% or RM25 million of the total amount.
The balance came from sectors including the electrical, automotive and food industries, Genetec told the exchange on Friday.
“The tenure of the contracts normally range from three to nine months depending on the size of order and scope of work,” Genetec said.
The company said the contracts are undertaken on project basis, and it does not anticipate any risk from the newly-secured jobs. Genetec shares which were not traded on Friday, had closed at 20.5 sen on Thursday.
The balance came from sectors including the electrical, automotive and food industries, Genetec told the exchange on Friday.
“The tenure of the contracts normally range from three to nine months depending on the size of order and scope of work,” Genetec said.
The company said the contracts are undertaken on project basis, and it does not anticipate any risk from the newly-secured jobs. Genetec shares which were not traded on Friday, had closed at 20.5 sen on Thursday.
