KUALA LUMPUR: Resintech Bhd’s wholly owned subsidiary Resintech Plastics (M) Sdn Bhd signed a contract with Phnom Penh Water Supply Authority for the supply and delivery of HDPE pipes and fittings (Batch 2) under the Bakheng Water Supply Project Phase 3 in Cambodia.
The contract, which runs for five months, has an estimated value of US$3.97 million, equivalent to approximately RM16.07 million based on prevailing exchange rates.
Resintech managing director Datuk Dr Teh Kim Poo said this second contract under the Bakheng project reflects the company’s growing participation in regional water infrastructure works.
“Together with ongoing water investments in Sarawak and Sabah, we see steady demand for our products over the next few years,” he said in a statement.
This contract represents the second batch secured by Resintech under the Bakheng Water Supply Project Phase 3.
The Bakheng Water Supply Project is one of Cambodia’s largest water infrastructure projects.
It is financed by the Agence Française de Développement (AFD), France’s official development bank, together with the Phnom Penh Water Supply Authority.
AFD has supported Cambodia’s water sector for nearly two decades, funding treatment plants and network expansion projects to improve water access and reduce non-revenue water.
Resintech’s regional progress comes alongside significant water infrastructure spending in East Malaysia.
In Sarawak, more than RM6 billion worth of water and sewerage projects have been approved under the 13th Malaysia Plan (13MP), including treatment plants, transmission pipelines and rural distribution systems.
In Sabah, the state government has placed water security as a priority, with large-scale projects and budget allocations aimed at expanding clean water supply and upgrading ageing infrastructure.
Together, these programmes provide clear medium-term demand visibility across the group’s product portfolio, including HDPE and uPVC pipe systems, water storage tanks, fittings, and other infrastructure-related solutions, with scope for additional product offerings as projects progress.
Beyond manufacturing, Resintech is also expanding its recurring income base through property assets.
The group is currently developing a workers’ apartment project in Kuala Langat comprising 158 units together with four shoplots. Once the project is completed, which is targeted for the middle of 2028, it is expected to generate additional recurring income of around RM1.5 million a year. This would effectively double the group’s existing contribution from property-related rentals.
“With manufacturing demand supported by multi-year water infrastructure programmes and rental income providing a stable recurring contribution, we are comfortable that the group is positioned for double-digit revenue growth over the next few financial years, barring unforeseen circumstances,” Teh said.
