Malaysian engineering and construction company Critical Holdings has secured an engineering, procurement, construction and commissioning contract valued at RM772.49 million (approximately €171 million) through its wholly-owned subsidiary Critical Engineering Solutions, according to The Star, for the development of a high-technology industrial facility at Kulim Hi-Tech Park in Kedah.

The contract was awarded by a US-based multinational corporation that supplies wafer fabrication equipment and services to the semiconductor industry. The facility will incorporate an Automated Storage and Retrieval System warehouse and supporting infrastructure. Works are scheduled to commence on 15 June 2026 and are targeted for completion by 15 December 2027.

The contract is expected to contribute positively to the earnings and net assets of the Critical Holdings group for the financial years ending 30 June 2027 and 30 June 2028. With the award, the group's total order book stands at approximately RM1.06 billion (approximately €235 million).

Executive director and CEO Tan Si Lim said: "The group remains focused on expanding its presence within the semiconductor, advanced manufacturing, logistics automation, data centers and industrial infrastructure sectors while pursuing larger-scale EPCC opportunities that support sustainable long-term growth and shareholder value creation."

He added that the award further strengthens Critical Holdings' position as a preferred EPCC partner for high-technology and advanced manufacturing projects in Malaysia and across the region.

The Kulim Hi-Tech Park is an established hub for high-technology and semiconductor manufacturing activity in Malaysia, making it a strategically significant location for advanced industrial infrastructure serving the global semiconductor supply chain. Its established ecosystem of technology tenants and supporting services makes it a natural location for facilities of this nature and scale.

The contract reflects growing demand for specialist EPCC capability in the semiconductor and advanced manufacturing sectors across Southeast Asia, where investment in fabrication and logistics infrastructure continues to accelerate as technology companies expand regional production capacity to meet global demand for semiconductor components and systems.

The Automated Storage and Retrieval System element of the project underlines the increasing integration of logistics automation within advanced manufacturing facilities, where inventory management speed and precision are becoming critical factors in semiconductor supply chain performance.