Critical Holdings Secures Mechanical and Electrical Services Job from IJM Unit

The company said its wholly-owned subsidiary, Critical M&E Engineering Sdn Bhd, will undertake the supply and maintenance of mechanical and electrical services for the new semiconductor plant — for a renowned US-based multinational company — located at the Batu Kawan Bandar Cassia Technology Park in Prai.

The Penang-based mechanical, electrical and process utilities (MEP) design and engineering services provider did not name the multinational company in its statement on Monday.

Critical Holdings said work under the contract, which was awarded by IJM Corp through its wholly-owned unit IJM Construction Sdn Bhd, is expected to be completed by August 2025.

Last month, the company announced that it had secured a contract from a US-based multinational company worth RM82 million for mechanical and electrical related fit-out, cleanroom and interior design works for a new office building and production and warehouse facility at Pasir Gudang, Johor.

Critical Holdings executive director and chief executive officer Tan Si Lim said the latest contract win signifies "a vote of confidence for our expertise within this field and in our homebase".

Shares of Critical Holdings ended one sen or 0.98% higher at RM1.03 on Monday, valuing the company at RM382.89 million.