Nordic Group bags S$22.9 million worth of contracts

The bulk of it comes from contracts secured by its system integration division and its cleanroom, air and water engineering solutions division

PRECISION engineering and systems integration solutions provider Nordic Group on Thursday (Dec 12) announced that it clinched several contracts with a total value of around S$22.9 million.

The contracts are with new and repeat customers across the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security sectors.

The bulk of the S$22.9 million comes from contracts secured by its system integration division and its cleanroom, air and water engineering solutions division.

Its system integration division clinched around S$6.7 million worth of contracts for manufacturing as well as electrical and instrumental works.

Meanwhile, its cleanroom, air and water engineering solutions division bagged around S$7 million worth of contracts for ad-hoc, maintenance and hook-up services.

The rest of its contracts were secured by the precision engineering, scaffolding and insulation, petrochemical and environmental engineering, and structural engineering and construction services divisions.

The contracts are not expected to have material impact on Nordic Group’s consolidated net tangible assets per share and earnings per share for the current financial year.

Shares of Nordic Group closed flat on Wednesday at S$0.36.

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