Global systems integrator CSE Global 544 has secured two major contracts totalling US$28.8 million ($38.1 million) in the US.
Both major contracts are for the design and manufacturing of power distribution centres as well as the integration of switch gears and motor control centres.
The contracts are slated for execution from 2024 to 2026.
Lim Boon Kheng, group managing director says: “Supported by the rising demand for power due to urbanization and digitalisation, the electrification trend continues to gain momentum and will continue to be a key area of focus for CSE Global in the coming years. We are grateful that our customers continue to place their trust and confidence in our solutions and services. These contract wins also demonstrate our capabilities as a trusted, lifelong partner delivering quality projects. The two projects will further strengthen our electrification business and are expected to contribute positively to CSE Global’s financial performance for the financial years 2024 to 2026.”
Shares in CSE Global closed flat at 43 cents on Nov 1.
