Wentel Engineering Holdings Berhad (Wentel Engineering) has reported a robust performance for the first half of 2024, closing with a cumulative revenue of RM54.55 million. For the second quarter ended 30 June 2024 ("Q2FY2024"), the Company recorded a revenue increase of RM3.00 million, reflecting an 11.65% rise compared to the previous quarter. This growth is attributed to a significant uptick in orders within the assembly of finished products segment. Wentel Engineering achieved a consolidated Profit Before Tax of RM5.92 million for Q2FY2024.
Wong Chun Wei, Executive Director of Wentel Engineering, emphasised that the company's solid performance underscores its exceptional operational capabilities and strategic execution. This positions the group favourably for sustained growth in the latter half of 2024. Mr Wong stated, "We are committed to leveraging our competitive strengths and expanding our market presence to drive continued value creation for stakeholders. This commitment will be bolstered by our recent expansion with a new manufacturing plant in Johor Bahru, slated to commence operations in the first half of 2026. The new plant is anticipated to significantly enhance our production capacity and operational efficiencies, allowing us to capitalise on the revival of global trade economies. As demand increases, we are confident of achieving satisfactory financial performance for the fiscal year ending 2024."
The new facility will span 426,074 square feet and will focus on fabricating semi-finished metal products, metal parts, and assembly operations. It will include two single-storey factory blocks with double-storey offices and two blocks of workers' hostels, totalling a built-up area of 299,701 square feet. Mr Wong added, "We are expanding our computer numerical control (CNC) machining capabilities to target customers with higher precision requirements. The new plant will support larger orders, enhance efficiency, and enable better manufacturing techniques. This facility will improve our ability to produce precision machined parts for both existing and new customers, addressing diverse needs in precision, accuracy, and material specifications."
With over two decades of experience since its establishment in 2000, Wentel Engineering specialises in the fabrication of semi-finished metal products, metal parts, and the assembly of finished products for various industries, including security screening equipment, CNC machines, semiconductor manufacturing equipment, medical diagnostics equipment, passenger coaches, and industrial 3D printers.
